Rep. Mooney Introduces the Financial Guidance Review Act
July 01, 2021
July 01, 2021
WASHINGTON, July 1 -- Rep. Alex Mooney, R-West Virginia, issued the following news release:
Congressman Alex X. Mooney (R-WV) introduced the Financial Guidance Review Act (H.R. 4232). This legislation requires financial regulators to conduct an annual review ensuring that non-binding guidance does not have costly and harmful economic effects.
"No guidance should have substantial economic effects, and guidance should not be used as an end-around the normal rulemakin . . .
Congressman Alex X. Mooney (R-WV) introduced the Financial Guidance Review Act (H.R. 4232). This legislation requires financial regulators to conduct an annual review ensuring that non-binding guidance does not have costly and harmful economic effects.
"No guidance should have substantial economic effects, and guidance should not be used as an end-around the normal rulemakin . . .