Maddy summaryHR 1379, titled the *Access to Small Business Investor Capital Act*, simplifies reporting requirements for investment companies that hold shares in business development companies (BDCs). The bill allows registered investment companies (like mutual funds) to exclude BDC-related fees and expenses from their standard "Acquired Fund Fees and Expenses" calculations in registration statements, instead disclosing these costs in a footnote. This change directly affects investment companies managing portfolios with BDC investments and the BDCs themselves, reducing administrative complexity. The provision modifies existing SEC disclosure rules under the Investment Company Act of 1940 without creating new capital access for small businesses.
Rep. Daniel Meuser
Sponsored bills
American Safety And Fairness through Expedited Removal Act of 2023 or the American SAFER Act of 202 3 This bill expands the classes of non-U.S. nationals ( aliens under federal law) who are subject to expedited removal (i.e., removal from the United States without further hearing or review). Specifically, the bill nullifies a 2004 Department of Homeland Security (DHS) rule that generally limits expedited removal to certain situations, such as for non-U.S. nationals encountered within 14 days of entry into the United States without inspection and within 100 miles of a U.S. international land border. The bill also (1) prohibits DHS from implementing a rule that limits expedited removal based on how far a non-U.S. national was from the border when encountered or apprehended, and (2) modifies the relevant statute to state that expedited removal authority applies regardless of where the non-U.S. national was encountered or apprehended.
Maddy summaryThe TABS Act of 2023 would rename the Consumer Financial Protection Bureau (CFPB) to the Consumer Financial Empowerment Agency (CFEA) throughout U.S. federal law. This bill would change the agency's name in the Consumer Financial Protection Act of 2010 and over 25 other federal statutes, including the Dodd-Frank Act and Truth in Lending Act. The bill does not alter the agency's responsibilities, authority, or budget structure - only its name. This is a procedural change affecting all federal documents, regulations, and references to the agency.
Maddy summaryHR 1388 authorizes the minting of commemorative coins to honor the 1865 Sultana steamboat disaster, the deadliest maritime tragedy in U.S. history. It specifies three coin types ($5 gold, $1 silver, and half-dollar) with defined weights and compositions, to be sold at face value plus surcharges ($35, $10, and $5 per coin, respectively). All surcharges collected will fund the Sultana Historical Preservation Society for museum development, including exhibits, artifact preservation, and facility construction. The coins are legal tender but intended for collectors, with sales limited to a one-year period starting January 2023.
Public Diplomacy Modernization Act of 2023 This bill establishes measures related to public diplomacy conducted by the Department of State. Specifically, the bill directs the State Department to appoint a Director of Research and Evaluation in the State Department's Office of Policy, Planning, and Resources for Public Diplomacy and Public Affairs. The director's responsibilities shall include (1) overseeing research to improve State Department public diplomacy strategy and tactics, and (2) developing guidance and training for public diplomacy officers on interpreting and implementing public diplomacy-related research. The bill directs the U.S. Advisory Commission on Public Diplomacy to establish a Subcommittee on Research and Evaluation. The subcommittee shall provide advice regarding audience research, digital analytics, and impact evaluations carried out by the State Department and the U.S. Agency for Global Media. The bill directs the State Department to establish a working group to analyze a potential transition to a shared-services model for human resources, travel, purchasing, and all other executive support functions for all bureaus that report to the Under Secretary for Public Diplomacy. The State Department shall adopt certain guidelines related to collecting and utilizing information in the event of a closure or consolidation of a public diplomacy facility.
Congressional Oversight of Russian Sanctions Act This bill requires the President to determine, within 60 days of receiving a request from Congress, whether a person (individual or entity) described in the request meets the criteria to be subject to sanctions imposed in two specified executive orders relating to Russia. The executive orders, dated April 15, 2021, and August 20, 2021, impose sanctions for certain activities including (1) efforts by Russia's government to undermine U.S. elections and democratic institutions, and (2) the construction of specified Russian energy pipelines. The President must also submit a report to Congress stating whether the President imposed or intends to impose sanctions on any person described in such a request from Congress.
Maddy summaryHR 1310 (SHARE Act) requires the FBI to share criminal history records with state licensing agencies when needed for professional licensing checks across state lines through existing interstate compacts. It directly affects state licensing boards (like those for nurses or contractors) and individuals applying for licenses in multiple states. The bill mandates that states use this data *only* for license applications and prohibits sharing it with other agencies or the public, while allowing a simple "pass/fail" notification to the compact’s governing body.
Maddy summaryThis bill amends the Higher Education Act to exempt certain family-owned assets from being counted when calculating federal student aid eligibility. Specifically, it excludes family farms where the family resides and small businesses with 100 or fewer full-time equivalent employees owned and controlled by the family. These assets will no longer be considered when determining a student's financial need for aid programs. The change directly affects students from qualifying family farms or small businesses when applying for federal financial aid. The exemption applies to assets held by the family, not just the business itself.
Maddy summaryHR 1263, the Transformation to Competitive Integrated Employment Act, aims to end the use of special certificates that allow employers to pay people with disabilities below minimum wage or customary rates for similar work. The bill requires employers currently using these certificates to transition to competitive integrated employment where individuals with disabilities receive at least minimum wage or the customary rate for similar work. It creates grant programs for states and specific employers to support this transition, with a timeline to phase out special certificates over four years. The act also establishes reporting requirements and technical assistance to help individuals with disabilities find and retain integrated employment.
Denying Regulatory Interference with Landowners and Legislatures Now Act or the DRILL Now Act This bill bars certain interstate river basin commissions from finalizing, implementing, or enforcing any regulation relating to hydraulic fracturing unless it is issued by the state in which the regulation is to be implemented or enforced. These commissions are the Susquehanna River Basin Commission (New York, Pennsylvania, and Maryland), the Delaware River Basin Commission (Delaware, New Jersey, Pennsylvania, and New York), and the Interstate Commission on the Potomac River Basin (Maryland, Pennsylvania, Virginia, West Virginia, and the District of Columbia).