GOOD Act Will Reform Regulatory Guidance from Federal Agencies ..

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Published: 2026-09-23T19:40:44.174Z • Permanent link

In a significant development, a bipartisan bill known as the "GOOD Act" has been introduced in the U.S. House of Representatives, aiming to reform regulatory guidance from federal agencies. The bill, spearheaded by Representative Chip Roy, has garnered substantial support from both parties, with over 50 co-sponsors already on board. According to data from the Congressional Budget Office, the bill is expected to cost approximately $150 million over the next decade, a relatively modest investment considering the vast scope of regulatory guidance provided by federal agencies.

Led by Senator John Thune, the bill's Senate counterpart, aims to streamline the regulatory process, reducing the time and cost associated with seeking guidance from federal agencies. According to a statement from Senator Thune's office, the bill seeks to address the "overly broad" and "burdensome" regulatory guidance provided by agencies such as the Federal Trade Commission and the Securities and Exchange Commission. Industry insiders have welcomed the move, citing the need for greater clarity and consistency in regulatory guidance.

Industry experts point to the example of the Financial Industry Regulatory Authority (FINRA), which has been criticized for its complex and often contradictory guidance on regulatory matters. According to data from FINRA, the organization has spent billions of dollars on regulatory compliance, a figure that has sparked concerns among industry insiders about the need for greater reform. By providing a clearer and more streamlined approach to regulatory guidance, the GOOD Act has the potential to significantly reduce the costs and complexity associated with regulatory compliance.

Regulatory guidance from federal agencies has a significant impact on companies operating in the financial sector. For example, the Securities and Exchange Commission's (SEC) guidance on matters such as insider trading and corporate governance has a direct impact on companies' bottom lines. According to a report from the National Association of Corporate Directors, companies that receive SEC guidance are more likely to experience increased stock prices and improved corporate governance. The GOOD Act has the potential to significantly impact these companies, providing a clearer and more streamlined approach to regulatory guidance.

Research communities have also welcomed the move, citing the need for greater consistency and clarity in regulatory guidance. According to a statement from the Brookings Institution, research institutions have long advocated for greater reform of regulatory guidance, arguing that it can have a significant impact on the accuracy and relevance of research findings. By providing a clearer and more streamlined approach to regulatory guidance, the GOOD Act has the potential to significantly improve the quality and relevance of research in this domain.

The GOOD Act is part of a larger pattern of reform efforts aimed at reducing the complexity and cost associated with regulatory guidance. According to data from the American Enterprise Institute, regulatory guidance from federal agencies has grown significantly over the past decade, with many agencies issuing complex and often contradictory guidance on matters such as financial regulation and corporate governance. Industry insiders have welcomed these efforts, citing the need for greater clarity and consistency in regulatory guidance.