Putting America First
H.R. 5515 -- FY2019 National Defense Authorization Act (NDAA)
● This bill takes the crucial next steps to rebuilding our military and reforming the Pentagon. This legislation authorizes the $80 billion increase in defense spending approved by Congress. It increases funding for troop readiness and rebuilding our military, and includes a 2.6% pay raise for our troops.
H.R. 3364 -- Countering America’s Adversaries Through Sanctions Act (Signed into law)
● Includes sanctions against Iran, Russia, and North Korea -- including the Countering Iran's Destabilizing Activities Act of 2017, Countering Russian Influence in Europe and Eurasia Act of 2017, and Korean Interdiction and Modernization of Sanctions Act
H.R. 3898 - Otto Warmbier North Korea Sanctions Act
● Named after a U.S. student who died after he was imprisoned in North Korea, this bill would strengthen and expand existing sanctions and Congress’s oversight of North Korea sanctions.
H.R. 1698 -- Iran Ballistic Missiles and International Sanctions Enforcement Act
● Mandates the president impose sanctions on foreign persons and entities involved with Iran’s ballistic missile program and those who provide or receive conventional weapons from Iran.
H.R. 3898 -- Impeding North Korea's Access to Finance Act of 2017
● Imposes secondary sanctions to cut off Pyongyang’s ability to finance its weapons programs.
H.R. 4744 -- Iran Human Rights and Hostage-Taking Accountability Act
● Increase sanctions on the Iranian regime for egregious human rights violations. It will impose sanctions on Iranian officials and their family members responsible for politically motivated detentions of U.S. citizens and residents, or abuses against Iranian expatriates.
H.R. 1638 -- Iranian Leadership Asset Transparency Act
● Requires the Department of the Treasury to release an annual report of funds or assets held, directly or indirectly, by specific Iranian officials. This is an effort to prevent the financing of terrorism, money laundering, and to make financial institutions' required compliance with remaining sanctions more easily understood.
H.R. 4324 -- Strengthening Oversight of Iran's Access to Finance Act
● Requires the Department of the Treasury to report to the Congress on the financing of aircraft purchases by Iran. It directs the Secretary of the Treasury to certify whether or not those transactions involve activities that could be sanctioned under current law.
H.R. 1698 -- Iran Ballistic Missiles and International Sanctions Enforcement Act
● Requires a comprehensive investigation to identify and sanction the companies, banks, and individuals—both inside and outside of Iran—involved in this dangerous missile program. Penalizes those who trade in conventional weapons with Iran in violation of international restrictions.
H.R. 3329 -- Hezbollah International Financing Prevention Amendments Act
● Further ramps up pressure on entities that provide weapons to the terrorist organization Hezbollah. Targets Hezbollah’s fundraising and recruiting efforts—including its attempts to crowdsource small donations to support its fighters.
H.R. 3342 -- Sanctioning Hezbollah’s Illicit Use of Civilians as Defenseless Shields Act
● Identifies and sanctions Hezbollah commanders complicit in or responsible for ordering or directing the use of human shields. Extends sanctions to those who provide material support to those involved in this significant human rights abuse.
H.R. 3 – Spending Cuts to Expired and Unnecessary Programs Act (Rescissions)
● This bill rescinds approximately $15 billion in budget authority over 2018-2028 that was proposed to be rescinded by the president under procedures included in the Impoundment Control Act of 1974.
H.R. 2 -- SNAP Workforce Solutions (Farm bill)
● Creates a streamlined, simplified work requirement through meaningful investments in workforce development.
H.R. 1989 - VET TEC Act (Signed into law)
● Creates pilot program to provide eligible veterans with the opportunity to enroll in high technology programs of education through the GI Bill.
H.R.2353 - Strengthening Career and Technical Education for the 21st Century Act
● This bill amends the Carl D. Perkins Career and Technical Education Act of 2006 (Perkins Act) to help more Americans enter the workforce with the skills necessary to compete for and succeed in high-skilled, in-demand careers. It simplifies the application process for receiving federal funds and provides more flexibility to use federal resources to respond to changing education and economic needs.
H.R. 2842 - Accelerating Individuals Into the Workforce
● Provides funding for wage subsidies, encourages employers to work directly with state and local agencies to hire TANF recipients and provide them the work experience they need to secure a job.
H.R. 4111 -- Spurring Business in Communities Act of 2017
● Requires the Small Business Administration to put a focus on how applications are reviewed and processed, and help increase the amount of capital flowing throughout the Small Business Investment Company program to underserved areas of the country.
H.R. 1680 -- Women’s Business Centers Improvements Act of 2018
● Will reauthorize the Women’s Business Centers (WBCs) program for through 2022 and improve the accreditation process. There are more than 100 WBC educational centers throughout the United States, which are setup to help women starting and growing small businesses.
H.R. 3170 -- Small Business Development Center Cyber Security Training Act of 2017
● Establishes a cyber-counseling certification program in lead Small Business Development Centers to better assist small businesses with planning and implementing cybersecurity measures to defend against cyber-attacks.
H.R. 255 - Promoting Women in Entrepreneurship Act (Signed into law)
● Authorize the National Science Foundation to encourage its entrepreneurial programs to recruit and support women to extend their focus beyond the laboratory and into the commercial world.
H.R. 3219 – Provisions to Fully Fund the President’s Request for a Border Wall
● Fully funds President Trump’s FY2018 $1.6 billion request
H.R. 3004 – Kate’s Law
● Enhances penalties for individuals who unlawfully return to the United States.
H.R. 3003 - No Sanctuary for Criminals Act
● Strengthens the law to combat dangerous sanctuary policies that shield criminal unlawful immigrants from federal immigration enforcement.
H.R. 1 – Tax Cuts and Jobs Act (Signed into law)
● Major elements of the bill include reducing tax rates for businesses and individuals; a personal tax simplification by increasing the standard deduction and family tax credits, but eliminating personal exemptions and making it less beneficial to itemize deductions; limiting deductions for state and local income taxes (SALT) and property taxes; further limiting the mortgage interest deduction; reducing the alternative minimum tax for individuals and eliminating it for corporations; reducing the number of estates impacted by the estate tax; and repealing the individual mandate of the Affordable Care Act (ACA).
H.R. 26 - REINS Act
● The REINS Act requires every new regulation that costs more than $100 million to be approved by Congress. The idea behind this bill is simple: If a regulation from a federal agency is going to have a major impact on the economy, then Congress ought to have a say.
H.R. 5 - Regulatory Accountability Act
● This bill requires agencies to choose the least-costly option available to accomplish their goals. It also prohibits large rules from going into effect while they are being challenged in court. Further, it would end “Chevron deference,” a doctrine that stacks the legal system in favor of the bureaucracy by directing judges to defer to an agency’s interpretation of its own rules.
H.J. Res 38 – The Stream Buffer Rule (Signed into law)
● Repeals a rule that would have saddled mines with unnecessary regulations, putting up to 64% of America’s coal reserves off limits and threatening between 40,000 to 70,000 mining jobs.
H.J. Res 41 – The SEC Disclosure Rule for Resource Extraction (Signed into law)
● Repeals a rule that would have put an unreasonable compliance burden on publicly traded American energy companies, putting them at a disadvantage to foreign-owned businesses.
H.J. Res 40 – The Social Security Service’s Second Amendment Restrictions (Signed into law)
● Repeals a rule that would increase scrutiny on up to 4.2 million law-abiding disabled Americans attempting to purchase firearms, potentially depriving people of their constitutional rights without proper due process protections.
H.J. Res 37 – The Federal Contracts Blacklisting Rule (Signed into law)
● Repeals a rule that would unjustly block many businesses accused of violating labor laws from federal contracts before they’ve even had a chance to defend themselves in court.
H.J. Res. 36 -- The Bureau of Land Management Venting and Flaring Rule (Failed in the Senate)
● Repeals a rule that would further cap methane emissions in the oil and gas industry at a time when the industry is already dramatically reducing emissions, potentially wiping out family-owned marginal wells and costing an estimated $1 billion.
H.J. Res 44 – The Bureau of Land Management Planning 2.0 Rule (Signed into law)
● Repeals a rule that would reduce local authority over large swaths of land out west, massively expanding the federal government’s control more than 175 million acres of land—about 4,000 times the size of Washington, D.C.—in 11 western states.
H.J. Res 58 – The Teacher Preparation Rule (Signed into law)
● Repeals a rule that would force states to use Washington’s standards to determine whether a teacher preparation program is effective, undermining local control over education and potentially exacerbating the shortage of special education teachers.
H.J. Res 57 – The Education Accountability Rule (Signed into law)
● Repeals a rule that would be an unfunded mandate imposing Washington’s standard for how to assess schools on state and local governments.
H.J. Res. 42 – The Unemployment Insurance Drug Testing Rule (Signed into law)
● Repeals a rule that would severely restrict states’ ability to limit drug abusers from receiving unemployment benefits even if the drug users are not able and available for work, as the law requires.
H.J. Res 66 – The State Retirement Plan Rule (Signed into law)
● Repeals a rule that would treat employees unequally by allowing states to force some workers into second-tier government-run retirement accounts that lack the same protections as private-sector accounts.
H.J. Res 67 – The Local Retirement Plan Rule (Signed into law)
● Repeals a rule that would treat employees unequally by allowing certain localities to force some workers into second-tier government-run retirement accounts that lack the same protections as private-sector accounts.
H.J. Res 69 – The National Wildlife Hunting and Fishing Rule (Signed into law)
● Repeals a rule that would infringe on Alaska’s right to sustainably manage fish and wildlife by overregulating hunting—a move that could set the stage for the federal government to undermine local control across the U.S.
H.J. Res 43 – The Title X Abortion Funding Rule (Signed into law)
● Repeals a rule that would force states to administer Title X health funding to abortion providers, even if states want to redirect those funds to community health centers and hospitals that offer more comprehensive coverage.
H.J. Res 83 – The OSHA Power Grab Rule (Signed into law)
● Repeals a rule that is clearly unlawful. The law explicitly states that employers can only be targeted for failing to keep proper health and safety records within a six-month time period. The rule we overturned would have extended that to a full five years.
H.J. Res 34 - FCC Internet Service Provider Rule (Signed into law)
● This bill would treat internet service providers (ISPs) the same as other companies like Google and Facebook by applying the same privacy rules to everyone.
H.J. Res 111 – CFPB Rule (Signed into law)
● This bill would nullify the Consumer Financial Protection Bureau’s (CFPB) harmful arbitration rule.
S.J. Res. 57 – Congressional Review Act Resolution to disapprove the CFPB's 2013 Auto Bulletin (Signed into law)
● Nullifies the Consumer Financial Protection Bureau’s 2013 guidance addressing indirect auto lending. This guidance describes auto lenders’ responsibility, established by the Equal Credit Opportunity Act, to avoid discriminatory lending practices. Lending discrimination in the auto market, substantiated by data time and again, has long been prevalent.
Community Bank Relief (Dodd-Frank Reform)
S.2155 Economic Growth, Regulatory Relief, and Consumer Protection Act (Signed into law)
● Helps tailor regulatory standards for community banks and smaller financial institutions, which were disproportionately hurt by the one-size-fits-all regulations of Dodd-Frank. This will allow community banks to free up resources to do their jobs – supporting community growth and serving small businesses and entrepreneurs.
Access to Capital
H.R. 2664 – Promoting Transparency in Financial Reporting Act of 2009
● Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), and the Public Company Accounting Oversight Board to present testimony annually for five years, beginning in 2009, to the Committee on Financial Services of the House of Representatives regarding their efforts to reduce the complexity in financial reporting and to provide more accurate and clear financial information to investors.
HR 79- HALOS Act
● This bill directs the Securities and Exchange Commission (SEC) to revise Regulation D, which exempts certain offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings.
HR 477- Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017
● Updates requirements for merger-and-acquisition brokers that facilitate transfer of ownership in privately held companies with earnings or revenues under a specified threshold.
HR 1153- Mortgage Choice Act of 2017
● Provides clarity on the points and fees necessary to become a qualified mortgage, increasing the choice for low and moderate-income borrowers and first-time homebuyers. This legislation preserves consumer choice and helps our fellow Americans achieve the dream of becoming homeowners.
HR 1585- Fair Investment Opportunities for Professional Experts Act
● This bill amends the Securities Act of 1933 to modify the definition of "accredited investor" for purposes of participating in private offerings
HR 2396- Privacy Notification Technical Clarification Act
● This bill amends the Gramm-Leach-Bliley Act to exempt a financial institution, under specified circumstances, from the requirement to annually disclose its privacy policies to consumers.
HR 2706- Financial Institution Customer Protection Act of 2017
● This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account.
HR 3312- Systemic Risk Designation Improvement Act of 2017
● Allows the Federal Reserve Board (FRB) to subject a bank holding company to enhanced supervision.
HR 3903- Encouraging Public Offerings Act of 2017
● Allows an issuer of securities to communicate with potential investors to ascertain interest in a contemplated securities offering, either before or after the filing of a registration statement (i.e., "test the waters").
HR 3911- Risk-Based Credit Examination Act
● Provides the Securities and Exchange Commission's Office of Credit Ratings with discretion concerning reviewable matters during its annual examination of nationally recognized statistical rating organizations.
HR 3973- Market Data Protection Act of 2017
● Requires the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the operator of the consolidated audit trail (a database that tracks trading in equities and options markets) to develop internal risk control mechanisms to protect stored market data.
HR 3978- TRID Improvement Act of 2017
● Modifies disclosure requirements applicable to mortgage loan transactions. Specifically, the disclosed charges for any title insurance premium shall be equal to the amount charged for each individual title insurance policy, subject to any discounts as required by either state regulation or the title company rate filings.
HR 4292- Financial Institution Living Will Improvement Act of 2017
● This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to limit the frequency with which certain nonbank financial companies and bank holding companies shall be required to submit a "living will" (i.e., the company's plan for rapid and orderly resolution in the event of financial distress or failure) to the Federal Reserve Board (FRB), the Financial Stability Oversight Council, and the Federal Deposit Insurance Corporation (FDIC). Specifically, such companies shall be required to do so no more than once every two years.
HR 4545- Financial Institutions Examination Fairness and Reform Act
● This bill amends the Federal Financial Institutions Examination Council Act of 1978 to set deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency, and establish the Office of Independent Examination Review to adjudicate appeals and investigate complaints from financial institutions concerning examination reports.
HR 4061- Financial Stability Oversight Council Improvement Act of 2017
● This bill amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, in determining whether a nonbank financial company shall be designated as systemically important and consequently be supervised by the Federal Reserve Board and subject to prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability.
HR 4566- Alleviating Stress Test Burdens to Help Investors Act
● This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to: (1) eliminate the Federal Reserve Board's authority to conduct stress tests of nonbank financial companies more than once annually, and (2) exempt certain financial companies not primarily regulated by either a federal banking agency or the Federal Housing Finance Agency from requirements to conduct stress tests.
HR 4790- Volcker Rule Regulatory Harmonization
● This bill amends the Bank Holding Company Act of 1956 to grant exclusive rulemaking authority under the Volcker Rule to the Federal Reserve Board.
HR 5078- TRID Improvement Act of 2018
● This bill amends the Real Estate Settlement Procedures of 1974 to modify disclosure requirements applicable to mortgage loan transactions.