Rep. Barry Loudermilk

Maddy summaryHR 3175, the Regulation Reduction Act of 2023, requires federal agencies to repeal two existing regulations before issuing a new rule, and three for "major rules" (those with significant economic impact). For major rules, the new rule's cost must not exceed the cost of the repealed rules, and the Office of Management and Budget must certify this. Agencies must also submit a 90-day review to Congress identifying costly, ineffective, duplicative, or outdated regulations. This bill directly affects federal agencies and the businesses, states, and local governments subject to federal regulations.

Maddy summaryThis bill protects living organ donors from insurance discrimination by prohibiting life, disability, and long-term care insurers from denying coverage, raising premiums, or altering policy terms solely because someone donated an organ while alive. It also updates the Family and Medical Leave Act to include recovery from organ donation surgery as a qualifying health condition, allowing donors to take protected leave for this purpose. Additionally, the bill requires the Health and Human Services Secretary to update public educational materials about living donation benefits, risks, and insurance protections within six months of enactment. These changes directly affect living organ donors, insurers, employers, and healthcare systems by ensuring fair access to insurance and workplace leave.

Maddy summaryHR 2895, the Time Is Up Act of 2023, sets strict deadlines for the President to act on foreign investment reviews under the Committee on Foreign Investment in the United States (CFIUS). It requires the President to announce any suspension or prohibition of a covered foreign investment deal within 15 days of the bill's enactment if more than 105 days (or 60 days for certain investigations) have passed since review began without a decision. For any announcement made before or after the bill's enactment, the President must complete the suspension or prohibition within 30 days of the announcement. This bill directly affects foreign entities seeking to invest in U.S. businesses and the federal process reviewing those deals for national security risks.

Maddy summaryThe Employee Rights Act (HR 2700) amends key labor laws to strengthen employee rights in collective bargaining and privacy. It requires employers to use secret ballot elections for selecting bargaining representatives and to provide labor organizations with voter lists containing employee names and one form of contact information (chosen by the employee) within two business days of an election. The bill prohibits employers from using employee personal information for non-organizing purposes and mandates written authorization for using union dues on non-bargaining activities, with authorizations expiring after one year. Additionally, it clarifies joint employment standards to prevent misclassification and adds tribal sovereignty protections to labor law definitions.

Maddy summaryThis bill blocks the Federal Housing Finance Agency (FHFA) and mortgage enterprises (Fannie Mae and Freddie Mac) from implementing new single-family mortgage credit fee changes announced on January 19, 2023. It specifically cancels the fee framework updates detailed in FHFA's January 19 announcement and related lender letters (LL-2023-01 and Bulletin 2023-1). The bill does not stop mortgage enterprises from using risk-based pricing for credit fees, which remains permitted. It directly affects the FHFA's authority and the mortgage pricing structure for Fannie Mae and Freddie Mac.

Maddy summaryThis bill requires the Treasury Secretary to disclose FinCEN’s operational guidance documents (like policies and directives) to Congress and the public, increasing transparency around how the agency enforces financial crime laws. It limits who can bypass standard rulemaking procedures for FinCEN-related rules, restricting exceptions to the Secretary of the Treasury alone. The bill also extends the required testimony period for FinCEN’s Director from 5 to 10 years when appearing before Congress. These changes directly affect FinCEN, a Treasury agency responsible for implementing the Bank Secrecy Act and combating financial crimes.

Maddy summaryHR 2771, the Portal for Appraisal Licensing Act of 2023, creates a central online system called the "Portal for Appraiser Credentialing and AMC Registration Information" to streamline licensing for appraisers and appraisal management companies (AMCs). The portal will handle license applications, renewals, background checks (via FBI access), fee payments, and education course tracking, connecting state licensing agencies with appraisers and AMCs. It directly affects appraisers, AMCs, and state licensing agencies by replacing fragmented state processes with a single, standardized system. The bill ensures states retain final authority over licensing decisions while using the portal for data sharing and administrative efficiency.

American Innovation and R&D Competitiveness Act of 2023 This bill eliminates the five-year amortization requirement for research and experimental expenditures, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.

Maddy summaryHR 2630, the Safe Step Act, requires group health plans and health insurance issuers to establish a clear, transparent process for patients or their doctors to request exceptions to medication step therapy protocols. These protocols typically force patients to try cheaper drugs first before covering more expensive alternatives. The bill mandates that plans must approve exceptions when prior treatments failed, delay would cause serious harm, a treatment is unsafe, or a patient is stable on a previously approved drug, with strict 72-hour (or 24-hour in emergencies) decision timelines. It also requires plans to publish the exception process online and limit documentation requests to only necessary medical information. This law directly affects health insurers, employers offering health plans, and patients using step therapy for prescription drugs.

Maddy summaryHR 2620, the Federal Firearms Licensee Protection Act of 2023, increases penalties for crimes targeting firearms licensees. It amends Section 924 of Title 18 to impose mandatory minimum sentences of 3 years for burglaries or 5 years for robberies committed at the business premises of licensed firearms dealers, manufacturers, or importers. The bill specifically targets violations of Section 922(u), which prohibits unauthorized access to these premises, and adds "attempts to do so" to the penalties. This directly affects licensed firearms businesses by strengthening legal protections against theft or violence at their locations. The law creates clearer, harsher consequences for crimes committed during burglaries or robberies at these specific business sites.