,,ib ,union ,calendar ,no4 #bjh #aaith  
,,congress  #ast ,session  ,h4 ,r4 #ddfj
 ,report ,no4 #aai-bea ,,in ,,the       
,,house ,,of ,,representatives  ,july   
#af1 #bjbe,mr4 ,meuser introduced the   
following bill2 which was referred to   
the ,committee on ,financial ,services  
,september #h1 #bjbe;,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 guidance1 and for other
 purposes4  #a4 ,short title ,this ,act 
may be cited as the ,stop ,agency ,fiat 
,enforcement of ,guidance ,act or the   
,,safe ,guidance ,act4  #b4 ,guidance   
clarity statement required  7a7 ,in     
general ,the head of each financial     
agency shall include a guidance clarity 
statement as described in subsection 7b7
 on any guidance issued by that         
financial agency on and after the date  
of the enactment of this ,act4  7b7     
,guidance clarity statement ,a guidance 

clarity statement required under        
subsection 7a7 shall be displayed       
prominently on the first page of the    
document and shall include the          
following3 ,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 public4   
,if this guidance suggests how regulated
 entities may comply with applicable    
statutes or regulations1 noncompliance  
with this guidance does not conclusively
 establish a violation of applicable    
law44  7c7 ,definitions ,in this        
section3 7#a7 ,financial agency ,the    
term financial agency means the         
following3 7,a7 ,the ,bureau of         
,consumer ,financial ,protection4  7,b7 
,the ,department of ,housing and ,urban 
,development4  7,c7 ,the ,department of 
the ,treasury4  7,d7 ,the ,federal      
,deposit ,insurance ,corporation4  7,e7 
,the ,federal ,housing ,finance ,agency4
  7,f7 ,the ,board of ,governors of the 

,federal ,reserve ,system4  7,g7 ,the   
,national ,credit ,union                
,administration4  7,h7 ,the ,office of  
the ,comptroller of the ,currency4  7,i7
 ,the ,securities and ,exchange         
,commission4  7#b7 ,guidance ,the term  
guidance means a financial agency       
statement of general applicability1     
intended to have a future effect on the 
behavior of regulated parties1 that sets
 forth a policy on a statutory1         
regulatory1 or technical issue1 or an   
interpretation of a statute or          
regulation1 but does not include-- 7,a7 
a rule promulgated pursuant to notice   
and comment under section #eec of title 
#e1 ,united ,states ,code2  7,b7 a rule 
exempt from rulemaking requirements     
under section #eec7;a7 of title #e1     
,united ,states ,code2  7,c7 a rule of  
financial agency organization1          
procedure1 or practice2  7,d7 a decision
 of a financial agency adjudication     
under section #eed of title #e1 ,united 
,states ,code1 or any similar statutory 

provision2  7,e7 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 parties2 or  7,f7
 internal executive branch legal advice 
or legal opinions addressed to executive
 branch officials4  ,september #h1      
#bjbe;,committed to the ,committee of   
the ,whole ,house on the ,state of the  
,union and ordered to be printed