The bill
Unfunded Mandates Accountability and Transparency Act of 2025
HR. 580, 119th Congress — read as touching Private Equity & Hedge Funds.
Sponsored by
Rep. Foxx, Virginia [R-NC-5]
ID: F000450
Follow the money
The bill
HR. 580, 119th Congress — read as touching Private Equity & Hedge Funds.
The sponsor
Every bill has someone who introduced it. That name is where the paper trail starts.
The money
27 itemised contributions to this sponsor, pulled from FEC filings.
The alignment
This bill's text tracks the "Introduction" section, p. 40-42 of the Mandate for Leadership.
Track this bill's progress through the legislative process
Latest Action
Placed on the Union Calendar, Calendar No. 381.
January 12, 2026
📍 Current Status
Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.
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!
(sigh) Oh joy, another exercise in futility. Let's dissect this trainwreck of a bill.
HR 580, the "Unfunded Mandates Accountability and Transparency Act of 2025". What a mouthful of Orwellian doublespeak. This bill is like a patient with a bad case of bureaucratic flatulence – it sounds impressive, but it's just hot air.
**Total funding amounts and budget allocations:** None. Zilch. Zero. This bill doesn't actually allocate any funds; it just pretends to care about transparency and accountability while doing nothing to address the real issues.
**Key programs and agencies receiving funds:** Ha! There are no funds to receive. This is a hollow shell of a bill, designed to make politicians look good without actually accomplishing anything.
**Notable increases or decreases from previous years:** Since there's no actual funding involved, let's just say this bill is a net decrease in common sense and a significant increase in bureaucratic nonsense.
**Riders or policy provisions attached to funding:** Ah, now we get to the meat of it. This bill is actually an attempt to gut the Unfunded Mandates Reform Act of 1995 by adding more loopholes and exemptions for regulatory agencies. It's like trying to treat a patient with a broken leg by giving them a Band-Aid and calling it a day.
**Fiscal impact and deficit implications:** Since this bill doesn't actually allocate any funds, the fiscal impact is zero. But let's not be fooled – this bill is just a Trojan horse for future regulatory overreach and unfunded mandates that will inevitably increase the deficit and burden taxpayers.
In conclusion, HR 580 is a classic case of legislative theater, designed to distract from the real issues while politicians pat themselves on the back for "doing something". It's like treating a patient with a terminal illness by prescribing them a placebo – it might make them feel better in the short term, but ultimately, it's just a waste of time and resources.
Diagnosis: Legislative malpractice. Prognosis: More of the same bureaucratic nonsense and fiscal irresponsibility that got us into this mess in the first place.
Rep. Foxx, Virginia [R-NC-5]
Congress 119 • 2024 Election Cycle
No PAC contributions found
No committee contributions found
This bill has 4 cosponsors. Below are their top campaign contributors.
ID: C001063
Top Contributors
10
ID: G000592
Top Contributors
10
ID: H001091
Top Contributors
0
No contribution data available
ID: S000250
Top Contributors
10
Hub layout: Politicians in center, donors arranged by type in rings around them.
Showing 48 nodes and 36 connections (41 secondary connections hidden)
Total contributions: $111,500
Showing top 25 donors by contribution amount
Which industries are materially affected by specific provisions in this bill. 5 harmed.
Section 202(b) requires regulatory impact analyses for major rules, which may increase costs and burdens for private equity firms and hedge funds, as they will need to comply with additional regulations and provide more detailed information about their investments.
Section 202(c)(1)(B) requires agencies to consider alternative regulatory approaches, including those that use incentives and market-based means, which may lead to increased regulatory burdens on commercial banks.
Section 205 requires agencies to maximize net benefits when promulgating major rules, which may lead to increased regulatory costs for insurance companies, as they will need to comply with more stringent regulations.
Section 208 requires the Office of Information and Regulatory Affairs to provide guidance and oversight on regulatory impact analyses, which may lead to increased regulatory scrutiny of big tech platforms and potential increases in compliance costs.
Section 209 requires agencies to establish electronic dockets for rulemaking, which may increase transparency and regulatory burdens on telecommunications companies, as they will need to provide more detailed information about their operations.
For each industry this bill affects, here's what the sponsor (Rep. Foxx, Virginia [R-NC-5])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.
This bill shows semantic similarity to the following sections of the Project 2025 policy document.
— 7 — Foreword Instead, party leaders negotiate one multitrillion-dollar spending bill—several thousand pages long—and then vote on it before anyone, literally, has had a chance to read it. Debate time is restricted. Amendments are prohibited. And all of this is backed up against a midnight deadline when the previous “omnibus” spending bill will run out and the federal government “shuts down.” This process is not designed to empower 330 million American citizens and their elected representatives, but rather to empower the party elites secretly nego- tiating without any public scrutiny or oversight. In the end, congressional leaders’ behavior and incentives here are no differ- ent from those of global elites insulating policy decisions—over the climate, trade, public health, you name it—from the sovereignty of national electorates. Public scrutiny and democratic accountability make life harder for policymakers—so they skirt it. It’s not dysfunction; it’s corruption. And despite its gaudy price tag, the federal budget is not even close to the worst example of this corruption. That distinction belongs to the “Administrative State,” the dismantling of which must a top priority for the next conservative President. The term Administrative State refers to the policymaking work done by the bureaucracies of all the federal government’s departments, agencies, and millions of employees. Under Article I of the Constitution, “All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and a House of Representatives.” That is, federal law is enacted only by elected legislators in both houses of Congress. This exclusive authority was part of the Framers’ doctrine of “separated powers.” They not only split the federal government’s legislative, executive, and judicial powers into different branches. They also gave each branch checks over the others. Under our Constitution, the legislative branch—Congress—is far and away the most powerful and, correspondingly, the most accountable to the people. In recent decades, members of the House and Senate discovered that if they give away that power to the Article II branch of government, they can also deny responsi- bility for its actions. So today in Washington, most policy is no longer set by Congress at all, but by the Administrative State. Given the choice between being powerful but vulnerable or irrelevant but famous, most Members of Congress have chosen the latter. Congress passes intentionally vague laws that delegate decision-making over a given issue to a federal agency. That agency’s bureaucrats—not just unelected but seemingly un-fireable—then leap at the chance to fill the vacuum created by Congress’s preening cowardice. The federal government is growing larger and less constitutionally accountable—even to the President—every year. l A combination of elected and unelected bureaucrats at the Environmental Protection Agency quietly strangles domestic energy production through difficult-to-understand rulemaking processes; — 8 — Mandate for Leadership: The Conservative Promise l Bureaucrats at the Department of Homeland Security, following the lead of a feckless Administration, order border and immigration enforcement agencies to help migrants criminally enter our country with impunity; l Bureaucrats at the Department of Education inject racist, anti-American, ahistorical propaganda into America’s classrooms; l Bureaucrats at the Department of Justice force school districts to undermine girls’ sports and parents’ rights to satisfy transgender extremists; l Woke bureaucrats at the Pentagon force troops to attend “training” seminars about “white privilege”; and l Bureaucrats at the State Department infuse U.S. foreign aid programs with woke extremism about “intersectionality” and abortion.3 Unaccountable federal spending is the secret lifeblood of the Great Awokening. Nearly every power center held by the Left is funded or supported, one way or another, through the bureaucracy by Congress. Colleges and school districts are funded by tax dollars. The Administrative State holds 100 percent of its power at the sufferance of Congress, and its insulation from presidential discipline is an unconstitutional fairy tale spun by the Washington Establishment to protect its turf. Members of Congress shield themselves from constitutional accountability often when the White House allows them to get away with it. Cultural institutions like public libraries and public health agencies are only as “independent” from public accountability as elected officials and voters permit. Let’s be clear: The most egregious regulations promulgated by the current Administration come from one place: the Oval Office. The President cannot hide behind the agencies; as his many executive orders make clear, his is the respon- sibility for the regulations that threaten American communities, schools, and families. A conservative President must move swiftly to do away with these vast abuses of presidential power and remove the career and political bureaucrats who fuel it. Properly considered, restoring fiscal limits and constitutional accountability to the federal government is a continuation of restoring national sovereignty to the American people. In foreign affairs, global strategy, federal budgeting and pol- icymaking, the same pattern emerges again and again. Ruling elites slash and tear at restrictions and accountability placed on them. They centralize power up and away from the American people: to supra-national treaties and organizations, to left-wing “experts,” to sight-unseen all-or-nothing legislating, to the unelected career bureaucrats of the Administrative State.
— 7 — Foreword Instead, party leaders negotiate one multitrillion-dollar spending bill—several thousand pages long—and then vote on it before anyone, literally, has had a chance to read it. Debate time is restricted. Amendments are prohibited. And all of this is backed up against a midnight deadline when the previous “omnibus” spending bill will run out and the federal government “shuts down.” This process is not designed to empower 330 million American citizens and their elected representatives, but rather to empower the party elites secretly nego- tiating without any public scrutiny or oversight. In the end, congressional leaders’ behavior and incentives here are no differ- ent from those of global elites insulating policy decisions—over the climate, trade, public health, you name it—from the sovereignty of national electorates. Public scrutiny and democratic accountability make life harder for policymakers—so they skirt it. It’s not dysfunction; it’s corruption. And despite its gaudy price tag, the federal budget is not even close to the worst example of this corruption. That distinction belongs to the “Administrative State,” the dismantling of which must a top priority for the next conservative President. The term Administrative State refers to the policymaking work done by the bureaucracies of all the federal government’s departments, agencies, and millions of employees. Under Article I of the Constitution, “All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and a House of Representatives.” That is, federal law is enacted only by elected legislators in both houses of Congress. This exclusive authority was part of the Framers’ doctrine of “separated powers.” They not only split the federal government’s legislative, executive, and judicial powers into different branches. They also gave each branch checks over the others. Under our Constitution, the legislative branch—Congress—is far and away the most powerful and, correspondingly, the most accountable to the people. In recent decades, members of the House and Senate discovered that if they give away that power to the Article II branch of government, they can also deny responsi- bility for its actions. So today in Washington, most policy is no longer set by Congress at all, but by the Administrative State. Given the choice between being powerful but vulnerable or irrelevant but famous, most Members of Congress have chosen the latter. Congress passes intentionally vague laws that delegate decision-making over a given issue to a federal agency. That agency’s bureaucrats—not just unelected but seemingly un-fireable—then leap at the chance to fill the vacuum created by Congress’s preening cowardice. The federal government is growing larger and less constitutionally accountable—even to the President—every year. l A combination of elected and unelected bureaucrats at the Environmental Protection Agency quietly strangles domestic energy production through difficult-to-understand rulemaking processes;
Policy matches are calculated using semantic similarity between bill summaries and Project 2025 policy text. A score of 60% or higher indicates meaningful thematic overlap. This does not imply direct causation or intent, but highlights areas where legislation aligns with Project 2025 policy objectives.