# 119-hr-8777: GUIDANCE Act of 2026

119-hr-8777, GUIDANCE Act of 2026, is a 119th Congress bill sponsored by Rep. Waters, Maxine [D-CA-43] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8777
- 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-8777
- Congress: 119
- Title: GUIDANCE Act of 2026
- Status: introduced
- Introduced: 2026-05-13
- Sponsor: Rep. Waters, Maxine [D-CA-43] (D-CA)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Restoring consumer financial protections** is the bill's main aim. It would nullify a set of CFPB rule withdrawals and reinstate numerous guidance and rules covering credit reporting, debt collection, overdraft opt-in, and data security. - Consumers would regain a range of protections, including tighter rules on credit reporting, limits on medical-debt reporting and collection, and guidance on overdraft opt-in and reopening closed deposit accounts. - Active-duty servicemembers and their covered dependents would see restored CFPB examinations and safeguards targeted at risks to military families. - Banks, debt collectors, and other financial firms would again face the guidance and enforcement expectations in those restored rules, including whistleblower protections and limits on unfair or deceptive contract and collection practices.

## Provisions PRIA read

- Restore consumer financial protections: benefit, high. This bill would undo the CFPB withdrawals published May 12, 2025 (90 Fed. Reg. 20084 and 20086). It would put back many prior CFPB guidance letters, bulletins, and circulars issued from 2012–2024. Consumers would regain protections on debt collection and medical‑debt practices, credit reporting and…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6771: Housing Crisis Response Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hres-1299: Providing for the concurrence by the House in the Senate amendment to H.R. 6644, with amendment.
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026

## Sources
- [119-hr-8777 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8777)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6771: Housing Crisis Response Act of 2025](https://policyrisk.com/legislation/119-hr-6771)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hres-1299: Providing for the concurrence by the House in the Senate amendment to H.R. 6644…](https://policyrisk.com/legislation/119-hres-1299)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8777 (as of 2026-09-21).