Friends, I hope you are doing well. As your Representative in Congress, it’s a priority to keep you informed of how we're serving you. If you would like to stay up to date, check out our website, and follow our Facebook, Twitter, and Instagram pages. Looking forward to seeing you in Georgia's 11th Congressional District or in Washington, D.C. soon. | Rep. Barry Loudermilk U.S. Congressman, Georgia's Eleventh District | This Saturday: Atlanta Passport Agency joins Atlanta Public Schools for Passport Application and Renewal Event | For more information click here | SAVE the Date for Georgia’s 11th Congressional District’s 5th Annual Skilled Trades Fair | SAVE the Date! Jobs in the Skilled Trades are in even higher demand as President Trump seeks to reindustrialize the U.S. and uplift the American worker. Many of these jobs come with great salaries and benefits. My Congressional office is hosting our 5th Annual Skilled Trades Fair in September, and we’re inviting every high school student and adult, with an interest in pursuing these fulfilling careers, to seize this incredible opportunity to network with Georgia’s top trade schools and businesses. READ MORE | Votes this Week: During National Police Week, Republicans Pass a Series of Bills in Support of Law Enforcement Rights, Safety, and Wellness. | - H.R. 2243 – LEOSA Reform Act (Sponsored by Rep. Bacon / Judiciary Committee) - H.R. 2255 – Federal Law Enforcement Officer Service Weapon Purchase Act of 2025 (Sponsored by Rep. Fry / Judiciary Committee) - H.R. 2240 – Improving Law Enforcement Officer Safety and Wellness Through Data Act (Sponsored by Rep. Moore (NC) / Judiciary Committee) - H. Res. 364 – Calling upon local communities to support organizations that provide resources and aid Gold Shield Families in their time of need (Sponsored by Rep. Meuser / Transportation and Infrastructure Committee) - H. Con. Res. 30 – Expressing support for local law enforcement officers (Sponsored by Rep. Ezell / Judiciary Committee) - H.R. 677 – Expedited Appeals Review Act, as amended (Sponsored by Rep. Hageman / Natural Resources Committee) | Rep. Loudermilk Introduces Legislation, Co-Sponsors Legislation, and Signs on to official Letters | Introduced: 1. H.R. 3354, the Primary Regulators of Insurance Vote Act - Co-Led by former California Insurance Commissioner John Garamendi (D-CA) - Would abolish the nonvoting seat for state insurance commissioners at the Financial Stability Oversight Council and replace it with a voting seat. - This is meant to give insurance regulators a greater say on national financial stability issues, and to weaken the role of the Federal Insurance Office which has operated as a quasi-federal regulatory entity without Congressional authorization to do so. 2. H.R. 3355, the Ensuring U.S. Authority over U.S. Bank Regulation Act. - This bill would require U.S. bank regulators to disclose the details of their activities when engaging with foreign NGOs, and to communicate with Congress when implementing recommendations that enact the recommendations of those foreign NGOs. - Last Congress this bill was a part of Rep. Loudermilk’s “American FIRST” Act, which aimed to put American interests first in Prudential Financial regulation. 3. H.R. 3402, a bill providing Duties of Certain Investment Advisors and Large Asset Managers - This bill is meant to be a component of a larger bill, which is why it has no short title. - This bill would require the largest asset managers, think Blackrock, State Street, or Vanguard, to disclose the percentage of shareholder proxy votes they cast in-line with the recommendations of large proxy advisory firms. - The largest of these asset managers would be required to provide further justification for how they vote the shares that they manage for investors to ensure that these votes aren’t against the financial interest of their shareholders. - This bill is a response to concerns that the proxy advisory duopoly of ISS and Glass-Lewis exercise undue influence over company management decisions by way of their recommendations to large asset managers on proxy votes. Over the last few years, the proxy firms have increasingly made recommendations related to non-material shareholder matters, such as environmental, social, and governance (ESG) policy. 4. H.R. 3380, the TAILOR Act - This bill would require federal financial regulators to tailor the scope of their regulations to fit the risk profiles of individual business models. - Currently, most regulatory tailoring is done by asset value. This has the unintended consequence of deterring banks from passing key milestones due to the new regulatory requirements that would kick in on the other side, slowing healthy growth. - Risk-based tailoring is much more customized approach, allowing banks to take healthy risks and truly innovate. Because the Financial Services industry can’t ‘innovate’ in the same way that a factory might innovate by inventing a new and faster machine or process, much of the innovation depends on adopting new business models. Co-Sponsored: H.R. 3437, the Insurance Data Protection Act. - This bill would remove the Federal Insurance Office’s subpoena authority. - FIO is a research arm of the Financial Stability Oversight Council. It is intended to advise the council on matters related to the insurance industry. It was never meant to be able to subpoena private businesses. - The National Association of Insurance Commissioners collects a great deal of data from the companies its member regulators supervise, and insurance has traditionally been regulated at the state level, yet in recent years FIO has proposed pulling data directly from the insurance companies using its subpoena authority. Letters Signed-on: 1. 1. A letter to new FHFA Director Bill Pulte, urging him to permanently end the agency’s plan to allow bi-merge credit reporting - To achieve minor cost savings for the consumer, the FHFA under the Biden Administration proposed requiring only two reports when a consumer applies for a federally backed mortgage. - While this would save consumers some, it would also increase risk to the GSEs (Fannie and Freddie) if significant credit data found on only one report is missed and might result in people qualifying for more credit than they can handle. The risk to the GSE balance sheets far outweighs the reduced costs. 2. A letter pertaining to Iranian nuclear disarmament, by Rep. August Pfluger . This letter urges President Trump to only consider a deal with Iran in which the regime is required to undergo nuclear disarmament. Click here to see the full letter | Fraud Alert Friday: White House highlights over $2B in savings from DEI cuts during Trump administration's first 100 days | “Fraud Alert Friday" highlights waste, fraud, and abuse occurring across the federal government. Alert: An analysis of the Trump administration's efforts to end diversity, equity and inclusion throughout the federal government during the president's first 100 days in office revealed that nearly 750 DEI employees have been placed on leave or fired for a savings of more than $2 billion. Read More DOGE Update: As of May 16, 2025, DOGE has saved American taxpayers $170 billion so far, breaking down to approximately $1,055.90 saved per taxpayer. To read more about the above alerts, click here, and see DOGE's recent social media post here. | Washington DC Office 2133 Rayburn House Office Building Washington, DC 20515 Phone: (202) 225-2931 | Woodstock Office 9898 Highway 92 Suite 100 Woodstock, GA 30188 Phone: (770) 429-1776 | Cartersville Office 135 West Cherokee Avenue Suite 122 Cartersville, GA 30120 Phone: (770) 429-1776 | |