Maddy summaryHR 2225, the Access to Small Business Investor Capital Act, modifies how investment companies report fees related to business development companies (BDCs). It allows registered investment companies to exclude fees paid indirectly to BDCs (which primarily invest in small businesses) from their "Acquired Fund Fees and Expenses" calculation on SEC registration statements. This change simplifies reporting for investment companies holding BDC shares by removing those specific fees from expense calculations. The bill directly affects investment companies filing SEC forms (N-1A, N-2, N-3) that hold BDC investments, potentially reducing their reported expense ratios. It does not create new funding for small businesses but aims to streamline investment in BDCs by easing reporting burdens.
Sponsored bills
Maddy summaryHR 1713, the Agricultural Risk Review Act of 2025, requires the Secretary of Agriculture to join the Committee on Foreign Investment in the U.S. (CFIUS) when reviewing transactions involving U.S. agricultural land, biotechnology, or agriculture-related infrastructure (like transportation or processing). It specifically targets acquisitions of agricultural land by foreign entities from China, North Korea, Russia, or Iran, mandating that the Secretary of Agriculture first assesses these transactions before CFIUS decides whether to proceed with a full review. The law includes a sunset provision, ending these requirements for a specific country once it is removed from the federal list of foreign adversaries.
Maddy summaryHR 3230 raises asset thresholds for certain financial regulations, directly affecting mid-sized banks with assets between $10 billion and $50 billion. The bill increases the $10 billion asset limit to $50 billion for several key regulations, including Consumer Financial Protection Bureau supervision, Volcker Rule restrictions, Qualified Mortgage requirements, and leverage/risk-based capital rules. This change would exempt larger banks (those with $50 billion or more in assets) from these specific regulations, while smaller banks remain subject to the rules. The bill modifies existing provisions without creating new requirements, solely adjusting the asset-based triggers for regulatory applicability.
Maddy summaryThe FIRM Act (HR 2702) prohibits federal banking agencies from considering "reputational risk" in supervising banks and credit unions. It requires agencies to remove all references to reputational risk - defined as concerns about negative publicity affecting an institution's reputation - from regulations, examinations, and enforcement actions. The bill directly affects depository institutions (banks and credit unions) and federal regulators like the FDIC and CFPB, banning them from using reputational risk as a basis for supervision or enforcement. This policy change aims to limit regulatory actions based on subjective public opinion rather than financial safety and soundness.
Maddy summaryHR 3870, the COAL POWER Act, repeals a specific Environmental Protection Agency (EPA) rule issued on May 7, 2024, which set emission standards for coal- and oil-fired power plants. This bill directly affects coal and oil-fired electric utilities by removing their requirement to comply with that particular EPA regulation (89 Fed. Reg. 38508). The key mechanism is a straightforward repeal, treating the rule as if it never took effect. The bill does not create new rules or alter existing environmental standards beyond this specific EPA action.
Maddy summaryHR 3843, the Baseload Reliability Protection Act, prohibits the retirement or fuel-source conversion of certain large, reliable power plants (over 25 megawatts, not relying on intermittent renewables like solar/wind without storage) in areas designated as high or elevated risk for electricity shortages. It directly affects power plant operators in these high-risk regions, requiring them to maintain existing facilities unless they qualify for an exemption. Exemptions can be granted if operators demonstrate financial hardship, safety risks, or prove they’ll replace the plant with a comparable reliable unit, with potential federal grants or loans from the Department of Energy to cover operational costs. The bill explicitly blocks consideration of greenhouse gas emissions in exemption decisions and mandates standardized risk assessment criteria for identifying high-risk areas.
Maddy summaryHR 649, the Whole Milk for Healthy Kids Act of 2025, amends the National School Lunch Act to allow schools participating in the program to offer students both organic and non-organic whole milk, in addition to reduced-fat, low-fat, and fat-free options. Key provisions include clarifying that milk fat in whole milk should not count toward saturated fat limits for meal compliance, prohibiting schools from purchasing milk from Chinese state-owned enterprises, and ensuring schools cannot be barred from offering the full range of milk types listed. The bill directly affects public and private schools serving the National School Lunch Program by expanding their milk options for students. It focuses on concrete policy changes to dietary offerings and sourcing restrictions within the school nutrition program.
Maddy summaryThis bill, titled "Make DOGE Permanent Act," amends the Federal Funding Accountability and Transparency Act of 2006 to provide Members of Congress (Senators and Representatives) with real-time access to federal award data. It requires the Office of Management and Budget to create a secure, separate online link for Congress to view updated information on federal spending, including payments to individual recipients and federal employees. The website must update in real time for this access, and the link must be established within six months of enactment. The bill directly affects congressional oversight capabilities but does not change public access to the same data.
Maddy summaryThe Bank Failure Prevention Act of 2025 (HR 1900) streamlines the approval process for bank holding company applications. It requires the Federal Reserve Board to notify applicants within 30 days if their application is complete or needs more information, with a possible 30-day extension for complex cases. The bill mandates that the Board must approve or deny applications within 90 days of submission, automatically granting approval if they miss this deadline. This directly affects banks seeking regulatory approvals for mergers or acquisitions by reducing delays in the review process.
Maddy summaryHR 3688, the Protecting Children from Experimentation Act of 2025, prohibits healthcare professionals from performing or aiding gender transition procedures on minors (under age 18) when the procedure involves interstate commerce (e.g., travel, payments, or communications across state lines). The bill defines "gender transition procedures" broadly to include hormonal treatments and surgeries like puberty blockers, hormone therapy, and genital reconstruction, but excludes medically necessary care for disorders of sex development, precocious puberty, or life-threatening conditions. Healthcare providers violating this prohibition face criminal penalties of up to five years in prison or fines, while minors cannot be prosecuted for receiving such procedures. The law explicitly targets providers, not parents or minors, and includes specific medical exceptions to avoid restricting standard care for qualifying health conditions.