A Democratic bill with no cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The GUIDANCE Act of 2026 aims to restore several rules and guidances previously submitted by the Bureau of Consumer Financial Protection for withdrawal. This legislation declares that various specific Bureau rules and circulars shall have no force or effect regarding their withdrawal. By nullifying the withdrawal actions, the bill effectively reinstates the original guidance and rules. These provisions cover a wide range of consumer financial topics, including credit reporting, debt collection, and overdraft practices.
Yes· 3 of 9
- Scored +7
Does this give people more protection from unfair business practices?
The bill restores several Bureau rules designed to protect consumers from deceptive marketing, unfair debt collection, and improper overdraft practices.
- Scored +6
Would households on low incomes be better off under this?
The bill restores protections against improper overdraft fees, debt collection practices, and medical debt reporting.
- Scored +6
Does this give people more control over their personal data?
The bill restores guidance regarding insufficient data protection and security for sensitive consumer information.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protection of Sensitive Information: Restoring the rule regarding insufficient data protection or security for sensitive consumer information could benefit individuals by maintaining standards for data safety (Section 2, Paragraph 2).
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Support for Military Families: Reinstating the rule regarding examinations for risks to active-duty servicemembers and their covered dependents provides specific oversight for those in military service (Section 2, Paragraph 3).
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Debt Collection Protections: Restoring rules related to debt collection practices, including medical debt and in-person collections, could protect consumers from certain collection methods (Section 2, Paragraph 4 and Paragraph 12).
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Overdraft and Banking Protections: Reinstating guidance on improper overdraft opt-in practices and the reopening of previously closed deposit accounts could provide more stability for consumers' bank accounts (Section 2, Paragraph 5 and Paragraph 15).
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Whistleblower Protections: Restoring circulars regarding whistleblower protections helps ensure people can report issues under the CFPA (Section 2, Paragraph 6).
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Fair Credit and Lending: Various provisions regarding the Fair Credit Reporting Act, lending discrimination, and the ability-to-repay rule aim to ensure fairer treatment in credit and lending markets (Section 2, Paragraph 1, Paragraph 7, and Paragraph 9).
Potential Negative Impacts for People
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Uncertainty in Credit Reporting: The bill restores various rules related to the Fair Credit Reporting Act, including those regarding permissible purposes for furnishing reports and name-only matching procedures, which could impact how consumer data is handled (Section 2, Paragraph 11 and Paragraph 17).
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Changes to Credit Terms: Reinstating rules regarding revocations or unfavorable changes to the terms of existing credit arrangements could impact how credit arrangements are modified (Section 2, Paragraph 10).
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Marketing and Contract Rules: Restoring guidance on negative option marketing practices and unlawful contract terms could impact how businesses market to and contract with consumers (Section 2, Paragraph 21 and Paragraph 23).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — The bill restores protections against improper overdraft fees, debt collection practices, and medical debt reporting. Would middle-income households be better off under this? — The bill restores various consumer financial protections related to credit reporting and banking practices. Would veterans be better off under this, taking everything together? — The bill restores oversight for risks to active-duty servicemembers and their dependents. Would people in their twenties and thirties be better off under this? — The bill restores protections regarding student loan debt collection practices after bankruptcy.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The bill restores several Bureau rules designed to protect consumers from deceptive marketing, unfair debt collection, and improper overdraft practices.
- Education And Technology
- Does this give people more control over their personal data? — The bill restores guidance regarding insufficient data protection and security for sensitive consumer information.
- National Security And Foreign Policy
- Does this increase the pay, pensions or support veterans receive? — The bill restores rules regarding examinations for risks to active-duty servicemembers and their covered dependents.
- Social Issues And Justice
- Does this narrow racial gaps in how people are treated? — The bill restores guidance related to lending discrimination which can impact racial equity in credit access.
- Healthcare
- Does this make health care easier to get in general? — The bill restores guidance regarding medical debt collection and consumer reporting requirements.
- 5/13/2026
- Referred to the House Committee on Financial Services.
- Introduced in House