To require financial regulatory agencies to annually review guidance issued, and for other purposes.
Financial Guidance Review Act of 2021
This bill requires specified financial regulatory agencies to annually review guidance issued by the agency to identify whether any such guidance may reasonably be anticipated to have an annual economic effect greater than or equal to $100 million. If so, the agency must revoke this guidance and provide public notice of the revocation. The agency must also report the results to Congress upon completion of any such review.
Introduced in House
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
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