Rep. Byron Donalds

This bill allows creditors to consider an applicant’s immigration status for certain purposes when assessing an application for an extension of credit. In particular, considering an applicant’s U.S. immigration status for the purpose of determining the creditor's rights and remedies applicable to the particular extension of credit does not constitute discrimination.

Maddy summaryHR 6853, the SOS Act, requires the Congressional Budget Office to include a new graph in annual reports about Social Security trust funds. The graph must compare projected payments under a 1985 law (section 257(b)(1)) with actual outlays from current law. This procedural bill affects how Congress reports on Social Security funding, adding transparency about payment assumptions versus current spending. It does not change eligibility or benefit amounts for seniors or disability recipients.

Maddy summaryHR 6793, the Small Business Ceiling Fan Manufacturer Protection Act, prohibits the Department of Energy from finalizing, implementing, or enforcing a proposed energy efficiency rule for ceiling fans. The bill specifically blocks the June 2023 proposed rule (88 Fed. Reg. 40932) that would have set new efficiency standards, and also prevents similar future rules. This directly affects small ceiling fan manufacturers by stopping them from having to comply with the new standards, which could have increased production costs. The bill halts a specific regulatory process without creating new requirements.

Maddy summaryHR 6813 blocks the Environmental Protection Agency (EPA) from finalizing, implementing, or enforcing a specific proposed rule about air emissions reporting. The bill directly targets the EPA Administrator, preventing action on the "Revisions to the Air Emissions Reporting Requirements" rule published in the Federal Register on August 9, 2023. This bill does not change current reporting rules but stops the EPA from moving forward with this particular revision. The key mechanism is a direct prohibition on the EPA's regulatory actions regarding this specific rule.

Maddy summaryThis bill clarifies the Consumer Financial Protection Bureau's (CFPB) authority to enforce rules against "unfair, deceptive, or abusive acts or practices" (UDAAP) affecting consumers. It defines "abusive" acts as those intentionally interfering with consumer understanding or taking unreasonable advantage of consumer vulnerabilities, requiring the CFPB to provide a clear definition within 180 days. Financial institutions must now receive written notice and 180 days to correct potential violations before penalties are imposed, and the CFPB must conduct cost-benefit analyses for new rules. The bill also prohibits the CFPB from treating discrimination as part of UDAAP enforcement and limits penalties for past conduct to the most recent compliance rating period.

Maddy summaryThis bill creates new rules for auditing firms used by U.S. companies. It defines a "compromised auditor" as an accounting branch or subsidiary controlled by a country identified as a U.S. national security threat (like those named in the Director of National Intelligence's annual report). The law prohibits trading in securities of U.S. companies headquartered in such "countries of concern" if they use a compromised auditor for their financial audits. This directly affects publicly traded companies that rely on auditing firms tied to designated threat countries.

Maddy summaryHR 6734 prohibits the use of federal funds to finalize, implement, or enforce the Bureau of Alcohol, Tobacco, Firearms, and Explosives' (ATF) proposed rule (2022R-17) defining "engaged in the business as a dealer in firearms." This bill directly affects the ATF by blocking funding for this specific regulatory rule, which was proposed in August 2023. The legislation does not create new requirements but prevents federal resources from being used to advance this particular ATF regulation.

Maddy summaryHR 357, the Ensuring Accountability in Agency Rulemaking Act, requires federal agencies to have rules signed by Senate-confirmed appointees (or senior appointees for initiation), aiming to increase oversight of regulatory decisions. It directly affects all federal agencies creating rules under standard procedures (covered by 5 U.S.C. § 553), ensuring higher-level accountability for rulemaking. Exceptions exist only if an agency head certifies that compliance would impede public safety/security, with required notifications to the OIRA Administrator and Federal Register publication. The Office of Information and Regulatory Affairs (OIRA) will monitor agency compliance with these requirements.

Maddy summaryHR 6728, the Save Women’s Sports Act of 2023, requires schools receiving federal funding to designate athletic teams as male, female, or coed based strictly on biological sex at birth. Female-designated teams must be composed exclusively of students biologically female at birth. Schools failing to comply risk losing all federal financial assistance. The bill directly affects public and private schools participating in federally funded sports programs.

Maddy summaryHR 6733, the American Investment Accountability Act, requires U.S. businesses to report certain investments to Congress. It targets "covered United States businesses" (non-small U.S. entities or foreign entities with significant U.S. ownership) making direct or portfolio investments exceeding specific thresholds ($5 million single transactions for direct investments, $10 million for portfolio) in "countries of concern" (China, Russia, Iran, North Korea, Cuba, Venezuela) or "covered entities" tied to those countries. The bill mandates quarterly reports from the Commerce Department (tracking direct investments by sector and location), Treasury (tracking portfolio investments), and the SEC (tracking corporate actions like spin-offs or mergers involving covered entities). These reports will detail investment values, locations, and transaction sizes, with data disaggregated by sector and U.S. state. The law focuses solely on transparency, requiring no new investment restrictions.