HR 4460 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
H. R. 4460 To require a guidance clarity statement on certain financial agency guidance, and for other purposes.
Summary
This bill requires financial regulatory agencies to include a prominent disclaimer on guidance documents stating that the guidance does not have the force of law and is not binding on the agency or the public. The disclaimer must specify that noncompliance with guidance does not necessarily constitute a violation of applicable law. The bill applies to guidance issued by nine major financial agencies, including the Federal Reserve, the SEC, the FDIC, the Treasury Department, the CFPB, HUD, the FHFA, the OCC, and the NCUA. The requirement does not apply to formal rules adopted through notice-and-comment rulemaking, adjudication decisions, internal guidance, or legal opinions.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Meuser, Daniel [R-PA-9] (R-PA)
Money behind the sponsor
Top reported contributors to Daniel Meuser’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $25,535
- SUNDANCE VACATIONS $9,900
- PACE-O-MATIC $9,900
- PENSKE TRANSPORTATION SOLUTIONS $9,300
- PRIDE-MOBILIT PRODUCTS CORP $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Daniel Meuser → · Outside spending →
Actions (7)
- Sep 8, 2025 Placed on the Union Calendar, Calendar No. 208. · house
- Sep 8, 2025 Reported by the Committee on Financial Services. H. Rept. 119-251. · house
- Jul 23, 2025 Ordered to be Reported by the Yeas and Nays: 26 - 23. · house
- Jul 23, 2025 Committee Consideration and Mark-up Session Held · house
- Jul 22, 2025 Committee Consideration and Mark-up Session Held · house
- Jul 16, 2025 Referred to the House Committee on Financial Services. · house
- Jul 16, 2025 Introduced in House
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (2)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
July 16, 2025
Mr. Meuser introduced the following bill; which was referred to the Committee on Financial Services
September 8, 2025
Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
A BILL
To require a guidance clarity statement on certain financial agency guidance, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Stop Agency Fiat Enforcement of Guidance Act” or the “SAFE Guidance Act”.
SEC. 2. GUIDANCE CLARITY STATEMENT REQUIRED.
(a) In General.—The head of each financial agency shall include a guidance clarity statement as described in subsection (b) on any guidance issued by that financial agency on and after the date of the enactment of this Act.
(b) Guidance Clarity Statement.—A guidance clarity statement required under subsection (a) shall be displayed prominently on the first page of the document and shall include the following: “This guidance does not have the force and effect of law and therefore does not establish any rights or obligations for any person and is not binding on the agency or the public. If this guidance suggests how regulated entities may comply with applicable statutes or regulations, noncompliance with this guidance does not conclusively establish a violation of applicable law.”.
(c) Definitions.—In this section:
(1) Financial agency.—The term “financial agency” means the following:
(A) The Bureau of Consumer Financial Protection.
(B) The Department of Housing and Urban Development.
(C) The Department of the Treasury.
(D) The Federal Deposit Insurance Corporation.
(E) The Federal Housing Finance Agency.
(F) The Board of Governors of the Federal Reserve System.
(G) The National Credit Union Administration.
(H) The Office of the Comptroller of the Currency.
(I) The Securities and Exchange Commission.
(2) Guidance.—The term “guidance” means a financial agency statement of general applicability, intended to have a future effect on the behavior of regulated parties, that sets forth a policy on a statutory, regulatory, or technical issue, or an interpretation of a statute or regulation, but does not include—
(A) a rule promulgated pursuant to notice and comment under section 553 of title 5, United States Code;
(B) a rule exempt from rulemaking requirements under section 553(a) of title 5, United States Code;
(C) a rule of financial agency organization, procedure, or practice;
(D) a decision of a financial agency adjudication under section 554 of title 5, United States Code, or any similar statutory provision;
(E) internal guidance directed to the issuing financial agency or other agency that is not intended to have a substantial future effect on the behavior of regulated parties; or
(F) internal executive branch legal advice or legal opinions addressed to executive branch officials. Union Calendar No. 208
119th CONGRESS
1st Session
H. R. 4460
[Report No. 119-251]
A BILL
To require a guidance clarity statement on certain financial agency guidance, and for other purposes.
September 8, 2025
Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
Comments