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H.R. 4460119th CongressPlaced on the calendarLatest action Sep 8, 2025Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
The SAFE Guidance Act would make financial regulators state clearly that their guidance isn't legally binding.
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HR 4460, the "SAFE Guidance Act," would require financial regulatory agencies to add a prominent disclaimer to any guidance documents they issue. The disclaimer must state the guidance is not legally binding, creates no rights or obligations, and that failing to follow it doesn't automatically mean a law was broken.
The bill covers agencies including the CFPB, Treasury Department, Federal Reserve, FDIC, SEC, and other banking and housing regulators. It primarily affects banks, credit unions, mortgage lenders, and investment firms that rely on this guidance, with indirect effects on consumers.
The change would clarify the legal weight of informal guidance versus formal regulations, which go through public notice-and-comment procedures. Agencies would retain the ability to issue guidance but would have to label it clearly.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 208.