Rep. Tom Emmer

Maddy summaryThe TABS Act of 2023 would rename the Consumer Financial Protection Bureau (CFPB) to the Consumer Financial Empowerment Agency (CFEA) throughout U.S. federal law. This bill would change the agency's name in the Consumer Financial Protection Act of 2010 and over 25 other federal statutes, including the Dodd-Frank Act and Truth in Lending Act. The bill does not alter the agency's responsibilities, authority, or budget structure - only its name. This is a procedural change affecting all federal documents, regulations, and references to the agency.

Maddy summaryHR 1388 authorizes the minting of commemorative coins to honor the 1865 Sultana steamboat disaster, the deadliest maritime tragedy in U.S. history. It specifies three coin types ($5 gold, $1 silver, and half-dollar) with defined weights and compositions, to be sold at face value plus surcharges ($35, $10, and $5 per coin, respectively). All surcharges collected will fund the Sultana Historical Preservation Society for museum development, including exhibits, artifact preservation, and facility construction. The coins are legal tender but intended for collectors, with sales limited to a one-year period starting January 2023.

This resolution supports the designation of National FFA Week. It also (1) recognizes the important role of the National FFA Organization (Future Farmers of America) in developing the next generation of leaders who will change the world, and (2) celebrates the 90th anniversary of the iconic FFA jacket.

Maddy summaryHR 1313, the Transparency in CFPB Cost-Benefit Analysis Act, requires the Consumer Financial Protection Bureau (CFPB) to include detailed cost-benefit analyses in all proposed financial regulations. The bill mandates that the CFPB explain the need for a regulation, assess costs and benefits for small businesses and the economy, evaluate alternatives, and justify decisions where benefits don't outweigh costs. It also requires consultation with the Small Business Administration if a rule increases costs for small businesses and a distribution analysis of burdens. This bill directly affects the CFPB's rulemaking process by increasing transparency in how financial regulations are developed.

Maddy summaryThe Permitting for Mining Needs Act of 2023 streamlines federal permitting for mining projects on public lands by establishing specific time limits for environmental reviews (12 months for assessments, 24 months for impact statements) and allowing lead agencies to adopt applicant-prepared environmental documents that meet National Environmental Policy Act requirements. It enables mineral exploration with limited surface disturbance (up to 5 acres) to proceed without full environmental review, and creates mechanisms for coordination between agencies and project applicants through memorandums of agreement. The bill applies to all minerals, not just "critical" minerals, and ensures uranium is treated as a critical mineral for certain purposes. The legislation aims to expedite domestic mineral development while maintaining environmental review standards.

Maddy summaryHR 1177, the Financial Freedom Act of 2023, amends pension plan rules to expand participant control over individual retirement accounts. It allows plan fiduciaries to offer a broad range of investment choices without being required to select specific options, as long as participants can choose how to allocate their funds. The bill specifically protects "self-directed brokerage windows" by preventing regulators from restricting the investments available through them and clarifies that using such options doesn't violate standard fiduciary duties like diversification or prudence. This directly affects workers in defined contribution pension plans with individual accounts who want more direct control over their investment choices.

CBDC Anti-Surveillance State Act This bill limits the ability of the Federal Reserve to (1) provide direct services to individuals, and (2) use a central bank digital currency. A central bank digital currency is a digital currency (e.g., Bitcoin or Ether) issued by a government-backed central bank. Specifically, the bill prohibits the Federal Reserve and the Federal Open Market Committee from using any central bank digital currency to implement monetary policy. In addition, a Federal Reserve bank is prohibited from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency directly to an individual. The Federal Reserve must (1) consult with each Federal Reserve bank with respect to any central bank digital currency study or pilot program, and (2) issue quarterly reports on the findings and determinations of any such study or program.

Protect Farmers from the SEC Act This bill prohibits the Securities and Exchange Commission from requiring the disclosure of greenhouse gas emissions related to agricultural products.

Maddy summaryHR 976, the TCJA Permanency Act, makes permanent many tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) that were scheduled to expire after 2025. The bill affects individual taxpayers by keeping lower tax rates, higher standard deductions, increased child tax credits, and other key changes permanently. Key provisions include permanent modifications to income tax brackets, repeal of personal exemptions, limits on state and local tax deductions, and increased estate and gift tax exemptions. These changes would prevent the tax code from reverting to pre-TCJA rates and rules for millions of taxpayers.

Maddy summaryHRES 110 is a non-binding resolution supporting the designation of "Career and Technical Education (CTE) Month" to recognize CTE's role in preparing students for high-demand careers. It encourages educators, school counselors, and parents to promote CTE as a respected pathway for students seeking credentials in fields like healthcare, technology, and skilled trades. The resolution highlights CTE's benefits, including reducing high school dropout rates and aligning education with workforce needs, without creating new funding or policy changes. It directly affects schools, educators, and students by affirming CTE's value in workforce development.