Maddy summaryThis bill expands employee ownership in S corporations by extending tax deferral for selling company stock to employee ownership plans (ESOPs), creating a Treasury Department office to provide education and technical assistance for ESOPs, and amending small business rules to maintain eligibility for government programs after ESOP ownership exceeds 49%. It establishes a new Labor Department "Advocate for Employee Ownership" to coordinate federal efforts, educate stakeholders, and recommend policy improvements. The bill directly affects S corporations using ESOPs, their employees who become owners, and small businesses that might lose government program access due to ESOP acquisitions. Key provisions include tax incentive extensions, new support offices, and updated small business classification rules.
Sponsored bills
Maddy summaryThis bill directs the U.S. Treasury to mint commemorative coins marking the Marine Corps' 250th anniversary in 2025. It authorizes three coin types: $5 gold coins (max 50,000), $1 silver coins (max 400,000), and half-dollar coins (max 750,000), with surcharges of $35, $10, and $5 respectively. The surcharge proceeds will fund the Marine Corps Heritage Center's educational programs, with no net cost to taxpayers as the Treasury must recover all minting costs through the surcharges. The coins can only be issued during 2025, and the Treasury must ensure all costs are covered before distributing funds to the Heritage Foundation.
Maddy summaryHR 4769, the PFAS Alternatives Act, funds research and training to develop PFAS-free turnout gear for firefighters. It authorizes $25 million annually (2024-2028) for grants to eligible organizations to research, develop, and test next-generation gear without per- and polyfluoroalkyl substances (PFAS), which are linked to firefighter cancer risks. The bill requires partnerships with firefighting organizations to ensure research translates into practical training and gear care guidance, including decontamination protocols. It also allocates $2 million yearly for training programs on proper gear use and maintenance, aiming to reduce exposure to hazardous chemicals during fire operations.
Maddy summaryHR 4721, the Main Street Tax Certainty Act, makes a permanent the 20% tax deduction for eligible small business owners under Section 199A of the tax code. This provision directly affects pass-through business owners (like S-corps, partnerships, and sole proprietorships) who qualify for the deduction. The bill achieves this by removing the temporary expiration language (subsection (i)) from the existing tax code provision. The key change is ending the need for annual congressional extensions of this deduction, providing long-term tax certainty for small businesses.
Maddy summaryHR 4417, the "Ending Agricultural Trade Suppression Act," prevents state and local governments from imposing additional production standards on agricultural products sold across state lines if those standards aren't already required by federal law or the state where the product is grown. It directly affects agricultural producers, distributors, and businesses operating in interstate commerce by allowing them to sue states in federal court to challenge such regulations. The bill creates a private right of action for affected parties to seek court invalidation of the regulations and damages for economic losses, with provisions for preliminary injunctions to halt enforcement during litigation. This aims to reduce regulatory barriers that could hinder the movement of agricultural goods between states.
Maddy summaryThe Coast Guard Authorization Act of 2023 authorizes funding for Coast Guard operations, infrastructure, and vessel acquisitions for fiscal years 2024-2025, including $10.75 billion for operations in 2024. It establishes requirements for tsunami evacuation plans at Coast Guard facilities in high-risk tsunami zones and mandates a study on vessel traffic patterns and emergency response capabilities in the Bering Strait. The bill also includes provisions for modernizing Coast Guard information technology systems, constructing new training facilities at locations including Cape May, New Jersey, and updating merchant mariner credentialing requirements.
Maddy summaryHJRES 44 is a congressional resolution seeking to block a 2021 rule by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF). The rule classified firearms with stabilizing braces as "short-barreled rifles," which would have required additional licensing and regulation. This resolution uses a specific legal process (under Title 5, U.S. Code) to formally disapprove the ATF rule, meaning the rule would no longer be in effect. It directly affects firearm owners, manufacturers, and dealers who would have been subject to the rule’s requirements.
Maddy summaryThis bill renames the U.S. Food for Peace program after Peter O'Brien and makes key changes to how agricultural aid is delivered. It prohibits using cash, food vouchers, or foreign-sourced food for aid (section 2d), requires that at least 50% of annual funds be used for procuring U.S. agricultural commodities (section 2b(5)), and mandates annual reports to Congress on fund usage (section 2b(6)). These changes directly affect U.S. farmers supplying aid and international recipients of food assistance. The bill focuses on strengthening domestic agricultural exports within the Food for Peace program while adding transparency requirements.
Maddy summaryHJRES 45 is a congressional disapproval resolution targeting a specific Department of Education rule about federal student loans. It seeks to block the rule implementing "One-Time Federal Student Loan Debt Relief" (including modifications to Perkins, FFEL, and Direct Loan programs) by invoking the Congressional Review Act. If passed, this resolution would nullify the rule, preventing the Department of Education from using it to modify or waive student loan obligations. The bill directly affects borrowers who might have qualified for debt relief under the targeted rule.
Maddy summaryHRES 498 is a non-binding resolution recognizing June 28, 2023, as the 125th anniversary of the American Association of Colleges of Osteopathic Medicine (AACOM). It commends AACOM for its role in supporting 40 osteopathic medical colleges across 35 states, which educate over 35,000 future physicians and emphasize improving healthcare access in rural and underserved communities. The resolution highlights AACOM’s work in advancing osteopathic medical education and its focus on training physicians who prioritize preventive care and community health. As a commemorative resolution, it does not create new laws or policies but formally acknowledges AACOM’s contributions to U.S. healthcare.