Rep. Ann Wagner

Maddy summaryHRES 292 is a non-binding House resolution supporting "Financial Literacy Month" to raise awareness about personal finance education. It references statistics showing widespread financial literacy gaps, including 14.2% of U.S. households being unbanked or underbanked, only 42% of adults budgeting, and just 28 states requiring high school economics courses. The resolution calls on federal, state, local, school, nonprofit, and business entities to observe Financial Literacy Month with programs and activities. It does not create new laws or policies but aims to highlight the importance of financial education for managing money, credit, and debt.

Maddy summaryHR 2574, the "No Iranian Energy Act," amends existing sanctions law to explicitly prohibit U.S. sanctions on natural gas transactions involving Iran. It expands the Iran Freedom and Counter-Proliferation Act of 2021 by adding natural gas to the list of energy sectors subject to sanctions under Sections 1244 and 1247 of the law. The bill directly affects foreign entities or governments that engage in the sale, supply, or transfer of natural gas to or from Iran. This change modifies existing legal provisions without creating new sanctions, targeting Iran's gas industry as part of broader sanctions policy.

Maddy summaryThis bill raises the asset limits for Supplemental Security Income (SSI) recipients to allow more savings without losing benefits. It increases the individual resource limit from $2,250 to $20,000 (in 2025) and the couple limit from $1,500 to $10,000, with automatic annual inflation adjustments based on the Consumer Price Index. These changes directly affect low-income seniors and people with disabilities who rely on SSI. The bill eliminates the current "savings penalty" that previously forced recipients to spend down savings to qualify. The new limits will adjust each year to maintain their real value against inflation.

Maddy summaryHR 2575 terminates specific financial authorizations related to Iran. It ends a 2023 waiver allowing funds transfer from South Korea to Qatar and all related licenses issued by the Treasury's Office of Foreign Assets Control (OFAC). The bill also prohibits the President from reissuing similar waivers or licenses that would permit the Iranian government or Iranian individuals to access certain financial accounts. This directly affects Iran's ability to access designated funds previously authorized under prior legislation. The law creates a permanent restriction on these financial arrangements without requiring new congressional approval.

Maddy summaryThis bill, titled "Secure Family Futures Act of 2025" but actually focused on tax code changes, primarily affects a specific subset of insurance companies. It amends the Internal Revenue Code to exclude certain debts (like bonds or notes) held by these companies from being counted as capital assets (Section 2), and extends their capital loss carryover period to 10 years for losses from foreign expropriation or losses incurred by these companies (Section 3). The changes apply to debts acquired and losses arising after December 31, 2025. The bill's title is misleading, as it does not relate to family policy but is a technical tax amendment targeting defined insurance industry entities.

Sanctioning Russia Act of 2025   This bill imposes penalties on certain persons (individuals and entities) if the President determines that the Russian government or a person acting at Russia's direction is involved with (1) refusing to negotiate a peace agreement with Ukraine; (2) violating a negotiated peace agreement; (3) initiating another invasion of Ukraine; or (4) overthrowing, dismantling, or seeking to subvert the Ukrainian government.   If the President makes such a determination, the bill requires certain actions including the President must impose visa- and property-blocking sanctions on specified persons such as the Russian president, certain Russian military commanders, and any foreign person that knowingly provides defense items to the Russian armed forces; the President must increase the rate of duty on all goods and services imported from Russia into the United States to at least 500% relative to the value of such goods and services; the President must increase the rate of duty on all goods and services imported into the United States from countries that knowingly engage in the exchange of Russian-origin uranium and petroleum products to at least 500% relative to the value of such goods and services; the Department of the Treasury must impose property-blocking sanctions on any financial institution organized under Russian law and owned wholly or partly by Russia, and any financial institution that engages in transactions with those entities; and the Department of Commerce must prohibit the export, reexport, or in-country transfer to or in Russia of any U.S.-produced energy or energy product.

Maddy summaryHRES 254 is a non-binding resolution recognizing the 250th anniversary of the United States Marine Corps, to be observed on November 10, 2025. The resolution honors the Corps' founding at Tun Tavern in Philadelphia on November 10, 1775, its history of service in major conflicts, and its values of honor, courage, and commitment. It encourages public participation in commemorative events and local recognition of Marines' contributions to national defense.

Maddy summaryHR 2394, the DETERRENCE Act, amends federal criminal sentencing laws to increase penalties for certain offenses when committed "knowingly at the direction of or in coordination with a foreign government." It applies to existing crimes including kidnapping (up to 10 additional years), murder-for-hire (up to 10 years if injury occurs), stalking (up to 30 months), attacks on federal officials (up to 10 years), and threats against presidential staff (up to 10 years). The bill adds specific sentencing enhancements where foreign government involvement is proven, with higher penalties for offenses causing injury, using weapons, or resulting in death. It directly affects individuals convicted of these crimes under the specified circumstances.

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Overdraft Lending: Very Large Financial Institutions and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.

Maddy summaryHR 2246, the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act, restricts U.S. investments in Chinese companies involved in sensitive national security technologies by prohibiting certain transactions and requiring notifications. The bill targets U.S. persons (individuals and businesses) making investments in "covered foreign persons" (those connected to China's military, surveillance, or defense sectors) in specific "prohibited technologies" including advanced semiconductors, artificial intelligence, quantum computing, and hypersonic systems. It creates a public database of covered entities, mandates divestment from securities of companies on the Non-SDN Chinese Military-Industrial Complex Companies List after a 365-day period, and requires notifications for certain transactions. The law applies specifically to China as the "country of concern," with Hong Kong and Macau included in the definition.