Rep. Young Kim

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 summaryThe Financial Exploitation Prevention Act of 2023 requires investment companies and transfer agents to implement safeguards for "specified adults" (individuals aged 65+ or those with a mental/physical impairment that limits their ability to protect their own financial interests) who hold direct-at-fund accounts. It mandates collecting contact information for a trusted person to help verify account activity, and allows delaying redemption payments (for up to 25 business days total) if financial exploitation is suspected, after notifying the trusted contact and conducting an internal review. The law also requires detailed record-keeping, internal procedures for handling delays, and directs the SEC to submit a report to Congress within one year on further regulatory needs.

Maddy summaryThis symbolic House resolution (HRES 72) recognizes independent workers, contractors, and freelancers for their economic contributions to the U.S. It highlights their role in the growing flexible work economy and acknowledges the benefits of flexible work arrangements, such as freedom in hours and locations. The resolution does not create new laws or alter existing policies - it solely serves as a formal acknowledgment of these workers' significance to the economy. It references their $1.35 trillion economic contribution in 2022 and their growing share of the workforce (39% of U.S. workers).

Colonel Young Oak Kim Congressional Gold Medal Act This bill provides for the award of a Congressional Gold Medal posthumously to Colonel Young Oak Kim in recognition of his achievements and contributions to heroism, leadership, and humanitarianism.

Fire Information and Reaction Enhancement Act of 2023 or the FIRE Act of 2023 This bill establishes certain programs to improve wildfire forecasting and detection within the National Oceanic and Atmospheric Administration, including the development of weather research testbeds. (Testbeds are collaborative spaces where researchers and forecasters work alongside each other to integrate new systems into models, test and streamline data assimilation methods, and otherwise improve weather products and services for the benefit of the public.)

Maddy summaryThe Educational Choice for Children Act creates tax credits for individuals and corporations that contribute to scholarship granting organizations providing education scholarships. Individuals can claim a credit up to $5,000 or 10% of their income, while corporations can claim up to 5% of taxable income. The scholarships are available to students from households with income up to 300% of the area median income, and can be used for private school tuition, tutoring, and other educational expenses at elementary and secondary schools. The bill includes strict requirements for scholarship organizations to verify income, conduct audits, and prevent misuse of funds, while also prohibiting government control over these organizations and protecting private and religious schools from discrimination in the program. It establishes a $10 billion annual cap on the total tax credits available.

Maddy summaryThis bill requires healthcare providers to give the same medical care to infants born alive during abortions as they would to any newborn, and to immediately admit such infants to a hospital. It mandates reporting of non-compliance to law enforcement and imposes penalties including up to 5 years in prison for violations. Women who undergo abortions can file civil lawsuits seeking money damages for injuries, three times the abortion cost, and punitive damages if care standards are not met. The bill also clarifies that abortion includes intentionally killing an unborn child or terminating pregnancy without specific exceptions (e.g., after viability to preserve life or removing a dead fetus).

Maddy summaryHRES 49 is a symbolic House resolution recognizing the cultural and historical significance of Lunar New Year in 2023. It formally acknowledges Lunar New Year's origins in China over 4,000 years ago, its celebration across East and Southeast Asia (including the Year of the Rabbit in Chinese tradition and Year of the Cat in Vietnamese tradition), and its observance by millions of Asian Americans and others in the U.S. The resolution expresses respect for Asian Americans and all global communities celebrating this holiday and extends well-wishes for a prosperous new year. As a ceremonial resolution, it has no legal effect or policy changes - it solely serves to affirm cultural recognition.

Maddy summaryThis bill prohibits the export or sale of petroleum products drawn from the U.S. Strategic Petroleum Reserve to specific countries and entities, including China, Russia, North Korea, Iran, and any nation under U.S. sanctions. It also bans exports to entities owned or controlled by these countries or the Chinese Communist Party. The Secretary of Energy must enforce this ban, though they may issue a national security waiver for specific exports. The bill requires the Secretary to issue implementing rules within 60 days of enactment. It directly affects the Secretary of Energy, oil exporters seeking to use the Strategic Petroleum Reserve, and the listed countries/entities.

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.