# 117-hr-7151: Ensuring Sound Guidance Act

117-hr-7151, Ensuring Sound Guidance Act, is a 117th Congress bill sponsored by Rep. Barr, Andy [R-KY-6] (R-KY); status Referred to the Committee on Education and Labor, and in addition to the Committee on Financial Services, 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. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7151
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7151
- Congress: 117
- Title: Ensuring Sound Guidance Act
- Status: Referred to the Committee on Education and Labor, and in addition to the Committee on Financial Services, 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.
- Introduced: 2022-03-18
- Sponsor: Rep. Barr, Andy [R-KY-6] (R-KY)
- Cosponsors: 25
- Policy area: Labor and Employment
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (25)

- Rep. Allen, Rick W. [R-GA-12] (R-GA), 2022-03-18T00:00:00.000Z
- Rep. Stefanik, Elise M. [R-NY-21] (R-NY), 2022-03-31T00:00:00.000Z
- Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA), 2022-04-14T00:00:00.000Z
- Rep. Green, Mark E. [R-TN-7] (R-TN), 2022-06-14T00:00:00.000Z
- Rep. Graves, Garret [R-LA-6] (R-LA), 2022-06-15T00:00:00.000Z
- Sen. Banks, Jim [R-IN] (R-IN), 2022-06-23T00:00:00.000Z
- Rep. Hudson, Richard [R-NC-9] (R-NC), 2022-06-23T00:00:00.000Z
- Rep. Carey, Mike [R-OH-15] (R-OH), 2022-06-23T00:00:00.000Z
- Rep. Weber, Randy K. Sr. [R-TX-14] (R-TX), 2022-06-23T00:00:00.000Z
- Rep. Comer, James [R-KY-1] (R-KY), 2022-07-15T00:00:00.000Z
- Rep. Williams, Roger [R-TX-25] (R-TX), 2022-07-15T00:00:00.000Z
- Rep. Pfluger, August [R-TX-11] (R-TX), 2022-07-15T00:00:00.000Z
- Rep. Babin, Brian [R-TX-36] (R-TX), 2022-07-15T00:00:00.000Z
- Rep. Mooney, Alexander X. [R-WV-2] (R-WV), 2022-07-15T00:00:00.000Z
- Rep. Fulcher, Russ [R-ID-1] (R-ID), 2022-07-26T00:00:00.000Z
- Rep. Huizenga, Bill [R-MI-4] (R-MI), 2022-08-12T00:00:00.000Z
- Rep. Rose, John W. [R-TN-6] (R-TN), 2022-08-12T00:00:00.000Z
- Rep. Donalds, Byron [R-FL-19] (R-FL), 2022-09-15T00:00:00.000Z
- Rep. Gooden, Lance [R-TX-5] (R-TX), 2022-09-15T00:00:00.000Z
- Rep. Joyce, David P. [R-OH-14] (R-OH), 2022-09-15T00:00:00.000Z
- Rep. Wagner, Ann [R-MO-2] (R-MO), 2022-09-15T00:00:00.000Z
- Rep. Owens, Burgess [R-UT-4] (R-UT), 2022-09-15T00:00:00.000Z
- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2022-09-30T00:00:00.000Z
- Rep. Wenstrup, Brad R. [R-OH-2] (R-OH), 2022-11-14T00:00:00.000Z
- Rep. Reschenthaler, Guy [R-PA-14] (R-PA), 2022-11-18T00:00:00.000Z

## Related bills

- 117-hjres-65: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "COVID-19…
- 117-hres-548: Denouncing the horrors of socialism.
- 117-hr-5854: Illegal Immigrant Payoff Prohibition Act
- 117-hr-18: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2021
- 117-hr-619: Born-Alive Abortion Survivors Protection Act
- 117-hr-38: Concealed Carry Reciprocity Act

## Sources
- [117-hr-7151 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7151)

## Related
- [117-hjres-65: Providing for congressional disapproval under chapter 8 of title 5, United Stat…](https://policyrisk.com/legislation/117-hjres-65)
- [117-hres-548: Denouncing the horrors of socialism.](https://policyrisk.com/legislation/117-hres-548)
- [117-hr-5854: Illegal Immigrant Payoff Prohibition Act](https://policyrisk.com/legislation/117-hr-5854)
- [117-hr-18: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/117-hr-18)
- [117-hr-619: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/117-hr-619)
- [117-hr-38: Concealed Carry Reciprocity Act](https://policyrisk.com/legislation/117-hr-38)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7151 (as of 2025-11-18).