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Ensuring Sound Guidance Act

3/12/2024, 4:27 PM

Summary of Bill S 2282

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.

Current Status of Bill S 2282

Bill S 2282 is currently in the status of Bill Introduced since July 12, 2023. Bill S 2282 was introduced during Congress 118 and was introduced to the Senate on July 12, 2023.  Bill S 2282's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 12, 2023

Bipartisan Support of Bill S 2282

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
14
Democrat Cosponsors
0
Republican Cosponsors
14
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2282

Primary Policy Focus

Labor and Employment

Alternate Title(s) of Bill S 2282

Ensuring Sound Guidance Act
Ensuring Sound Guidance Act
A 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

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