Rep. Tom Emmer

Maddy summaryHR 5791, the "Define the Mission Act," requires the President to submit a comprehensive strategy report to Congress within 30 days of the bill's enactment, detailing U.S. involvement in the Ukraine conflict. The report must define U.S. national interests in the conflict, set specific objectives with timelines, benchmarks, and resource estimates (including personnel and funding), list expected European NATO security contributions, and assess Russia’s natural gas market impact on resolving the conflict. It mandates the strategy must aim for a Russia-Ukraine cease-fire agreement and explicitly cannot depend on U.S. funding for Ukrainian reconstruction. The report must be unclassified but may include a classified annex for full transparency. This bill establishes a formal process for Congress to review and oversee U.S. policy toward Ukraine.

Maddy summaryThis bill prevents federal regulators from requiring banks, credit unions, and trust companies to treat custody assets (like digital assets held for clients) as liabilities on their financial statements or to hold extra capital against them. It specifically stops institutions from recognizing liabilities for digital asset services they don’t own, unless those liabilities exceed related expenses. The law applies broadly to depository institutions but includes an exception: commingled cash held for third parties must still be listed as a liability. Key provisions aim to clarify accounting rules for digital assets, reducing regulatory complexity for financial institutions managing client custody. It directly affects banks, credit unions, and trust companies handling digital assets or custody services.

Maddy summaryHRES 684 is a symbolic congressional resolution passed by the U.S. House of Representatives on September 14, 2023, condemning New Mexico Governor Michelle Lujan Grisham's emergency order that temporarily suspended open and concealed carry firearm rights for 30 days. The resolution asserts the order violated the Second Amendment, citing Supreme Court precedents (Heller, McDonald, Bruen) and noting a federal judge had already blocked the order's firearm restrictions. It does not change any laws or impose legal consequences - it is solely a formal expression of disapproval from Congress. The resolution directly addresses the Governor's actions but has no effect on New Mexico's laws or citizens' rights.

Maddy summaryHR 1435, the Preserving Choice in Vehicle Purchases Act, amends the Clean Air Act to restrict states from implementing vehicle emissions rules that limit the sale or use of new gasoline-powered cars. It directly affects states with stricter emissions standards (like California) by adding a new definition that blocks state rules "directly or indirectly" limiting internal combustion engine vehicles as defined in federal regulations as of January 1, 2023. The bill requires the EPA to revoke existing state emissions waivers granted between January 2022 and the bill’s enactment if they don’t comply with this new definition. This creates a concrete federal standard preventing states from advancing policies that could reduce demand for conventional vehicles.

Maddy summaryHR 5422, the Small Business Working Group Act, requires the Financial Crimes Enforcement Network (FinCEN) to hold annual working groups with small businesses. These groups must share information on beneficial ownership reporting effectiveness, improve coordination between FinCEN and small businesses, and provide guidance about reporting obligations. The bill directly affects small businesses subject to beneficial ownership reporting rules and FinCEN, which must implement this requirement without new funding. It establishes a formal mechanism for ongoing communication but does not change existing reporting rules or obligations.

Maddy summaryThis bill directs the U.S. Treasury to mint commemorative coins marking the Marine Corps' 250th anniversary in 2025. It authorizes three coin types: $5 gold coins (max 50,000), $1 silver coins (max 400,000), and half-dollar coins (max 750,000), with surcharges of $35, $10, and $5 respectively. The surcharge proceeds will fund the Marine Corps Heritage Center's educational programs, with no net cost to taxpayers as the Treasury must recover all minting costs through the surcharges. The coins can only be issued during 2025, and the Treasury must ensure all costs are covered before distributing funds to the Heritage Foundation.

Maddy summaryHR 4721, the Main Street Tax Certainty Act, makes a permanent the 20% tax deduction for eligible small business owners under Section 199A of the tax code. This provision directly affects pass-through business owners (like S-corps, partnerships, and sole proprietorships) who qualify for the deduction. The bill achieves this by removing the temporary expiration language (subsection (i)) from the existing tax code provision. The key change is ending the need for annual congressional extensions of this deduction, providing long-term tax certainty for small businesses.

Maddy summaryThis bill requires the Federal Housing Finance Agency (FHFA) to revert mortgage guarantee fees for single-family homes to the rates in effect before May 1, 2023, effectively undoing a 2023 fee increase. It prohibits fees based on a borrower’s debt-to-income ratio and restricts future fee adjustments without following standard federal rulemaking procedures. The bill directly affects mortgage borrowers (particularly middle-class homeowners) and lenders who pay these fees, as it changes how mortgage finance agencies charge for loan guarantees. A GAO study will also examine the FHFA’s previous fee changes and their economic impact, with a report due within 14 months.

Maddy summaryHJRES 44 is a congressional resolution seeking to block a 2021 rule by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF). The rule classified firearms with stabilizing braces as "short-barreled rifles," which would have required additional licensing and regulation. This resolution uses a specific legal process (under Title 5, U.S. Code) to formally disapprove the ATF rule, meaning the rule would no longer be in effect. It directly affects firearm owners, manufacturers, and dealers who would have been subject to the rule’s requirements.

Maddy summaryHR 277 would require Congress to approve major federal regulations before they take effect. Major rules are defined as those with significant economic impact ($100 million+ annually), major cost increases for consumers or industries, or significant adverse effects on competition, employment, or innovation. Agencies must submit detailed information about these rules to Congress, including cost-benefit analyses, before they can take effect. Congress would have 70 session days to approve the rule with a joint resolution; if they don't act within that timeframe, the rule would not take effect. This would increase congressional oversight of federal regulations and require more detailed information about proposed rules before they become law.