# 119-hr-4460: SAFE Guidance Act

119-hr-4460, SAFE Guidance Act, is a 119th Congress bill sponsored by Rep. Meuser, Daniel [R-PA-9] (R-PA); status in_committee; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4460
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4460
- Congress: 119
- Title: SAFE Guidance Act
- Status: in_committee
- Introduced: 2025-07-16
- Sponsor: Rep. Meuser, Daniel [R-PA-9] (R-PA)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Require major financial regulators to label new guidance as nonbinding.** The SAFE Guidance Act would force the heads of key financial agencies to put a clear statement on new guidance saying it has no force of law, does not create rights or obligations, and is not binding. - Agency leaders would have to place a prominent “guidance clarity statement” on the first page of any guidance issued after enactment. The statement must say the guidance is not binding and noncompliance does not conclusively indicate a legal violation. - Regulated firms and market participants would see explicit notice that agency guidance is advisory, not a substitute for statutes or formal rules. That makes the advisory status of post-enactment guidance clearer for banks, lenders, securities firms, and other regulated parties. - The bill names nine financial agencies and defines what counts as "guidance" while excluding formal rules, adjudications, internal agency-only documents, and certain executive-branch legal advice. It applies only to guidance issued after enactment and imposes no funding, enforcement, or penalties beyond the labeling requirement.

## Provisions PRIA read

- Clear labels on financial regulator guidance: benefit, medium. If enacted, major financial regulators would have to put a clear disclaimer on the first page of any new guidance. It would say the guidance is not law, does not create rights or duties, and is not binding. It would also say that not following the guidance does not automatically mean a legal violat…

## Related bills

- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-137: TCJA Permanency Act
- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-2570: Maximum Pressure Act
- 119-hr-6955: Main Street Capital Access Act

## Sources
- [119-hr-4460 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4460)

## Related
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-2570: Maximum Pressure Act](https://policyrisk.com/legislation/119-hr-2570)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4460 (as of 2026-09-21).