Federal Land Asset Inventory Reform Act of 2021 This bill directs the Department of the Interior to develop and maintain a current and accurate multipurpose cadastre (inventory) of federal real property (excluding Indian land) to support federal land management activities on federal real property, including resource development and conservation and agricultural use. Interior may enter cost-sharing agreements with states to include nonfederal real property in the cadastre. Interior shall report on (1) existing real property inventories or any components of any cadastre of federal real property, (2) consolidation of inventories and components, (3) the use of existing inventories and components of any cadastre, (4) cost savings that will be achieved, (5) a plan for implementation of this bill, and (6) recommendations for legislation. Interior shall (1) make the multipurpose cadastre publicly available on the internet, and (2) ensure that such cadastre includes the identification of all lands suitable for disposal pursuant to the Federal Land Policy and Management Act of 1976.
American Security Drone Act of 2021 This bill bans the procurement or use by the federal government of unmanned aircraft systems (UAS) that are manufactured or assembled by certain entities, including entities subject to influence or control by China, with exceptions. The ban includes associated elements that are required for the operator to operate safely and efficiently in the national airspace system. The Department of Homeland Security, the Department of Defense, and the Department of Justice are exempt from the restriction under specified circumstances. The bill sets forth further exemptions regarding the Federal Aviation Administration, the National Transportation Safety Board, and the National Oceanic Atmospheric Administration. Federal funds may not be used to procure certain UAS from a foreign entity, with exceptions. All executive agencies must account for existing inventories of UAS manufactured or assembled by a foreign entity in their personal property accounting systems. Inventory data related to UAS manufactured or assembled by a foreign entity may be tracked at a classified level. The Federal Acquisition Regulatory Council shall prescribe regulations or guidance to implement this bill's requirements pertaining to federal contracts. Government-issued purchase cards may not be used to procure any UAS from a foreign entity. The Office of Management and Budget shall (1) establish a government-wide policy for the procurement of UAS, taking into account information security; and (2) contract with a federally funded research and development center to study certain UAS-related issues.
This joint resolution nullifies a Department of Labor rule concerning the fiduciary duties with respect to employee benefit plans. Under the rule issued on December 1, 2022, plan fiduciaries may consider climate change and other environmental, social, and governance factors when they make investment decisions and when they exercise shareholder rights, including voting on shareholder resolutions and board nominations.
HRES 1525 is a non-binding House resolution condemning antisemitism spread by public figures, celebrities, and officials on social media. It cites the Anti-Defamation League’s report of 2,717 antisemitic incidents in 2021 (a 34% increase from 2020) and urges influential people to use their platforms to speak out against antisemitism. The resolution calls for unity with Jewish communities and emphasizes the need for Holocaust education to combat rising hate. As a symbolic measure, it does not create new laws or penalties but formally expresses the House’s stance against antisemitic rhetoric.
Continuity for Operators with Necessary Training Required for ATC Contract Towers Act of 2021 or the CONTRACT Act of 2021 This bill exempts certain air traffic controllers from a required reduction in their retirement annuity payment on account of earnings from certain work performed while entitled to such annuity. Under current law, retired Federal Aviation Administration air traffic controllers receive an annuity payment during the period between the mandatory retirement age of 56 and the Social Security minimum age of 62. Such annuity payment is required to be reduced by a certain percentage of any excess earnings during this period. The bill exempts from such reduction in annuity payments an air traffic controller who participates in the Air Traffic Control Contract Program (a public-private partnership for air traffic control services) following mandatory retirement.
Consumer Information Notification Requirement Act This bill requires federal financial regulators to set forth rules regarding data breaches. Specifically, these rules must require financial institutions, banks, and other specified entities to notify customers of breaches likely to result in identity theft, fraud, or economic loss.
Pharmacy Benefit Manager Transparency Act of 2022 This bill generally prohibits pharmacy benefit managers (PBMs) from engaging in certain practices when managing the prescription drug benefits under a health insurance plan, including charging the plan a different amount than the PBM reimburses the pharmacy. The bill also prohibits PBMs from arbitrarily, unfairly, or deceptively (1) clawing back reimbursement payments, or (2) increasing fees or lowering reimbursements to pharmacies to offset changes to federally funded health plans. PBMs are not subject to these prohibitions if they (1) pass along 100% of any price concession or discount to the health plan, and (2) disclose specified costs, prices, reimbursements, fees, markups, discounts, and aggregate payments received with respect to their PBM services. Further, PBMs must report annually to the Federal Trade Commission (FTC) certain information about payments received from health plans and fees charged to pharmacies. The FTC and state attorneys general are authorized to enforce the provisions of the bill.
This bill expands the information allowed when calculating whether an acquisition or disposition of a subsidiary is significant for purposes of required financial disclosures by publicly traded companies. Currently, an acquisition or disposition is considered significant when the company's investment in the subsidiary is calculated to exceed 10% of the aggregate worldwide market value of the company's voting and non-voting common equity. Under the bill, this market value may additionally include applicable trading value, conversion value, or exchange value of all of the company's outstanding classes of stock, including preferred stock and non-traded common shares that are convertible into or exchangeable for traded common shares.
Review the Expansion of Government Act or as the REG Act This bill requires the Securities and Exchange Commission to periodically review final rules to determine if a revision, including a repeal, of a rule is (1) necessary to ensure the rule is authorized under law; (2) necessary to comply with the law; or (3) necessary or appropriate to facilitate capital formation, to maintain fair and orderly markets, or to protect investors.
Putting Investors First Act of 2022 This bill requires a proxy advisory firm to register with the Securities and Exchange Commission and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting advice, research, analysis, or recommendations to any client. With respect to these firms, the bill (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and publicly disclose conflicts of interest; (3) allows issuers to assess and comment on proxy voting recommendations; and (4) prohibits unfair, coercive, or abusive practices. The bill establishes a private right of action against a proxy advisory firm that endorses an approved proposal that is not supported by the issuer and is found to be illegal.
Stamp Out Invasive Species Act This bill directs the U.S. Postal Service to issue and sell a Combating Invasive Species Semipostal Stamp. Proceeds from the sale of the stamp must be transferred in equal proportion to the Department of the Interior and the Department of Agriculture for combating invasive species. (Invasive species are nonnative species whose introduction poses a serious threat to natural ecosystems and causes detrimental economic damage to local communities.) The stamp must be made available to the public for two years.
This joint resolution nullifies the interim final rule issued by the Department of Veterans Affairs (VA) titled Reproductive Health Services and published on September 9, 2022. The rule authorizes the VA to provide certain abortion-related care to veterans. The rule also applies to such care provided to beneficiaries covered under the Civilian Health and Medical Program of the Department of Veterans Affairs (CHAMPVA).
