Loudermilk, Barry [R-GA-11]
Republican · GA · 15 bills sponsored
American FIRST Act of 2025
# American FIRST Act of 2025 Summary The American FIRST Act of 2025 (HR 6550) is a proposed bill that would establish new regulatory and oversight requirements for banking and financial institutions, particularly regarding their business records and international financial activities. While the full text details are limited in the available information, the bill appears to focus on increasing congressional oversight of corporate finance management and foreign banking operations, potentially requiring enhanced reporting or transparency measures for financial institutions dealing with international transactions. The bill would primarily affect banking institutions, financial services companies, and their regulatory bodies. It may also impact large corporations engaged in international business and finance, as well as government agencies responsible for financial oversight and archives management. The specific provisions and requirements would apply to how financial institutions maintain and report their business records, especially those involving foreign or international banking activities. **Current Status:** The bill is currently in committee, meaning it has been introduced but has not yet advanced to a full floor vote in the House of Representatives. The bill was sponsored by Representative Barry Loudermilk (R-GA). Further action would require committee review and approval before it could be considered by the full House.
Respect State Housing Laws Act
# Respect State Housing Laws Act (HR 1078) - Plain Language Summary **What the Bill Would Do** This bill would remove a federal requirement that landlords give tenants 30 days' notice before starting eviction proceedings in housing that receives federal assistance or backing. If passed, landlords in these properties could follow their state's eviction laws instead, which may allow faster eviction processes. The bill essentially shifts the rules from federal standards to state-by-state standards for this type of housing. **Who It Affects** The bill primarily affects tenants living in federally assisted or federally backed housing—this includes public housing, subsidized apartment complexes, and homes with government-backed mortgages. It also affects landlords and property managers of these units. Low- and moderate-income renters would likely be most impacted, as they represent a large portion of tenants in federally assisted housing. **Current Status** As of now, the bill is in committee, meaning it hasn't yet been debated or voted on by the full House of Representatives. The bill was introduced by Representative Barry Loudermilk (R-GA). No action has been taken beyond its initial filing.
New BANK Act of 2025
# New BANK Act of 2025 - Summary The New BANK Act of 2025 (HR 6551) is a proposed law focused on regulating banking and financial institutions while increasing congressional oversight of the banking system. Though the bill's specific provisions aren't detailed in the available information, the listed subjects indicate it would address how banks are regulated and licensed, establish mechanisms for Congress to monitor financial institutions more closely, and create procedures for studying and investigating financial crises. The bill also appears to include requirements related to government record-keeping and information access regarding banking matters. This bill would primarily affect banks and financial institutions subject to federal regulation, as well as the government agencies that oversee them (such as the Federal Reserve and the Office of the Comptroller of the Currency). Congress and the public could also be impacted through increased transparency and investigation capabilities related to banking and financial stability issues. Currently, the bill is in committee, meaning it has been introduced but has not yet been debated or voted on by the full House of Representatives. Further details about specific provisions would require reviewing the full legislative text.
Financial Reporting Threshold Modernization Act
# Financial Reporting Threshold Modernization Act (HR 1799) Summary **What the Bill Would Do:** This bill would update the financial reporting thresholds used by the Treasury Department to monitor potential money laundering and financial crimes. Specifically, it would raise the dollar amount that triggers mandatory reporting requirements for certain financial transactions. Currently, banks and financial institutions must file reports on transactions exceeding specific thresholds; this bill would increase those thresholds to reflect inflation and modern economic conditions, making the reporting requirements less frequent for smaller transactions. **Who It Affects:** The bill primarily affects banks, credit unions, and other financial institutions that currently file reports with federal authorities. It would also impact the Treasury Department's Financial Crimes Enforcement Network (FinCEN), which receives and analyzes these reports. Indirectly, it could affect law enforcement agencies that use this financial data to investigate money laundering and other financial crimes. **Current Status:** As of now, HR 1799 remains in committee and has not advanced to a floor vote in the House. The bill has not yet passed either chamber of Congress.
FCRA Liability Harmonization Act
# FCRA Liability Harmonization Act Summary **What the Bill Does** This bill would modify the Fair Credit Reporting Act (FCRA), a federal law that regulates credit reporting agencies and protects consumers' credit information. While specific details aren't available in the summary provided, the bill's title suggests it aims to standardize or align liability rules—likely making the legal responsibilities of credit reporting agencies more consistent across different situations or states. **Who It Affects** The bill would primarily impact credit reporting agencies (like Equifax, Experian, and TransUnion), consumers whose credit information is reported, businesses that use credit reports, and potentially creditors. Changes to FCRA liability rules could affect how easily consumers can sue credit reporting agencies for errors and the damages they can recover. **Current Status** As of now, the bill remains in committee, meaning it has been introduced but has not yet advanced to a full vote in the House of Representatives. No action has been taken beyond the initial committee assignment, so it's unclear whether or when it might move forward. *Note: For complete details on specific provisions, you would need to review the full bill text on Congress.gov, as those specifics are not included in the available summary.*
Catastrophic Specialty Hospital Act of 2025
# Catastrophic Specialty Hospital Act of 2025 - Summary **What the Bill Would Do** The Catastrophic Specialty Hospital Act of 2025 (HR 5644) aims to establish or modify regulations around specialty hospitals that treat severe, complex medical conditions. While the bill's full details aren't publicly available yet, such legislation typically addresses how these hospitals operate, how they're funded through Medicare and insurance programs, and what standards they must meet. The bill is currently in committee, meaning it hasn't advanced to a full House vote. **Who It Affects** This bill would impact specialty hospitals (facilities focused on treating specific conditions like heart disease, cancer, or orthopedic injuries), their patients, healthcare providers, and Medicare/insurance programs that pay for care at these facilities. Changes could affect hospital operations, staffing requirements, patient access to specialized treatment, and how much these services cost taxpayers and patients. **Current Status** As of now, HR 5644 is in committee review stage and has not yet been scheduled for a full House vote. Without the bill's detailed text publicly available, its specific provisions—such as funding levels, eligibility requirements, or regulatory changes—cannot be fully detailed. Those interested in its progress can monitor Congress.gov for updates as it moves through the legislative process.
To name the Department of Veterans Affairs multispecialty clinic in Marietta, Georgia, as the "Colonel Michael H. Boyce Department of Veterans Affairs Multispecialty Clinic".
# Summary of HR 5362 **What the Bill Would Do** This bill would rename a Department of Veterans Affairs (VA) medical clinic in Marietta, Georgia. Instead of its current name, the facility would be officially called the "Colonel Michael H. Boyce Department of Veterans Affairs Multispecialty Clinic." The bill honors Colonel Michael H. Boyce, though the specific details about why he is being honored are not included in this bill summary. **Who It Affects** The bill primarily affects veterans who receive care at this VA clinic in Marietta, Georgia. It would also affect the facility's operations and official documentation. This is a largely ceremonial measure that renames the facility without changing services or operations. **Current Status** As of now, the bill is in committee and has not yet been voted on by the full House. It was introduced by Representative Barry Loudermilk, a Republican from Georgia's 11th Congressional District. For the bill to become law, it would need to pass through committee, receive a House vote, pass the Senate, and be signed by the President.
Portal for Appraisal Licensing Act of 2025
# Portal for Appraisal Licensing Act of 2025 - Summary **What the Bill Would Do:** This bill would establish a federal online portal system for appraisal licensing. Based on the title and purpose, it would create a centralized database or application platform where real estate appraisers can apply for, manage, and maintain their professional licenses across states. Currently, appraisers must navigate separate licensing requirements and processes in each state where they work, which can be time-consuming and complicated. **Who It Affects:** The bill primarily affects real estate appraisers who work across multiple states, as well as state licensing boards that oversee appraiser credentials. It could also indirectly benefit homebuyers, mortgage lenders, and real estate professionals by potentially streamlining the appraisal process and making it easier to verify appraiser qualifications. **Current Status:** As of now, HR 5520 is in committee, meaning it has been introduced but has not yet been debated or voted on by the full House of Representatives. The bill was sponsored by Representative Barry Loudermilk (R-GA). No additional details about specific provisions are currently available in the bill summary.
TAILOR Act of 2025
# TAILOR Act of 2025 Summary **What It Does:** The TAILOR Act would require federal banking regulators to customize their oversight of financial institutions based on their individual risk levels and business types, rather than applying one-size-fits-all rules. The bill focuses particularly on reducing regulatory burden on community banks by simplifying certain capital reporting requirements. Regulators would also have to report to Congress on what steps they've taken to tailor their supervision and modernize banking oversight practices. **Who It Affects:** The bill primarily targets community banks and smaller financial institutions that argue they face excessive regulatory costs compared to larger banks. It would also affect federal banking agencies (like the Federal Reserve and the Office of the Comptroller of the Currency) that would need to adjust their practices and provide detailed reports to Congress. **Key Provisions:** The tailoring requirement would apply to both future regulations and rules adopted over the past 15 years. Community banks meeting certain capital standards would get simplified reporting requirements. Banking agencies must also report on modernizing supervision, including improvements to examiner training and any statutory changes needed for better oversight. **Current Status:** The bill is currently in committee as of the 119th Congress and has not yet been voted on.
To amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms, and for other purposes.
# HR 3402 Summary **What the Bill Would Do** HR 3402 would require large investment companies and pension funds to disclose more information about their relationships with proxy advisory firms—companies that advise investors on how to vote on corporate matters like board elections and executive compensation. The bill aims to increase transparency around these advisory relationships and potentially give investors better insight into how their money is being voted at shareholder meetings. **Who It Affects** This legislation primarily impacts institutional investment managers (like mutual funds and pension funds), proxy advisory firms (such as ISS and Glass Lewis), and ultimately individual investors whose retirement accounts and investments are managed by these institutions. Public companies would also be indirectly affected, as shareholders' voting patterns could change with increased transparency. **Current Status** The bill is currently in committee and has not yet been voted on by the full House. It was introduced by Rep. Barry Loudermilk (R-GA) in the 119th Congress. The bill remains in the early legislative stage, meaning it would need committee approval and House passage before moving forward.
Ensuring U.S. Authority over U.S. Banking Regulations Act
# Ensuring U.S. Authority over U.S. Banking Regulations Act Summary **What the Bill Does:** This bill, HR 3355, aims to preserve U.S. control over American banking regulations by limiting the influence of international banking standards and agreements on U.S. financial policy. While the bill text and specific provisions aren't detailed in the information provided, the title suggests it would prevent international bodies from dictating how the U.S. regulates its banks and financial institutions. **Who It Affects:** The bill would impact banks and financial institutions operating in the United States, U.S. banking regulators, and potentially consumers who use banking services. It may also affect international cooperation on financial standards between the U.S. and other countries. **Current Status:** As of now, HR 3355 is in committee, meaning it has been introduced but has not yet advanced to a full congressional vote. The bill was sponsored by Representative Barry Loudermilk (R-GA) in the 119th Congress. To understand the specific regulations this bill would change, you would need to review the full bill text, which wasn't provided here.
Primary Regulators of Insurance Vote Act of 2025
# Primary Regulators of Insurance Vote Act of 2025 - Summary **What the Bill Would Do:** This bill would give state insurance commissioners a formal voting role in decisions made by the Federal Reserve (the nation's central bank). Currently, state insurance regulators have limited input on Federal Reserve policies that affect insurance companies. The bill would grant them voting representation, likely on Federal Reserve committees or boards that make decisions affecting the insurance industry. **Who It Affects:** The bill primarily affects state insurance commissioners, insurance companies, and the Federal Reserve's decision-making process. Indirectly, it could impact consumers who buy insurance, since changes to how insurance companies are regulated could affect insurance availability and pricing. **Key Provisions & Current Status:** While specific provisions aren't detailed in the available information, the bill's title indicates it focuses on giving insurance regulators a "vote" in Federal Reserve matters—suggesting a structural change to how federal banking and insurance regulation work together. The bill is currently in committee, meaning it has been introduced but not yet debated or voted on by the full House of Representatives. No action has been taken on it so far.
Transparency in CFPB Cost-Benefit Analysis Act
# Transparency in CFPB Cost-Benefit Analysis Act - Summary **What the Bill Would Do** This bill would require the Consumer Financial Protection Bureau (CFPB)—a federal agency that oversees consumer financial products like credit cards, mortgages, and bank accounts—to provide detailed public explanations whenever it creates new rules. Specifically, the CFPB would need to publish: a written justification for why the rule is needed, a detailed analysis of both the costs and benefits of the rule, alternative approaches considered, how the rule affects small businesses, and the data or studies supporting their conclusions. **Who It Affects and Current Status** The bill primarily affects financial companies and consumers. Financial institutions would get clearer information about the reasoning behind new regulations, while consumers would have more transparency into how consumer protections are developed. The bill is currently in committee, meaning it has been introduced but has not yet been voted on by the full House of Representatives. Rep. Barry Loudermilk, a Republican from Georgia, sponsored the bill. **Key Provision** The main requirement is transparency: the CFPB must publicly show its work before implementing new rules, including acknowledging trade-offs, potential costs to businesses, and alternative solutions that were considered. Supporters argue this increases accountability, while critics might contend it could slow down consumer protections or give industries more opportunity to challenge proposed rules.
Protecting Investors’ Personally Identifiable Information Act
# Protecting Investors' Personally Identifiable Information Act Summary **What It Would Do:** This bill aims to strengthen privacy protections for people who invest in the stock market and other securities. Specifically, it would require the Securities and Exchange Commission (SEC)—the federal agency that regulates investment markets—to establish new rules protecting investors' personal information (like names, Social Security numbers, and financial details) from unauthorized access, theft, and misuse. The legislation would create standards for how investment firms and brokers handle sensitive investor data. **Who It Affects:** The bill primarily affects individual investors, investment companies, and stock brokers. It would also impact the SEC, which would need to develop and enforce the new privacy rules. Any firm that handles investor information would need to comply with the new requirements. **Current Status:** As of now, the bill is in committee, meaning it's under review by the relevant House committee and has not yet advanced to a full vote in Congress. The bill was introduced in the 119th Congress by Representative Barry Loudermilk (R-GA).
MERIT Act of 2025
# MERIT Act of 2025 Summary The MERIT Act of 2025 would reform how federal employees are hired, evaluated, and disciplined. Based on its subject areas, the bill appears to focus on strengthening merit-based hiring and performance standards within the federal government, while also affecting federal employee benefits, pay, and job protections. The bill would likely impact the Merit Systems Protection Board (the agency that handles federal employee disputes) and the Office of Personnel Management (which oversees federal workforce policies). Key areas the bill would address include changes to federal employee performance evaluations, discrimination protections, disciplinary procedures, and potentially pension and tax benefits for government workers. The bill also touches on government ethics and transparency issues related to personnel decisions. **Current Status:** The bill is currently in committee and has not yet been voted on by the full House of Representatives. As of now, it remains in the early legislative stage. *Note: Without access to the full bill text, this summary is based on the subject categories listed. For specific details on exact provisions, you would need to review the complete bill on Congress.gov.*