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117-hr-7151117th Congress

Ensuring Sound Guidance Act

Sponsored By: Representative Barr, Andy [R-KY-6]

Unknown

Summary

Ensuring Sound Guidance Act This bill generally requires investment advisors and fiduciaries of employer-sponsored retirement plans to make investment decisions based only on pecuniary factors (i.e., factors that a fiduciary prudently determines are expected to have a material effect on the risk and return of an investment based on appropriate investment horizons consistent with the plan's policies and objectives). The bill allows nonpecuniary factors to be considered in certain situations, such as when a customer specifically requests that these factors be considered or when selecting investment options for certain participant-directed retirement plans.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Barr, Andy [R-KY-6]

KY • R

Cosponsors

  • Rep. Allen, Rick W. [R-GA-12]

    GA • R

    Sponsored 3/18/2022

  • Rep. Stefanik, Elise M. [R-NY-21]

    NY • R

    Sponsored 3/31/2022

  • Rep. Miller-Meeks, Mariannette [R-IA-1]

    IA • R

    Sponsored 4/14/2022

  • Rep. Green, Mark E. [R-TN-7]

    TN • R

    Sponsored 6/14/2022

  • Rep. Graves, Garret [R-LA-6]

    LA • R

    Sponsored 6/15/2022

  • Sen. Banks, Jim [R-IN]

    IN • R

    Sponsored 6/23/2022

  • Rep. Hudson, Richard [R-NC-9]

    NC • R

    Sponsored 6/23/2022

  • Rep. Carey, Mike [R-OH-15]

    OH • R

    Sponsored 6/23/2022

  • Rep. Weber, Randy K. Sr. [R-TX-14]

    TX • R

    Sponsored 6/23/2022

  • Rep. Comer, James [R-KY-1]

    KY • R

    Sponsored 7/15/2022

  • Rep. Williams, Roger [R-TX-25]

    TX • R

    Sponsored 7/15/2022

  • Rep. Pfluger, August [R-TX-11]

    TX • R

    Sponsored 7/15/2022

  • Rep. Babin, Brian [R-TX-36]

    TX • R

    Sponsored 7/15/2022

  • Rep. Mooney, Alexander X. [R-WV-2]

    WV • R

    Sponsored 7/15/2022

  • Rep. Fulcher, Russ [R-ID-1]

    ID • R

    Sponsored 7/26/2022

  • Rep. Huizenga, Bill [R-MI-4]

    MI • R

    Sponsored 8/12/2022

  • Rep. Rose, John W. [R-TN-6]

    TN • R

    Sponsored 8/12/2022

  • Rep. Donalds, Byron [R-FL-19]

    FL • R

    Sponsored 9/15/2022

  • Rep. Gooden, Lance [R-TX-5]

    TX • R

    Sponsored 9/15/2022

  • Rep. Joyce, David P. [R-OH-14]

    OH • R

    Sponsored 9/15/2022

  • Rep. Wagner, Ann [R-MO-2]

    MO • R

    Sponsored 9/15/2022

  • Rep. Owens, Burgess [R-UT-4]

    UT • R

    Sponsored 9/15/2022

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 9/30/2022

  • Rep. Wenstrup, Brad R. [R-OH-2]

    OH • R

    Sponsored 11/14/2022

  • Rep. Reschenthaler, Guy [R-PA-14]

    PA • R

    Sponsored 11/18/2022

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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