Clyde, Andrew S. [R-GA-9]
Republican · GA · 27 bills sponsored
D.C. Shield Law Repeal Act
# D.C. Shield Law Repeal Act (HR 6372) - Summary **What the Bill Would Do** This bill would repeal Washington D.C.'s "Shield Law," which protects journalists from being forced to reveal their confidential sources in legal proceedings. If passed, the law would eliminate these protections in D.C., making it easier for prosecutors, law enforcement, and others involved in lawsuits to compel journalists to disclose who provided them with information. **Who It Affects and Key Details** The bill would primarily affect journalists and news organizations operating in Washington D.C., as well as their sources who rely on confidentiality protections. Shield laws exist in most U.S. states to protect the press's ability to investigate and report freely without fear that sources will be exposed. Removing D.C.'s protections could make sources less willing to speak with journalists about sensitive topics, potentially reducing investigative reporting in the nation's capital. **Current Status** As of now, the bill remains in committee and has not advanced further in the legislative process. It was introduced by Rep. Andrew Clyde (R-Georgia) in the 119th Congress.
Common-Sense Law Enforcement and Accountability Now in DC Act of 2025
# CLEAN DC Act Summary **What the bill does:** The CLEAN DC Act would repeal Washington, D.C.'s 2022 police reform law and restore policing rules that existed before that reform was enacted. This means reversing several restrictions and requirements that were added in 2022, including rules that prohibited certain neck restraints by police officers, required specific procedures for body-worn cameras, and made police disciplinary records more accessible to the public. **Who it affects:** This legislation primarily affects the D.C. Police Department and residents of Washington, D.C. It would alter how police officers can operate and what information about officer conduct is available to the public. The bill specifically impacts police practices and accountability measures in the nation's capital. **Current status:** The bill has passed the House of Representatives and is sponsored by Rep. Andrew Clyde (R-GA). It now awaits action in the Senate. The legislation represents a rollback of police accountability measures that supporters argued were necessary reforms, while opponents of repeal argue the 2022 reforms were important for community oversight and officer conduct standards.
To require the District of Columbia to permit Members of Congress who have a valid license or permit which is issued pursuant to the law of a State which permits the Member to carry a concealed firearm, or who is otherwise entitled to carry a concealed firearm in the State in which the Member resides, to carry a concealed firearm in the District of Columbia, and for other purposes.
# Summary of HR 4788 **What the bill would do:** This bill would require Washington, D.C. to allow members of Congress to carry concealed firearms within the district if they have a valid concealed carry permit from their home state. Currently, D.C. has strict gun laws that generally prohibit concealed carry, even for those with permits from other states. The bill would create an exception specifically for congressional members, allowing them to carry firearms regardless of D.C.'s local regulations. **Who it affects:** The bill directly affects U.S. Representatives and Senators who have concealed carry permits in their home states. It would indirectly impact D.C.'s gun regulations and law enforcement, as it would override local firearms laws for this specific group of people. **Current status:** HR 4788 is currently in committee and has not yet been voted on by the full House of Representatives. The bill was introduced by Rep. Andrew Clyde (R-GA) in the 119th Congress.
Lanier Parks Local Access Act
# Lanier Parks Local Access Act Summary Unfortunately, I don't have access to the detailed text of HR 4432 (Lanier Parks Local Access Act) to provide you with an accurate summary of its specific provisions and impacts. The bill information you've shared only includes the basic metadata—that it's a House bill from the 119th Congress, sponsored by Rep. Andrew Clyde of Georgia, and is currently in committee—but not the actual content. To get an accurate, factual summary, I'd recommend: - **Congress.gov**: Search for "HR 4432" to view the full bill text, summaries, and amendments - **Your representative's office**: They can explain how it affects your district - **Nonpartisan sources**: Organizations like the Congressional Research Service provide objective analyses I want to avoid speculating about what the bill does, since that could spread misinformation. If you can share the bill's text or summary from Congress.gov, I'd be happy to break it down into plain language for you.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Energy relating to "Energy Conservation Program for Appliance Standards: Certification Requirements, Labeling Requirements, and Enforcement Provisions for Certain Consumer Products and Commercial Equipment".
# Summary of HJRES 42 **What It Does:** This bill cancels a Department of Energy rule issued in October 2024 that updated how appliances and equipment are certified, labeled, and monitored for energy efficiency. The rule applied to common household items like washing machines and dishwashers, as well as commercial equipment like air conditioning systems. The original rule was meant to modernize reporting requirements and give the DOE better information to classify products and enforce energy standards. By passing this resolution, Congress rejected those changes. **Who It Affects:** The bill impacts manufacturers of appliances and industrial equipment, consumers who rely on energy labels to compare product efficiency, and the Department of Energy's ability to enforce efficiency standards. It also reflects a broader disagreement over the appropriate role of federal regulations in appliance standards. **Current Status:** The bill has been signed into law, meaning the DOE rule has been officially nullified. This is one of several recent efforts in Congress to roll back regulations using a legislative tool that allows lawmakers to disapprove of federal rules, typically along partisan lines.
Constitutional Hearing Protection Act
# Constitutional Hearing Protection Act (HR 3228) - Summary **What the Bill Would Do:** This bill, sponsored by Rep. Andrew Clyde (R-GA), aims to remove federal restrictions on firearm suppressors (devices that reduce the noise of gunshots). Currently, suppressors are heavily regulated under federal law, requiring registration, lengthy approval processes, and a $200 tax stamp. If passed, HR 3228 would eliminate these regulations, allowing suppressors to be purchased and used similarly to other firearm accessories. **Who It Affects:** The bill would primarily affect gun owners, manufacturers of firearm suppressors, and gun retailers. Supporters argue it would benefit hearing protection for shooters and hunters, while opponents worry it could make it harder for law enforcement to detect illegal gunfire in populated areas. **Current Status:** As of now, the bill remains in committee and has not advanced to a full House vote. The bill's passage would require approval from the House Judiciary Committee and then the full House before moving to the Senate. No companion bill has been identified in the Senate.
Postal Service Transparency and Review Act
# Postal Service Transparency and Review Act (HR 2807) - Summary **What the Bill Would Do:** This bill aims to increase oversight of the U.S. Postal Service (USPS) by requiring greater transparency and periodic reviews of the agency's operations and finances. While the bill's specific provisions aren't detailed in the available information, legislation with this title typically would mandate that USPS provide more detailed public reporting on its spending, performance metrics, and financial health, and possibly require regular congressional reviews of the agency's management and strategic decisions. **Who It Affects:** The bill would primarily affect the Postal Service itself, which would need to comply with new reporting requirements. It could indirectly impact mail users and taxpayers, since increased scrutiny of USPS operations could influence decisions about service levels, pricing, or federal support for the agency. **Current Status:** As of now, the bill is in committee (HR 2807, introduced in the 119th Congress by Representative Andrew Clyde of Georgia). This means it has not yet advanced to a full vote in the House and remains under review by the relevant congressional committee.
SHORT Act
# SHORT Act Summary I don't have access to the specific details of HR 2395 (the SHORT Act) from the 119th Congress, so I cannot provide accurate information about what this bill would do, its key provisions, or who it would affect. To give you a proper summary, I would need to review the bill's actual text and analysis. **Where to find this information:** - **Congress.gov**: Search for "HR 2395" to read the full bill text, summary, and any official analysis - **House.gov or your representative's website**: Often include plain-language summaries of bills - **Nonpartisan sources**: Organizations like CRS (Congressional Research Service) or League of Women Voters provide objective summaries If you can provide the bill's summary or key provisions, I'd be happy to help translate that into plain language for a general audience.
To amend title 23, United States Code, to withhold certain apportionment funds from the District of Columbia unless the Mayor of the District of Columbia removes the phrase Black Lives Matter from the street symbolically designated as Black Lives Matter Plaza, redesignates such street as Liberty Plaza, and removes such phrase from each website, document, and other material under the jurisdiction of the District of Columbia.
# HR 1774 Summary **What the Bill Would Do** This bill would withhold half of the District of Columbia's annual highway funding unless DC removes the phrase "Black Lives Matter" from the street currently known as Black Lives Matter Plaza (located on 16th Street NW between H and K Streets) and renames it Liberty Plaza. The bill also requires DC to remove the phrase from all websites, documents, and materials under its control. The Department of Transportation would enforce this by withholding 50% of DC's Highway Trust Fund apportionment each fiscal year until these changes are made. **Who It Affects** The primary target is the District of Columbia government and its residents, who would lose significant federal highway funding until compliance. The bill specifically impacts DC's ability to maintain and improve roads and infrastructure. The broader audience includes anyone with interest in federal-local government relations, naming conventions for public spaces, and the Black Lives Matter movement. **Current Status** The bill was introduced by Representative Andrew Clyde (R-GA) in the 119th Congress and is currently in committee, meaning it has not advanced to a full House vote. No action has been taken since its introduction.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers".
# Summary of H.J. RES 55 **What the Bill Would Do** This bill would block a Financial Crimes Enforcement Network (FinCEN) rule that went into effect in August 2024. The rule requires real estate professionals involved in property closings to report cash sales of homes to FinCEN when buyers use certain legal entities or trusts instead of purchasing in their own names. If passed, this bill would completely cancel that reporting requirement. **Who It Affects and Key Provisions** The rule primarily impacts real estate agents, title companies, and other professionals who handle property closings. The reporting requirement applies specifically to cash transactions—sales where the buyer doesn't use a mortgage. The stated purpose of the FinCEN rule was to combat money laundering by making it harder to hide the true ownership of properties bought with untraceable cash. The bill takes the opposite approach, eliminating this transparency measure entirely. **Current Status** H.J. RES 55 is currently in committee and has not yet advanced. It was introduced by Rep. Andrew Clyde, a Republican from Georgia. This type of measure uses a congressional disapproval process that allows Congress to overturn regulations issued by federal agencies. Supporters likely argue the rule creates unnecessary burdens on real estate transactions, while opponents would probably contend it's an important tool against financial crime and illicit activity.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "National Primary Drinking Water Regulations for Lead and Copper: Improvements (LCRI)".
# Summary of HJRES 44 **What the Bill Would Do** This resolution would disapprove of an EPA rule that updates drinking water standards for lead and copper. If passed, it would overturn the EPA's "Lead and Copper Rule Improvements" (LCRI), which strengthened regulations designed to reduce lead and copper contamination in public drinking water systems. The bill uses the Congressional Review Act, a legal process that allows Congress to reject federal regulations. **Who It Affects** The bill would impact public water utilities, water system operators, and the millions of Americans who depend on public water supplies. It would also affect the EPA's authority to enforce drinking water safety standards. Supporters of the rule argue it protects public health—particularly children and pregnant women—by lowering allowable lead levels. Opponents contend the new standards impose costly compliance burdens on water systems. **Current Status** HJRES 44 is currently in committee as of the 119th Congress (2025-2026) and has not yet advanced for a full vote. Sponsor Andrew Clyde (R-GA) introduced the measure, reflecting Republican efforts to review certain EPA regulations enacted during the Biden administration.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers".
# Summary of H.J.RES 56 **What the Bill Would Do** This bill would reject a new federal rule issued by the Financial Crimes Enforcement Network (FinCEN) in September 2024. The rule requires certain investment advisers—professionals who manage money and investments for clients—to report suspicious financial activity to the government, similar to requirements already in place for banks and other financial institutions. If passed, this bill would cancel that rule and prevent it from taking effect. **Who It Affects** The rule primarily affects registered investment advisers and "exempt reporting advisers" (smaller advisory firms). It also impacts FinCEN's ability to monitor financial activity for signs of money laundering or terrorist financing. Supporters of the bill argue it reduces regulatory burden on investment firms, while opponents contend that canceling it weakens safeguards against financial crime. **Current Status** The bill is currently in committee and has not yet been voted on by Congress. It was introduced by Representative Andrew Clyde (R-GA) in the 119th Congress.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Credit Union Administration relating to "Quality Control Standards for Automated Valuation Models".
# Summary of HJRES 50 **What the Bill Would Do** This bill would cancel a federal rule issued by multiple banking regulators (including the National Credit Union Administration, Federal Reserve, and others) that requires quality control standards for automated valuation models—computer systems used to estimate property values for mortgages. If passed, the rule would be nullified, meaning lenders would no longer be required to follow these new quality control standards when using automated systems to value homes. **Who It Affects and Key Details** The rule primarily affects mortgage lenders, banks, and mortgage companies that use automated computer systems to assess property values. The quality control standards were designed to reduce errors and fraud in home valuations, which can impact both lenders and borrowers. The rule was officially published on August 7, 2024. Representative Andrew Clyde (R-GA) sponsored this bill, which uses a congressional process called the "Congressional Review Act" that allows Congress to overturn federal regulations. **Current Status** The bill is currently in committee and has not yet been voted on by the full House of Representatives.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Postsecondary Student Success Grant".
# HJRES 41 Summary **What the Bill Would Do** This bill would cancel a rule created by the Department of Education regarding the "Postsecondary Student Success Grant" program. If passed, it would eliminate the priorities, requirements, and definitions that the Department of Education established for this grant program in June 2024. This is a "disapproval" resolution, which is a mechanism Congress can use to reject federal agency rules they believe are problematic. **Who It Affects** The bill would primarily affect students and institutions seeking or administering Postsecondary Student Success Grants. The specific impact depends on what those grant priorities and requirements were—removing them could change which students or schools are eligible, how grants are distributed, or what conditions apply to receiving funds. **Current Status** The bill is currently in committee and has not yet been voted on by the full House or Senate. It was introduced by Representative Andrew Clyde (R-GA). Without access to the specific details of the June 2024 rule, this summary cannot detail exactly what requirements would be eliminated or what the practical consequences would be for students and institutions.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Centers for Medicare & Medicaid Services relating to "Medicare Program; Calendar Year (CY) 2025 Home Health Prospective Payment System (HH PPS) Rate Update; HH Quality Reporting Program Requirements; HH Value-Based Purchasing Expanded Model Requirements; Home Intravenous Immune Globulin (IVIG) Items and Services Rate Update; and Other Medicare Policies".
# Summary of HJRES 58 **What the Bill Would Do** This bill would cancel Medicare payment rules that the Centers for Medicare & Medicaid Services (CMS) issued in November 2024. If passed, it would overturn new payment rates and requirements for home health services, wound care devices, and immune globulin treatments under Medicare for 2025. The bill would also eliminate new reporting requirements for long-term care facilities regarding respiratory illness data. **Who It Affects** The bill impacts Medicare beneficiaries (primarily seniors and disabled individuals receiving home health care), home health agencies, long-term care facilities, and suppliers of medical devices and treatments. It could affect patient access to these services if payment rates are reduced, and it would eliminate data collection requirements intended to track health trends in nursing homes. **Current Status** The bill was introduced by Representative Andrew Clyde (R-GA) and is currently in committee, meaning it has not yet been voted on by the full House. It uses a "Congressional Review Act" process, which allows Congress to overturn federal regulations. No action has been taken to advance it.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Defense relating to "Cybersecurity Maturity Model Certification (CMMC) Program".
# Summary of HJRES 40 **What It Would Do** This bill would cancel a cybersecurity rule that the Department of Defense finalized in October 2024. The rule created the Cybersecurity Maturity Model Certification (CMMC) Program, which requires defense contractors and their subcontractors to meet specific security standards when handling sensitive government information. If passed, HJRES 40 would eliminate these requirements, preventing the DOD from enforcing the new cybersecurity certification program. **Who It Affects** The bill directly impacts defense contractors and subcontractors—companies that work on government defense contracts. These businesses currently must comply with the CMMC standards to protect federal contract information and classified government data on their computer systems. The bill would also affect the DOD's ability to oversee cybersecurity across its supply chain of private contractors. **Current Status** HJRES 40 was introduced by Representative Andrew Clyde (R-GA) and is currently in committee. The bill uses Congress's authority under federal law to reject executive agency rules (known as the Congressional Review Act). Supporters of canceling the rule argue it may be burdensome for contractors, while those supporting the CMMC program contend it strengthens national security by ensuring contractors adequately protect sensitive defense information from cyber threats.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Deposit Insurance Corporation relating to "Quality Control Standards for Automated Valuation Models".
# Summary of HJRES 49 **What the Bill Would Do** This resolution would block a rule created by the Federal Deposit Insurance Corporation (FDIC) that sets quality control standards for automated valuation models—computer systems used to estimate property values. If passed, the rule would be rejected and unable to take effect. This is a "disapproval resolution," a legislative tool Congress uses to overturn federal agency regulations. **Who It Affects** The resolution primarily affects banks and financial institutions regulated by the FDIC, as well as companies that develop or use automated valuation models in lending and property assessment. Indirectly, it could impact borrowers, homebuyers, and anyone involved in mortgage lending or property appraisals. **Current Status** The bill was introduced by Rep. Andrew Clyde (R-GA) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House. The specific concerns motivating the disapproval of this FDIC rule are not detailed in the available information provided.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "New Source Performance Standards Review for Volatile Organic Liquid Storage Vessels (Including Petroleum Liquid Storage Vessels)".
# Summary of HJRES 43 **What the Bill Does:** This bill would reject an Environmental Protection Agency (EPA) rule that tightens pollution standards for storage tanks containing volatile organic liquids, such as petroleum products. The rule, which took effect in October 2024, sets stricter requirements for new or modified storage tanks built after October 2023, aiming to reduce air pollution from these facilities under the Clean Air Act. **Who It Affects:** The bill primarily impacts the petroleum and chemical storage industries, which would face less stringent environmental requirements if the rule is overturned. It also affects air quality in communities near storage facilities, as the EPA rule was designed to limit emissions of volatile organic compounds—pollutants that contribute to smog and respiratory health problems. **Current Status:** The bill is sponsored by Representative Andrew Clyde (R-GA) and is currently in committee, meaning it has not yet been debated or voted on by the full House. This type of measure uses a congressional procedure that allows lawmakers to disapprove of federal agency rules, though such bills rarely succeed without substantial bipartisan support.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Decabromodiphenyl Ether and Phenol, Isopropylated Phosphate (3:1); Revision to the Regulation of Persistent, Bioaccumulative, and Toxic Chemicals Under the Toxic Substances Control Act (TSCA)".
# Summary of H.J. Res. 46 **What the Bill Does** This bill would cancel an Environmental Protection Agency (EPA) rule that regulates two toxic chemicals: decabromodiphenyl ether (a flame retardant) and phenol, isopropylated phosphate. The EPA rule, issued in November 2024, tightened regulations on these chemicals to reduce human and environmental exposure—including requirements for workers to wear protective equipment when handling these substances. If passed, this resolution would eliminate those new protections. **Who It Affects** The bill primarily affects workers in industries that manufacture or handle these chemicals, as well as the general public's environmental exposure to these substances. It also affects companies that use or produce these chemicals, which would no longer need to comply with the new EPA safety requirements. **Current Status and Details** H.J. Res. 46 is currently in committee and has not yet been voted on by the full House. It was introduced by Representative Andrew Clyde (R-GA) on an unspecified date in the 119th Congress. This type of resolution uses a special congressional process that allows lawmakers to overturn federal regulations relatively quickly, though it would still require passage by both chambers and the president's signature to become law.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Interior relating to "Oil and Gas and Sulfur Operations in the Outer Continental Shelf-High Pressure High Temperature Updates".
# Summary of HJRES 57 **What the Bill Does** This bill is a "disapproval resolution" that would reject a Department of the Interior regulation about oil and gas drilling in federal waters. The specific rule being challenged updates safety and operational standards for high-pressure, high-temperature (HPHT) oil and gas operations on the Outer Continental Shelf—the federal waters off U.S. coasts. If passed, the rule would be nullified, and the department would be prohibited from issuing a substantially similar regulation without congressional approval. This type of action is authorized under the Congressional Review Act (CRA), a law that allows Congress to overturn federal regulations. **Who It Affects and Current Status** The bill primarily affects oil and gas companies operating in federal offshore waters, which would no longer need to comply with the new HPHT standards. Environmental groups and states concerned about ocean safety would likely oppose it, while the energy industry would likely support it. Currently, HJRES 57 is in committee, meaning it has not yet been voted on by the full House. The bill was introduced by Representative Andrew Clyde (R-GA-9).
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Housing Finance Agency relating to "Quality Control Standards for Automated Valuation Models".
# Summary of HJRES 52 **What This Bill Would Do** This is a "disapproval resolution," which is a tool Congress can use to reject federal agency rules. If passed, it would block a rule created by the Federal Housing Finance Agency (FHFA) that sets quality control standards for Automated Valuation Models (AVMs)—computer systems used to estimate property values in mortgage transactions. The rule was designed to ensure these automated systems are accurate and reliable when lenders use them to determine home values. **Who It Affects** This would primarily impact mortgage lenders, banks, and the housing finance industry, which rely on AVMs to assess property values quickly and at scale. It could also affect homebuyers and borrowers if property valuations become less standardized or reliable. The FHWA oversees Fannie Mae and Freddie Mac, the government-sponsored enterprises that purchase most mortgages in the U.S. **Current Status** The bill is currently in committee and has not yet been voted on by the full House. It was introduced by Representative Andrew Clyde (R-GA) in the 119th Congress. Without further action, it will not become law.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Quality Control Standards for Automated Valuation Models".
# Summary of HJRES 51 **What This Bill Does** This bill would reject a new rule created by the Consumer Financial Protection Bureau (CFPB) that sets quality control standards for automated valuation models—computer programs used to estimate property values. If passed, the rule would be disapproved and essentially canceled. This is a "disapproval resolution," a special congressional power that allows Congress to overturn regulations they disagree with. **Who It Affects** The rule primarily affects banks, mortgage lenders, and other financial institutions that use automated property valuation tools. It could also impact homebuyers and homeowners, since these valuations are used to determine mortgage amounts and terms. The CFPB created the rule to protect consumers from inaccurate property appraisals. **Current Status** The bill is currently in committee, meaning it has been introduced but not yet voted on by the full House. It was sponsored by Rep. Andrew Clyde (R-GA), suggesting some Republicans have concerns about the CFPB's new standards, though the bill's specific objections to the rule are not detailed in the available information.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Quality Control Standards for Automated Valuation Models".
# Summary of HJRES 48 **What the Bill Does:** This bill would reject a new Federal Reserve rule about quality control standards for automated valuation models (AVMs)—computer systems that estimate property values. If passed, it would overturn this regulation using the Congressional Review Act, a process that allows Congress to disapprove of federal agency rules. The bill does not replace the rule with an alternative; it simply eliminates it. **Who It Affects:** The rule primarily impacts banks, mortgage lenders, appraisers, and real estate professionals who use automated property valuation systems in lending decisions. Homebuyers and borrowers could also be indirectly affected, depending on how lenders adapt to any change in valuation standards. The Federal Reserve created the rule to establish quality standards for these computer-generated valuations. **Current Status:** The bill was introduced by Representative Andrew Clyde (R-GA) in the 119th Congress and remains in committee, meaning it has not yet been debated or voted on by the full House of Representatives. No action has been taken as of now.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs".
# Summary of HJRES 53 **What It Would Do:** This bill would reject a rule created by the Securities and Exchange Commission (SEC) that requires mutual funds and open-end investment funds to report certain information about their liquidity (how easily they can convert investments to cash) and implement programs to manage liquidity risks. If passed, the SEC rule would be disapproved and effectively canceled. **Who It Affects:** The rule primarily impacts mutual fund companies and investors who own mutual funds. It could also affect financial regulators and the SEC's ability to oversee fund risk management. Individual investors may be indirectly affected if this transparency requirement is removed, as they might have less detailed information about their funds' financial health. **Current Status:** The bill, introduced by Representative Andrew Clyde (R-GA), is currently in committee and has not yet been voted on by the full House. Congress can use this "disapproval" process to overturn federal agency rules they believe are problematic. The SEC would need to address Congress's concerns or the rule would remain blocked if the bill passes both chambers.