Rep. Erin Houchin

Maddy summaryThe SEC Reform and Restructuring Act (HR 8339) requires the Securities and Exchange Commission to consider costs and benefits of regulations before proposing them, including assessing impacts on small businesses, market competitiveness, and investor choice. The bill mandates semiannual testimony to Congress about SEC activities, establishes a minimum 60-day public comment period for proposed rules (with a 30-day option for imminent investor harm), and transfers oversight of public company auditors from the Public Company Accounting Oversight Board to the SEC. It also requires the SEC to periodically review existing rules every five years to assess whether they facilitate capital formation or protect investors, and mandates a GAO audit of the SEC's IT infrastructure and data handling practices. These changes aim to increase transparency, accountability, and efficiency in SEC regulatory processes while maintaining investor protection.

Maddy summaryHR 7233, the Jenna Quinn Law of 2024, creates new federal grants to fund innovative child sexual abuse awareness and prevention programs. The bill authorizes the Secretary to award up to 5-year grants to schools, child-serving organizations, and other entities for projects that: (1) teach students age-appropriate abuse recognition and reporting, (2) train teachers and mandatory reporters, and (3) provide parents with prevention resources. Grantees must submit annual reports detailing participants, services, and outcomes. Additionally, the Comptroller General must evaluate the program's effectiveness and check for duplication with other federal efforts within five years, reporting findings to relevant congressional committees.

Maddy summaryThe Working Dog Commemorative Coin Act (HR 807) directs the U.S. Treasury to mint three types of commemorative coins honoring working dogs' service: $5 gold coins, $1 silver coins, and half-dollar coins with specific weight and composition requirements. Each coin will carry a surcharge ($35 for $5 coins, $10 for $1 coins, $5 for half-dollars) that will be paid directly to America's VetDogs to support their programs providing service dogs for veterans, the disabled, and others. The coins will be issued in 2027 with designs reflecting working dogs' roles in military, detection, therapy, and assistance work. The legislation specifies that all surcharge revenue must fund America's VetDogs' operations without creating new government programs. This is a commemorative measure focused on honoring working dogs' contributions through coin sales, with all surcharge funds going to a specific nonprofit organization.

Maddy summaryThis bill establishes a Truth and Healing Commission to investigate the history and impacts of U.S. Indian Boarding School policies on Native American communities, including cultural, emotional, and physical effects on survivors, descendants, and tribal communities. The Commission will document these impacts through research, public meetings, and testimony, working with two advisory committees focused on Native American perspectives and Federal agency coordination. The Commission will operate for six years, with annual reports to Congress and a final report containing recommendations for Federal action. The bill also includes provisions for managing burial sites related to boarding schools and ensures the Native American Graves Protection and Repatriation Act applies to remains found on Federal lands related to these schools.

Maddy summaryHR 8706, the "Dismantle DEI Act of 2024," would prohibit federal agencies from maintaining diversity, equity, and inclusion (DEI) offices, programs, or training by requiring the closure of existing DEI offices within 90 days and banning federal funding for DEI-related activities. The bill defines "prohibited diversity, equity, and inclusion practices" as those that discriminate based on race, color, ethnicity, religion, biological sex, or national origin, or require training that asserts a particular group is inherently superior or inferior. It would rescind several executive orders related to racial equity and gender inclusion, and prohibit the use of federal funds for DEI-related activities across all federal agencies, contractors, and grant recipients. The bill contains limited exceptions for Equal Employment Opportunity offices and disability rights enforcement offices as historically organized and operated.

Maddy summaryHRES 1577 is a resolution expressing congressional support for National Adoption Day (November 23, 2024) and National Adoption Month (November 2024). It highlights that over 108,000 children in U.S. foster care are waiting for adoption and encourages Americans to consider adoption to help provide safety, permanency, and well-being for children. The resolution does not create new laws but formally recognizes the importance of adoption and urges the public to support efforts to place children in permanent families. It directly affects public awareness and encourages citizen engagement during these designated observances.

Maddy summary# Summary of Proposed Higher Education Act Amendments This document outlines significant proposed amendments to the Higher Education Act of 1965, primarily as part of the "College Cost Reduction Act." The key elements include: ## Accreditation Reform - Major overhaul of accreditation standards, requiring accrediting agencies to demonstrate independence from trade associations - New requirements for accrediting agencies to assess student achievement outcomes, including median value-added earnings relative to median total price charged - Introduction of an "Alternative Quality Assurance Experimental Site Initiative" to test non-accredited institutions - Protections for religious institutions, including a new process for appealing accreditation decisions related to religious mission - Removal of "litmus tests" that would require institutions to support specific political viewpoints ## Student Success Initiatives - Establishment of "Postsecondary Student Success Grants" to increase participation, retention, and completion rates for high-need students - Focus on evidence-based practices, with tiered requirements (tier 1, 2, and 3 reforms) - Mandatory inclusion of high-need student populations (low-income, first-generation, military-connected, etc.) - Requirements for institutions to report on completion rates, retention rates, and student demographics ## Regulatory Changes - Repeal of numerous existing regulations including: * Closed school discharges * Borrower defense to repayment * Pre-dispute arbitration * False certification requirements * Ability-to-benefit rules * Financial responsibility regulations - New restrictions on incentive compensation for recruiters - Changes to third-party servicer definitions and regulations ## Transfer and Credit Policies - New requirement that institutions cannot deny transfer credit based solely on the source of accreditation - Requirements for transparent transfer policies - Changes to reverse transfer policies ## Other Key Provisions - Modifications to the National Advisory Committee on Institutional Quality and Integrity (NACIQI) - New definitions for "total price" and "value-added earnings" - Changes to the process for institutions to change accrediting agencies - New requirements for institutions to report on student outcomes The overall focus of these proposed amendments is to reduce regulatory burden on institutions, promote transparency, improve student outcomes (particularly for high-need students), modernize accreditation processes, and protect religious institutions' rights in accreditation decisions.

Maddy summaryHRES 1574 is a non-binding House resolution calling for the immediate removal of Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg. It cites concerns about his leadership, including alleged mistreatment of staff, a "toxic workplace," staffing shortages, and failures in bank supervision that contributed to financial institution failures. The resolution does not change law or remove Gruenberg (as the President appoints FDIC leaders), but formally demands his removal. It was introduced by 25 Republican representatives and referred to the Financial Services Committee.

Maddy summaryThe Sunshine Protection Act of 2023 would end the practice of changing clocks twice a year for daylight saving time (DST) by making DST permanent nationwide, unless a state chooses to remain on standard time. It repeals the requirement to switch clocks back to standard time in the fall, directly affecting all U.S. states and territories that currently observe DST. The bill allows states that previously opted out of DST under the Uniform Time Act (like Arizona and Hawaii) to maintain their current time zone choices without further action. Key provisions include adjusting time zone offset language in existing law and granting states the authority to select either permanent DST or standard time based on their current arrangements. This change would eliminate seasonal time changes for most Americans, though states could still choose to stay on standard time if they prefer.

Maddy summaryThis bill requires major banking regulators (Federal Reserve, FDIC, OCC, CFPB, and NCUA) to assess their current technology systems and procurement processes within 180 days. It mandates a detailed report to Congress every five years covering hardware/software used, challenges in acquiring new technology, workforce capabilities for tech development, data-sharing practices, and plans for future tech upgrades. The goal is to address outdated systems causing delays in monitoring banks, inaccurate data, cybersecurity risks, and difficulties in identifying financial risks or illegal activity. The bill focuses on improving regulators' ability to effectively supervise financial institutions using modern technology.