United States · Bill · HR
H.R. 7151 (117th)
Ensuring Sound Guidance Act
Introduced
18 March 2022
Last action
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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.
Sponsors
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Subjects
Discovery layer
Source updated
21 July 2025
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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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 18 March 2022
Introduced in House (PDF)
Introduced in House · EN · 18 March 2022
Introduced in House
summary · EN · 18 March 2022
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/7151
- Open data entity: https://api.congress.gov/v3/bill/117/hr/7151