Ensuring Sound Guidance Act

12/12/2023, 6:26 AM
Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Bill 118 hr 4237, also known as the Ensuring Sound Guidance Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to ensure that federal agencies provide clear and accurate guidance to the public.

The bill requires federal agencies to follow certain guidelines when issuing guidance documents. These guidelines include making sure that the guidance is easily accessible to the public, is written in plain language that is easy to understand, and is based on sound scientific and technical information.

Additionally, the bill requires agencies to provide an opportunity for public input on proposed guidance documents before they are finalized. This is intended to ensure that the guidance reflects the needs and concerns of the public. Overall, the Ensuring Sound Guidance Act aims to improve transparency and accountability in the federal government by ensuring that the guidance provided by agencies is clear, accurate, and based on reliable information. It is currently being debated in Congress and may be subject to amendments before it is voted on.
Congress
118

Number
HR - 4237

Introduced on
2023-06-21

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

6/21/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Bill 118 hr 4237, also known as the Ensuring Sound Guidance Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to ensure that federal agencies provide clear and accurate guidance to the public.

The bill requires federal agencies to follow certain guidelines when issuing guidance documents. These guidelines include making sure that the guidance is easily accessible to the public, is written in plain language that is easy to understand, and is based on sound scientific and technical information.

Additionally, the bill requires agencies to provide an opportunity for public input on proposed guidance documents before they are finalized. This is intended to ensure that the guidance reflects the needs and concerns of the public. Overall, the Ensuring Sound Guidance Act aims to improve transparency and accountability in the federal government by ensuring that the guidance provided by agencies is clear, accurate, and based on reliable information. It is currently being debated in Congress and may be subject to amendments before it is voted on.
Alternative Names
Official Title as IntroducedTo amend the Investment Advisers Act of 1940 and the Employee Retirement Income Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors.

Policy Areas
Labor and Employment

Comments

Recent Activity

Latest Action6/21/2023
Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdic...