Rep. Young Kim

Maddy summaryHR 1198, the Understanding the True Cost of College Act of 2023, requires colleges and universities receiving federal financial aid to provide standardized financial aid offer forms to all students applying for aid. These forms must clearly break down total college costs (including tuition, housing, food, books, and transportation) and show the net price after subtracting non-repayable grants and scholarships. The bill mandates that loan information be clearly labeled as repayable, with details about interest rates, repayment options, and the distinction between subsidized and unsubsidized loans. This standardization aims to make financial aid offers more transparent and easier for students and families to understand when making college affordability decisions.

Maddy summaryHR 1177, the Financial Freedom Act of 2023, amends pension plan rules to expand participant control over individual retirement accounts. It allows plan fiduciaries to offer a broad range of investment choices without being required to select specific options, as long as participants can choose how to allocate their funds. The bill specifically protects "self-directed brokerage windows" by preventing regulators from restricting the investments available through them and clarifies that using such options doesn't violate standard fiduciary duties like diversification or prudence. This directly affects workers in defined contribution pension plans with individual accounts who want more direct control over their investment choices.

This resolution states that the House of Representatives opposes South Africa's hosting of military exercises with China and Russia in February 2023. The resolution calls on the government of South Africa to (1) cancel all future military exercises with China and Russia and (2) rejoin U.S.-led exercises. Additionally, the resolution calls on the Biden administration to conduct a review of the status of the United States-South Africa bilateral relationship.

CBDC Anti-Surveillance State Act This bill limits the ability of the Federal Reserve to (1) provide direct services to individuals, and (2) use a central bank digital currency. A central bank digital currency is a digital currency (e.g., Bitcoin or Ether) issued by a government-backed central bank. Specifically, the bill prohibits the Federal Reserve and the Federal Open Market Committee from using any central bank digital currency to implement monetary policy. In addition, a Federal Reserve bank is prohibited from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency directly to an individual. The Federal Reserve must (1) consult with each Federal Reserve bank with respect to any central bank digital currency study or pilot program, and (2) issue quarterly reports on the findings and determinations of any such study or program.

This bill redesignates as the Nancy Reagan Memorial Park the Gravelly Point Park located along the George Washington Memorial Parkway in Arlington County, Virginia.

Maddy summaryHR 1088, the Shirley Chisholm Congressional Gold Medal Act, authorizes a posthumous Congressional Gold Medal to honor Congresswoman Shirley Chisholm, the first African-American woman elected to Congress (1968) and the first Black candidate for a major party's presidential nomination (1972). The bill directs the Treasury Secretary to design and strike a gold medal featuring Chisholm's image, which will be presented by Congress and then permanently displayed at the Smithsonian Institution. Duplicate bronze medals may be sold to the public to cover production costs, with proceeds deposited into the U.S. Mint fund. This bill commemorates Chisholm's legacy and achievements without creating new laws or affecting any current policies.

Maddy summaryThe HELP Copays Act (HR 830) changes how health insurance plans calculate patient cost-sharing. It requires that payments made by third parties (like pharmacies, charities, or discount programs) toward medical costs count toward a patient's deductible, copay, or out-of-pocket limit. This directly affects insured individuals who receive financial assistance, discounts, or product vouchers for healthcare expenses. The law ensures these external payments reduce the patient's actual out-of-pocket costs more quickly, aligning with existing Affordable Care Act and Public Health Service Act requirements.

This resolution calls on the United States and North Korea to begin the process of reuniting Korean Americans with their immediate relatives in North Korea. (Many families were divided after the signing of the Korean War Armistice Agreement, which divided the Korean Peninsula into North and South Korea.)

Maddy summaryHR 1050, the Data Science and Literacy Act of 2023, creates a federal grant program to improve data literacy education across U.S. schools from pre-kindergarten through college. The bill authorizes $10 million annually to fund grants for eligible schools and organizations to develop data science curricula, provide teacher training, expand access to learning materials, and reduce educational gaps for underrepresented students. Grantees must track student demographics and report on program effectiveness, with a focus on increasing diversity in STEM fields. Title II of the bill also requires the collection of detailed data on secondary school STEM teachers to better understand workforce composition. This legislation aims to strengthen data literacy skills among students to prepare them for 21st-century careers and informed citizenship.

Maddy summaryThis bill authorizes a single Congressional Gold Medal to honor all U.S. Army Dustoff crews who served during the Vietnam War (1962-1973). It recognizes their critical role in evacuating nearly 900,000 wounded personnel, including U.S., South Vietnamese, and allied forces, under extreme combat conditions. The medal, designed with input from the Secretary of Defense, will be presented to the U.S. Army Medical Department Museum for permanent display. Duplicate bronze medals may be sold to cover costs, but the primary action is the commemorative recognition of these crews' service.