HR7314-119

In Committee

Advancing Commonsense Policies Act

119th Congress Introduced Feb 2, 2026

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, Advancing Commonsense Policies Act, 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 HB052260998ED4417B75C2489EE8FA7BF: 1. Short title This Act may be cited as the Advancing Commonsense Policies Act.
  • Section H67DA920601A0470A973A8749C2A36354: 101. Livestock mandatory reporting extension Section 260 of the Agricultural Marketing Act of 1946 (7 U.S.C. 1636i) is amended by striking 2024 and inserting...
  • Section H067F44230BF94EC38F1DD442480D7A70: 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 H0EB90559B6E04ADBA0567EE1FB0B05D3: 202. Websites regarding apprenticeship programs The Assistant Secretary of Labor for Veterans’ Employment and Training, in coordination with the Secretary of...
  • Section HD7901DFA2BDC40FD97BDEFA46820D1ED: 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, Advancing Commonsense Policies Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Labor, Immigration

Primary Purpose

This bill, Advancing Commonsense Policies Act, 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

In Committee
Introduced Committee Passed
May 20, 2026

Referred to the Subcommittee on Livestock, Dairy, and Poultry.

Feb 2, 2026

Referred to the Committee on Ways and Means, and in …

Feb 2, 2026

Introduced in House

Feb 2, 2026

Mr. Magaziner 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
"eligible inadvertent failure" §H072387F0269D4AAA863627AAE1F13243

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)

"covered position" §H4360D0B28BD440C091209317D87D065B

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

"unenrolled participant" §H6552DDD8DF614B258E0A646235B3ACDF

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

"exchange-traded fund" §H8068EE5538854B48AFCBC8E58426B22C

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

"unenrolled participant" §HB3088027F1F14E7E8459C3FAD9CD92A1

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

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