Rep. Warren Davidson

Maddy summaryThis bill, titled the Permanent CBDC Ban Act, aims to permanently prohibit the Federal Reserve from issuing a central bank digital currency. It achieves this by amending the Federal Reserve Act to remove the specific legal authority that allows the Reserve to create such a digital currency. The legislation directly affects the Federal Reserve by stripping away its power to launch a digital version of the dollar. By deleting the relevant subsection of the law, the bill ensures that the Reserve cannot issue a CBDC in the future.

Maddy summaryThis bill modifies the Federal Credit Union Act to update the rules for privately insured credit unions converting to federal insurance. It requires a higher participation threshold of 20 percent of the membership to vote on such conversions and extends the minimum notice period from seven to ninety days. These changes aim to modernize the conversion process by ensuring broader member involvement and providing more time for preparation. The legislation directly affects privately insured credit unions seeking to transition to federal insurance coverage.

Maddy summaryThe Stop EU Overreach Act directs the United States Trade Representative to initiate a formal investigation within 30 days of enactment to determine if specific European Union environmental and sustainability regulations unfairly burden American commerce. These targeted measures include rules on corporate sustainability due diligence, reporting, deforestation traceability, and carbon border adjustments that apply to US companies based on their operations or supply chains outside the EU. If the investigation concludes that these foreign practices are unreasonable or discriminatory, the USTR is authorized to take retaliatory actions such as imposing duties on imports from EU member states or suspending trade agreement benefits. The bill includes a sunset provision that terminates its requirements for any specific EU measure once the USTR certifies that the European Union has repealed the rule or entered into a binding agreement to exempt US persons from its extraterritorial obligations.

Maddy summaryThe Main Street Capital Access Act reduces regulatory burdens for smaller banks, particularly those with less than $10 billion in assets. Key provisions include a 3-year phase-in period for new banks to meet capital requirements, lower leverage ratio requirements for rural banks (7.5% for the first 2 years), and a 30-day review process for business plan deviations. The bill also establishes an Office of Independent Examination Review, sets specific timelines for examinations (270 days) and reports (90 days), and creates a "least cost exception" for bank resolutions to prevent excessive concentration of the banking system. These changes aim to promote new bank formation, improve regulatory efficiency, and support community banking while maintaining financial stability.

Maddy summaryThis bill establishes a legal framework allowing banks and credit unions to provide financial services to businesses operating marijuana or hemp industries under state laws without fear of losing federal protections. It specifically shields these institutions from penalties, insurance termination, or liability if they accept deposits or make loans to state-sanctioned marijuana or hemp companies. The legislation also clarifies that income from these businesses can be used to qualify for federally backed mortgages and requires regulators to update guidance on how to handle suspicious activity reports related to these sectors. Additionally, the bill mandates annual reports and studies to assess access to banking services for minority-owned and small businesses within the industry.

Maddy summaryHR 7651, the Chloe Cole Act of 2026, prohibits healthcare providers from performing certain medical interventions on minors under 18 aimed at altering physical development to align with gender identity. These "covered interventions" include puberty blockers, hormone treatments, and specific surgeries, but exclude medically necessary care for conditions like disorders of sexual development or traumatic injuries. The bill creates a federal civil lawsuit right for affected minors or their parents against providers who perform such interventions, allowing claims for damages including emotional distress and punitive awards, with strict liability for providers after the law's enactment. It explicitly allows exceptions for legitimate medical treatments and requires providers to prove such exceptions apply if challenged.

Protecting Privacy in Purchases Act This bill prohibits payment card networks from using merchant codes that distinguish firearms retailers from general-merchandise retailers or sporting-goods retailers. The Department of Justice must enforce this bill and report annually on the resulting investigations and cases.

Maddy summaryThe Sunshine Protection Act of 2025 would make daylight saving time permanent across the United States, ending the current practice of changing clocks twice yearly. It repeals the 1966 law requiring seasonal time changes and adjusts time zone offsets to reflect permanent daylight saving time (e.g., shifting from "4 hours" to "3 hours" in historical references). States that currently opt out of daylight saving time (like Arizona and Hawaii) would retain their existing arrangements, while all other states would adopt permanent daylight saving time unless they choose to stay on standard time. This change would directly affect all U.S. residents by eliminating the need to reset clocks in spring and fall.

Maddy summaryThis bill prohibits federal funding under the Elementary and Secondary Education Act for any program, activity, literature, or material provided to children under 18 that includes "sexually oriented material," defined as depictions of explicit conduct or content involving gender dysphoria or transgenderism. It exempts standard science courses (like biology and anatomy), religious texts, and specific "classic" works of literature and art listed in designated references (e.g., *Great Books of the Western World* and Smarthistory guides). The law directly affects federally funded K-12 educational programs, restricting how school districts can use federal dollars for curriculum materials. It does not ban teaching about human anatomy, art history, or literature, as those are explicitly excluded from the definition of prohibited material.

Maddy summaryThis bill removes specific federal reporting requirements that previously mandated the Pentagon to track unfunded priorities in defense programs. It directly affects the Department of Defense by eliminating the need to submit detailed reports on these specific items under Title 10 of the U.S. Code. The legislation repeals six existing sections of law and two additional provisions related to military construction and research programs. By deleting these mandates, the bill reduces the administrative burden on defense officials regarding the documentation of unfunded project requests.