Maddy summaryThis joint resolution seeks congressional disapproval of a Department of Labor rule published in the Federal Register on December 1, 2022 (87 Fed. Reg. 73822), which addressed "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights." If enacted, it would block the rule from taking effect, directly affecting retirement plan fiduciaries (such as those managing 401(k) plans) who must follow these standards. The resolution uses a specific disapproval process under Chapter 8 of Title 5, U.S. Code, to nullify the rule without altering its content. This is a procedural action targeting the rule's implementation, not a new policy.
Sponsored bills
Maddy summaryS 293, the Fair Access to Banking Act, prohibits large financial institutions (with $10 billion+ in assets) from denying banking services to lawful businesses based on political reasons, bias, or industry category. It requires these "covered banks" to justify service denials using documented, objective risk assessments - not subjective political judgments - and to provide written explanations for denials. The bill directly affects businesses operating legally in industries often targeted by banks (like cannabis or firearms), ensuring equal access to services like loans, credit cards, or payment processing. Violations allow affected businesses to sue for treble damages and attorney fees, with payment networks and credit unions also barred from blocking access based on "reputational risk."
Maddy summaryThis bill formally designates the mountain and surrounding area at Devils Tower National Monument in Wyoming (with specified coordinates) as "Devils Tower" in all federal references. It updates all U.S. government documents, maps, and records to use the name "Devils Tower" instead of previous descriptions, ensuring consistency with the established common name. The bill does not change any policies, land use, or affect residents or visitors.
Maddy summaryThe Cattle Price Discovery and Transparency Act of 2023 requires large cattle packers to report detailed information about their cattle purchases and contracts to improve market transparency. The bill establishes mandatory minimums requiring packers to purchase a certain percentage of cattle through transparent pricing mechanisms like negotiated deals, rather than private contracts. Packers must also report daily slaughter schedules and carcass weights more frequently, and create a public library of all cattle purchase contracts. These requirements directly affect major cattle packers and aim to give cattle producers more information about market prices.
Maddy summaryS 225, the Stop Settlement Slush Funds Act of 2023, prohibits U.S. federal agencies from including settlement agreements that direct payments to third parties (like charities or community groups) unless the payment directly reimburses harm caused by the settling party or covers services related to the case. The bill requires agencies to report annually to Congress on settlements involving such third-party payments and mandates annual audits by agency Inspectors General for violations. It applies to all federal agencies and settlement agreements entered into after the law's enactment, with reporting requirements starting one year post-enactment and ending after seven years. The law does not create new funding for these reporting or audit tasks.
Maddy summaryThis bill would allow individuals with valid concealed carry permits from their home state to carry concealed handguns in other states that either permit concealed carry for residents or don't ban it. It requires permit holders to have a government-issued ID, meet federal firearm possession rules, and carry only handguns (excluding machineguns or destructive devices). Carrying would still follow local restrictions in the destination state, such as bans in schools or government buildings. The bill does not change how states issue permits but creates automatic recognition of valid permits across participating states.
Maddy summaryThis bill modernizes regulations for rural health clinics under Medicare by reducing administrative burdens. It allows clinics to contract with physician assistants and nurse practitioners (instead of requiring direct employment), simplifies requirements for lab access, and adjusts geographic definitions to better serve rural areas. Clinics located in non-urban areas (over 50,000 population) and those in mental health shortage areas gain specific flexibility. The changes apply to services furnished on or after January 1, 2024.
Maddy summaryThis bill prohibits the U.S. Department of Energy from selling petroleum products from the Strategic Petroleum Reserve to any entity owned or controlled by China, or to entities that might later export those products to China. It directly affects the Department of Energy’s management of the reserve and Chinese entities seeking to purchase U.S. oil. The key mechanism requires the Secretary of Energy to block sales to China-linked entities and to ensure any sale does not result in the petroleum being exported to China. This is a direct restriction on existing reserve operations, not a new policy. The bill applies to all current and future sales from the reserve.
Maddy summaryThis bill requires healthcare providers performing abortions to provide the same immediate medical care and hospital admission to any infant born alive during or after the procedure, as they would for any newborn. It mandates reporting of any failure to provide this care to law enforcement and imposes penalties including fines or up to 5 years in prison for violations. Women who undergo abortions may pursue civil lawsuits for damages, including compensation for physical/psychological harm and three times the abortion cost, if providers fail to comply. The law directly affects abortion providers, hospitals, and the women receiving abortion services.
Maddy summaryThe Regulations from the Executive in Need of Scrutiny Act of 2023 would require Congress to approve most major federal regulations before they take effect. Major rules, defined as those with significant economic impact (estimated at $100 million or more annually), would need a joint resolution of approval from both chambers within 70 days. Agencies would be required to submit detailed reports to Congress before rules take effect, including cost-benefit analyses, economic effects, and other relevant information. This would increase congressional oversight of the regulatory process, though it includes exceptions for national security, emergencies, and monetary policy rules.