Rep. Michael Cloud

Emergency Savings Accounts Act of 2023 This bill allows an individual taxpayer occupying a residence a deduction from gross income for up to $5,000 of amounts paid into such taxpayer's emergency savings account. The bill defines emergency savings account as an account established exclusively to pay the qualified disaster and public health emergency expenses of the account beneficiary. The bill defines qualified disaster and public health emergency expenses as disaster mitigation expenses, disaster recovery expenses, public health emergency expenses, and unemployment-related expenses.

Protect Our Military Families' 2nd Amendment Rights Act This bill broadens the scope of allowable firearms transactions involving active duty service members and their spouses. Specifically, the bill allows a licensed gun dealer, importer, or manufacturer to sell or ship a firearm or ammunition to the spouse of a member of the Armed Forces on active duty outside the United States. Current law already allows a licensed dealer, importer, or manufacturer to sell or ship a firearm or ammunition to a member of the Armed Forces on active duty outside the United States. The bill also specifies that, for purposes of federal firearms laws, a member of the Armed Forces on active duty, or his or her spouse, is a resident of the state in which (1) the member or spouse maintains legal residence, (2) the permanent duty station of the member is located, and (3) the member maintains a home from which he or she commutes to the permanent duty station.

Maddy summaryHR 345, the TRUST in Congress Act, requires Members of Congress, their spouses, and dependent children to place certain investments into a "blind trust" within 90 days of taking office or after the bill's enactment. It directly affects current and future lawmakers and their immediate family members by mandating that covered investments - such as stocks, commodities, or derivatives (excluding Treasury bonds and some mutual funds) - be placed in a trust they cannot manage. Members must certify the trust setup to House or Senate officials within 15 days, and trusts cannot be dissolved until 180 days after leaving office. The law excludes investments providing primary income (e.g., from a spouse's job) but requires transparency through public website disclosures of certifications.

Maddy summaryThis bill prohibits senior federal employees (those in Senior Executive Service roles), their spouses, and dependent children from holding most stocks, bonds, or derivatives during their federal service. It exempts diversified mutual funds, Treasury securities, and investments held in qualified blind trusts. Employees must annually certify compliance with these rules to their ethics office, and violations can result in fines (up to 10% of the investment's value) or requiring profit disgorgement. The law applies 12 months after enactment, with a 180-day divestiture period for existing holdings.

Maddy summaryHR 311, the Cost Estimates Improvement Act, requires the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) to include debt servicing costs in their budget estimates where practicable and to list duplicative federal programs covered by legislation. The bill mandates that all CBO and JCT cost estimates must identify overlapping or redundant agency programs, initiatives, or activities within the proposed legislation. This change aims to improve transparency in federal budget analysis by providing clearer data on long-term debt impacts and program efficiency for lawmakers. The bill directly affects the CBO and JCT as they prepare budget estimates for Congress.

Maddy summaryHR 297 requires the military Secretary to reinstate service members who were involuntarily separated solely for refusing a COVID-19 vaccine. It applies specifically to those separated only due to vaccine refusal, not other reasons. If a covered member chooses reinstatement, they must be returned to their previous rank and branch of service. The bill mandates this action without requiring the member to receive the vaccine.

Maddy summaryThe Less is More Resolution (HRES 18) amends House rules to require that any bill funding a new federal program must include reductions in funding for at least two existing programs (each reduction equal to or greater than the new program's funding). It mandates that the introducing member submit a written certification confirming this offset, which must be made public. This procedural rule applies to all House members and aims to enforce budgetary offsets for new spending proposals without creating new fiscal obligations.

Maddy summaryHR 24, the Federal Reserve Transparency Act of 2023, requires a comprehensive audit of the Federal Reserve System's Board of Governors and Federal Reserve banks within 12 months of the bill's enactment. The Congressional auditor (Comptroller General) must then submit a detailed report to Congress within 90 days, including findings, conclusions, and recommendations for improving transparency. This bill directly affects the Federal Reserve System by mandating greater oversight of its operations and financial activities. The key provision repeals a prior limitation that prevented audits of certain Fed programs, aiming to clarify which activities are subject to audit under existing law.

WHO Withdrawal Act This bill requires the President to immediately withdraw the United States from the World Health Organization (WHO) and prohibits using any federal funds to provide for U.S. participation in the WHO. The bill also repeals the 1948 act authorizing the United States to join the WHO.

No Frivolous Application for Short-Barreled Shotguns Act or the NFA SBS Act This bill removes certain short-barreled shotguns from the definition of firearms for purposes of the National Firearms Act. It also eliminates the prohibition on the sale or transportation of such shotguns in interstate commerce and treats persons who acquire or possess a short-barreled shotgun as meeting the registration or licensing requirements for such shotguns where such requirements are determined by reference to the National Firearms Act. The bill preempts state or local laws that impose a tax or recordkeeping requirements on short-barreled shotguns. The Department of Justice must destroy records relating to the registration of shotguns described by this bill within one year after the enactment of this bill.