Rep. Pete Sessions

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Small Business Lending under the Equal Credit Opportunity Act (Regulation B) and published on May 31, 2023. The rule requires financial institutions to collect and report to the bureau credit application data for small businesses. On July 31, 2023, the U.S. District Court for the Southern District of Texas ordered the bureau not to implement or enforce the rule until a related pending case is resolved.

Maddy summaryThis bill, HR 2451 (Freedom of Association in Higher Education Act of 2023), prevents colleges receiving federal funds from punishing students or single-sex social organizations (like fraternities/sororities) solely because of their single-sex membership policies. It prohibits actions such as denying housing, scholarships, or leadership roles, or forcing students to waive these protections as a condition of enrollment. The law does not require colleges to recognize such groups, nor does it block disciplinary action for misconduct unrelated to membership (e.g., academic issues). It directly affects students in single-sex organizations and institutions participating in federal student aid programs under Title IV.

Ensuring Lawful Collection of Hidden Assets to Provide Order Act or the EL CHAPO Act This bill requires the forfeited profits of Joaquin Archivaldo Guzman Loera (El Chapo) from his illicit drug trafficking enterprise to be reserved for border security measures between the United States and Mexico, including the completion of a wall. Additionally, it requires the forfeited funds from the felony conviction of a member of a drug cartel to be reserved for border security measures between the United States and Mexico, including the completion of a wall.

Maddy summaryHCONRES 28 is a symbolic resolution expressing Congress's view that tax-exempt fraternal benefit societies - organizations providing life, health, and accident benefits to members - have long delivered critical community support. It states these societies, with about 7 million members nationwide, generate significant annual value through charitable work and volunteer activities (estimated at over $3.8 billion yearly). The resolution affirms that their tax-exempt status under Section 501(c)(8) of the tax code is essential for sustaining their volunteer-driven model and relieving pressure on government safety programs. As a non-binding expression of congressional sentiment, it does not alter existing laws or create new obligations.

Maddy summaryH.J. Res. 30 seeks to block a Department of Labor rule that would have required retirement plan managers (like those handling 401(k)s) to follow strict "prudence and loyalty" standards when selecting investments and voting on company matters. The rule, published in December 2022, aimed to protect retirement savings by ensuring fiduciaries prioritize participants' interests. This resolution, if passed, would prevent the rule from taking effect, avoiding new compliance requirements for retirement plan managers and sponsors. It directly affects retirement plan administrators and the millions of participants in these plans.

This resolution supports the preservation of the stepped-up basis tax rule that allows recipients of inherited assets such as land, equipment, or buildings to adjust the cost basis of the assets to reflect their fair market value. The resolution opposes any efforts to impose new taxes on family farms or small businesses and recognizes the importance of generational transfers of farm and family-owned businesses.

Maddy summaryHR 1141, the Natural Gas Tax Repeal Act, repeals a specific provision (Section 136) of the Clean Air Act that established an incentive program for reducing methane emissions and waste in natural gas systems. This bill directly affects natural gas producers and operators who previously participated in or were subject to the methane emissions reduction program. The key mechanism is the removal of this incentive program, eliminating federal requirements and financial incentives related to methane waste reduction for the natural gas industry. The bill also rescinds unobligated funds allocated for this program. This is a policy change removing a regulatory incentive, not a tax repeal.

This resolution expresses the belief that the United States should invest in the digital asset industry and Proof-of-Work mining to improve U.S. energy independence through associated innovations.

Maddy summaryH.J. Res. 26 is a congressional disapproval resolution blocking the District of Columbia Council's approval of its Revised Criminal Code Act of 2022 (D.C. Act 24-789). It directly affects the District of Columbia by preventing the new criminal code from taking effect, as Congress disapproved the Council's action under the Home Rule Act. The resolution formally rejects the Council's enactment of the code, which was transmitted to Congress on January 27, 2023. This procedural action stops the District from implementing the revised criminal code without further congressional action.

Maddy summaryThis bill prohibits colleges receiving federal funds from retaliating against students who belong to single-sex social organizations (like traditional fraternities or sororities). It specifically bans schools from requiring students to waive membership rights as a condition of enrollment or taking adverse actions - such as disciplinary measures, denying financial aid, or restricting housing - solely based on their membership in these groups. The bill clarifies that institutions aren't required to officially recognize such organizations and can still take action for misconduct unrelated to the group's single-sex policy. It defines "adverse action" broadly to include denials of scholarships, housing, or leadership opportunities tied to membership. The law directly affects students in single-sex organizations and the federal funding policies of colleges under the Higher Education Act.