SAFE Guidance Act
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Summary
The SAFE Guidance Act requires nine specified financial agencies to include a prominent disclaimer on all future guidance documents stating that the guidance does not have the force of law, does not establish binding rights or obligations, and noncompliance does not conclusively establish a violation. The bill defines 'guidance' to exclude formal rules, adjudications, internal communications, and legal advice, applying the requirement only to statements of general applicability intended to affect regulated parties' behavior.
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