It is now standard in the literature on reasons and rationality to distinguish normative reasons from motivating reasons. Two issues have dominated philosophical theorising concerning the latter: (i) whether we should think of them as certain (nonfactive) psychological states of the agent—the dispute over Psychologism; and (ii) whether we should say that the agent can ϕfor the reason that p only if p—the dispute over Factivism. This paper first introduces a puzzle: these disputes look very much like merely verbal disputes about the meaning of phrases like ‘S’s reason’ in motivating reasons ascriptions, and yet charity requires us to think that something substantive is afoot. But what? The second aim of the paper is to extract substantive th...