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H.R. 8777

U.S. House•In House Committee

Summary

H.R. 8777, the GUIDANCE Act of 2026, was introduced in the House on May 13, 2026 by Rep. Maxine Waters (D). It was referred to Financial Services, and last saw action on May 13, 2026: Referred to the House Committee on Financial Services.

Record

Text

H.R. 8777 has no co-sponsors and has not gone to a roll call.

hb8777/introduced-in-house.txt
119 HR 8777 IH: Guidance Upholding Integrity through Defense of Americans’ National Consumer Enforcement Act of 2026
 U.S. House of Representatives
 2026-05-13
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 8777  IN THE HOUSE OF REPRESENTATIVES   May 13, 2026   Ms. Waters  introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To restore certain guidance and rules of the Bureau of Consumer Financial Protection.
1.
Short title
This Act may be cited as the   Guidance Upholding Integrity through Defense of Americans’ National Consumer Enforcement Act of 2026   or the   GUIDANCE Act of 2026  .
2.
Restoration of guidance and rules
The following shall have no force or effect:
(1)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  The Fair Credit Reporting Act's Limited Preemption of State Laws (87 Fed. Reg. 41042 (July 11, 2022))  (90 Fed. Reg. 20084 (May 12, 2025)).
(2)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Consumer Financial Protection Circular 2022–04: Insufficient Data Protection or Security for Sensitive Consumer Information (87 Fed. Reg. 54346 (August 6, 2022))  (90 Fed. Reg. 20084 (May 12, 2025)).
(3)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents (86 Fed. Reg. 32723 (June 23, 2021))  (90 Fed. Reg. 20084 (May 12, 2025)).
(4)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Debt Collection Practices (Regulation F); Deceptive and Unfair Collection of Medical Debt (89 Fed. Reg. 80715 (October 4, 2024))  (90 Fed. Reg. 20084 (May 12, 2025)).
(5)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Consumer Financial Protection Circular 2024–05: Improper Overdraft Opt-In Practices (89 Fed. Reg. 80075 (October 2, 2024))  (90 Fed. Reg. 20084 (May 12, 2025)).
(6)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Consumer Financial Protection Circular 2024–04: Whistleblower Protections Under CFPA Section 1057 (89 Fed. Reg. 65170 (August 9, 2024))  (90 Fed. Reg. 20084 (May 12, 2025)).
(7)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Bulletin 2012–04: Lending discrimination (April 18, 2012)  (90 Fed. Reg. 20084 (May 12, 2025)).
(8)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed (89 Fed. Reg. 68086 (August 23, 2024))  (90 Fed. Reg. 20084 (May 12, 2025)).
(9)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest (79 Fed. Reg. 41631 (July 17, 2014))  (90 Fed. Reg. 20084 (May 12, 2025)).
(10)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements (87 Fed. Reg. 30097 (May 18, 2022))  (90 Fed. Reg. 20084 (May 12, 2025)).
(11)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports (87 Fed. Reg. 41243 (July 12, 2022))  (90 Fed. Reg. 20084 (May 12, 2025)).
(12)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Bulletin 2015–07 re: in-person collection of consumer debt (December 16, 2015))  (90 Fed. Reg. 20084 (May 12, 2025)).
(13)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Bulletin 2022–01: Medical Debt Collection and Consumer Reporting Requirements in Connection with the No Surprises Act (87 Fed. Reg. 3025 (January 20, 2022))  (90 Fed. Reg. 20084 (May 12, 2025)).
(14)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Bulletin 2022–06: Unfair Returned Deposited Item Fee Assessment Practices (87 Fed. Reg. 66940 (November 7, 2022))  (90 Fed. Reg. 20084 (May 12, 2025)).
(15)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Consumer Financial Protection Circular 2023–02: Reopening Deposit Accounts That Consumers Previously Closed (88 Fed. Reg. 33545 (May 24, 2023))  (90 Fed. Reg. 20084 (May 12, 2025)).
(16)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Consumer Financial Protection Circular 2024–02: Deceptive Marketing Practices About the Speed or Cost of Sending a Remittance Transfer (89 Fed. Reg. 27357 (April 17, 2024))  (90 Fed. Reg. 20084 (May 12, 2025)).
(17)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Fair Credit Reporting; Name-Only Matching Procedures, 86 Fed. Reg. 62468 (November 10, 2021)  (90 Fed. Reg. 20084 (May 12, 2025)).
(18)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Statement of Policy Regarding Prohibition on Abusive Acts or Practices (88 Fed. Reg. 21883 (April 12, 2023))  (90 Fed. Reg. 20084 (May 12, 2025)).
(19)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Consumer Financial Protection Circular 2022–07: Reasonable Investigation of Consumer Reporting Disputes (87 Fed. Reg. 71507 (November 23, 2022))  (90 Fed. Reg. 20084 (May 12, 2025)).
(20)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Bulletin 2023–01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts (88 Fed. Reg. 17366 (March 23, 2023))  (90 Fed. Reg. 20084 (May 12, 2025)).
(21)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Consumer Financial Protection Circular 2023–01: Unlawful Negative Option Marketing Practices (88 Fed. Reg. 5727 (January 30, 2023))  (90 Fed. Reg. 20086 (May 12, 2025)).
(22)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Fair Credit Reporting; File Disclosure (89 Fed. Reg. 4167 (January 23, 2024))  (90 Fed. Reg. 20084 (May 12, 2025)).
(23)
The rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to  Consumer Financial Protection Circular 2024–03: Unlawful and Unenforceable Contract Terms and Conditions (89 Fed. Reg. 51955 (June 21, 2024))  (90 Fed. Reg. 20084 (May 12, 2025)).

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-05-13
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To restore certain guidance and rules of the Bureau of Consumer Financial Protection.

Sponsors

Rep. Maxine Waters (D) sponsors H.R. 8777 alone.

Committees

H.R. 8777 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · May 13, 2026 · 559 Bills

Actions

H.R. 8777 has taken 2 actions since May 13, 2026.

ChamberAction
May 13, 2026
House
Introduced in House
May 13, 2026
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.R. 8777 has not gone to a roll call.

Titles

H.R. 8777 goes by 4 titles, 2 of them short titles.

  • GUIDANCE Act of 2026 — Display Title
  • To restore certain guidance and rules of the Bureau of Consumer Financial Protection. — Official Title as Introduced
  • GUIDANCE Act of 2026 — Short Title(s) as Introduced
  • Guidance Upholding Integrity through Defense of Americans’ National Consumer Enforcement Act of 2026 — Short Title(s) as Introduced

Lobbying

1 client hired 1 firm and 6 registered lobbyists who named H.R. 8777 in 1 quarterly filing, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Agriculture, Automotive Industry, Banking, Consumer Issues/Safety/Products, Disaster Planning/Emergencies, Financial Institutions/Investments/Securities, Insurance, Science/Technology.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES11—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
ANTHONY COTTO111
JAMES GRANDE111
KATHERINE DUVENECK111
NICHOLAS BOUKNIGHT111
ROBERT MCCARTY111
WILLIAM SEABROOK111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIESNATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES2026 second_quarter$540K2nd Quarter - Report

Classification

The Congressional Research Service files H.R. 8777 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 8777’s is Finance and Financial Sector.

hr8777/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 8777, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 81 (Wednesday, May 13, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. WATERS:H.R. 8777.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, cl. 1, To pay debts and provide forthe common Defense and General Welfare of the United States.Article I, Section 8 cl. 3, To regulate Commerce withForeign Nations, Among the Several States, and with theIndian Tribes.Article I, Section 8, cl. 18, To make all laws which shallbe necessary and proper for carrying into Execution thepowers enumerated under section 8 and all other Powers vestedby the Constitution in the Government of the United States,or in any Department or Officer thereof.[Page H3453]

Source: congress.gov · legiscan.com