Rep. Mike Rogers

Maddy summaryThe HELPER Act of 2023 creates a new FHA mortgage insurance program specifically for first responders and K-12 teachers. It allows eligible first-time homebuyers in these professions to secure mortgages with 100% financing (no down payment required) for purchasing or repairing a primary residence. To qualify, applicants must be employed as law enforcement, firefighters, paramedics, or K-12 teachers, have completed housing counseling, and meet specific employment history requirements (e.g., 4 years in the role or disability-related release). The program authorizes $660,000 for fiscal year 2024 and $160,000 annually through 2030, with authority expiring after 5 years.

Maddy summaryThe ACRE Act of 2023 amends the tax code to exclude interest income from certain rural and agricultural loans from taxable income for eligible lenders. It directly affects banks, savings associations, and their wholly-owned entities that provide qualified loans secured by rural or agricultural real estate, including single-family homes in designated rural areas (with a $750,000 loan balance cap) or aquaculture facilities. The key provision allows these lenders to exclude interest earned on qualifying loans from their gross income, effectively reducing their tax liability on such lending activity. The bill applies to loans made after its enactment date and aligns with existing definitions of rural property from the Agricultural Credit Act of 1987.

Maddy summaryThe SAFE Banking Act of 2023 would protect banks and financial institutions that provide services to state-legal marijuana businesses and hemp-related businesses by preventing federal regulators from taking adverse actions against them solely for serving these businesses. It clarifies that income from state-legal marijuana businesses can be considered for mortgage applications, and requires regulators to update guidance on suspicious activity reports related to these businesses. The bill does not require financial institutions to serve these businesses, but ensures they won't face penalties for doing so. It extends similar protections to hemp-related businesses, which have faced banking challenges despite being federally legal under the 2018 Farm Bill.

Farm Credit Administration Independent Authority Act This bill specifies that the Farm Credit Administration (FCA) is the sole regulator of the Farm Credit System (FCS) and establishes reporting requirements for FCS institutions. Specifically, the bill states that the FCA is the sole and independent regulator of the FCS and exempts entities that are supervised by the FCA from the Equal Credit Opportunity Act (ECOA). (The bill addresses a proposed rule by the Consumer Financial Protection Bureau [CFPB] that would implement provisions of the ECOA by requiring covered financial institutions, including FCS lenders, to collect and report to the CFPB data on credit applications for small businesses, including the principal owner's race, sex, and ethnicity.) The bill also requires FCS institutions to (1) request that loan applicants and borrowers that are small farmers disclose information identifying their race, sex, and ethnicity; and (2) annually report the collected information to the FCA. If an FCS institution customer does not voluntarily report the requested information, the FCA may not require the institution to use other means to deduce the information.

Maddy summaryThe SPARC Act creates a federal loan repayment program to address specialty care shortages in rural areas. It provides up to $250,000 in repayment for specialty medicine physicians (like cardiologists or surgeons) and non-physician providers (such as nurse practitioners in specialty roles) who commit to six years of full-time work in designated rural communities facing provider shortages. Participants must agree to repay eligible education loans (including federal student loans) while serving in these areas, with strict rules preventing double-benefits from other loan forgiveness programs. The program requires annual reporting on participant locations and impact, aiming to improve access to specialty care in underserved rural regions.

Maddy summaryHR 2743 prohibits large financial institutions (over $100 billion in assets) from denying banking services to lawful businesses based on subjective political reasons, industry type, or reputational concerns. It requires these institutions to use objective, risk-based assessments for service decisions and provide written justifications for denials. The law applies to banks, credit unions, and payment networks, with civil penalties for violations including fines up to $10,000 per incident. It specifically ensures businesses operating legally under federal law receive fair access to financial services without discrimination. The bill mandates that denials be based on documented risk factors, not political bias or category-based exclusion.

Maddy summaryThe Range Access Act (HR 1614) requires the Forest Service and Bureau of Land Management to identify existing target shooting ranges on federal lands and establish new ones where feasible. Within five years, agencies must construct or partner to build new ranges meeting specific safety standards (like berms, firing lines, and no user fees) that accommodate rifles, pistols, shotguns, and archery. The bill mandates public consultation with tribes, shooting clubs, and local governments before site selection, prioritizing proximity to recreational shooters while avoiding conflicts with existing private ranges. Annual reports to Congress will track progress toward ensuring public access to these ranges on federal lands.

Maddy summaryHJRES 27 is a congressional resolution seeking to block a federal rule that redefined which waterways fall under the Clean Water Act's protections. It targets a rule submitted by the Army Corps of Engineers, Department of Defense, and Environmental Protection Agency (EPA) on January 18, 2023, which aimed to revise the "Waters of the United States" definition. The resolution would formally disapprove this rule under a specific federal procedure (Chapter 8 of Title 5), preventing it from taking effect. This would directly affect how federal agencies regulate pollution and development near water bodies, including wetlands and smaller streams.

Maddy summaryHR 2696 permanently extends a 7-year depreciation period for motorsports entertainment complexes under tax law. It amends the Internal Revenue Code by removing a temporary provision (subparagraph D), making the 7-year recovery period permanent for these facilities. This change directly affects businesses that own or operate motorsports venues when calculating tax deductions for facility investments. The bill is a technical tax code adjustment with no new regulations or direct impact on individuals.

Maddy summaryThis bill amends tax law to allow charitable organizations to fund collegiate housing projects without losing their tax-exempt status. Specifically, it permits 501(c)(3) charities to make grants for building, improving, or maintaining housing properties where full-time students live, as long as the housing is connected to a college or university. Grants cannot fund fitness facilities, and the bill clarifies that housing must primarily serve students (not incidental social activities). It directly affects charitable organizations and universities seeking tax-qualified funding for student housing infrastructure.