Rep. Glenn Grothman

Maddy summaryThis bill prohibits financial institutions (like banks and credit card processors) from using special transaction codes that separately identify firearm or ammunition sellers. It directly affects gun retailers and the financial services they use, ensuring these businesses are treated the same as other merchants for payment processing. The key provision amends the Truth in Lending Act to ban covered entities from categorizing firearm transactions differently, requiring uniform handling of all business types. This changes how payment systems classify transactions but does not alter gun ownership laws.

Maddy summaryThis bill requires the Pentagon to obtain a clean audit of its finances. If the Department of Defense fails to get an unqualified audit (a "clean" opinion) for a department or agency, it triggers automatic spending cuts: 0.5% in the first year of failure and 1.0% in subsequent years. These cuts apply broadly across programs but exclude military personnel, National Guard, reserve forces, and the Defense Health Program. The President may temporarily waive cuts for national security reasons, but must justify the waiver to Congress. The goal is to link defense spending to financial accountability, using existing audit standards.

Maddy summaryHR 2937, the Repeal CFPB Act, would end the Consumer Financial Protection Bureau (CFPB) by repealing the 2010 law that created it. If passed, this bill would eliminate the CFPB entirely, restoring all financial regulations and enforcement powers that existed before the CFPB was established. It directly affects consumers and financial institutions that currently interact with the CFPB for oversight of products like mortgages, credit cards, and loans. The key mechanism is a complete repeal of the Consumer Financial Protection Act of 2010, reversing the creation of the agency and returning regulatory authority to other agencies like the Federal Reserve.

Maddy summaryHR 2933, the Federal Insurance Office Elimination Act, removes the Federal Insurance Office (FIO) and its director position from the Department of the Treasury. The bill updates references to the FIO in the Dodd-Frank Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act to instead reference the Treasury Secretary or other entities, without altering the Treasury Secretary’s existing insurance authority. This change streamlines federal insurance oversight by eliminating a dedicated office while maintaining the Treasury’s role in insurance policy matters.

Maddy summaryHR 2928, the Responsible Borrower Protection Act of 2023, blocks the Federal Housing Finance Agency (FHFA) and mortgage enterprises (Fannie Mae and Freddie Mac) from implementing specific changes to mortgage credit fees announced in January 2023. The bill directly affects mortgage borrowers and lenders by reversing a pricing framework update that would have altered fees for single-family mortgages. It prohibits the FHFA from enforcing the January 2023 pricing changes detailed in FHFA's announcement and related lender letters. The bill clarifies that enterprises may still use risk-based pricing for mortgage fees, but the specific fee adjustments from the 2023 framework are canceled. This is a direct policy change to mortgage fee structures, not a broader reform.

Maddy summaryHR 2826, the Save Local Business Act, clarifies when multiple businesses can be held jointly responsible for labor laws. It amends the National Labor Relations Act and Fair Labor Standards Act to state that a business is only a joint employer if it directly controls key employment terms like hiring, pay, schedules, or discipline for another business's workers. This directly affects franchisors, contractors, and similar business models that might previously have been deemed joint employers under broader interpretations. The bill aims to limit joint employer liability to cases where one business has clear, day-to-day control over essential worker conditions.

Go Woke, Go Broke Act This bill abolishes the Advisory Committee on Racial Equity in the Department of the Treasury. The bill also prohibits Treasury from reestablishing this advisory committee or establishing any substantially similar advisory committee.

American Innovation and R&D Competitiveness Act of 2023 This bill eliminates the five-year amortization requirement for research and experimental expenditures, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.

Maddy summaryThe Latonya Reeves Freedom Act of 2023 strengthens the Americans with Disabilities Act's requirement that individuals with disabilities receive long-term services and supports in community settings rather than institutions. It defines "community-based" services to include specific housing options where individuals with disabilities can live independently with maximum control over their lives, including access to integrated housing, employment, and community participation. The bill requires states to develop transition plans to move people from institutional settings to community-based services within 12 years, with measurable annual targets for reducing institutionalization. It establishes enforcement mechanisms through the Department of Justice and Department of Health and Human Services to ensure compliance with these requirements.

Maddy summaryHR 2712, the Work Not Woke Act, prohibits federal agencies, contractors, and grant recipients from using workplace training that promotes specific "divisive concepts," such as claiming inherent superiority of a race or sex, blaming individuals for historical actions, or suggesting meritocracy is racist. It directly affects federal contractors (requiring contract clauses banning such training), federal agencies (mandating review of diversity training), and grant recipients (requiring certification against using federal funds for prohibited training). Key mechanisms include a Department of Labor hotline for complaints, mandatory contract provisions for contractors, and a ban on using federal funds for three executive orders focused on racial equity. The law permits diversity efforts that do not promote the banned concepts and requires agencies to certify compliance with its provisions.