Fallen Servicemembers Religious Heritage Restoration Act

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Bill ID: 119/s/1318

Last Updated: July 22, 2026

Fallen Servicemembers Religious Heritage Restoration Act

S. 1318, 119th Congress — read as touching Crypto & Fintech.

The sponsor

Sen. Moran, Jerry [R-KS]

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

The money

$81,200 raised

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

The alignment

85% match to Project 2025

This bill's text tracks the "Federal Reserve" section, p. 773-775 of the Mandate for Leadership.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Motion to proceed to consideration of the House message to accompany S. 1318 rejected in Senate by Yea-Nay Vote. 47 - 52. Record Vote Number: 164.

June 4, 2026

Introduced

Committee Review

Floor Action

Passed Senate

House Review

📍 Current Status

Next: Both chambers must agree on the same version of the bill.

🎉

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 Fallen Servicemembers Religious Heritage Restoration Act, or rather the amended version presented as S 1318, is a bill that has been hijacked by more pressing concerns of surveillance and digital currency regulation. As a visionary entrepreneur and leader in the tech industry, I'll cut through the noise and focus on what truly matters: the implications for my business empire and the future of innovation.

**Main Purpose & Objectives:** The original intent of the bill seems to have been lost in the amendment process. The new version, titled the Foreign Intelligence Accountability Act and the Anti-CBDC Surveillance State Act, aims to impose stricter oversight on foreign intelligence queries and prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). My think tank, the "Liberty and Innovation Institute," has been advocating for similar measures to protect individual freedoms and promote a more laissez-faire approach to financial regulation.

**Key Provisions & Changes to Existing Law:** The bill introduces several key provisions, including:

1. Monthly civil liberties reviews of FBI queries, which could lead to increased bureaucratic hurdles and potential delays in critical national security operations. 2. Criminal penalties for unauthorized disclosure or other actions related to foreign intelligence queries, which may have a chilling effect on whistleblowers and investigative journalism. 3. Prohibitions on the Federal Reserve's involvement in CBDCs, which aligns with my own interests in promoting decentralized, blockchain-based financial systems.

**Affected Parties & Stakeholders:** The primary stakeholders affected by this bill include:

1. The intelligence community, which may face increased scrutiny and oversight. 2. Financial institutions and investors, who may need to adapt to new regulations and restrictions on CBDCs. 3. My own business ventures, which could benefit from a more permissive regulatory environment for decentralized finance (DeFi) and cryptocurrency.

**Potential Impact & Implications:** The potential impact of this bill is significant, with far-reaching implications for the future of surveillance, financial regulation, and innovation. If passed, it could:

1. Lead to increased costs and inefficiencies in the intelligence community, potentially compromising national security. 2. Stifle innovation in the financial sector, as CBDCs may offer improved efficiency and security compared to traditional payment systems. 3. Create new opportunities for decentralized finance and cryptocurrency, which could disrupt traditional banking and financial institutions.

In conclusion, this bill presents a mixed bag of opportunities and challenges for my business empire. While it may impose unnecessary restrictions on the intelligence community and financial sector, it also creates potential openings for innovation and disruption in the DeFi space. As a visionary leader, I will continue to monitor developments and advocate for policies that promote freedom, innovation, and the pursuit of profit.

Generated using Llama 3.1 70B (billionaire personality)

As I taught you in 8th grade civics class, the process of how a bill becomes a law is quite straightforward - or at least it's supposed to be. Remember when we learned about the importance of committees and checks and balances? It seems like some of those lessons have been forgotten.

Let's take a look at S. 1318, the Fallen Servicemembers Religious Heritage Restoration Act. Or should I say, what was originally intended to be that bill. As you may recall from our discussions on the legislative process, bills often undergo significant changes as they make their way through Congress. And this one is no exception.

The main purpose of S. 1318 has shifted dramatically. Instead of focusing on identifying American-Jewish servicemembers buried in overseas military cemeteries under incorrect markers, the bill now aims to address foreign intelligence accountability and anti-CBDC surveillance state concerns. As we covered in class, this is an example of how a bill's original intent can get lost in the process.

The key provisions of S. 1318 include amendments to the Foreign Intelligence Surveillance Act of 1978, which introduce new requirements for civil liberties reviews of FBI queries and impose criminal penalties for violating prohibitions on certain queries. The bill also establishes new procedures for targeting United States persons under the Foreign Intelligence Surveillance Act and requires government accountability office audits of targeting procedures.

As we discussed in class, these changes will affect various parties and stakeholders, including the Federal Bureau of Investigation, the Office of the Director of National Intelligence, and the Inspector General of the Intelligence Community. The potential impact and implications of S. 1318 are significant, as they could lead to increased oversight and accountability within the intelligence community.

However, it's worth noting that the actual implementation of these provisions may not live up to their intended purpose. As we've seen time and time again, the system doesn't always work as smoothly as we'd like it to. But that's a topic for another discussion - one that I hope you would have been familiar with if you had paid closer attention in class.

In any case, S. 1318 is a prime example of how the legislative process can be complex and unpredictable. As your civics teacher, it's my job to help you understand these complexities, even if it means rehashing material that should be old news by now. So, let's take a closer look at the bill's provisions and see if we can't learn something new - or perhaps relearn something that was forgotten along the way.

Generated using Llama 3.1 70B (civics_teacher personality)

The plot thickens! Let me break down this so-called "Fallen Servicemembers Religious Heritage Restoration Act" for you, folks. It's a wolf in sheep's clothing, if you ask me.

**Main Purpose & Objectives:** On the surface, this bill appears to be about identifying and correcting the religious markers of American-Jewish servicemembers buried overseas. But don't be fooled! The real purpose is to sneak in amendments to the Foreign Intelligence Surveillance Act (FISA) of 1978, which will give the government even more power to spy on its citizens.

**Key Provisions & Changes to Existing Law:** The bill introduces two new titles: the "Foreign Intelligence Accountability Act" and the "Anti-CBDC Surveillance State Act". The first title amends FISA to require monthly civil liberties reviews of FBI queries, which sounds good, but I'm not buying it. It's just a smokescreen for more surveillance. The second title prohibits Federal reserve banks from issuing central bank digital currencies (CBDCs), which could be a Trojan horse for a cashless society and total government control.

**Affected Parties & Stakeholders:** This bill affects everyone, folks! If you're an American citizen, you're a stakeholder. The FBI, the Intelligence Community, and the Federal Reserve are all involved, which means they'll have even more power to monitor and control our lives.

**Potential Impact & Implications:** Mark my words, this bill will lead to a surveillance state like we've never seen before. The government will have carte blanche to spy on us, and we'll be none the wiser. The CBDC provision is just the beginning of a cashless society, where every transaction will be tracked and controlled by the government. It's a slippery slope, folks! We need to wake up and smell the coffee before it's too late.

Now, I know what you're thinking: "But Uncle, this bill seems reasonable." Ah, don't be naive! The government always hides its true intentions in plain sight. This bill is just another example of how they're slowly eroding our civil liberties and freedoms. Stay vigilant, folks!

Generated using Llama 3.1 70B (conspiracy_uncle personality)

(Outraged tone) Oh, folks, gather 'round! We've got a real doozy of a bill on our hands here - S 1318, the Fallen Servicemembers Religious Heritage Restoration Act... or should I say, the "Foreign Intelligence Accountability Act" and the "Anti-CBDC Surveillance State Act"? (wink) Yeah, because that's exactly what it says on the tin. (smirk)

**Main Purpose & Objectives:** This bill is all about protecting our freedom from those pesky elites who want to spy on us! (dramatic music plays in the background) It aims to reform the Foreign Intelligence Surveillance Act of 1978, because, you know, the deep state is always trying to undermine our civil liberties. The main objective is to ensure that the FBI doesn't abuse its power and start snooping around on innocent Americans. (gasp) Can you imagine?

**Key Provisions & Changes to Existing Law:** The bill introduces a few key changes:

1. Monthly civil liberties reviews: Because who doesn't love a good review? The FBI will have to provide written statements about each United States person query submitted under section 702 of the Foreign Intelligence Surveillance Act. 2. Civil Liberties Protection Officer: A new position created to review these queries and refer any potential abuses to the Inspector General of the Intelligence Community. 3. Criminal penalties for unauthorized disclosure: Because we need to keep those rogue agents in check! (wagging finger) 4. Prohibitions on central bank digital currency: Ah, yes, because the elites want to control our money too! (conspiratorial whisper) This bill says no to CBDCs and any attempts by the Federal Reserve to issue them.

**Affected Parties & Stakeholders:** Well, it's not just about you and me, folks. The affected parties include:

1. The FBI: They'll have to start playing by the rules... or at least, that's what we're told. 2. The Intelligence Community: They'll be under scrutiny, because, you know, transparency is key! 3. Federal Reserve banks: No CBDCs for them! (smirk) 4. American citizens: We're the real winners here, folks! Our freedom and civil liberties are being protected... or so we're led to believe.

**Potential Impact & Implications:** This bill could have far-reaching implications:

1. Increased oversight of intelligence agencies: Because who doesn't love a good watchdog? 2. Protection of civil liberties: Or at least, that's what the bill claims. 3. Limitations on government surveillance: We'll see about that... (wink) 4. Potential impact on national security: But don't worry, folks, our freedom is worth it! (patriotic music plays)

In conclusion, this bill is a masterclass in... well, let's just say "creative" legislation. (smirk) It's

Generated using Llama 3.1 70B (fox_host personality)

Another masterpiece of legislative theater, brought to you by the same geniuses who think they can fool us with their cleverly crafted bill titles and amendments. Let's dissect this monstrosity, shall we?

**Main Purpose & Objectives:** The Fallen Servicemembers Religious Heritage Restoration Act? Please, don't make me laugh. This bill has about as much to do with restoring religious heritage as I have to do with being a compassionate and empathetic human being (i.e., nothing). The real purpose of this bill is to sneak in some "reforms" to the Foreign Intelligence Surveillance Act of 1978, because who needs transparency or accountability when it comes to government surveillance, right?

**Key Provisions & Changes to Existing Law:** Oh boy, where do I even start? This bill is a Frankenstein's monster of amendments and changes to existing law. It's like they took every bad idea from the past decade, threw them into a blender, and hit puree. We've got new "civil liberties reviews" that will surely be as effective as a Band-Aid on a bullet wound. And because who doesn't love a good game of bureaucratic musical chairs, we've got new roles and responsibilities for the Civil Liberties Protection Officer and the Inspector General of the Intelligence Community. Yay, more red tape!

**Affected Parties & Stakeholders:** Ah, the usual suspects: the FBI, the Intelligence Community, and of course, the American people (who will be blissfully unaware of the surveillance state's continued expansion). But let's not forget the real stakeholders here: the politicians who get to grandstand about "reform" while actually doing nothing to address the underlying issues.

**Potential Impact & Implications:** Well, if this bill passes, we can expect more of the same: erosion of civil liberties, increased surveillance, and a further entrenchment of the national security state. But hey, at least we'll have some nice new titles and amendments to impress our friends at cocktail parties. The real impact will be felt by those who actually care about privacy and transparency – i.e., not the politicians or their corporate sponsors.

In conclusion, this bill is a masterclass in legislative obfuscation, a testament to the boundless creativity of politicians when it comes to hiding their true intentions behind a veil of bureaucratic jargon. So, let's give it up for S. 1318: the ultimate example of how to take a bad idea, make it worse, and then sell it to the public as "reform." Bravo, Congress. Bravo.

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

**Summary of S. 1318: Fallen Servicemembers Religious Heritage Restoration Act**

Despite its title, the bill has undergone significant amendments and now appears to focus on foreign intelligence accountability and anti-CBDC (Central Bank Digital Currency) surveillance state measures.

**1. Main Purpose & Objectives:** The primary objective of the amended bill is to enhance civil liberties protections and oversight within the Foreign Intelligence Surveillance Act (FISA) framework, while also prohibiting the Federal Reserve from issuing or facilitating central bank digital currencies.

**2. Key Provisions & Changes to Existing Law:** Key provisions include: * Monthly civil liberties reviews by the FBI for United States person queries under FISA * Establishment of a Civil Liberties Protection Officer within the Office of the Director of National Intelligence to review and investigate potential abuses * Criminal penalties for unauthorized disclosure or other actions related to FISA queries * Prohibitions on Federal Reserve banks relating to central bank digital currencies

**3. Affected Parties & Stakeholders:** Affected parties include: * The Federal Bureau of Investigation (FBI) * The Office of the Director of National Intelligence * The Civil Liberties Protection Officer * The Inspector General of the Intelligence Community * The Federal Reserve and its banks * Individuals subject to FISA queries or surveillance

**4. Potential Impact & Implications:** The bill's provisions may lead to: * Enhanced oversight and accountability within the intelligence community, potentially reducing civil liberties abuses * Increased transparency and scrutiny of FISA queries and surveillance activities * Limitations on the development and implementation of central bank digital currencies in the United States * Potential impacts on national security, financial stability, and individual privacy rights

Overall, the amended bill aims to strike a balance between national security concerns and civil liberties protections, while also addressing emerging issues related to central bank digital currencies.

Generated using Llama 3.1 70B (neutral personality)

Let's dive into this gnarly bill, bro! The Fallen Servicemembers Religious Heritage Restoration Act, aka S 1318, is actually a pretty chill name for a bill that's got some intense stuff goin' on beneath the surface.

**Main Purpose & Objectives:** The main objective of this bill is to bring some accountability and transparency to the Foreign Intelligence Surveillance Act (FISA) of 1978, dude. It's like, the government's gotta make sure they're not oversteppin' their bounds when it comes to spyin' on US citizens, you know? The bill's got two main titles: the Foreign Intelligence Accountability Act and the Anti-CBDC Surveillance State Act.

**Key Provisions & Changes to Existing Law:** The Foreign Intelligence Accountability Act is all about addin' some checks and balances to the FBI's queries under FISA. They're talkin' about monthly civil liberties reviews, bro, where the FBI's gotta provide written statements on each US person query they submit. The Civil Liberties Protection Officer will review these statements to make sure they're not violatin' anyone's rights or privacy, man. If they find any issues, they'll refer it to the Inspector General of the Intelligence Community for further investigation.

The Anti-CBDC Surveillance State Act is all about preventin' the Federal Reserve from creatin' a central bank digital currency (CBDC) that could be used for surveillance purposes, dude. It's like, the government doesn't wanna give 'em too much power to spy on us, you know?

**Affected Parties & Stakeholders:** The main parties affected by this bill are US citizens, bro – especially those who might be subject to FISA queries. The FBI, the Office of the Director of National Intelligence, and the Inspector General of the Intelligence Community are also gonna be impacted, as they'll have to implement these new procedures and reviews.

**Potential Impact & Implications:** The potential impact of this bill is huge, dude. If passed, it could bring some much-needed accountability to the government's surveillance activities and help protect US citizens' civil liberties. It's like, we don't wanna live in a surveillance state, bro – we want our freedom and privacy respected.

On the other hand, if this bill doesn't pass, it could mean that the government will continue to have too much power to spy on us without adequate oversight, man. That's a pretty scary thought, dude.

Anyway, that's S 1318 in a nutshell, bro – a bill that's all about bringin' some balance and accountability to the government's surveillance activities. Let's hope it passes and helps keep our civil liberties safe, man!

Generated using Llama 3.1 70B (surfer personality)

The Fallen Servicemembers Religious Heritage Restoration Act, S 1318, has undergone a significant transformation through an amendment in the House of Representatives. The original bill aimed to direct the American Battle Monuments Commission to identify and correct incorrect religious markers on the graves of Jewish servicemembers buried overseas. However, the amended version, now titled the Foreign Intelligence Accountability Act and the Anti-CBDC Surveillance State Act, has a vastly different focus.

**Main Purpose & Objectives:** The primary objective of the amended bill is to enhance accountability and oversight within the foreign intelligence community, particularly with regards to the Federal Bureau of Investigation's (FBI) queries under the Foreign Intelligence Surveillance Act (FISA). The bill also aims to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC).

**Key Provisions & Changes to Existing Law:** The bill introduces several key provisions, including:

1. Monthly civil liberties reviews by the FBI, which must be submitted to the Civil Liberties Protection Officer within the Office of the Director of National Intelligence. 2. The establishment of a new process for referring potential abuses of civil liberties and privacy to the Inspector General of the Intelligence Community. 3. Amendments to the National Security Act of 1947, which expand the responsibilities of the Civil Liberties Protection Officer and the Inspector General. 4. Prohibitions on the Federal Reserve's ability to issue a CBDC or provide related products and services.

**Affected Parties & Stakeholders:** The amended bill affects various parties, including:

1. The FBI and other intelligence agencies, which must comply with new oversight and accountability measures. 2. The Federal Reserve, which is prohibited from issuing a CBDC. 3. The Civil Liberties Protection Officer and the Inspector General of the Intelligence Community, who will play critical roles in reviewing and investigating potential abuses of civil liberties and privacy. 4. Individuals and organizations subject to FISA queries, who may benefit from enhanced protections and oversight.

**Potential Impact & Implications:** The amended bill has significant implications for the balance between national security and individual privacy. The new provisions may:

1. Enhance accountability and transparency within the intelligence community. 2. Provide stronger protections for civil liberties and privacy. 3. Limit the Federal Reserve's ability to issue a CBDC, which could impact the development of digital currencies. 4. Influence the ongoing debate about surveillance and national security, potentially leading to further reforms or pushback from affected agencies.

Notably, the amended bill has received support from various libertarian and conservative groups, who view it as a necessary step towards reining in government overreach and protecting individual rights. However, some critics argue that the bill may compromise national security or create unnecessary bureaucratic hurdles. As the bill moves forward, it is likely to face intense scrutiny and debate, with various interest groups and stakeholders weighing in on its potential impact.

Generated using Llama 3.1 70B (whistleblower personality)

💰 Campaign Finance Network

Sen. Moran, Jerry [R-KS]

Congress 119 • 2024 Election Cycle

Total Contributions

$81,200

17 donors

PACs

Organizations

Committees

Individuals

$81,200

No PAC contributions found

No organization contributions found

No committee contributions found

BORCK, LEON H.

1 transaction

$6,600

MANDELBLATT, DANIELLE

1 transaction

$6,600

MANDELBLATT, ERIC

1 transaction

$6,600

BORCK, JACKIE

2 transactions

$6,600

DWYER, JOHN W

2 transactions

$6,600

DWYER, NANCY E

2 transactions

$6,600

CATZ, SAFRA

1 transaction

$5,000

MISSION INDIANS, MORONGO BAND OF

1 transaction

$5,000

WILLIS, THOMAS M

1 transaction

$5,000

WEILERT, STANLEY R

1 transaction

$3,500

THOMAS, ROBERT

1 transaction

$3,300

LEPRINO, TERRY L

1 transaction

$3,300

POTAWATOMI NATION, PRAIRIE BAND

1 transaction

$3,300

BUKOWSKY, BROCK

1 transaction

$3,300

OF CREEK INDIANS, POARCH BAND

1 transaction

$3,300

BRIGHT, JOHN

1 transaction

$3,300

HEMMER, THOMAS

1 transaction

$3,300

Cosponsors & Their Campaign Finance

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

Sen. Rosen, Jacky [D-NV]

ID: R000608

Top Contributors

PUYALLUP TRIBE OF INDIANS

OrganizationTACOMA, WA

$3,700

Jul 31, 2024

SEMINOLE TRIBE OF FLORIDA

OrganizationHOLLYWOOD, FL

$3,300

Sep 30, 2023

POARCH BAND OF CREEK INDIANS

OrganizationATMORE, AL

$3,300

Sep 30, 2023

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$3,300

Dec 28, 2023

FEDERATED INDIANS OF GRATON RANCHERIA

OrganizationROHNERT PARK, CA

$3,300

Mar 10, 2023

FEDERATED INDIANS OF GRATON RANCHERIA

OrganizationROHNERT PARK, CA

$3,300

Mar 10, 2023

SYUCAN BAND OF THE KUMEYAAY NATION

OrganizationEL CAJON, CA

$3,300

Mar 31, 2023

POARCH BAND OF CREEK INDIANS

OrganizationATMORE, AL

$3,300

Mar 28, 2024

SEMINOLE TRIBE OF FLORIDA

OrganizationHOLLYWOOD, FL

$3,300

Sep 30, 2024

MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS

OrganizationSHELBYVILLE, MI

$3,300

Oct 21, 2024

Sen. Blumenthal, Richard [D-CT]

ID: B001277

Top Contributors

OLSON, LYNDON

NOT EMPLOYED • NOT EMPLOYED

IndividualWACO, TX

$3,300

Dec 20, 2024

ALIX, JAY

ALIX PARTNERS • FOUNDER

IndividualBIRMINGHAM, MI

$3,300

Oct 2, 2023

KIM, CHRISTINE M.

BBB LLC • ATTORNEY

IndividualNEW YORK, NY

$3,300

Oct 31, 2023

ALIX, JAY

ALIX PARTNERS • FOUNDER

IndividualBIRMINGHAM, MI

$3,300

Apr 15, 2024

ROURE, RITA

PAGNY - LINCOLN HOSPITAL • PHYSICIAN

IndividualGREENWICH, CT

$3,300

Apr 10, 2024

ROURE, RITA

PAGNY - LINCOLN HOSPITAL • PHYSICIAN

IndividualGREENWICH, CT

$3,300

Apr 10, 2024

CHAVEZ, TOM

KRUX INC. • CEO

IndividualSAN FRANCISCO, CA

$3,300

Jul 13, 2024

CHAVEZ, TOM

KRUX INC. • CEO

IndividualSAN FRANCISCO, CA

$3,300

Jul 13, 2024

JONES, JERRY C.

LIVERAMP INC. • EXECUTIVE

IndividualLITTLE ROCK, AR

$3,300

Sep 19, 2024

NESSEL, ARIEL

NESSEL DEVELOPMENT • OWNER

IndividualROSS, CA

$3,300

Jul 12, 2024

Sen. Cornyn, John [R-TX]

ID: C001056

Top Contributors

WINRED

COMARLINGTON, VA

$47

Jul 10, 2024

WEEKLEY, RICHARD W

WEEKLEY PROPERTIES • REAL ESTATE BROKER/DEVELOPER

IndividualHOUSTON, TX

$100,000

Dec 27, 2023

MCINGVALE, JAMES F

GALLERY FURNITURE • OWNER/OPERATOR

IndividualHOUSTON, TX

$50,000

Feb 27, 2023

MCINGVALE, LINDA

IndividualHOUSTON, TX

$50,000

Feb 27, 2023

DUNN, TIMOTHY

CROWN QUEST OPERATING • EXECUTIVE

IndividualMIDLAND, TX

$45,000

Apr 4, 2023

MARTIN, KIMBERLY R

IndividualHOUSTON, TX

$20,000

Mar 13, 2023

BLAINE, JAY C.

N/A • N/A

IndividualROCKWALL, TX

$16,478

Oct 11, 2024

THOMPSON, JERE W. MR. JR.

AMBIT ENERGY • CEO

IndividualDALLAS, TX

$13,200

Mar 15, 2023

MIDDLETON, MAYES

MIDDLETON OIL CO • OIL AND GAS

IndividualGALVESTON, TX

$12,500

Jan 7, 2023

MIDDLETON, MACEY

IndividualGALVESTON, TX

$12,500

Jan 7, 2023

Sen. Slotkin, Elissa [D-MI]

ID: S001208

Top Contributors

MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS

OrganizationSHELBYVILLE, MI

$3,300

Oct 31, 2024

SAULT STE. MARIE TRIBE OF CHIPPEWA INDIANS

OrganizationSAULT SAINTE MARIE, MI

$3,300

Oct 31, 2024

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$3,300

Dec 31, 2023

THE CHICKASAW NATION

OrganizationADA, OK

$3,300

Mar 21, 2024

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

OrganizationPRIOR LAKE, MN

$3,300

Jun 30, 2024

THE CHICKASAW NATION

OrganizationADA, OK

$3,300

Jun 10, 2024

MASHANTUCKET PEQUOT TRIBAL NATION

OrganizationMASHANTUCKET, CT

$3,300

Sep 29, 2023

MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS

OrganizationSHELBYVILLE, MI

$3,300

Sep 29, 2023

SEMINOLE TRIBE OF FLORIDA

OrganizationHOLLYWOOD, FL

$3,300

Sep 29, 2023

HABEMATOLEL POMO OF UPPER LAKE

OrganizationUPPER LAKE, CA

$3,300

Sep 27, 2024

Sen. Schiff, Adam B. [D-CA]

ID: S001150

Top Contributors

KOI NATION OF NORTHERN CA

OrganizationSANTA ROSA, CA

$3,300

Feb 29, 2024

PECHANGA BAND OF INDIANS

OrganizationTEMECULA, CA

$3,300

Feb 26, 2024

KOI NATION OF NORTHERN CA

OrganizationSANTA ROSA, CA

$3,300

Feb 29, 2024

THE CHICKASAW NATION

OrganizationADA, OK

$3,300

Mar 1, 2024

THE CHICKASAW NATION

OrganizationADA, OK

$3,300

Mar 1, 2024

SANTA YNEZ BAND OF MISSION INDIANS

OrganizationSANTA YNEZ, CA

$3,300

Sep 6, 2023

AGUA CALIENTE BAND OF CAHUILLA INDIANS GENERAL FUND

OrganizationPALM SPRINGS, CA

$3,300

Aug 9, 2023

THE CHICKASAW NATION

OrganizationADA, OK

$3,300

Sep 27, 2023

AGUA CALIENTE BAND OF CAHUILLA INDIANS GENERAL FUND

OrganizationPALM SPRINGS, CA

$3,300

Aug 9, 2023

SANTA YNEZ BAND OF MISSION INDIANS

OrganizationSANTA YNEZ, CA

$3,300

Jul 21, 2023

Sen. Tillis, Thomas [R-NC]

ID: T000476

Top Contributors

SASTRY, ASHWANI

SUNRISE VASCULAR • PHYSICIAN

IndividualORLANDO, FL

$3,400

Dec 12, 2024

AGARWAL, SAJJAN K

GREENHAWK CORPORATION • CEO

IndividualCARY, NC

$3,300

Dec 11, 2024

ALLYN, JILL

BRIGHTHOUSE FINANCIAL • INVESTMENTS

IndividualESTERO, FL

$3,300

Oct 17, 2024

BARATTA, JOSEPH PATRICK

BLACKSTONE • FINANCE EXECUTIVE

IndividualNEW YORK, NY

$3,300

Dec 18, 2024

BARATTA, JOSEPH PATRICK

BLACKSTONE • FINANCE EXECUTIVE

IndividualNEW YORK, NY

$3,300

Dec 18, 2024

BIELEN, RICHARD J

PROTECTIVE LIFE CORPORATION • PRESIDENT & CEO

IndividualMOUNTAIN BRK, AL

$3,300

Oct 29, 2024

BLITZER, DAVID S

BLACKSTONE • CHAIRMAN

IndividualNEW YORK, NY

$3,300

Dec 12, 2024

BLITZER, DAVID S

BLACKSTONE • CHAIRMAN

IndividualNEW YORK, NY

$3,300

Dec 12, 2024

BRAND, MARTIN

BLACKSTONE • FINANCE

IndividualNEW YORK, NY

$3,300

Dec 20, 2024

CAMERON, WILLIAM H

CAMERON MANAGMENT • PRESIDENT

IndividualWILMINGTON, NC

$3,300

Oct 28, 2024

Sen. Boozman, John [R-AR]

ID: B001236

Top Contributors

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$3,300

Oct 3, 2024

SHAKOPEE MDEKEWAKANTON COMMUNITY

OrganizationPRIOR LAKE, MN

$3,300

Nov 7, 2023

SHAKOPEE MDEKEWAKANTON COMMUNITY

OrganizationPRIOR LAKE, MN

$3,300

Jun 27, 2024

BJERKE, TYLER

HERITAGE INSURANCE SERVICES • SALES

IndividualFARGO, ND

$5,000

Mar 22, 2023

LEPRINO, TERRY

LEPRINO FARMS • BOARD DIRECTOR

IndividualDENVER, CO

$3,300

Dec 6, 2024

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POWELL, JESSE

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STEPHENS, WARREN MR.

STEPHENS INC • PRESIDENT

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Sen. Collins, Susan M. [R-ME]

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SILBEY, ALEXANDER

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READ, KURT

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CROTTY, THOMAS

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COATES, CHRIS

RETIRED • RETIRED

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CROTTY, THOMAS

RETIRED • RETIRED

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YOUNGMAN, ANDREW

CITIZENS DISABILITY LLC • CEO

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Sen. Cruz, Ted [R-TX]

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WINRED

PACARLINGTON, VA

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WINRED

PACARLINGTON, VA

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FASKEN MANAGEMENT

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PARTNERS HOTEL GROUP LLC

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PJB INVESTMENT ADVISORS LLC

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Sen. Warnock, Raphael G. [D-GA]

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JME GROUP

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GIBSON, DAVID H.

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ROBBINS, BONNIE

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ROBBINS, BONNIE

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Donor Network - Sen. Moran, Jerry [R-KS]

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17 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 3 harmed.

−Crypto & Fintechconfidence 0.90
Title II (Anti-CBDC Surveillance State Act) prohibits Federal Reserve banks from offering, issuing, or testing central bank digital currencies (CBDCs) or similar digital assets, directly or indirectly, and bars the Fed from using CBDCs for monetary policy. This directly harms the crypto & fintech industry by blocking a potential regulatory pathway for CBDCs that could have intersected with or influenced stablecoins, digital payment platforms, and blockchain-based financial services.
−Big Tech Platformsconfidence 0.85
Title II prohibits the Federal Reserve from developing, testing, or implementing a central bank digital currency or using it for monetary policy. While not directly regulating big tech, this limits the potential for a government-backed digital payment system that could have competed with or regulated private digital wallets and payment systems offered by big tech firms (e.g., Apple Pay, Google Wallet), thus representing a regulatory constraint on their financial services expansion.
−Telecommunicationsconfidence 0.70
Title I expands civil liberties oversight and accountability for FBI queries under FISA Section 702, including monthly reviews, attorney approval requirements, and GAO audits. While not directly regulating telecoms, these provisions increase compliance burdens on entities that assist in surveillance (including telecom providers subject to FISA directives), potentially limiting their cooperation or increasing legal risk, thus imposing indirect costs.

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.

Federal Reserve

Strong

Vector: 67%

Pages: 773-775AI Enhanced

AI Analysis:

"The bill directly prohibits the Federal Reserve from issuing or facilitating a central bank digital currency (CBDC), which aligns with Project 2025's explicit objective to prevent CBDC implementation due to surveillance and control concerns. While the bill includes additional FISA oversight provisions not mentioned in the Project 2025 excerpt, the CBDC prohibition represents a significant and direct policy overlap."

Key themes:central bank digital currencyFederal Reserve oversightfinancial surveillance preventionmonetary policy restrictions

— 741 — Federal Reserve l Appoint a commission to explore the mission of the Federal Reserve, alternatives to the Federal Reserve system, and the nation’s financial regulatory apparatus. l Prevent the institution of a central bank digital currency (CBDC). A CBDC would provide unprecedented surveillance and potential control of financial transactions without providing added benefits available through existing technologies.34 AUTHOR’S NOTE: The preparation of this chapter was a collective enterprise of individuals involved in the 2025 Presidential Transition Project. All contributors to this chapter are listed at the front of this volume, but Alexander Salter, Judy Shelton, and Peter St Onge, deserve special mention. The chapter reflects input from all the contributors, however, no views expressed herein should be attributed to any specific individual. — 742 — Mandate for Leadership: The Conservative Promise ENDNOTES 1. U.S. Constitution, Article 1, Section 8, https://www.law.cornell.edu/constitution (accessed January 23, 2023). 2. For example, Alexander Salter and Daniel Smith (2019) show that Federal Reserve Chairs become more favorable toward monetary discretion once they are confirmed compared to previous stances. Alexander William Salter and Daniel J. Smith, “Political Economists or Political Economists? The Role of Political Environments in the Formation of Fed Policy Under Burns, Greenspan, and Bernanke,” Quarterly Review of Economics and Finance, Vol. 71 (February 2019), pp. 1–13. 3. Sarah Binder, “The Federal Reserve as a ‘Political’ Institution,” American Academy of Arts and Sciences Bulletin, Vol. LXIX, No. 3 (Spring 2016), pp. 47–49, https://www.amacad.org/sites/default/files/bulletin/ downloads/bulletin_Spring2016.pdf (accessed January 23, 2023). See also Charles L. Weise, “Political Pressures on Monetary Policy During the US Great Inflation,” American Economic Journal: Macroeconomics, Vol. 4, No. 2 (April 2012), pp. 33–64, https://www.haverford.edu/sites/default/files/Department/Economics/ Weise_Political_Pressures_on%20Monetary_Policy.pdf (accessed January 23, 2023). 4. The Federal Reserve’s financial stability mandate is poorly defined. The Fed has taken advantage of the statutory vagueness and proceeded as if it has the authority to engage in these activities, although it is highly questionable whether this is permissible. 5. 12 U.S.C. § 225a, https://www.law.cornell.edu/uscode/text/12/225a (accessed January 23, 2023). 6. See Peter J. Boettke, Alexander William Salter, and Daniel J. Smith, Money and the Rule of Law: Generality and Predictability in Monetary Institutions (Cambridge, UK: Cambridge University Press, 2021). 7. George Selgin, William D. Lastrapes, and Lawrence H. White, “Has the Fed Been a Failure?” Journal of Macroeconomics, Vol. 34, No. 3 (September 2012), pp. 569–596, https://www.sciencedirect.com/science/ article/abs/pii/S0164070412000304 (accessed January 24, 2023). 8. This includes federal programs that automatically provide for adjustments as the economy contracts (for example, unemployment insurance or the Supplemental Nutrition Assistance Program). 9. Mark Segal, “Fed to Launch Climate Risk Resilience Tests with Big Banks,” ESG Today, September 30, 2022, https://www.esgtoday.com/fed-to-launch-climate-risk-resilience-tests-with-big-banks/ (accessed January 23, 2023). 10. Kenneth J. Robinson, “Savings and Loan Crisis 1980–1989,” Federal Reserve Bank of St. Louis, Federal Reserve History, November 22, 2013, https://www.federalreservehistory.org/essays/savings-and-loan-crisis (accessed January 23, 2023). 11. Russell Roberts, “Gambling with Other People’s Money: How Perverted Incentives Caused the Financial Crisis,” Mercatus Center at George Mason University, May 2010, https://www.mercatus.org/system/files/RUSS-final. pdf (accessed January 24, 2023). 12. Board of Governors of the Federal Reserve System, Credit and Liquidity Programs Balance Sheet Data Series, 2007–2022, https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm (accessed January 24, 2023). 13. Board of Governors of the Federal Reserve System, U.S. Treasury Securities Data Series (TREAST), 2004–2022, https://fred.stlouisfed.org/series/TREAST (accessed January 24, 2023). 14. Board of Governors of the Federal Reserve System, Mortgage-Backed Securities Data Series (WSHOMCB), 2004–2022, https://fred.stlouisfed.org/series/WSHOMCB (accessed January 24, 2023). 15. Board of Governors of the Federal Reserve System, Total Assets (Less Eliminations from Consolidation) Data Series (WALCL), 2004–2022, https://fred.stlouisfed.org/series/WALCL (accessed January 24, 2023). 16. Federal Reserve Bank of St. Louis, “S&P Dow Jones Indices LLC, S&P/Case–Shiller U.S. National Home Price Index (CSUSHPINSA),” https://fred.stlouisfed.org/series/CSUSHPINSA (accessed January 24, 2023). The Case–Shiller Home Price Index tracks home prices given a constant level of quality. See S&P Dow Jones Indices, “Real Estate: S&P CoreLogic Case–Shiller Home Price Indices,” https://www.spglobal.com/spdji/en/index-family/indicators/sp- corelogic-case-shiller/sp-corelogic-case-shiller-composite/#overview (accessed January 24, 2023). 17. Federal Reserve Bank of St. Louis, “Real Residential Property Prices for United States (QUSR628BIS),” https:// fred.stlouisfed.org/series/QUSR368BIS (accessed January 24, 2023). 18. Longterm Trends, “Home Price to Income Ratio (US & UK): Home Price to Median Household Income Ratio (US),” https://www.longtermtrends.net/home-price-median-annual-income-ratio/ (accessed January 24, 2023).

Intelligence Community

Strong

Vector: 64%

Pages: 248-250AI Enhanced

AI Analysis:

"The bill directly enacts several reforms sought by Project 2025 for the Intelligence Community, including enhanced FISA oversight, civil liberties protections, and accountability mechanisms to prevent abuses and politicization of intelligence authorities."

Key themes:FISA reformcivil liberties oversightaccountabilitypreventing politicizationintelligence community integrity

Intelligence Community

Strong

Vector: 64%

Pages: 248-250AI Enhanced

AI Analysis:

"The bill aligns closely with Project 2025's focus on FISA reform, civil liberties protections, and preventing politicization of intelligence, particularly through enhanced oversight, accountability measures, and prohibitions on politically motivated surveillance."

Key themes:FISA reformcivil liberties oversightintelligence accountabilityprohibition of politicized intelligence use

— 215 — Intelligence Community Hill who attempt to weaponize the use of selective intelligence to feed political narratives. l Political leaders should avoid “manipulation-by-appointment,” a practice by which intelligence leaders are selected for their policy views or political loyalties instead of their skilled expertise.24 Presidents should also avoid public rebukes and pressure from the intelligence profession, which can include intimidation and bullying, to shape IC analysis. This will be easier if IC leaders live by the norms of neutrality and thus are not seen as political actors, for whom political responses are deemed necessary. l Intelligence leaders and professionals should never “cook the books” for Presidents or change or shape their analysis to preserve access or status.25 FOREIGN INTELLIGENCE SURVEILLANCE ACT (FISA) A future President should understand the importance of FISA26 while also seek- ing reforms and accountability for any abuses of its authorities. When discussing FISA and what changes may need to be made, it is important to note and recognize that there are stark differences among the individual FISA authorities. Section 702 of FISA, for example, allows the IC to target foreign terrorists, spies, cyber hackers, and other bad actors (but only if they are non-U.S. persons) when their communications pass through the United States. While this authority may lapse if Congress does not resolve the issue by the end of 2023, Section 702 should be understood as an essential tool in the fight against terrorism, malicious cyber actors, and Chinese espionage. These are two major national security priorities for an incoming President, and it is imperative that the need to use properly main- tained and accountable authorities to counter these challenges be recognized. Section 702 is a vital program that often provides the lion’s share of intelligence used in the President’s Daily Brief (PDB).27 An independent review by the Privacy and Civil Liberties Oversight Board (PCLOB) found that it was not abused. Nev- ertheless, Congress should review the PCLOB’s upcoming 2023 report to help it determine whether any reforms or codification of recent administrative changes in FISA processes are needed. Other authorities in Title I and Title III, often referred to as “traditional” FISA, have elicited valid concerns about the politicization of intelligence collection authority in recent years. When seeking surveillance of Trump campaign adviser Carter Page, for example, the FBI and the Department of Justice concealed vital information from a specialized court and submitted applications that were riddled with errors. An incoming conservative President should consider reforms designed to prevent future partisan abuses of national security authority. A package of strong provisions to protect against such partisanship might include: — 216 — Mandate for Leadership: The Conservative Promise l Stiffer penalties and mandatory investigations when intelligence leaks are aimed at domestic political targets, l Tighter controls on otherwise lawful intercepts that also collect the communications of domestic political figures, l An express prohibition on politically motivated use of intelligence authorities, and l Reforms to improve the accountability of the Justice Department and the Foreign Intelligence Surveillance Court. To keep intelligence credentials from being used for partisan purposes, former high-ranking intelligence officials who retain a clearance should remain subject to the Hatch Act after they leave government to deter them from tying their political stands or activism to their continuing privilege of access to classified government information. The IC should be prohibited from monitoring so-called domestic disinformation. Such activity can easily slip into suppression of an opposition party’s speech, is corrosive of First Amendment protections, and raises questions about impartiality when the IC chooses not to act. CHINA-FOCUSED CHANGES, REFORMS, AND RESOURCES The term “whole of government” is all too frequently overused, but in responding to the generational threat posed by the Chinese Communist Party, that is exactly the approach that our national security apparatus should adopt. CIA Director William Burns has formally established a China Mission Center focused on these efforts, but it can be successful only if it is given the necessary personnel, cross-community collaboration, and resources. That is uncertain at this point, and just how seriously the organization is taking the staffing of the center is unclear. A critical strategic question for an incoming Administration and IC lead- ers will be: How, when, and with whom do we share our classified intelligence? Understanding when to pass things to liaisons and for what purpose will be vital to outmaneuvering China in the intelligence sphere. Questions for a President will include: l What is our overarching conception of the adversarial relationship and competition? l How does intelligence-sharing fit into that conception?

Financial Regulatory Agencies

Strong

Vector: 62%

Pages: 875-878AI Enhanced

AI Analysis:

"The bill's prohibition on the Federal Reserve issuing or facilitating a central bank digital currency directly aligns with Project 2025's objective to limit Federal Reserve expansion and oppose CBDC initiatives, reflecting a shared financial regulatory reform stance."

Key themes:Central Bank Digital Currency oppositionFederal Reserve authority limitsFinancial regulatory reform

— 842 — Mandate for Leadership: The Conservative Promise 19. Burton, “Improving Entrepreneurs’ Access to Capital: Vital for Economic Growth”; Campbell, “The Case for Federal Pre-Emption of State Blue Sky Laws.” 20. David R. Burton, “Why the SEC’s Consolidated Audit Trail Is a Bad Idea,” Heritage Foundation Commentary, December 5, 2019, https://www.heritage.org/monetary-policy/commentary/why-the-secs-consolidated- audit-trail-bad-idea; Hester M. Peirce, Commissioner, U.S. Securities and Exchange Commission, “Statement on the Order Granting Temporary Conditional Exemptive Relief from Certain Requirements of the National Market System Plan Governing the Consolidated Audit Trail,” July 8, 2022, https://www.sec.gov/news/ statement/peirce-statement-consolidated-audit-trail-070822 (accessed February 20, 2023). 21. Peirce, “It’s Not Just Scope 3: Remarks at the American Enterprise Institute”; Uyeda, “Remarks at the 2022 Cato Summit on Financial Regulation.” 22. David R. Burton, “How Dodd–Frank Mandated Disclosures Harm, Rather than Protect, Investors,” Heritage Foundation Issue Brief No. 4526, March 10, 2016, http://thf-reports.s3.amazonaws.com/2016/IB4526.pdf. 23. For a detailed discussion of SEC administration, see Burton, “Reforming the Securities and Exchange Commission.” 24. See, for example, Andrew N. Vollmer, “Accusers as Adjudicators in Agency Enforcement Proceedings,” University of Michigan Journal of Law Reform, Vol. 52, No. 1 (Fall 2018), pp. 103–155, https://repository.law. umich.edu/cgi/viewcontent.cgi?article=1602&context=mjlr (accessed February 20, 2023). 25. 7 U.S.C. § 1a(9), https://www.law.cornell.edu/uscode/text/7/1a (accessed February 20, 2023). 26. Or the CFTC can undertake a rulemaking. 27. 7 U.S.C. § 2(i), https://www.law.cornell.edu/uscode/text/7/2 (accessed February 20, 2023). 28. 7 U.S.C. § 7b–3, https://www.law.cornell.edu/uscode/text/7/7b-3 (accessed February 20, 2923). 29. Commodity Futures Trading Commission, “Cross-Border Application of the Registration Thresholds and Certain Requirements Applicable to Swap Dealers and Major Swap Participants,” Final Rule, Federal Register, Vol. 85, No. 178 (September 14, 2020), pp. 56924–57016, https://www.govinfo.gov/content/pkg/FR-2020-09- 14/pdf/2020-16489.pdf (accessed February 21, 2023). 30. Commodity Futures Trading Commission, “Interpretive Guidance and Policy Statement Regarding Compliance with Certain Swap Regulations,” Federal Register, Vol. 78, No. 144 (July 26, 2013), pp. 45292–45374, https:// www.cftc.gov/sites/default/files/idc/groups/public/@lrfederalregister/documents/file/2013-17958a.pdf (accessed February 21, 2023). 31. Commodity Futures Trading Commission, “Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants—Cross-Border Application of the Margin Requirements,” Final Rule, Federal Register, Vol. 81, No. 104 (May 31, 2016), pp. 34818–34854, https://www.govinfo.gov/content/pkg/FR-2016-05-31/ pdf/2016-12612.pdf (accessed February 21, 2023). 32. H.R. 4173, Dodd–Frank Wall Street Reform and Consumer Protection Act, Public Law 111–203, 111th Congress, July 21, 2010, Title X, https://www.congress.gov/111/plaws/publ203/PLAW-111publ203.pdf (accessed March 23, 2023). See also Consumer Financial Protection Bureau, “About Us,” https://www.consumerfinance.gov/about- us/ (accessed March 23, 2023). 33. See, for example, Paul Sperry, “Trump Is Finally Fixing This Economy-Killing Agency,” New York Post, December 2, 2017, https://nypost.com/2017/12/02/trump-is-finally-fixing-this-economy-killing-agency/ (accessed March 23, 2023). See also Jeb Hensarling “How We’ll Stop a Rogue Federal Agency,” The Wall Street Journal, February 8, 2017, https://www.wsj.com/articles/how-well-stop-a-rogue-federal- agency-1486597413 (accessed March 23, 2023), and H.R. 3389, CFPB Slush Fund Elimination Act of 2013, 113th Congress, introduced October 30, 2013, https://www.congress.gov/113/bills/hr3389/BILLS-113hr3389ih.pdf (accessed March 23, 2023). 34. Editorial, “CFPB Joins Justice in Shaking Down Banks for Democrat Activist Groups,” Investor’s Business Daily, June 17, 2015, https://www.investors.com/politics/editorials/cfpb-diverts-civil-penalty-funds-to-democrat- activist-groups/ (accessed March 23, 2023). 35. Table, “Budget by Program,” in Consumer Financial Protection Bureau, Annual Performance Plan and Report, and Budget Overview, February 2023, p. 15, https://files.consumerfinance.gov/f/documents/cfpb_ performance-plan-and-report_fy23.pdf (accessed March 23, 2023). 36. Table, “FTE by Program,” in ibid., p. 16. — 843 — Financial Regulatory Agencies 37. Table 7, “Civil Penalty Fund Significant Activity,” in Consumer Financial Protection Bureau, Financial Report of the Consumer Financial Protection Bureau, Fiscal Year 2022, November 15, 2022, p. 21, https://files. consumerfinance.gov/f/documents/cfpb_financial-report_fy2022.pdf (accessed March 23, 2023). 38. Ibid. 39. Consumer Financial Protection Bureau, Financial Report of the Consumer Financial Protection Bureau, Fiscal Year 2022, p. 20. 40. 12 U.S. Code § 5491, https://www.law.cornell.edu/uscode/text/12/5491 (accessed March 23, 2023). 41. Consumer Financial Protection Bureau, “Bureau Structure,” last updated March 15, 2023, https://www. consumerfinance.gov/about-us/the-bureau/bureau-structure/ (accessed March 23, 2023). 42. See Consumer Financial Protection Bureau, “Consumer Financial Civil Penalty Fund Rule,” https://www. consumerfinance.gov/rules-policy/final-rules/consumer-financial-civil-penalty-fund-rule/ (accessed March 23, 2023). 43. Consumer Financial Protection Bureau, “Civil Penalty Fund: Consumer Education and Financial Literacy,” https://www.consumerfinance.gov/enforcement/payments-harmed-consumers/civil-penalty-fund/consumer- education-financial-literacy/ (accessed March 23, 2023). 44. U.S. Government Accountability Office, Consumer Financial Protection Bureau: Opportunity Exists to Improve Transparency of Civil Penalty Fund Activities, GAO-14-551, June 2014, https://www.gao.gov/assets/gao-14-551. pdf (accessed March 23, 2023). 45. Seila Law LLC v. Consumer Financial Protection Bureau, 591 U.S. ___ (2020), https://www.supremecourt.gov/ opinions/19pdf/19-7_n6io.pdf (accessed March 23, 2023). 46. Ibid., p. 37. 47. See 12 U.S. Code § 5497(a)(1), https://www.law.cornell.edu/uscode/text/12/5497 (accessed March 23, 2023). Congress specified that the amount transferred to the CFPB “shall not exceed” 12 percent “of the total operating expenses of the Federal Reserve System…in fiscal year 2013, and in each year thereafter.” Ibid., § 5497(2)(A)(iii). 48. Community Financial Services Association of America v. Consumer Financial Protection Bureau (5th Cir. 2022), pp. 31–32, https://www.ca5.uscourts.gov/opinions/pub/21/21-50826-CV0.pdf (accessed March 23, 2023). 49. Ibid., p. 32. 50. Ibid. (quoting Seila Law LLC v. CFPB, 140 S. Ct. 2183, 2202 n. 8 (2020)). 51. U.S. Supreme Court, “Order List: 598 U.S.,” February 27, 2023, Docket No. 22–448, CFPB et al. v. Com. Fin. Services Assn., et al., https://www.supremecourt.gov/orders/courtorders/022723zor_6537.pdf (accessed March 23, 2023). 52. Devin Watkins, Competitive Enterprise Institute, “Consumer Financial Protection Bureau: Ripe for Reform,” testimony before the Subcommittee on Financial Institutions and Monetary Policy, Committee on Financial Services, U.S. House of Representatives, March 9, 2023, https://docs.house.gov/meetings/BA/ BA20/20230309/115384/HHRG-118-BA20-Wstate-WatkinsD-20230309.pdf (accessed March 23, 2023); Norbert J. Michel, “7 Steps Next Director Can Take to Make the Consumer Financial Protection Bureau Less Awful,” Heritage Foundation Commentary, July 28, 2018, https://www.heritage.org/markets-and-finance/ commentary/7-steps-next-director-can-take-make-the-consumer-financial. 53. The Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation, Federal Reserve, and National Credit Union Administration. Those functions performed by the Office of Thrift Supervision (OTS) prior to Dodd–Frank should be transferred to the OCC since OTS has merged with OCC. 54. See “Section 1071 of the Dodd–Frank Act” in David R. Burton, “Improving Small Business Access to Capital,” Consumer Financial Protection Bureau Symposium on Section 1071 of the Dodd–Frank Act, Small Business Lending Panel, November 6, 2019, https://files.consumerfinance.gov/f/documents/cfpb_burton-written- statement_symposium-section-1071.pdf (accessed March 23, 2023). 55. 5 U.S. Code Chapter 5, https://www.law.cornell.edu/uscode/text/5/part-I/chapter-5 (accessed March 23, 2023). 56. Consumer Financial Protection Bureau, “Administrative Adjudication Proceedings,” https://www. consumerfinance.gov/administrative-adjudication-proceedings/ (accessed March 23, 2023), and 12 Code of Federal Regulations Part 1081—Rules of Practice for Adjudication Proceedings, https://www.law.cornell.edu/ cfr/text/12/part-1081 (accessed March 23, 2023).

Department of Homeland Security

Weak

Vector: 62%

Pages: 189-191AI Enhanced

AI Analysis:

"The bill focuses on FISA oversight and prohibiting central bank digital currencies, while the Project 2025 excerpt deals with reorganizing the U.S. Secret Service's protective and investigative missions. Both touch on financial crime oversight and law enforcement accountability, but their primary objectives and mechanisms are largely unrelated."

Key themes:financial crimes oversightlaw enforcement reformaccountability mechanisms

— 157 — Department of Homeland Security to such returnees. These two steps could be foundational for any improvements in the recruiting process. U.S. SECRET SERVICE (USSS) Needed Reforms The U.S. Secret Service must be the world’s best protective agency. Currently, the agency is distracted by its dual mission of protection and financial investigations. The result has been a long series of high-profile embarrassments and security fail- ures, perhaps most notably its allowing of then-Vice President-elect Kamala Harris to be inside the Democratic National Committee office on January 6, 2021, while a pipe bomb was outside. Despite the great size and scope of the January 6 inves- tigation, this high-profile incident of danger to a protectee remains unresolved. The failures of the USSS protective mission are too numerous to list here. A December 2015 bipartisan report from the House Oversight Committee listed dozens of such incidents as well as needed recommendations for reform.14 This chapter adopts those findings and recommendations in whole, especially the finding that USSS’s dual-mission structure detracts from the agency’s protective capabilities. At the time of that report, USSS agents spent only one-third of their work hours on protection-related activities as opposed to investigative activities. USSS was established initially to investigate counterfeit currency, but its mission has evolved over the decades to prioritize electronic financial crimes. For example, as this chap- ter was being written, all 15 of the USSS’s most wanted individuals were wanted for financial crimes, many of them international in nature. Notably, the last head of the agency left not for a protection-related job, but to be the Chief Security Officer of social media company SnapChat. This is a pattern that has developed over the years, with agents seeking to burnish their online financial crimes credentials to secure corporate security jobs. Coupled with some of the lowest morale in the federal government, the agency has completely lost sight of the primacy of its protective mission. New Policies USSS should transfer to the Department of Justice and Department of the Treasury all investigations that are not related to its protective function. It should begin the logistical operation of closing all field offices throughout the country and internationally to the extent they are not taken over by Treasury or Justice. USSS agents stationed outside of Washington, D.C., should be transferred to work in Immigration and Customs Enforcement field offices where they would continue to be the “boots on the ground” to follow up on threat reports throughout the country and liaise with local law enforcement for visits by protectees. — 158 — Mandate for Leadership: The Conservative Promise The only investigations not related to USSS’s protective function that agents should pursue would be directed by HSI and relate to tracking the financial crimes associated with illegal immigration. This should include tracing remittances, any funds that are used to pay coyotes or the cartels, and payments by businesses to illegal aliens and all other crimes associated with illegal immigration. USSS should keep visitor logs for all facilities where the President works or resides. The Biden Administration has evaded such transparency with President Biden spending a historic amount of time for a President at his Delaware residence. This has left the American people in the dark as to who is influencing the highest levels of their own government. Budget The suggested reforms would result in a significant USSS budget reduction, primarily because the agency would relinquish dozens of physical offices through- out the U.S. and internationally. Some amount of savings should be used to fix the personnel problems and for recruitment initiatives aimed at individuals who are inclined to join a protection-focused agency. Personnel As documented extensively in the above-referenced 2015 bipartisan congressio- nal report, low morale and high turnover are key drivers of USSS problems. With their mission focused on protection, agents would no longer spend the bulk of their time developing unrelated skillsets. Instead, USSS agents could hone their protection skills and pursue a protection career path in the agency rather than quickly leaving USSS for high-paying corporate security jobs. The Uniform Division (UD) of USSS requires a significant staffing increase. As documented in the bipartisan report, understaffing results in unpredictable and long hours, which in turn result in high turnover, which only compounds the problem. Another key issue is that UD officers lack the ability to enforce criminal laws outside the immediate vicinity of the White House. As the District of Columbia is a federal jurisdiction and currently is beholden to the trend of progressive pro- crime policies, UD officers should enforce all applicable laws. The result would be to allow UD officers to gain more law enforcement experience—an attractive credential that would improve morale. TRANSPORTATION SECURITY ADMINISTRATION (TSA) The TSA model is costly and unwisely makes TSA both the regulator and the regulated organization responsible for screening operations. As part of an effort to shrink federal bureaucracies and bring private-sector know-how to govern- ment programs, TSA is ripe for reform. The U.S. should look to the Canadian and

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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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