Rep. Young Kim

Maddy summaryThe REG Act of 2026 amends four major financial laws to require regulators to assess whether new rules, when combined with existing or proposed ones, would promote the public interest. Specifically, it adds language to the Securities Act, Securities Exchange Act, Investment Company Act, and Investment Advisers Act to mandate this cumulative review process. The bill directly affects federal agencies responsible for overseeing securities markets and investment firms by changing how they evaluate proposed regulations. This change aims to ensure that individual rules are not approved without considering their broader impact on the financial system when stacked alongside other measures.

Maddy summaryThis bill redesignates the existing National Parks and Public Land Legacy Restoration Fund as the America's Legacy Restoration Fund to address deferred maintenance on federal lands. It directs revenue from recreation fees and a portion of energy development income into the fund, which must be used primarily for repairing critical infrastructure like roads, trails, and buildings managed by agencies such as the National Park Service and the Forest Service. The legislation establishes strict rules requiring that most funds go toward non-transportation projects, mandates transparency through public dashboards tracking project status, and sets aside a small percentage for matching private donations. Additionally, the bill increases entrance fees for foreign visitors to ensure they contribute to the fund, while prohibiting the use of these specific funds for land acquisition or employee bonuses.

Maddy summaryThe VA Emergency Transportation Act expands the types of care the Department of Veterans Affairs can reimburse for veterans by formally including emergency transportation alongside emergency treatment. Specifically, the bill allows the VA to pay for ambulance or air ambulance rides provided by non-VA providers that transport a veteran to a facility for emergency care or from a non-VA facility to a VA or other federal facility. This change updates existing laws to ensure that transportation costs are covered when they are part of the necessary emergency services furnished to a veteran.

Maddy summaryThis bill directs the government auditor (Comptroller General) to study how wildfire prevention programs operate across different land ownerships - including federal, state, tribal, and private lands. The study will examine current federal rules, funding access, and specific wildfire mitigation activities from the 2003 Healthy Forests Restoration Act. It will identify barriers and opportunities to improve cross-boundary collaboration, with a report due to Congress within two years. The bill itself does not create new programs or funding, only requiring this analysis.

Maddy summaryHR 2675, the Protecting Our Courts from Foreign Manipulation Act of 2025, requires parties and their lawyers in federal civil cases to disclose any foreign funding tied to case outcomes. It mandates written disclosure of foreign funders' identities (including country of origin) and certification about funding sources, while banning foreign states or sovereign wealth funds from funding litigation. The law also requires annual reports to Congress detailing foreign-funded cases, including amounts and jurisdictions. This directly affects parties using foreign-funded litigation, courts handling such cases, and foreign entities seeking to influence U.S. courts through financial support.

Maddy summaryThis bill requires the Secretary of State to develop a strategy encouraging foreign nations to jointly purchase defense equipment and services from the United States. The legislation mandates the government to identify lead buyers, address licensing challenges, and explore ways to speed up approval processes for these shared procurement efforts. Officials must submit regular reports to Congress every six months for three years, detailing the strategy's progress and any obstacles encountered. The policy aims to streamline how the U.S. sells defense articles to a lead nation who then distributes them to other allied partners under specific agreements.

Maddy summaryThe DOMINANCE Act aims to reduce U.S. reliance on strategic competitors like China for critical minerals by building international partnerships to secure diversified supply chains. It establishes a Minerals Security Partnership to coordinate diplomatic, development, and financial support for critical mineral projects with allies, creates a new Office of Energy Security Compacts to develop multi-year agreements with partner countries, and sets up a new Assistant Secretary position for Energy Security at the State Department. The bill also includes education programs like the Critical Mineral Mining Fellowship Program to build U.S. workforce capacity in mining. These measures are designed to enhance U.S. national security and economic competitiveness by ensuring reliable access to critical minerals needed for defense, technology, and energy systems.

Maddy summaryThis bill authorizes U.S. sanctions against foreign individuals, entities, and vessels involved in illegal, unreported, and unregulated fishing (IUU fishing), particularly targeting China as the primary perpetrator. It requires freezing assets and denying visas to those who own, captain, or operate vessels engaged in IUU fishing, while mandating annual reports on sanctions implementation. Exceptions include humanitarian aid, national security activities, and compliance with international agreements. The policy aims to protect global fisheries, coastal communities, and marine ecosystems from harmful fishing practices.

Maddy summaryHR 5248 reorganizes the Department of State to better integrate economic policy with foreign policy by creating new leadership positions and bureaus focused on economic aspects of international relations. The bill establishes an Under Secretary for Economic Affairs to oversee economic growth, trade, energy, technology, and environmental policies, replacing the previous Under Secretary for Economic Growth, Energy and the Environment. It also creates a Chief Economist, Assistant Secretaries for Commercial Diplomacy, Water/Environment/Space Affairs, Energy Security, and Sanctions Policy, along with corresponding bureaus to coordinate these economic policy areas. The bill includes funding provisions for these new roles and updates existing references in law to reflect the new titles and responsibilities. This restructuring aims to improve coordination of economic policy across the Department of State to advance U.S. economic interests internationally.

Maddy summaryHR 3429 establishes a formal US-Japan-ROK Inter-Parliamentary Dialogue to deepen trilateral cooperation. It creates a US delegation of up to 8 Congress members (2 each from House/Senate leadership, with committee requirements) to meet annually with Japanese and South Korean legislators. The bill mandates annual reports to the Foreign Affairs and Foreign Relations committees and requires the delegation to rotate leadership between House and Senate every two years. This legislation directly affects US congressional members appointed to the delegation and provides a structured mechanism for ongoing policy coordination among the three nations.