Rep. Pete Sessions

Capital Markets Financing and Economic Growth Investments Act of 2023 This bill allows a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required. A money market fund that elects to do so shall not be subject to requirements related to the imposition of liquidity fees. (A money market fund is a type of mutual fund that invests in liquid, short-term assets.) The Securities and Exchange Commission and securities exchanges are prohibited from enforcing rules or issuing guidance that imposes specified pricing structures or fees on an open-end company. (An open-end company offers securities in pooled investment vehicles such as mutual funds.)

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 summaryThis bill reauthorizes and extends funding for programs addressing substance use disorders and opioid addiction, including residential treatment for pregnant and postpartum women, first responder training, and community recovery initiatives. It increases funding levels for these programs, adds xylazine to Schedule III of controlled substances, and requires a study on remote monitoring for patients prescribed opioids. The bill also expands Medicaid coverage requirements for medication-assisted treatment and mandates reporting on mental health condition data alongside substance use disorder data, directly affecting individuals with substance use disorders, healthcare providers, and state and tribal governments.

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 summaryHJRES 88 is a resolution seeking to block a Department of Education rule that would have improved income-driven repayment options for federal student loan borrowers. The rule, published in the Federal Register on July 10, 2023, targeted the William D. Ford Direct Loan Program and the Federal Family Education Loan (FFEL) Program. This resolution uses the Congressional Review Act process to disapprove the rule, preventing it from taking effect and preserving the current repayment structure. If enacted, it would stop the proposed changes to repayment terms without altering existing loan policies.

Maddy summaryThis bill requires U.S. Customs and Border Protection (CBP) to obtain fingerprints from noncitizen children under 14 years old if officers suspect they are trafficking victims upon entering the U.S. It also creates a new federal crime for adults (18+) who knowingly use a minor for entry without being a relative or guardian, punishable by fines or up to 10 years in prison. The bill mandates sharing fingerprints collected under this provision with the Department of Health and Human Services for unaccompanied minors and requires CBP to report monthly data on trafficking-related apprehensions and annual data on fingerprinting to Congress. These provisions directly affect CBP officers, unaccompanied children, and individuals suspected of exploiting minors for entry.

Maddy summaryThe Southern Border Transparency Act of 2023 (HR 6523) requires U.S. Customs and Border Protection (CBP), the Department of Homeland Security (DHS), and U.S. Citizenship and Immigration Services (USCIS) to publish specific immigration data online. It mandates monthly reports on parole grants at ports of entry (including numbers by nationality and family status), quarterly reports on processing outcomes for aliens encountered at the southern border (disaggregated by nationality, demographics, and processing paths), and annual reports on parolees (including employment status and status changes). These reports must be posted on agency websites and submitted to relevant congressional committees. The bill directly affects federal agencies responsible for border processing and aims to increase public and congressional transparency about immigration enforcement practices at the southern border.

Maddy summaryHR 6504, the Protect American Gun Exporters Act, blocks the Department of Commerce from implementing a pause on new export licenses for specific firearm exports (items under Commerce Control List numbers 0A501, 0A502, 0A504, and 0A505). The bill directly affects U.S. gun exporters by preventing the Commerce Secretary from enforcing the October 2023 pause or similar restrictions on these exports. Key provisions prohibit the Secretary from taking any action to carry out the pause unless it follows standard regulatory processes, including a required impact analysis and compliance with the Administrative Procedure Act and Congressional Review Act. This bill does not create new export rules but stops the existing pause on certain firearm exports.

Maddy summaryH.J.Res. 66 disapproves a specific rule issued by the Consumer Financial Protection Bureau (CFPB) regarding small business lending under the Equal Credit Opportunity Act (Regulation B). The resolution, if passed, would prevent this CFPB rule from taking effect by declaring it "have no force or effect." The rule in question (88 Fed. Reg. 35150) aimed to clarify how lenders must evaluate small business loan applications under existing equal credit laws. This disapproval directly affects the CFPB's regulatory authority and would block the rule's implementation for small business lenders and financial institutions.

Maddy summaryHRES 683 is a non-binding resolution expressing the House's support for diplomatic efforts to encourage Mexico to fulfill annual water delivery commitments under the 1944 U.S.-Mexico treaty. The treaty requires Mexico to deliver an average of 350,000 acre-feet of water annually (over a 5-year cycle) to the U.S., but Mexico has historically delayed deliveries until the cycle ends. The resolution specifically acknowledges water shortages faced by South Texas farmers and urges Mexico to meet its annual obligations, while supporting negotiations for more reliable water agreements. It does not create new legal requirements but formally encourages diplomatic action to address the delivery delays.