Ensuring Sound Guidance Act

3/12/2024, 4:27 PM
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill 118 s 2282, 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 accurate and reliable guidance to the public.

The bill requires federal agencies to follow certain procedures when issuing guidance documents. These procedures include making the guidance publicly available, allowing for public comment on the guidance, and ensuring that the guidance is based on sound scientific and technical information.

Additionally, the bill requires federal agencies to periodically review and update their guidance documents to ensure that they remain accurate and up-to-date. Agencies must also provide a clear explanation of the legal basis for their guidance and must consider the impact of the guidance on small businesses. Overall, the Ensuring Sound Guidance Act aims to improve transparency and accountability in the federal government by ensuring that guidance provided by federal agencies is reliable and based on sound information. The bill is currently being debated in Congress and may undergo further revisions before being voted on.
Congress
118

Number
S - 2282

Introduced on
2023-07-12

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

7/12/2023

Status of Legislation

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

Purpose and Summary

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill 118 s 2282, 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 accurate and reliable guidance to the public.

The bill requires federal agencies to follow certain procedures when issuing guidance documents. These procedures include making the guidance publicly available, allowing for public comment on the guidance, and ensuring that the guidance is based on sound scientific and technical information.

Additionally, the bill requires federal agencies to periodically review and update their guidance documents to ensure that they remain accurate and up-to-date. Agencies must also provide a clear explanation of the legal basis for their guidance and must consider the impact of the guidance on small businesses. Overall, the Ensuring Sound Guidance Act aims to improve transparency and accountability in the federal government by ensuring that guidance provided by federal agencies is reliable and based on sound information. The bill is currently being debated in Congress and may undergo further revisions before being voted on.
Alternative Names
Official Title as IntroducedA bill to 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, and for other purposes

Policy Areas
Labor and Employment

Comments

Recent Activity

Latest Action7/12/2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.