H.R. 7151 · 117th Congress
Ensuring Sound Guidance Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BarrSponsor25 cosponsors · 25 R
R
Allen
ES
R
Stefanik
MM
R
Miller-Meeks
MG
R
Green
GG
R
Graves
JB
R
Banks
MC
R
Carey
RH
R
Hudson
RW
R
Weber
BB
R
Babin
JC
R
Comer
AM
R
Mooney
AP
R
Pfluger
RW
R
Williams
RF
R
Fulcher
BH
R
Huizenga
JR
R
Rose
BD
R
Donalds
LG
R
Gooden
DJ
R
Joyce
BO
R
Owens
AW
R
Wagner
DM
R
Meuser
BW
R
Wenstrup
GR
R
Reschenthaler1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · Mar 18, 2022
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Ensuring Sound Guidance Act
Latest action (Mar 18, 2022): 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.
Policy area: Labor and Employment · Origin: House · Introduced: Mar 18, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.