Sen. Bill Hagerty

Maddy summarySRES 588 is a symbolic Senate resolution designating April 2022 as "Financial Literacy Month." It does not create new laws or policies but calls for public awareness about the importance of personal financial education. The resolution urges federal, state, local, school, nonprofit, and business entities to observe the month with activities highlighting financial education's role in helping individuals manage debt, build wealth, and make informed money decisions. It references statistics on financial challenges (like high credit card debt and low high school financial literacy requirements) but does not mandate any specific actions or funding. This is a procedural designation with no direct effect on individuals or new legislative requirements.

Sanction Transactions Originating from Pernicious Chinese Companies and Policies Act of 2022 or the STOP CCP Act of 2022 This bill prohibits U.S. persons (generally individuals and entities subject to U.S. jurisdiction) from trading in the publicly traded securities of certain entities that operate or have operated in certain sectors in China, including the defense or surveillance technology sectors.

This bill prohibits the Department of Veterans Affairs from obligating or expending any amounts to provide emergency assistance in response to an emergency at the southern border directly resulting from the repeal of certain public health orders from the Centers for Disease Control and Prevention. Specifically, the bill prohibits such emergency assistance in response to the repeal of the order issued on August 2, 2021, titled Public Health Reassessment and Order Suspending the Right To Introduce Certain Persons From Countries Where a Quarantinable Communicable Disease Exists ; the order issued on April 1, 2022, titled Public Health Determination and Order Regarding Suspending the Right To Introduce Certain Persons From Countries Where a Quarantinable Communicable Disease Exists ; and an order relating to the same public health concerns as the listed orders.

Maddy summarySRES 593 is a Senate resolution honoring former U.S. Senator Kaneaster Hodges, Jr. of Arkansas, who served from 1977 to 1978. The resolution expresses the Senate’s "profound sorrow" at his death and directs the Secretary of the Senate to transmit an enrolled copy to his family. It also calls for the Senate to adjourn as a mark of respect. This is a ceremonial resolution with no policy provisions or direct impact on legislation or constituents.

No Free TRIPS Act This bill prohibits the U.S. government from negotiating or concluding any withdrawal from or modification to the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) without explicit authorization from Congress. The TRIPS Agreement is one of several international agreements that led to the creation of the World Trade Organization (WTO). In October 2020, in response to the COVID-19 pandemic, several WTO members proposed a waiver of some TRIPS obligations, including obligations related to national patent laws.

This resolution designates April 16 through April 24, 2022, as National Park Week. The resolution also encourages the people of the United States and the world to responsibly visit, experience, recreate in, and support the treasured national parks of the United States.

Commission on Reform and Modernization of the Department of State Act This bill establishes in the legislative branch a commission to examine the changing nature of diplomacy in the 21st century and ways the Department of State and its personnel can modernize to advance U.S. interests. The commission must offer recommendations related to topics such as (1) the State Department's organizational structure and infrastructure, (2) the link between diplomacy and other core U.S. interests such as defense, and (3) the core legislation that authorizes U.S. diplomacy. The commission must also periodically brief Congress on the commission's work. Within 18 months of this bill's enactment, the commission must provide to Congress and the President its final report of findings, conclusions, and recommendations. The report must also examine all substantive aspects of State Department personnel, management, and operations. The commission shall terminate 60 days after the submission of the final report.

Reducing Regulatory Burdens Act This bill establishes procedures to reduce the number of federal regulations. Specifically, it requires each agency to establish a regulatory reform task force chaired by a designated regulatory reform officer. Each task force must, among other duties (1) review each existing agency regulation; (2) estimate the potential cost savings of repealing or modifying each regulation; and (3) identify regulations that are appropriate for repeal, replacement, or modification based on cost, effectiveness, and impact on employment. The bill further prohibits agencies from issuing a new regulation with an economic impact of at least $100 million without identifying two regulations for repeal that will offset the cost of the proposed new regulation. Agencies also must submit a list of all planned regulatory actions for inclusion in the semiannual Unified Agenda of Federal Regulatory and Deregulatory Actions, including (1) the estimated economic effect of each action, and (2) proposed deregulatory actions to offset the cost of each proposed new regulation. Additionally, the Office of Management and Budget must establish an annual regulatory budget for each federal agency that specifies the net allowable increase in regulatory costs for each agency during the next fiscal year.

Protecting Horses from Soring Act of 2022 This bill revises requirements concerning the inspection of horse shows, exhibitions, sales, and actions for sored horses (e.g., horses suffering from pain when moving due to substances or devices placed on their limbs). Specifically, this bill replaces a requirement for the Department of Agriculture to prescribe regulations governing the appointment of inspectors with a requirement for the Horse Industry Organization, which is established by this bill, to appoint inspectors.

Middle Market IPO Underwriting Cost Act This bill requires the Securities and Exchange Commission to study and report on the costs encountered by small- and medium-sized companies when undertaking initial public offerings and certain offerings exempt from securities registration requirements.