Rep. Brad Sherman

Maddy summaryHR 582, the Credit Union Board Modernization Act, changes the required meeting frequency for boards of directors at federal credit unions. It replaces a simple "monthly" requirement with tiered schedules based on each credit union's performance rating under the Uniform Financial Institutions Rating System. Top-rated credit unions (ratings 1 or 2) must meet at least six times yearly, with one meeting per fiscal quarter. Lower-rated credit unions (ratings 3, 4, or 5) must meet monthly, and new credit unions must meet monthly for their first five years. This directly affects all federal credit unions by adjusting their board meeting obligations based on their regulatory rating.

Maddy summaryThis bill prohibits the possession, sale, or transfer of most large-capacity ammunition magazines (holding more than 15 rounds) for the general public, while exempting law enforcement officers (including campus security officers), retired officers, and certain licensed entities like nuclear facility security. It requires new magazines manufactured after enactment to have serial numbers and manufacturing dates, and allows federal grant funds to support buy-back programs for these devices. Existing owners of such magazines lawfully possessed before the law's enactment are exempt from the prohibition. The law applies to devices not already covered under current exemptions for law enforcement, nuclear security, and retired officers.

Maddy summaryThe HEAL Act (HR 603) requires the U.S. Holocaust Memorial Museum Director to study how public elementary and secondary schools teach about the Holocaust and related antisemitism. The study will examine curriculum requirements, teaching methods (like project-based learning), instructional materials, and assessment approaches across states and school districts. It specifically analyzes whether Holocaust education is mandatory, optional, or integrated across subjects, and how schools address antisemitism and genocide prevention. The resulting report, due within 180 days of the study or three years after enactment, will inform Congress but does not change current school policies. This is a data-gathering measure, not a policy mandate.

Maddy summaryThis bill creates a 20% tax credit for property owners who convert older office buildings (at least 25 years old) to residential, retail, or other commercial uses. To qualify, conversions must meet specific requirements, including that for residential conversions, at least 20% of units must be rent-restricted for low-income residents (earning 80% or less of area median income). The credit applies to qualified conversion costs incurred after the bill's enactment and aims to encourage revitalizing downtown areas with excess office space. This policy change directly affects commercial property owners and developers who convert eligible buildings.

Maddy summaryHR 217 requires online retailers operating websites or mobile apps to clearly disclose the country of manufacture or final assembly for products sold through those platforms. It directly affects businesses selling retail products online, such as e-commerce platforms and digital marketplaces, but excludes individuals selling via others' platforms (e.g., personal listings on eBay). The bill mandates this disclosure in a "clear and conspicuous" manner, enforced by the Federal Trade Commission as an unfair or deceptive practice under existing law. This creates a new transparency requirement specifically for digital retail sales, aligning online product labeling with similar rules for physical stores.

Maddy summaryHR 396, the Closing the Bump Stock Loophole Act of 2023, defines "bump stock" as any device or modification that increases the firing rate of a semi-automatic weapon to mimic a machine gun. The bill amends federal tax and firearms laws to classify bump stocks as prohibited devices under the National Firearms Act, requiring existing owners to register them within one year of enactment. It directly affects individuals who currently own bump stocks by mandating registration to avoid future possession prohibitions. The law takes effect immediately for new sales but provides a one-year grace period for existing owners to comply with registration requirements.

Maddy summaryHRES 36 is a symbolic resolution supporting Korean American Day, introduced by multiple House members on January 13, 2023. It honors the 120th anniversary of the 1903 arrival of the first large wave of Korean immigrants to the U.S. and recognizes Korean Americans' contributions to U.S. society, economy, and the U.S.-South Korea alliance. The resolution urges all Americans to observe Korean American Day to appreciate these contributions but does not create new laws or affect any specific group through policy changes. It is a commemorative measure without binding requirements.

This joint resolution proposes a constitutional amendment authorizing Congress and the states to (1) regulate and impose reasonable viewpoint-neutral limitations on the raising and spending of money by candidates and others to influence elections; and (2) regulate and enact public campaign financing systems, including those designed to restrict the influence of private wealth by offsetting the raising and spending of money by candidates and others with increased public funding. The amendment grants Congress and the states the power to implement and enforce this amendment by legislation. They are allowed to distinguish between natural persons and corporations or other artificial entities created by law, including by prohibiting such entities from spending money to influence elections.

Maddy summaryHR 51, the Washington, D.C. Admission Act, would admit Washington, D.C. as the 51st state, named "Washington, Douglass Commonwealth," granting its residents full representation in Congress with two Senators and one Representative. The bill establishes procedures for admission, including elections for state officials, with the state initially having one Representative until the next congressional apportionment. It would create a "Capital" area (including the White House, Capitol, and other key federal buildings) that remains under federal jurisdiction as the seat of the U.S. government, while the rest of the District becomes the new state. The bill also includes provisions to ensure continuity of federal services, property management, and legal procedures during the transition to statehood.

American Music Fairness Act of 2022 This bill establishes that the copyright holder of a sound recording shall have the exclusive right to perform the sound recording through an audio transmission and addresses other related issues. (Currently, the public performance right only covers performances through a digital audio transmission in certain instances, which means that nonsubscription terrestrial radio stations generally do not have to secure a license to publicly perform a copyright-protected sound recording.) Under the bill, a nonsubscription broadcast transmission must have a license to publicly perform such sound recordings. The Copyright Royalty Board must periodically determine the royalty rates for such a license. When determining the rates, the board must base its decision on certain information presented by the parties, including the radio stations' effect on other streams of revenue related to the sound recordings. Terrestrial broadcast stations (and the owners of such stations) that fall below certain revenue thresholds may pay certain flat fees, instead of the board-established rate, for a license to publicly perform copyright-protected sound recordings.