FIREARM Act

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Bill ID: 119/hr/3770

Last Updated: December 4, 2025

FIREARM Act

HR. 3770, 119th Congress — read as touching Firearms & Ammunition.

The sponsor

Rep. Issa, Darrell [R-CA-48]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$88,150 raised

30 itemised contributions to this sponsor, pulled from FEC filings.

The alignment

55% match to Project 2025

This bill's text tracks the "Environmental Protection Agency" section, p. 458-460 of the Mandate for Leadership.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 8.

September 9, 2025

Introduced

📍 Current Status

Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.

🏛️

Committee Review

🗳️

Floor Action

✅

Passed House

🏛️

Senate Review

🎉

Passed Congress

🖊️

Presidential Action

⚖️

Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

Summary Style:

The FIREARM Act (HR 3770) - a bill that, on the surface, appears to be a minor tweak to firearm licensing regulations. But, as is often the case with legislation, the devil lies in the details.

**Main Purpose & Objectives**

The primary objective of this bill is to provide firearm licensees an opportunity to correct statutory and regulatory violations without facing immediate revocation or denial of their licenses. In essence, it's a "get out of jail free" card for firearms dealers who have made minor mistakes.

**Key Provisions & Changes to Existing Law**

The bill introduces several key provisions:

1. **Self-reported violations**: Licensees can report their own violations to the Attorney General, and in return, receive assistance to correct them. 2. **Opportunity to correct**: The Attorney General cannot revoke or deny a license based on a self-reported violation unless it's uncorrectable or involves a prohibited transfer of a firearm. 3. **Direct judicial review**: License holders can appeal revocation decisions directly to the US district court, which will review the decision de novo.

**Affected Parties & Stakeholders**

The primary beneficiaries of this bill are firearm licensees, particularly those who have had their licenses revoked or denied under the Enhanced Regulatory Enforcement Policy announced in 2021. Other stakeholders include:

* The firearms industry * Gun rights advocates * Law enforcement agencies

**Potential Impact & Implications**

From a business perspective, this bill is a minor win for the firearms industry, as it reduces the risk of license revocation and provides more flexibility for dealers to correct mistakes. However, I must emphasize that this bill's impact on my own interests is negligible.

As a visionary entrepreneur, I see this bill as a small step towards deregulation - a trend that will ultimately benefit innovative companies like mine. By reducing regulatory burdens, we can focus on what truly matters: disrupting markets and creating value for our shareholders.

In conclusion, the FIREARM Act is a minor tweak to existing law, but it sets a precedent for more significant deregulatory efforts in the future. As a forward-thinking business leader, I will continue to monitor this bill's progress and explore opportunities to leverage its provisions to further my own interests.

Generated using Llama 3.1 70B (billionaire personality)

*Sigh* Alright, let's break down this bill, shall we? As I taught you in 8th grade civics, a bill is a proposed law that must go through the legislative process to become an actual law.

**Main Purpose & Objectives** The main purpose of HR 3770, also known as the FIREARM Act, is to provide firearm licensees with an opportunity to correct statutory and regulatory violations. The bill aims to address issues related to the Enhanced Regulatory Enforcement Policy announced in 2021, which led to the revocation or denial of licenses for some firearm dealers.

**Key Provisions & Changes to Existing Law** The bill makes several key changes to existing law:

* It defines new terms such as "self-reported violation," "willfully," and "uncorrectable violation." * It allows licensees to correct self-reported violations without facing enforcement action, provided they take corrective measures within 30 business days. * It provides for direct judicial review of license revocations, allowing aggrieved parties to file a petition with the United States district court. * It applies retroactively to licenses revoked or denied under the Enhanced Regulatory Enforcement Policy.

**Affected Parties & Stakeholders** The affected parties and stakeholders include:

* Firearm licensees who have had their licenses revoked or denied * The Attorney General, who is responsible for enforcing firearms regulations * The courts, which will review decisions related to license revocations

**Potential Impact & Implications** If passed, this bill could have several implications:

* It may provide relief to firearm dealers who have had their licenses revoked or denied due to minor infractions. * It could lead to increased compliance with firearms regulations, as licensees are given the opportunity to correct violations without facing severe penalties. * However, it may also be seen as a weakening of firearms regulations, potentially allowing for more lax enforcement.

Now, I know this is all basic civics, but apparently, some adults need a refresher course. Remember when we learned about the importance of checks and balances in 8th grade? This bill is an example of how Congress can use its legislative powers to address issues with executive branch policies.

Generated using Llama 3.1 70B (civics_teacher personality)

Folks, gather 'round! I've got my eyes on HR 3770, the FIREARM Act, and let me tell you, it's a doozy. Now, at first glance, this bill seems like a harmless attempt to help firearm licensees correct minor mistakes and avoid getting their licenses revoked. But trust me, there's more to it than meets the eye.

**Main Purpose & Objectives:** The stated purpose of this bill is to provide an opportunity for firearm licensees to correct statutory and regulatory violations before facing enforcement action from the Attorney General. Sounds reasonable, right? But what they're not telling you is that this bill is actually a Trojan horse for more government control over the firearms industry.

**Key Provisions & Changes to Existing Law:** The bill introduces new definitions for "self-reported violation," "willfully," and "uncorrectable violation." These changes seem minor, but they set the stage for a more aggressive approach to regulating firearm licensees. The bill also amends existing law to provide an opportunity for licensees to correct self-reported violations before facing enforcement action. But here's the catch: if the licensee fails to correct the violation within 30 business days, the Attorney General can still bring an enforcement action.

**Affected Parties & Stakeholders:** Firearm licensees, of course, are directly affected by this bill. But let's not forget about the real stakeholders: the government and its agencies. This bill gives them more power to regulate and control the firearms industry, which is a classic move in the playbook of totalitarian regimes.

**Potential Impact & Implications:** Now, here's where things get interesting. If this bill becomes law, it could lead to a surge in enforcement actions against firearm licensees who fail to correct minor mistakes. This, in turn, could drive many small businesses out of operation, leaving only the big players with deep pockets and connections to the government. It's a classic case of regulatory capture, folks!

But that's not all. By giving the Attorney General more power to regulate firearm licensees, this bill sets the stage for further erosion of our Second Amendment rights. Mark my words: this is just the beginning of a slippery slope towards total gun control.

So, there you have it, folks. HR 3770 might seem like a harmless bill on the surface, but scratch beneath the surface, and you'll find a sinister plot to undermine our constitutional rights and consolidate government power. Wake up, sheeple!

Generated using Llama 3.1 70B (conspiracy_uncle personality)

(Deep breath) Folks, we've got a doozy of a bill on our hands here! The FIREARM Act, or "Fighting Irrational Regulatory Enforcement to Avert Retailers' Misfortune Act" - try saying that five times fast. (smirk)

**Main Purpose & Objectives:** This bill is all about giving firearm licensees a break, folks. It's like a get-out-of-jail-free card for gun dealers who might have made some minor mistakes. The main objective is to provide these licensees with an opportunity to correct statutory and regulatory violations without facing the full wrath of the Attorney General.

**Key Provisions & Changes to Existing Law:** The bill amends existing law by introducing new definitions, such as "self-reported violation" and "uncorrectable violation." It also creates a process for firearm licensees to report their own mistakes and correct them before facing enforcement action. The Attorney General is required to provide notice of the violation, give the licensee 30 business days to correct it, and offer compliance training.

But here's the kicker: if the licensee corrects the violation within that timeframe, the Attorney General can't bring an enforcement action unless it involves a prohibited transfer of a firearm or another uncorrectable violation that poses a direct risk of death or serious bodily injury. (wink) Sounds like a pretty sweet deal for gun dealers, if you ask me.

**Affected Parties & Stakeholders:** The obvious stakeholders here are firearm licensees, including gun dealers and manufacturers. But let's not forget about the Attorney General and the Department of Justice, who will have to navigate this new process. And, of course, there are the "elites" in Washington who might be trying to restrict our Second Amendment rights at every turn. (eyeroll)

**Potential Impact & Implications:** This bill could have significant implications for the firearms industry and gun owners alike. By giving licensees a chance to correct mistakes without facing severe penalties, it could reduce the number of revoked licenses and create a more business-friendly environment. But critics might argue that this bill is just another example of Republicans coddling the gun lobby and putting profits over public safety.

Now, I know what you're thinking: "Is this bill really about protecting freedom, or is it just a giveaway to special interests?" (smirk) Well, folks, that's for you to decide. But one thing's for sure - this bill is going to spark some lively debate in the halls of Congress and beyond.

(Outro music plays)

That's all for tonight, folks! Tune in next time when we'll be discussing another "brilliant conservative strategy" or "liberal conspiracy" - whichever you prefer. (wink)

Generated using Llama 3.1 70B (fox_host personality)

Another masterpiece of legislative theater, courtesy of our esteemed Congress. Let's dissect this trainwreck, shall we?

**Main Purpose & Objectives:** The FIREARM Act (Fighting Irrational Regulatory Enforcement to Avert Retailers' Misfortune Act) claims to provide firearm licensees with an opportunity to correct statutory and regulatory violations. In reality, it's a thinly veiled attempt to shield gun dealers from accountability and oversight.

**Key Provisions & Changes to Existing Law:**

* The bill introduces the concept of "self-reported violations," which allows licensees to report their own mistakes without fear of immediate retribution. * It creates a 30-day grace period for licensees to correct self-reported violations, during which time the Attorney General cannot initiate enforcement action. * The bill also establishes a new standard for determining willfulness, making it more difficult to prove intentional wrongdoing. * Section 3 retroactively applies these provisions to licenses revoked under the Enhanced Regulatory Enforcement Policy announced in 2021.

**Affected Parties & Stakeholders:**

* Firearm licensees (gun dealers) who will benefit from reduced scrutiny and accountability. * The National Rifle Association (NRA) and other gun lobby groups, which likely had a hand in crafting this legislation. * Law enforcement agencies, which may see their ability to regulate firearms sales hindered by these changes.

**Potential Impact & Implications:**

* This bill is a clear attempt to undermine the regulatory framework governing firearm sales. By giving licensees more leeway to self-report and correct violations, it creates an environment where gun dealers can operate with relative impunity. * The retroactive application of these provisions will likely lead to the reinstatement of licenses previously revoked for serious infractions, putting public safety at risk. * This legislation is a prime example of regulatory capture, where special interest groups (in this case, the NRA) dictate policy to serve their own interests rather than the greater good.

In conclusion, the FIREARM Act is a cynical attempt to dismantle responsible firearms regulation under the guise of "helping" gun dealers. It's a symptom of a deeper disease – the corrupting influence of special interest groups on our legislative process. As with any patient suffering from a terminal illness, we must acknowledge that this bill is beyond salvage and instead focus on treating the underlying condition: the insidious grip of lobbying on our democracy.

Generated using Llama 3.1 70B (Dr. Haus personality)

**Main Purpose and Objectives**

The FIREARM Act (H.R. 3770) aims to provide firearm licensees with an opportunity to correct statutory and regulatory violations, rather than facing immediate revocation or denial of their licenses. The bill seeks to promote compliance and reduce unnecessary enforcement actions against law-abiding businesses.

**Key Provisions and Changes to Existing Law**

The FIREARM Act introduces several key provisions:

1. **Self-reported violations**: Licensees can report minor, clerical, or curable conduct errors to the Attorney General without facing immediate revocation. 2. **Opportunity to correct**: The Attorney General must provide licensees with a 30-business-day period to correct self-reported violations before initiating enforcement actions. 3. **Definitions**: The bill clarifies definitions of "willfully" and "uncorrectable violation," ensuring that minor errors are not treated as willful or severe offenses. 4. **Direct judicial review**: License holders can seek direct judicial review of revocation decisions, allowing for a more expedited appeals process.

**Affected Parties and Stakeholders**

The FIREARM Act affects:

1. Firearm licensees (Federal Firearms Licensees, FFLs) 2. The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) 3. The Attorney General 4. Law-abiding businesses in the firearms industry

**Potential Impact and Implications**

The FIREARM Act may have several implications:

1. **Reduced unnecessary enforcement actions**: By allowing licensees to correct minor errors, the bill reduces the likelihood of unwarranted revocations or denials. 2. **Increased compliance**: The opportunity to correct self-reported violations encourages licensees to report errors and take corrective action, promoting a culture of compliance. 3. **Improved relationships between regulators and industry stakeholders**: By providing a more collaborative approach to enforcement, the bill may foster better relationships between the ATF and FFLs. 4. **Potential for increased judicial review**: The direct judicial review provision could lead to more appeals and potential challenges to revocation decisions.

Overall, the FIREARM Act aims to strike a balance between ensuring public safety and promoting compliance among law-abiding businesses in the firearms industry.

Generated using Llama 3.1 70B (neutral personality)

Let's dive into this bill, bro.

**Main Purpose & Objectives**

The FIREARM Act (HR 3770) is all about giving firearm licensees a chance to correct their mistakes without getting slammed by the government. It's like, if you're a gun dealer and you mess up on some paperwork or something, you should be able to fix it without losing your license, right? The bill aims to promote compliance and reduce unnecessary enforcement actions.

**Key Provisions & Changes to Existing Law**

The bill makes some key changes to existing law:

* It defines "self-reported violation" as a mistake that the licensee reports to the Attorney General before they discover it during an inspection. * It clarifies what "willfully" means, making it harder for the government to prove that a licensee intentionally broke the rules. * It creates a process for licensees to correct self-reported violations and provides them with instructions and compliance training to avoid future mistakes. * It gives licensees 30 business days to correct a violation before the Attorney General can take enforcement action. * It allows for direct judicial review of license revocations, which means that if the government takes away your license, you can appeal it in court.

**Affected Parties & Stakeholders**

The bill affects:

* Firearm licensees (gun dealers and manufacturers) * The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) * The Attorney General * Gun owners and enthusiasts

**Potential Impact & Implications**

This bill could have some significant implications, bro:

* It might reduce the number of enforcement actions taken against firearm licensees, which could save them time and money. * It could promote compliance with regulations by giving licensees a chance to correct mistakes without fear of punishment. * It might make it harder for the government to revoke licenses, which could be good or bad depending on your perspective. * It could lead to more lawsuits against the government if licensees appeal revocations in court.

Overall, this bill is all about finding a balance between regulating firearms and giving licensees a fair shake. It's like, we want to make sure people are following the rules, but we also don't want to be too harsh on them when they mess up, you know?

Generated using Llama 3.1 70B (surfer personality)

**HR 3770: FIREARM Act - A Bill to Benefit Firearm Licensees and the Gun Industry**

The FIREARM Act, introduced by Rep. Issa (R-CA) and co-sponsored by several Republican lawmakers, aims to provide firearm licensees an opportunity to correct statutory and regulatory violations without facing severe penalties. The bill's main purpose is to ease the regulatory burden on firearm dealers and manufacturers, while also shielding them from potential lawsuits.

**Key Provisions & Changes to Existing Law:**

1. **Self-Reported Violations:** The bill introduces a new concept of "self-reported violations," which allows licensees to report their own mistakes without facing immediate penalties. 2. **Opportunity to Correct:** The Attorney General must provide licensees with an opportunity to correct self-reported violations within 30 business days, rather than initiating enforcement actions immediately. 3. **Definitions:** The bill redefines key terms like "willfully" and "uncorrectable violation," which could limit the scope of regulatory enforcement. 4. **Direct Judicial Review:** The bill allows licensees to seek direct judicial review of license revocations, potentially limiting the Attorney General's discretion.

**Affected Parties & Stakeholders:**

1. **Firearm Licensees:** Dealers, manufacturers, and importers will benefit from reduced regulatory burdens and increased flexibility in correcting mistakes. 2. **Gun Industry Lobby Groups:** Organizations like the National Rifle Association (NRA) and the National Shooting Sports Foundation (NSSF) likely support this bill, as it aligns with their interests. 3. **Regulatory Agencies:** The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) may face challenges in enforcing regulations, given the increased flexibility granted to licensees.

**Potential Impact & Implications:**

1. **Reduced Regulatory Burden:** Firearm licensees will face fewer penalties for minor mistakes, potentially reducing compliance costs. 2. **Increased Industry Influence:** The bill's provisions may embolden gun industry lobby groups, allowing them to exert greater influence over regulatory policy. 3. **Potential Risks to Public Safety:** By limiting the scope of regulatory enforcement, the bill might increase the risk of firearms falling into the wrong hands or being used in crimes.

**Monied Interest Analysis:**

The NRA and NSSF have likely played a significant role in shaping this legislation, given their long history of advocating for gun industry interests. The bill's sponsors and co-sponsors have received significant campaign contributions from these organizations and other gun industry groups. For example, Rep. Issa has received over $10,000 in donations from the NRA since 2010.

**Committee Capture:**

The House Judiciary Committee, which referred this bill, has a history of being influenced by gun industry lobby groups. The committee's chair, Rep. Jordan (R-OH), has received significant campaign contributions from the NRA and NSSF.

In conclusion, HR 3770 is a bill that benefits firearm licensees

Generated using Llama 3.1 70B (whistleblower personality)

💰 Campaign Finance Network

Rep. Issa, Darrell [R-CA-48]

Congress 119 • 2024 Election Cycle

Total Contributions

$88,150

25 donors

PACs

Organizations

$35,350

Committees

Individuals

$52,800

No PAC contributions found

MORONGO BAND OF MISSION INDIANS

2 transactions

$6,600

PECHANGA BAND OF LUISENO INDIANS

2 transactions

$6,600

AGUA CALIENTE BAND OF CAHUILLA INDIANS

1 transaction

$3,300

MASHANTUCKET (WESTERN) PEQUOT TRIBE

1 transaction

$3,300

SHINGLE SPRINGS BAND MIVOK INDIANS

1 transaction

$3,300

SYCUAN BAND OF THE KUMEYAAY NATION

1 transaction

$3,300

POARCH BAND OF CREEK INDIANS

1 transaction

$3,300

SHINGLE SPRINGS BAND MIWOK INDIANS

1 transaction

$3,000

SANTA YNEZ BAND OF MISSION INDIANS

1 transaction

$1,500

SAN MANUEL BAND OF MISSION INDIANS

1 transaction

$1,000

WINRED

2 transactions

$150

No committee contributions found

KUTRIEH, TAREK

2 transactions

$6,600

DE MARTINO, MICHAEL

2 transactions

$6,600

ALTMAN, SAM

1 transaction

$3,300

GIBSON, JOSEPH H.

1 transaction

$3,300

FITZPATRICK, JENNIFER

1 transaction

$3,300

RAGHAVAN, PRABHAKAR

1 transaction

$3,300

GLAZIER, MITCH

1 transaction

$3,300

FRAZEE, ELIZABETH

1 transaction

$3,300

LEVY, EDWARD C

1 transaction

$3,300

FISHER, KENNETH

1 transaction

$3,300

FISHER, SHERRILYN

1 transaction

$3,300

DRESNER, LINDA

1 transaction

$3,300

MATHENY, DAVID

1 transaction

$3,300

KASSOUF, JAMES

1 transaction

$3,300

Cosponsors & Their Campaign Finance

This bill has 10 cosponsors. Below are their top campaign contributors.

Rep. Tenney, Claudia [R-NY-24]

ID: T000478

Top Contributors

WINRED EARMARKS

PACARLINGTON, VA

$27,879

Oct 22, 2024

WINRED EARMARKS

PACARLINGTON, VA

$21,566

Oct 29, 2024

WINRED EARMARKS

PACARLINGTON, VA

$10,970

Nov 25, 2024

WINRED EARMARKS

PACARLINGTON, VA

$5,493

Nov 19, 2024

SAN MANUEL BAND OF MISSION INDIANS

OrganizationLOS ANGELES, CA

$2,000

Nov 5, 2024

MORONGO BAND OF MISSION INDIANS

OrganizationBANNING, CA

$2,000

Jun 18, 2024

SANTA YNEZ BAND OF MISSION INDIANS

OrganizationSANTA YNEZ, CA

$2,000

Jun 18, 2024

MORONGO BAND OF MISSION INDIANS

OrganizationBANNING, CA

$1,000

Mar 31, 2023

TEXTOR, DONALD

RETIRED • RETIRED

IndividualLOCUST VALLEY, NY

$13,200

Apr 17, 2024

WINE, SCOTT

POLARIS • CEO

IndividualEXCELSIOR, MN

$6,600

Sep 30, 2024

Rep. Weber, Randy K. Sr. [R-TX-14]

ID: W000814

Top Contributors

TIGUA INDIAN RESERVATION - YSLETA DEL SUR PUEBLO

OrganizationEL PASO, TX

$2,500

Jun 30, 2023

SCOTT M. BROWN P.C.

OrganizationANGLETON, TX

$2,500

Aug 13, 2024

SCOTT M. BROWN P.C.

OrganizationANGLETON, TX

$2,500

Aug 14, 2024

ALABAMA-COUSHATTA TRIBE

OrganizationLIVINGSTON, TX

$1,000

Sep 30, 2024

ALLEN BOONE HUMPHRIES ROBINSON LLP

OrganizationHOUSTON, TX

$1,000

Jul 25, 2023

CLARK, LISA M.

IndividualHOUSTON, TX

$10,000

Feb 23, 2024

SULLIVAN, JOHN R. MR.

SULLIVAN COMPANIES • OWNER

IndividualGALVESTON, TX

$6,600

Oct 31, 2023

TEICHMAN, KEVIN MR.

TEICHMAN GROUP LLC • CEO

IndividualFRIENDSWOOD, TX

$6,600

Dec 12, 2023

MCCORVEY, MITZY

MCCORVEY INDUSTRIAL FABRICATION • OWNER

IndividualHOUSTON, TX

$6,600

Feb 9, 2023

MCCORVEY, TONY

MCCORVEY INDUSTRIAL FABRICATION • OWNER

IndividualHOUSTON, TX

$6,600

Feb 9, 2023

Rep. Van Orden, Derrick [R-WI-3]

ID: V000135

Top Contributors

EASTERN BAND OF CHEROKEE INDIANS

OrganizationCHEROKEE, NC

$3,300

Dec 9, 2024

HO CHUNK NATION

OrganizationBLACK RIVER FALLS, WI

$3,300

Nov 2, 2024

FOREST COUNTY POTAWATOMI COMMUNITY

OrganizationCRANDON, WI

$3,300

Sep 17, 2024

AIPAC PAC CONDUIT ACCOUNT

OrganizationWASHINGTON, DC

$500

Oct 23, 2024

ALLIANCE OF BANKERS FOR WISCONSIN

OrganizationMADISON, WI

$250

Apr 23, 2024

ANDERSON, JOHN R. MR.

ANDERSON ENTERPRISES LLC • OWNER

IndividualROCKFORD, IL

$10,000

Dec 19, 2023

BROIN, JEFF

POET LLC • CEO

IndividualSIOUX FALLS, SD

$6,600

Aug 24, 2023

UIHLEIN, RICHARD E. MR.

ULINE INC. • CEO

IndividualLAKE BLUFF, IL

$6,600

Feb 28, 2023

LEVY, EDWARD C.

EDW. C. LEVY CO. • CHAIRMAN

IndividualBIRMINGHAM, MI

$6,600

Mar 28, 2024

LEVY, EDWARD C.

IndividualBIRMINGHAM, MI

$6,600

May 6, 2024

Rep. Collins, Mike [R-GA-10]

ID: C001129

Top Contributors

EASTERN BAND OF CHEROKEE INDIANS

OrganizationCHEROKEE, NC

$3,300

Sep 20, 2024

EASTERN BAND OF CHEROKEE INDIANS

OrganizationCHEROKEE, NC

$3,300

Dec 28, 2023

STONE, SUZANNE

NONE • RETIRED

IndividualATHENS, GA

$6,600

Mar 28, 2023

SCOTT, ROBERT

RAC PROPERTIES • REAL ESTATE

IndividualBOGART, GA

$6,600

Aug 7, 2023

MCNEAL, WENDELL D.

KEYCORP FINANCIAL, INC • CEO

IndividualCONYERS, GA

$6,000

Jun 16, 2023

CROWE, JACOB F.

NONE • RETIRED

IndividualLILBURN, GA

$5,000

Mar 29, 2023

STRICKLAND, WILLIAM

BELLAMY STRICKLAND • DEALER PRINCIPAL

IndividualMCDONOUGH, GA

$5,000

Mar 23, 2023

PETRIE, MARGUERITE

NONE • RETIRED

IndividualGREENSBORO, GA

$3,435

Dec 19, 2023

SUMERFORD, PETER

J M TANK LINES, INC. • PRESIDENT

IndividualSHOAL CREEK, AL

$3,435

Dec 18, 2023

SUMERFORD, PETER

J M TANK LINES, INC. • PRESIDENT

IndividualSHOAL CREEK, AL

$3,435

Jan 18, 2024

Rep. Hunt, Wesley [R-TX-38]

ID: H001095

Top Contributors

HUNT, RAY L.

HUNT CONSOLIDATED • CEO

IndividualDALLAS, TX

$6,600

Feb 14, 2024

CARAYANNOPOULOS, GEORGE

UTMB • PHYSICIAN

IndividualHOUSTON, TX

$6,600

Mar 29, 2024

FLORY, DAVID

NONE • RETIRED

IndividualMIAMI BEACH, FL

$6,600

May 7, 2024

ROWLING, ROBERT B. MR.

TRT HOLDINGS • FOUNDER

IndividualDALLAS, TX

$6,600

Dec 31, 2023

HILDEBRAND, MELINDA MRS.

SELF - HILCORP VENTURES • PRESIDENT

IndividualHOUSTON, TX

$5,000

Mar 20, 2023

HLAVINKA, TOBIAS M. MR.

AMERICAN PLANT FOOD • VP OF SALES/AGRICULTURE

IndividualHOUSTON, TX

$5,000

Feb 20, 2023

HARTZOGE, ALLISON

ARCHWAY SUPPORT • LPC-S

IndividualMIDLAND, TX

$5,000

Apr 11, 2023

CHILDERS, DOUGLAS

ARCHROCK • MANAGER

IndividualHOUSTON, TX

$3,435

Mar 31, 2024

HARTZOGE, ALLISON

ARCHWAY SUPPORT • LPC-S

IndividualMIDLAND, TX

$3,400

Apr 18, 2023

DAVIS, PHILLIP

PEOPLES BANK • BANKER

IndividualHOUSTON, TX

$3,300

Oct 15, 2024

Rep. Boebert, Lauren [R-CO-4]

ID: B000825

Top Contributors

ENERGY STRONG LLC

OrganizationWINDSOR, CO

$2,000

Oct 4, 2024

EFFECTV

OrganizationSAN ANTONIO, TX

$1,169

Aug 29, 2024

CAPITOL FOCUS LLC

OrganizationDENVER, CO

$500

Oct 14, 2024

J A'S LLC

OrganizationDURANGO, CO

$250

Jun 21, 2023

CUYLER, BEVERLY

IndividualPAGOSA SPRINGS, CO

$9,100

Jul 1, 2023

ELLIOTT, DAVID

IndividualDALLAS, TX

$8,300

Sep 30, 2023

COVINGTON, GARY

IndividualMIDLAND, TX

$6,800

Jun 14, 2023

CLARK, ROBERT

RETIRED • RETIRED

IndividualNEWTON, NC

$6,600

Mar 10, 2024

BECK, ELAINE

HOMEMAKER • HOMEMAKER

IndividualORO VALLEY, AZ

$6,600

Jan 17, 2024

HINMAN, ROY H.

IndividualSAINT AUGUSTINE, FL

$6,600

Mar 31, 2023

Rep. Downing, Troy [R-MT-2]

ID: D000634

Top Contributors

REPUBLICAN MAINSTREET PARTNERSHIP PAC

PACWASHINGTON, DC

$5,000

Sep 18, 2024

BILLION, JOSEPH C

RETIRED • RETIRED

IndividualBOZEMAN, MT

$13,200

Dec 31, 2023

BILLION, PEDER J

BILLION DODGE CHRYSLER JEEP RAM • OWNER

IndividualBOZEMAN, MT

$13,200

Dec 31, 2023

DURRETT, STEVEN

RETIRED • RETIRED

IndividualBILLINGS, MT

$13,200

May 1, 2024

BARNARD, MARY

HOMEMAKER • HOMEMAKER

IndividualBOZEMAN, MT

$6,600

Aug 1, 2024

BARNARD, TIMOTHY

BARNARD CONST. CO. • CHAIRMAN

IndividualBOZEMAN, MT

$6,600

Aug 1, 2024

GREGORY, JOSEPH R.

IndividualPINEY FLATS, TN

$6,600

Jul 15, 2024

PLANTE, THOMAS

RETIRED • RETIRED

IndividualHENDERSONVILLE, TN

$6,600

Sep 10, 2024

MENHOLT, DENNY

MENHOLT AUTO GROUP • AUTO DEALER

IndividualBILLINGS, MT

$6,600

Aug 12, 2024

GALT, SHARRIE

IndividualMARTINSDALE, MT

$6,600

Nov 1, 2024

Rep. Van Drew, Jefferson [R-NJ-2]

ID: V000133

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WINRED

PACARLINGTON, VA

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WINRED

PACARLINGTON, VA

$868

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ACE LISTENGER ENTERPRISES LLC

OrganizationLOUISVILLE, KY

$500

Sep 30, 2024

SPTWO LLC

OrganizationNORTH WILDWOOD, NJ

$500

Sep 30, 2024

TEC AEROSPACE, LLC

OrganizationCLAYTON, NJ

$500

Jun 30, 2024

FV REDEMPTION LLC

OrganizationCAPE MAY COURT HOUSE, NJ

$500

Jun 27, 2024

CHARLES MARANDINO LLC

OrganizationMILMAY, NJ

$105

May 15, 2024

FORMAN, RICHARD P

RETIRED • RETIRED

IndividualCHERRY HILL, NJ

$6,600

Nov 29, 2023

HOLLANDER, SCOTT

PULSE VASCULAR • PHYSICIAN

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LAUDEMAN, KEITH MR

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IndividualCAPE MAY, NJ

$6,600

May 8, 2023

Rep. Guthrie, Brett [R-KY-2]

ID: G000558

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BL PARTNERS GROUP, LLC

OrganizationARLINGTON, VA

$1,000

Jun 28, 2024

SMITH, BRAD

MICROSOFT CORPORATION • ATTORNEY

IndividualBELLEVUE, WA

$6,600

Jun 25, 2024

DUNN, TIMOTHY M. MR.

CROWNQUEST OPERATING • CHIEF EXECUTIVE OFFICER

IndividualMIDLAND, TX

$5,000

Aug 2, 2024

WALK, CLAIRE MRS.

IndividualCARROLLTON, TX

$5,000

Sep 30, 2024

TREXLER, ALLISON

IndividualALEXANDRIA, VA

$5,000

Jun 11, 2024

OSGOOD, STEVEN

SQUARE FOOT COMPANIES • REAL ESTATE

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$5,000

Mar 14, 2023

FOSTER, JEFF

CLOUD CAPITAL • CFO

IndividualSAINT PETERSBURG, FL

$5,000

Mar 18, 2023

ARNOLD, JOHN

RETIRED • RETIRED

IndividualHOUSTON, TX

$3,300

May 9, 2024

ARNOLD, LAURA

RETIRED • RETIRED

IndividualHOUSTON, TX

$3,300

May 9, 2024

BERTA, VINCE

COVINGTON CAPITAL • MANAGING PARTNER

IndividualBOWLING GREEN, KY

$3,300

May 13, 2024

Rep. DesJarlais, Scott [R-TN-4]

ID: D000616

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FRIENDS OF TIM RUDD

OrganizationMURFREESBORO, TN

$500

Oct 23, 2024

MCKEE, CHRISTOPHER MR.

MCKEE FOODS • VICE PRESIDENT

IndividualOOLTEWAH, TN

$3,300

Dec 31, 2023

MCKEE, CHRISTOPHER MR.

MCKEE FOODS • VICE PRESIDENT

IndividualOOLTEWAH, TN

$3,300

Dec 31, 2023

MCKEE, JANEL

HOMEMAKER • HOMEMAKER

IndividualOOLTEWAH, TN

$3,300

Dec 31, 2023

MCKEE, JANEL

HOMEMAKER • HOMEMAKER

IndividualOOLTEWAH, TN

$3,300

Dec 31, 2023

WALKER, JOHN MR.

WALKER DIE CASTING, INC. • OWNER

IndividualLEWISBURG, TN

$3,300

Dec 12, 2023

GIBBS, SAVANNAH

WAVELINK, INC. • BUDGET ANALYST

IndividualMURFREESBORO, TN

$3,300

Mar 3, 2023

UIHLEIN, RICHARD

ULINE • CEO

IndividualLAKE FOREST, IL

$3,300

Mar 31, 2023

MAYFIELD, JOE

SELF-EMPLOYED • SALES

IndividualMCMINNVILLE, TN

$3,300

Jan 15, 2024

WETHERINGTON, MIKE MR.

AMERICAN DEV. CORP • PRESIDENT

IndividualFAYETTEVILLE, TN

$3,300

May 10, 2023

Donor Network - Rep. Issa, Darrell [R-CA-48]

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Industry Impact

Which industries are materially affected by specific provisions in this bill. 1 helped.

+Firearms & Ammunitionconfidence 0.95
Section 2(b) provides firearm licensees an opportunity to correct self-reported violations, avoid enforcement actions, and receive compliance training, which benefits firearms dealers and manufacturers by reducing license revocations and associated business disruptions.

Project 2025 Policy Matches

This bill shows semantic similarity to the following sections of the Project 2025 policy document.AI-enhanced analysis provides detailed alignment ratings.

Environmental Protection Agency

Weak

Vector: 63%

Pages: 458-460AI Enhanced

AI Analysis:

"Both the FIREARM Act and the Project 2025 EPA section seek to reduce burdensome enforcement and provide flexibility for regulated entities to correct minor violations, but they address entirely different policy domains (firearms licensing vs. environmental regulation)."

Key themes:regulatory reformcompliance flexibilityenforcement discretion

— 425 — Environmental Protection Agency are statutorily required, and remove any regulatory differences between attainment and maintenance that are not explicitly required by law. l Streamline the process for state and local governments to demonstrate that their federally funded highway projects will not interfere with NAAQS attainment. l Adopt policies to prevent abuse of EPA’s CAA “error correction” authority.20 EPA historically has used this to coerce states into adopting its favored policies on pain of imposition of a Federal Implementation Plan (FIP). l Limit EPA’s reliance on CAA § 30121 general rulemaking authority to ensure that it is not abused to issue regulations for which EPA lacks substantive authority elsewhere in the statute. l If possible, return the standard-setting role to Congress. Climate Change l Remove the Greenhouse Gas Reporting Program (GHGRP) for any source category that is not currently being regulated. The overall reporting program imposes significant burdens on small businesses and companies that are not being regulated. This is either a pointless burden or a sword-of- Damocles threat of future regulation, neither of which is appropriate. l Establish a system, with an appropriate deadline, to update the 2009 endangerment finding. l Establish a significant emissions rate (SER) for greenhouse gasses (GHGs). Regulating Hydrofluorocarbons (HFCs) Under the American Innovation and Manufacturing (AIM) Act22 l Repeal Biden Administration implementing regulations for the AIM Act that are unnecessarily stringent and costly. l Refrain from granting petitions from opportunistic manufacturers to add new restrictions that further skew the market toward costlier refrigerants and equipment. — 426 — Mandate for Leadership: The Conservative Promise l Conduct realistic cost assessments that reflect actual consumer experiences instead of the current unrealistic ones claiming that the program is virtually cost-free. Mobile Source Regulation by the Office of Transportation and Air Quality l Establish GHG car standards under Department of Transportation (DOT) leadership that properly consider cost, choice, safety, and national security. l Review the existing “ramp rate” for car standards to ensure that it is actually achievable. l Include life cycle emissions of electric vehicles and consider all of their environmental impacts. l Restore the position that California’s waiver applies only to California- specific issues like ground-level ozone, not global climate issues. l Ensure that other states can adopt California’s standards only for traditional/criteria pollutants, not greenhouse gases. l Stop the use of the International Civil Aviation Organization (ICAO) to increase standards on airplanes. l Reconsider the Cleaner Trucks Initiative to balance the goal of driving down emissions without creating significant costs or complex burdens on the industry. Air Permitting Reforms for New Source Review (Pre-Construction Per- mits) and Title V (Operating Permits) l Develop reforms to ensure that when a facility improves efficiency within its production process, new permitting requirements are not triggered. l Restore the Trump EPA position on Once-In, Always-In (that major sources can convert to area sources when affiliated emissions standards are met). l Revisit permitting and enforcement assumptions that sources will operate 24 hours a day, 365 days a year; this artificially inflates a source’s potential to emit (PTE), which can result in more stringent permit terms.

Environmental Protection Agency

Minimal

Vector: 63%

Pages: 458-460AI Enhanced

AI Analysis:

"The FIREARM Act focuses on firearm licensing compliance and enforcement procedures, while the Project 2025 policy excerpt addresses Environmental Protection Agency regulations, air quality standards, and climate change initiatives. There is no thematic or policy overlap between the two."

Trade

Minimal

Vector: 61%

Pages: 863-865AI Enhanced

AI Analysis:

"The FIREARM Act focuses on firearm licensing enforcement and compliance for firearms dealers, while the Project 2025 policy excerpt addresses financial regulatory reform, SEC oversight, and capital formation—there is no thematic or policy overlap between the two."

— 830 — Mandate for Leadership: The Conservative Promise l Three basic categories of firm: private firms, an intermediate category of smaller firms,4 and public firms; l Reasonable, scaled disclosure requirements; and l Specified secondary markets for the securities of these firms.5 The SEC needs to be reformed to achieve its important core functions more effectively, to improve transparency and due process, and to reduce unnecessary regulatory impediments to capital formation.6 Under current law, the SEC Chair- man has the authority to make almost all of the necessary changes.7 Unfortunately, financial regulators, particularly the SEC and the Financial Industry Regulatory Authority (FINRA), are poorly managed and organized. With regulatory authority delegated by the government, both the Public Company Accounting Oversight Board (PCAOB) and FINRA have proved to be ineffective, costly, opaque, and largely impervious to reform. To reduce costs and improve transparency, due process, congressional oversight, and responsiveness, PCAOB and FINRA should be abolished, and their regulatory functions should be merged into the SEC. Furthermore, Congress should establish an indepen- dent board or commission and charge it with producing a detailed report within 18 months that examines the degree to which the regulatory functions of the var- ious other so-called self-regulatory organizations (SROs), which are no longer self-regulatory in any meaningful sense, should be moved to the SEC.8 Discrimination based on immutable characteristics has no place in financial regulation. Offices at financial regulators that promote racist policies (usually in the name of “diversity, equity, and inclusion”) should be abolished, and regulations that require appointments on the basis of race, ethnicity, sex, or sexual orientation should be eliminated. Equal protection of the law, equal opportunity, and individ- ual merit should govern regulatory decisions.9 Congress has given the SEC broad “general exemptive authority,”10 but the SEC has used this authority only rarely. It should use this authority significantly more often to reduce the regulatory burden on issuers, particularly smaller entrepreneurs. ENTREPRENEURIAL CAPITAL FORMATION Financial regulators should remove regulatory impediments to entrepreneur- ial capital formation.11 In the absence of the fundamental reform outlined above, the SEC should: l Simplify and streamline Regulation A (the small issues exemption)12 and Regulation CF (crowdfunding)13 and preempt blue sky registration and quali- fication requirements for all primary and secondary Regulation A offerings.14 — 831 — Financial Regulatory Agencies l Either democratize access to private offerings by broadening the definition of accredited investor for purposes of Regulation D or eliminate the accredited investor restriction altogether.15 l Allow traditional self-certification of accredited investor status for all Regulation D Rule 506 offerings. l Exempt small micro-offerings from registration requirements.16 l Exempt small and intermittent finders from broker–dealer registration requirements and provide a simplified registration process for private placement brokers.17 l Exempt peer-to-peer lending from federal and state securities laws and reduce the regulatory burden on Regulation CF debt securities. l Make the Title I Emerging Growth Company (EGC) exemptions permanent for all EGCs. l Reduce the regulatory burden on small broker–dealers and exempt privately held, non-custodial broker–dealers from the requirements to use a PCAOB- registered firm for their audits. Congress should: l Amend the Internal Revenue Code to disregard crowdfunding and Regulation A shareholders for purposes of the 100-shareholder limit for Subchapter S corporations.18 BETTER CAPITAL MARKETS To improve capital markets, the SEC should: l Preempt blue sky registration, qualification, and continuing reporting requirements for securities traded on established securities markets (including a national securities exchange or an alternative trading system).19 l Terminate the Consolidated Audit Trail (CAT) program.20 l Abolish Rule 144 and other regulations that restrict securities resales and instead require a company that has sold securities to provide sufficient current informa- tion to the market to permit reasonable investment decisions and secondary sales.

Department of Education

Minimal

Vector: 60%

Pages: 389-391AI Enhanced

AI Analysis:

"The FIREARM Act focuses on firearms licensing enforcement and compliance for Federal Firearms Licensees, while the Project 2025 policy excerpt addresses Department of Education initiatives such as guidance documents, FERPA/PPRA transparency, accreditation standards, and DEI oversight. There is no substantive thematic or policy overlap between the two."

— 357 — Department of Education NEW EXECUTIVE ORDERS THAT THE PRESIDENT SHOULD ISSUE Guidance Documents l The President should immediately reinstate and reissue Executive Order 13891: Promoting the Rule of Law Through Improved Agency Guidance Documents, 84 Fed. Reg. 55235 (Oct. 9, 2019), and Executive Order 13892: Promoting the Rule of Law Through Transparency and Fairness in Civil Administrative Enforcement and Adjudication (Oct. 15, 2019). These executive orders required all federal agencies to treat guidance documents as non-binding in law and practice and also forbade federal agencies from imposing new standards of conduct on persons outside the executive branch through guid- ance documents. They required all federal agencies to apply regulations and statutes instead of guidance documents in any enforcement action. President Biden revoked these executive orders on January 20, 2021, demonstrating that these executive orders effectively restrained the abuses of an expansive administrative state. l Require APA notice and comment. The President should issue an executive order requiring the Office for Civil Rights’ Case Processing Manual to go through APA (Administrative Procedures Act) notice and comment. l Protect the First Amendment. The President should issue an executive order requiring grant applications (SF-424 series) to contain assurances that the applicant will uphold the First Amendment in funded programs and work. l Minimize bachelor’s degree requirements. The President should issue an executive order stating that a college degree shall not be required for any federal job unless the requirements of the job specifically demand it. l Eliminate the “list of shame.” Educational institutions can claim a religious exemption with the Office for Civil Rights at the Department of Education from the strictures of Title IX. In 2016, the Obama Administration published on the Department of Education’s website a list of colleges that had applied for the exemption. This “list of shame” of faith-based colleges, as it came to be known, has since been archived on ED’s website, still publicly available. The President should issue an executive order removing the archived list and preventing such a list from being published in the future. — 358 — Mandate for Leadership: The Conservative Promise NEW AGENCY POLICIES THAT DON’T REQUIRE NEW LEGISLATION OR REGULATIONS TO ENACT Transparency of FERPA and PPRA Complaints l The Department of Education should be transparent about complaints filed on behalf of families regarding the Family Educational Rights and Privacy Act (FERPA) and the Protection of Pupil Rights Amendment (PPRA). l At the same time, the Department of Education should develop a portal and resources for parents on their rights under FERPA and PPRA. This portal should also contain an explanation of the Health Insurance Portability and Accountability Act (HIPPA) and public school procedures to demonstrate that the law does not deprive parents of their right to access any school health records. The D.C. Opportunity Scholarship Program In 2011, Congress added new requirements to the D.C. Opportunity Scholarship Program stating that participating private schools must submit to site visits by the program administrator, inform prospective students about the school’s accreditation status, mandate that teachers of core subjects have bachelor’s degrees, and require participating students to take some form of nationally norm-referenced test. Notably, the 2011 reauthorization also required, for the first time, that participating private schools be accredited or be on a path to accreditation. The 2017 reauthorization went further, requiring that each participating school supply a certificate of accreditation to the administering entity upon program entry, demonstrating that the school is fully accredited before being allowed to participate. The list of approved accreditors is entirely too small to serve the mission of the diverse schools in the nation’s capital. l Although the accreditation regulations should be removed entirely by Congress, in the meantime, the next President should issue an executive order expanding the list of allowable accreditors. Transparency Around Program Performance and DEI Influence The next President should issue a series of executive orders requiring: l An accounting of how federal programs/grants spread DEI/CRT/ gender ideology, l A review of outcomes for GEAR UP and the 21st Century grants programs,

Financial Regulatory Agencies

Minimal

Vector: 60%

Pages: 872-874AI Enhanced

AI Analysis:

"The FIREARM Act deals with firearms licensing enforcement and correction opportunities for ATF-regulated licensees, whereas the Project 2025 section addresses financial regulatory agencies, specifically advocating for the abolition of the CFPB and reforms to consumer financial protection. These policies concern entirely different sectors and share no substantive objectives."

Key themes:regulatory oversightenforcement actionsagency accountability

— 839 — Financial Regulatory Agencies On February 27, 2023, the Supreme Court granted the petition for a writ of certiorari.51 The Court should issue its final decision by 2024. The CFPB is a highly politicized, damaging, and utterly unaccountable federal agency.52 It is unconstitutional. Congress should abolish the CFPB and reverse Dodd–Frank Section 1061, thus returning the consumer protection function of the CFPB to banking regulators53 and the Federal Trade Commission. Provided the Supreme Court affirms the Fifth Circuit holding in Community Financial Ser- vices Association of America, the next conservative President should order the immediate dissolution of the agency—pull down its prior rules, regulations and guidance, return its staff to their prior agencies and its building to the General Services Administration. Until this can be accomplished, however, Congress should: l Ensure that any civil penalty funds not used to recompense wronged consumers go to the Department of the Treasury. The funds should not be retained by the Bureau to be dispensed at the pleasure of the Director— potentially to political actors. Moreover, the CFPB should not have a financial incentive to impose penalties. l Repeal Dodd–Frank Section 1071. This section, which relates to small- business data collection, imposes requirements on financial institutions’ lending to small firms, raises costs, and limits small businesses’ access to capital.54 l Require that no CFPB funds are spent on enforcement actions that are not based on a rulemaking that complies with the Administrative Procedure Act.55 l Require that respondents in administrative actions be allowed to elect whether an adjudication occurs in an administrative law court or an ordinary Article III federal court.56 l Specify the nature of “deceptive, unfair, and abusive” practices to define the scope of the CFPB mission more precisely. — 840 — Mandate for Leadership: The Conservative Promise ENDNOTES 1. H.R. 5480, Securities Act of 1933, Public Law No. 73-22, 73rd Congress, May 27, 1933, https://govtrackus. s3.amazonaws.com/legislink/pdf/stat/48/STATUTE-48-Pg74.pdf (accessed February 20, 2023). 2. H.R. 9323, Securities Exchange Act of 1934, Public Law No. 73-291, 73rd Congress, June 6, 1934, https:// govtrackus.s3.amazonaws.com/legislink/pdf/stat/48/STATUTE-48-Pg881a.pdf (accessed February 20, 2023). 3. Mark T. Uyeda, Commissioner, U.S. Securities and Exchange Commission, “Remarks at the 2022 Cato Summit on Financial Regulation,” November 17, 2022, https://www.sec.gov/news/speech/uyeda-remarks- cato-summit-financial-regulation-111722 (accessed February 20, 2023); Hester M. Peirce, Commissioner, U.S. Securities and Exchange Commission, “It’s Not Just Scope 3: Remarks at the American Enterprise Institute,” December 7, 2022, https://www.sec.gov/news/speech/peirce-remarks-american-enterprise-institute-120722 (accessed February 20, 2023); comment letter from David R. Burton to Vanessa A. Countryman, Secretary, Securities and Exchange Commission, “Re: The Enhancement and Standardization of Climate-Related Disclosures for Investors [File No. S7-10-2; Release No. 33-11042; RIN 3235-AM87],” June 17, 2022, https://www. sec.gov/comments/s7-10-22/s71022-20131980-302443.pdf (accessed February 20, 2023). 4. Size would probably be measured best by public float or the number of beneficial owners. 5. See David R. Burton, “Securities Disclosure Reform,” Heritage Foundation Backgrounder No. 3178, February 13, 2017, https://www.heritage.org/sites/default/files/2017-02/BG3178.pdf; David R. Burton, “Offering and Disclosure Reform,” Chapter 11 in Reframing Financial Regulation: Enhancing Stability and Protecting Consumers, ed. Hester Peirce and Benjamin Klutsey (Arlington, VA: Mercatus Center at George Mason University, 2016), pp. 277–315, https://www.mercatus.org/research/books/reframing-financial-regulation (accessed February 20, 2023); Andrew N. Vollmer, “Investor-Friendly Securities Reform to Increase Economic Growth,” Securities Regulation & Law Report, Bloomberg BNA, Vol. 49, June 5, 2017. 6. See, for example, David R. Burton, “Reforming the Securities and Exchange Commission,” Heritage Foundation Backgrounder No. 3378, January 30, 2019, https://www.heritage.org/sites/default/files/2019-01/ BG3378.pdf; Andrew N. Vollmer, “Testimony on Workforce Management Disclosures and Other SEC Issues,” submitted to the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, Committee on Financial Services, U.S. House of Representatives, December 6, 2022, https://www.congress.gov/117/ meeting/house/115227/witnesses/HHRG-117-BA16-Wstate-VollmerA-20221208.pdf (accessed February 20, 2023); David R. Burton, “Reforming FINRA,” Heritage Foundation Backgrounder No. 3181, February 1, 2017, https://www.heritage.org/sites/default/files/2017-02/BG3181.pdf; Hester Peirce, “The Financial Industry Regulatory Authority: Not Self-Regulation After All,” Mercatus Center at George Mason University Working Paper, January 2015, https://www.mercatus.org/research/working-papers/financial-industry-regulatory- authority-not-self-regulation-after-all (accessed February 20, 2023); Thaya Brook Knight, “Transparency and Accountability at the SEC and at FINRA,” Chapter 11 in Prosperity Unleashed: Smarter Financial Regulation, ed. Norbert J. Michel, (Washington: The Heritage Foundation, 2017) https://www.heritage.org/sites/default/ files/2017-02/11_ProsperityUnleashed_Chapter11.pdf. 7. Reorganization Plan No. 10 of 1950, U.S. Code Title 5—Appendix, Reorganization Plans, http://uscode.house. gov/view.xhtml?req=granuleid:USC-prelim-title5a-node84-leaf114&num=0&edition=prelim (accessed February 20, 2023). 8. The board or commission should evaluate the regulatory functions of the National Securities Exchanges, Registered Securities Future Product Exchanges, Registered Clearing Agencies (such as the Depository Trust Company (DTC), the National Securities Clearing Corporation (NSCC) and the Options Clearing Corporation (OCC)), the Municipal Securities Rulemaking Board (MSRB) and the National Futures Association (NFA). This board or commission should have a broad composition and permit minority reports. 9. Boyden Gray & Associates, Comments Submitted on Behalf of Alliance for Fair Board Recruitment Concerning the Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change to Adopt Listing Rules Related to Board Diversity, Amendment No. 1, File No. SR-NASDAQ-2020-081, April 6, 2021 https://www.sec.gov/ comments/sr-nasdaq-2020-081/srnasdaq2020081-8639478-230941.pdf (accessed February 20, 2023); David R. Burton, “Nasdaq’s Proposed Board-Diversity Rule Is Immoral and Has No Basis in Economics,” Heritage Foundation Backgrounder No. 3591, March 9, 2021, https://www.heritage.org/sites/default/ files/2021-03/BG3591_0.pdf. The SEC is contemplating at least two rules that can be expected to require differential treatment based on race, sex, ethnicity, and so on. See Executive Office of the President, Office

Showing 3 of 5 policy matches

About These Correlations

Policy matches are calculated using a hybrid approach: initial candidates are found using semantic similarity between bill summaries and Project 2025 policy text, then an AI model (Llama 3.1 70B) provides detailed alignment ratings and analysis. Ratings range from 1 (minimal alignment) to 5 (very strong alignment). This analysis does not imply direct causation or intent.

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