HR5673-118

Introduced

To advance responsible policies.

118th Congress Introduced Sep 22, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To advance responsible policies., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Labor, Immigration.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H1F397B7556FA4B20979CE8C42734E3C9: 1. Short title This Act may be cited as the Responsible Legislating Act.
  • Section HD586430C595B4CAA9D124678A02A8AF7: 101. Livestock mandatory reporting extension Section 260 of the Agricultural Marketing Act of 1946 (7 U.S.C. 1636i) is amended by striking 2023 and inserting...
  • Section H2021DD413AB648A093FDA0231E79D842: 201. Education for separating members of the armed forces regarding registered apprenticeships Section 1144(b)(1) of title 10, United States Code, is amended...
  • Section H93753E7BD04B439DB956393AD51F1D11: 202. Websites regarding apprenticeship programs The Assistant Secretary of Labor for Veterans’ Employment and Training, in coordination with the Secretary of...
  • Section H647A8679DC5841838FDAF4405247475E: 301. Sense of congress It is the sense of Congress that— it is in the best national and homeland security interests of the United States for Federal agencies...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To advance responsible policies., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Labor, Immigration

Primary Purpose

This bill, To advance responsible policies., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Labor Immigration

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers:
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies:
financial institutions, investors, and borrowers:

Legislative Progress

Introduced
Introduced Committee Passed
Sep 22, 2023

Mr. McGovern introduced the following bill; which was referred to …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Labor Immigration
Actor Mappings
"secretary_of_labor"
→ Secretary of Labor
"secretary_of_treasury"
→ Secretary of the Treasury

Key Definitions

Terms defined in this bill

5 terms
"unenrolled participant" §H08FEE8E0B70142A9AA240921C44DF7EB

an employee who— is eligible to participate in an individual account plan

"unenrolled participant" §H1D968D44A70744E2B79BFA20ADF987BA

an employee who— is eligible to participate in an individual account plan

"covered position" §H2410E4A0C54248788AE9D7512C4CF8CB

a position as— a law enforcement officer described in section 8331(20) or 8401(17) of title 5, United States Code

"exchange-traded fund" §H42E51A7542AA4BEEACF0202A207A7E24

a regulated investment company, partnership, or trust— that is registered with the Securities and Exchange Commission as an open-end investment company or a unit investment trust

"eligible inadvertent failure" §HA79E0DDD740B4EACA7EB997CA80B789C

a failure that occurs despite the existence of practices and procedures which— satisfy the standards set forth in section 4.04 of Revenue Procedure 2021–30 (or any successor guidance)

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology