Sen. Josh Hawley

Maddy summaryThis bill requires banks with over $10 billion in assets to claw back certain executive compensation if the bank fails. It directly affects executives, directors, and controlling shareholders at large banks that cause significant financial harm or fail. The key provision mandates recovery of salary, bonuses, equity awards, and other covered compensation paid within the prior three years when a bank becomes insolvent or is resolved. Any recovered funds must be deposited into the Deposit Insurance Fund. This amends existing banking law to strengthen accountability for executive pay during bank failures.

Maddy summaryThis joint resolution (SJRES 18) disapproves a Department of Homeland Security rule that would have expanded the "public charge" standard for immigration. The rule, published in the Federal Register on September 9, 2022, aimed to deny visas or green cards to immigrants who might rely on public benefits like housing or food assistance. By passing this resolution, Congress blocks the rule from taking effect, meaning immigrants applying for visas or permanent residency would not face this specific eligibility barrier. The resolution directly affects non-citizens seeking to enter or remain in the U.S. under immigration processes.

Maddy summaryThis resolution designates the week of May 14-20, 2023, as "National Police Week" to honor law enforcement officers who have died in the line of duty. It recognizes 444 officers killed in 2022 (including specific names listed in the resolution) and acknowledges 32 officers killed in 2023, while expressing support for law enforcement personnel. The resolution encourages the public to observe this week by honoring law enforcement officers and promoting awareness of their essential service. As a ceremonial resolution, it does not create new policy or alter existing laws.

Maddy summaryThe Sunshine for Regulatory Decrees and Settlements Act of 2023 requires federal agencies to publicly share proposed regulatory settlements and consent decrees 60 days before court filing, including the legal basis and key terms like attorney fee awards. Agencies must accept and respond to public comments during this period and submit comment summaries to courts when seeking approval. The bill also mandates annual congressional reports on such settlements and sets new court review standards to ensure agencies can follow proper rulemaking procedures. This affects how agencies handle disputes with private parties and government entities, increasing transparency in regulatory agreements.

Maddy summaryThis bill prohibits the Thrift Savings Fund (TSP), which invests retirement savings for federal employees and retirees, from purchasing or holding any "security of concern." A "security of concern" includes stocks or investments tied to companies based in, or generating significant revenue from, countries identified as national security threats by the Director of National Intelligence. The rule bans these investments directly and through indirect methods like derivatives or mutual funds, with the TSP Executive Director required to consult the Securities and Exchange Commission biennially to ensure compliance. The policy change directly affects TSP investment options and participant retirement accounts.

Maddy summaryThis bill requires the FDIC to reclaim certain compensation paid to executives at failed banks if they were responsible for the institution's failure. It defines "covered compensation" to include salary, bonuses, stock awards, and performance-based pay received within the previous five years. The FDIC would claw back this compensation and deposit the funds into the Deposit Insurance Fund. This directly affects bank executives at institutions that fail, ensuring they bear losses tied to their responsibility for the bank's condition.

Maddy summaryThe Securing Open Source Software Act of 2023 requires federal agencies to improve the security of open source software, which is widely used in government systems and critical infrastructure. The bill mandates that the Department of Homeland Security develop a framework for assessing security risks in open source software components, conduct regular assessments of software used by federal agencies, and coordinate with the open source community. It establishes pilot programs for federal agencies to create "open source functions" modeled after those in the private sector to manage risks and encourage secure usage. The law affects all covered federal agencies and requires them to report on their efforts to Congress. This represents a concrete policy change that shifts federal responsibility toward securing the open source software ecosystem.

Maddy summaryThis bill prohibits federal funding - including Medicaid, ACA subsidies, and other federal health programs - from covering gender transition procedures. It specifically bans taxpayer dollars from being used for medical services like hormone therapy, surgery, or puberty-blocking drugs related to gender transition, except for cases involving disorders of sex development or complications from such procedures (as defined in Section 306). The bill also clarifies that ACA premium credits and cost-sharing reductions cannot apply to health plans covering these procedures, though individuals or states may purchase separate non-federal coverage for them. It directly affects federal health programs and beneficiaries relying on government-funded healthcare.

Maddy summaryThe STOP CSAM Act of 2023 establishes a Child Online Protection Board within the Federal Trade Commission to oversee the removal of child sexual abuse material (CSAM) from online platforms. It requires platforms with over 1 million monthly users to remove CSAM within 48 hours (or 2 business days for small platforms) of receiving valid reports from victims or their representatives. Platforms must submit annual reports detailing their CSAM removal efforts, and face fines up to $200,000 per CSAM image for noncompliance, including repeat offenses. The law creates a streamlined process for victims to report CSAM while holding platforms accountable for content that harms children.

Maddy summaryThe EARN IT Act of 2023 establishes a National Commission on Online Child Sexual Exploitation Prevention to develop voluntary best practices for interactive computer services (such as social media platforms and messaging apps) to prevent, reduce, and respond to online child sexual exploitation. The Commission will create recommended practices considering different platform sizes and business models, including content moderation, reporting systems, and age verification measures. The bill updates federal law to replace the term "child pornography" with "child sexual abuse material" across numerous statutes and technical amendments. These best practices would be voluntary for platforms to adopt, not mandatory requirements, and must be supported by at least 14 of the Commission's 19 members. The Commission's recommendations will be updated every 5 years and published by the Department of Justice.