Rep. Andy Barr

Maddy summaryHR 4346, the Small Bank Holding Company Relief Act of 2023, requires the Federal Reserve to raise the asset threshold for small bank holding companies from its current level to $10 billion. This change would exempt smaller banks (with consolidated assets under $10 billion) from certain regulatory requirements they currently face. The policy update must be implemented within 180 days of the bill’s enactment.

Maddy summaryThe SAFE Act of 2023 extends a 2018 law that prohibits slaughtering animals for human consumption to include horses, donkeys, and other equine animals, such as ponies. It amends Section 12515 of the Agriculture Improvement Act of 2018 by updating the language to replace "dog or cat" with "dog, cat, or equine" in both the section title and the main prohibition. This change directly affects the livestock industry and slaughter facilities by banning the processing of equines for food. The bill modifies existing law without adding new enforcement mechanisms, closing a gap in animal protection.

Maddy summaryHJRES 44 is a congressional resolution seeking to block a 2021 rule by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF). The rule classified firearms with stabilizing braces as "short-barreled rifles," which would have required additional licensing and regulation. This resolution uses a specific legal process (under Title 5, U.S. Code) to formally disapprove the ATF rule, meaning the rule would no longer be in effect. It directly affects firearm owners, manufacturers, and dealers who would have been subject to the rule’s requirements.

Maddy summaryThis bill amends the Arms Export Control Act to formally include India in existing eligibility provisions for foreign military sales and exports. It updates specific sections of the law to add "India" alongside other qualifying countries like New Zealand and Israel where the text currently lists them. The change directly affects U.S. military sales to India by streamlining its eligibility under current export control rules, without creating new requirements or altering existing policies.

Maddy summaryHJRES 45 is a congressional disapproval resolution targeting a specific Department of Education rule about federal student loans. It seeks to block the rule implementing "One-Time Federal Student Loan Debt Relief" (including modifications to Perkins, FFEL, and Direct Loan programs) by invoking the Congressional Review Act. If passed, this resolution would nullify the rule, preventing the Department of Education from using it to modify or waive student loan obligations. The bill directly affects borrowers who might have qualified for debt relief under the targeted rule.

Maddy summaryHR 4245, the "Enforce the Caps Act," sets specific annual spending limits for discretionary federal programs from fiscal years 2026 through 2029. It establishes new budget authority caps at $1.622 trillion for 2026, increasing to $1.671 trillion for 2029. The bill directly affects how Congress allocates funds for non-mandatory programs like education, transportation, and defense by legally binding these spending levels. This is a procedural adjustment to existing budget control law, not a new policy affecting specific groups or creating new programs.

Maddy summaryHR 4237, the Ensuring Sound Guidance Act, requires investment advisors and retirement plan fiduciaries to prioritize financial factors (like investment returns and costs) when making decisions for clients or plan participants. It mandates that non-financial factors (such as environmental or social goals) can only be considered if the client provides written consent, and advisors must then disclose the expected and actual financial impact over a three-year period. The bill amends the Investment Advisers Act and ERISA to enforce this standard, with changes taking effect 12 months after enactment. Additional provisions direct studies on state pension plans, climate disclosures in municipal bonds, and rules preventing payments to officials for government business.

Maddy summaryHR 277 would require Congress to approve major federal regulations before they take effect. Major rules are defined as those with significant economic impact ($100 million+ annually), major cost increases for consumers or industries, or significant adverse effects on competition, employment, or innovation. Agencies must submit detailed information about these rules to Congress, including cost-benefit analyses, before they can take effect. Congress would have 70 session days to approve the rule with a joint resolution; if they don't act within that timeframe, the rule would not take effect. This would increase congressional oversight of federal regulations and require more detailed information about proposed rules before they become law.

Maddy summaryThis bill exempts community banks (defined as institutions with under $5 billion in assets) from special assessments the FDIC must charge to recoup losses from using its "systemic risk exception" following the 2023 failures of Silicon Valley Bank and Signature Bank. It amends the FDIC Act to require the FDIC to fully exempt these smaller banks, while creating a graduated system where larger banks ($50 billion+ in assets) pay a significantly larger share of the assessment. The bill directly affects rural banks, community development financial institutions, and minority depository institutions that did not contribute to the recent banking failures. It focuses solely on adjusting how the FDIC recoups costs from the systemic risk exception, not on preventing future bank failures.

Protecting Consumers from Abusive Mortgage Leads Act This bill prohibits a credit reporting agency from providing a consumer's credit report to a third party in connection with a mortgage transaction unless (1) the third party provides documentation certifying that it has the consumer's consent, or (2) the third party has a current financial service relationship with the consumer.