House committee approves SAFEGUARDS Act of 2026
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The House Committee on Ways and Means has ordered the SAFEGUARDS Act of 2026 to be reported. This means a committee has voted to send the bill forward to the full House of Representatives for a potential vote.
Why it matters: This is a procedural step in the legislative process; the bill has cleared a committee hurdle but has not yet been voted on by the full House of Representatives.
Who it affects
- Financial institutions subject to federal reporting requirements
This information comes from Congress.gov regarding a bill moving through the House; readers should consult the official text for specific statutory changes before relying on it.
Agency: House
Source: Congress.gov — read the official document