Maddy summaryThis bill would restructure the Consumer Financial Protection Bureau (CFPB) from a single-director agency to a 5-member commission with staggered terms, requiring at least 2 members to have private sector experience in consumer financial services. It would require the CFPB to conduct detailed cost-benefit analyses for proposed rules, including impacts on small businesses, and establish an Office of Economic Analysis to assess regulatory impacts. The bill would also create a whistleblower program that would award up to 30% of monetary sanctions collected to individuals who provide original information leading to successful enforcement actions. These changes would directly affect the CFPB's internal operations, rulemaking process, and its engagement with small businesses and whistleblowers. The bill aims to increase transparency, accountability, and economic analysis in the CFPB's regulatory decisions.
Sponsored bills
Maddy summaryH.J.Res. 66 disapproves a specific rule issued by the Consumer Financial Protection Bureau (CFPB) regarding small business lending under the Equal Credit Opportunity Act (Regulation B). The resolution, if passed, would prevent this CFPB rule from taking effect by declaring it "have no force or effect." The rule in question (88 Fed. Reg. 35150) aimed to clarify how lenders must evaluate small business loan applications under existing equal credit laws. This disapproval directly affects the CFPB's regulatory authority and would block the rule's implementation for small business lenders and financial institutions.
Maddy summaryHR 6375, the MARINA Act, standardizes fees and lease terms for marinas operating under commercial concessions at U.S. Army Corps of Engineers facilities. It limits rental fees to 1% of specific marina receipts (like fuel and boat sales) and establishes a tiered fee system: up to $50,000 for major land-disturbance projects, $5,000 for moderate reviews, and $1,000 for routine activities, while banning fees for standard renewals. The bill requires 50-year initial leases (25 years for renewals) and mandates a public fee schedule. It directly affects marina operators leasing space at Corps sites, ensuring consistent fee structures across all districts without altering existing leases.
Maddy summaryHR 6398 raises asset thresholds for financial institution regulations, directly affecting banks and credit unions with $10 billion to $50 billion in assets. It increases the $10 billion threshold to $50 billion across multiple rules, including consumer protection oversight, payment processing requirements, investment restrictions (Volcker Rule), mortgage standards, and capital rules. This change exempts larger institutions from stricter regulations previously applied to those under the old $10 billion limit. The bill makes regulatory requirements less stringent for a broad range of mid-sized financial firms by expanding the asset size threshold.
Maddy summaryThis bill establishes a competitive grant program to improve recycling access in underserved communities - defined as areas lacking full recycling services due to cost, distance, or insufficient processing capacity. It allocates $30 million annually (2023-2027) for grants to eligible entities like states, local governments, tribes, or public-private partnerships to fund projects such as expanding transfer stations, adding curbside collection, or creating hub-and-spoke infrastructure networks. Grants range from $500,000 to $15 million per project, with 70% of funds reserved for single or multiple underserved communities, and require 90% federal cost coverage (with possible waivers for financial hardship). The program prohibits grant use for education and mandates a congressional report on implementation and outcomes within two years.
Maddy summaryThis bill appropriates $14.3 billion in supplemental security funding to Israel following the October 7, 2023 attacks. The funding includes $4 billion for Iron Dome and David's Sling defense systems, $1.35 billion for the Iron Beam defense system development, and $3.5 billion for foreign military financing. The bill requires regular reporting to Congress on security assistance provided to Israel and designates all funds as "emergency requirements" under federal budget law. It also modifies existing laws to facilitate the transfer of defense articles and services to Israel, aiming to strengthen Israel's defense capabilities against rocket threats.
Maddy summaryThe SHIP Act imposes sanctions on foreign entities that knowingly handle Iranian petroleum, targeting those involved in port operations, transportation, refining, or ship-to-ship transfers of Iranian oil. Starting 90 days after enactment, the President must block assets, deny visas, and impose penalties on individuals or companies engaging in these activities, including family members or owners of sanctioned entities. It requires annual reports tracking Iran's oil exports, revenues, and key players like shipping companies and ports. The sanctions terminate if the President certifies Iran has stopped supporting terrorism and dismantled weapons programs.
Maddy summaryHR 6201, the Iranian Sanctions Enforcement Act of 2023, creates the Iran Sanctions Enforcement Fund to cover costs related to seizing and forfeiting property from Iran or its designated proxies (like Hezbollah or the Revolutionary Guard Corps) that violate U.S. sanctions. The fund, initially $150 million, pays for investigative costs, property management, informant rewards, and equipment for federal, state, and local agencies involved in enforcement. It also establishes an Export Enforcement Coordination Center within Homeland Security to improve interagency cooperation on enforcing export controls targeting Iran. The bill requires annual reports on fund usage and mandates repayment of the initial $150 million by 2034, unless waived for national security reasons.
Maddy summaryThis bill denies U.S. green energy tax credits to companies connected to specific countries. It targets companies created in, controlled by, or owned by entities linked to China, Russia, Iran, or North Korea. The law amends the tax code to exclude these "disqualified companies" from claiming credits under sections covering solar, wind, and other clean energy investments. This directly affects U.S. businesses with ties to those nations seeking federal tax benefits for green energy projects.
Maddy summaryHRES 559 is a non-binding House resolution declaring U.S. policy that a nuclear-armed Iran is unacceptable. It states the U.S. must prevent Iran from obtaining nuclear weapons under any circumstances, use all means necessary to stop this, and support allies like Israel in doing so. The resolution does not create new laws or programs but formally expresses congressional position on Iran's nuclear program. It directly affects U.S. foreign policy direction and diplomatic messaging, not specific individuals or groups.