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Financial Agency Guidance Clarity: Non-Binding Rules for Citizens

This act aims to ensure that guidance issued by financial agencies, such as those related to loans or savings, is not treated as binding law. This provides citizens and businesses with greater certainty that they will not be penalized for not following recommendations that are not official regulations. The change is intended to protect against unclear interpretations and excessive bureaucracy.
Key points
Financial agencies must clearly state that their guidance is not law and does not create new obligations.
Non-compliance with guidance will not automatically mean a violation of law, unless specified in a statute or regulation.
The act applies to agencies like the Bureau of Consumer Financial Protection, the Department of the Treasury, and the Federal Deposit Insurance Corporation.
article Official text account_balance Process page
Placed on Calendar
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Additional Information
Print number: 119_HR_4460
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2025-07-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SAFE Guidance Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4460.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-07-16.

What are the main provisions?

Key points include:

  • Financial agencies must clearly state that their guidance is not law and does not create new obligations.
  • Non-compliance with guidance will not automatically mean a violation of law, unless specified in a statute or regulation.
  • The act applies to agencies like the Bureau of Consumer Financial Protection, the Department of the Treasury, and the Federal Deposit Insurance Corporation.
What is the specific legal status?

The current status is Placed on Calendar.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Meuser, Daniel [R-PA-9].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 208.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Courts and Law