Rep. Derek Schmidt

Maddy summaryHR 2777, the S-CAP Act of 2025, amends the Internal Revenue Code to increase the maximum number of shareholders allowed for a business to qualify as an S corporation from 100 to 250. This change directly affects small businesses that currently exceed the 100-shareholder limit, allowing them to maintain S-corporation tax status. The key provision modifies Section 1361(b)(1)(A) of the tax code, with the new limit applying to taxable years beginning after December 31, 2025. The bill makes no other changes to S-corporation rules and focuses solely on expanding the shareholder cap.

Maddy summaryThis bill requires the U.S. government to strengthen measures against hostage-taking by Iran and other adversaries. It mandates annual reports on $6 billion in Iranian funds transferred to Qatar (including certifications on humanitarian use), reviews of past hostage cases in Iran to identify individuals for sanctions, and restrictions on Iranian diplomats at the UN who face terrorism-related sanctions. The bill also directs the Secretary of State to evaluate whether U.S. passports should be invalid for travel to Iran due to detention risks, and requires a strategy to deter hostage-taking by U.S. adversaries. These provisions aim to hold accountable those involved in hostage-taking while protecting U.S. citizens.

Maddy summaryHR 1793, the Veterans Readiness and Employment Transparency Act of 2025, requires the Department of Veterans Affairs (VA) to improve access to vocational rehabilitation services for veterans with service-connected disabilities. The bill mandates a dedicated VA hotline, updated regional office websites with contact details, and requires VA counselors to hold monthly staff Q&A sessions and provide in-person briefings at local educational institutions (or virtual briefings for institutions over 150 miles away). It also requires the VA to submit an annual report detailing the number of veterans requesting, receiving, and being denied extensions to their rehabilitation program periods. These provisions directly affect veterans using VA vocational rehabilitation programs and VA regional office staff responsible for delivering those services.

Maddy summaryHR 1423, the Guard and Reserve GI Bill Parity Act of 2025, expands GI Bill benefits to National Guard members who serve on full-time National Guard duty or active duty under Title 32. It removes previous exclusions by counting this service toward eligibility for Post-9/11 educational benefits, just like active-duty service. The change applies retroactively to service performed since September 11, 2001, allowing affected veterans to access benefits they were previously denied. This policy adjustment directly affects National Guard members who completed qualifying full-time duty since 2001.

Nuclear Family Priority Act This bill imposes limits on various types of family-sponsored immigration visas. The non-U.S. national ( alien  under federal law) parents of U.S. citizens shall not qualify for visas for immediate relatives, which are not subject to any direct numerical limits. Currently, the spouses, unmarried children under 21, and parents of citizens are considered immediate relatives. The bill also creates a nonimmigrant visa for such parents of citizens. Such non-U.S. nationals shall not be eligible for employment or any public benefits. The bill also reduces the baseline annual cap for family-sponsored visas from 480,000 to 88,000, and revises the methods for calculating the cap. Currently, the 480,000 cap may be adjusted depending on various factors but shall not be less than 226,000. The bill eliminates preference allocations (visa categories subject to various annual caps) for various family-sponsored visas, including those for the siblings and married children of citizens. The bill provides for a preference allocation for the unmarried children under 21 and spouses of permanent residents, subject to the 88,000 annual cap.

Maddy summaryThe Affordable Housing Credit Improvement Act of 2025 would reform the Low-Income Housing Credit program, which provides tax credits to developers of affordable housing. It would increase state allocations based on population with annual cost-of-living adjustments, modify tenant eligibility rules to allow higher income limits for some residents, and add protections for domestic violence victims in housing. The bill would simplify rules for rural and Native American housing projects, clarify credit eligibility requirements, and require greater transparency in program administration. These changes would directly affect developers, property owners, and low-income tenants in housing projects that receive LIHC tax credits.

Maddy summaryThis bill amends immigration law to expand mandatory detention for non-citizen immigrants convicted of specific property crimes. It adds trespassing, vandalism, and arson to the list of offenses that trigger detention under Section 236(c) of the Immigration and Nationality Act, alongside burglary and serious bodily injury. Non-citizen immigrants convicted of these crimes would now face automatic detention without bond, rather than potentially being released pending removal proceedings. The key change modifies existing detention criteria to include these three property crimes as grounds for mandatory immigration detention.

Maddy summaryHR 2666, the CBO Scoring Accountability Act, requires the Congressional Budget Office (CBO) to annually analyze and publicly report on the actual costs and revenue impacts of major federal legislation for the first 10 years after it becomes law. It mandates that the CBO compare actual spending/revenue results against prior estimates, and if discrepancies exceed 10% for costs or revenue, the CBO must explain the causes in a report to Congress. This applies to bills projected to affect at least 0.25% of U.S. GDP in spending or revenue (defined as "major legislation"), and federal agencies must provide data to support these analyses. The bill aims to improve transparency around budget estimates without altering legislative processes.

Maddy summaryThis bill, HR 2102 (Major Richard Star Act), allows veterans with combat-related disabilities to receive both full military retired pay and veterans' disability compensation simultaneously, without the previous offset that reduced retired pay. It directly affects veterans already eligible for both benefits due to combat-related injuries, removing the requirement that their retired pay be reduced by the disability compensation amount. The key provision amends Title 10 and Title 38 to eliminate the offset rule (sections 5304 and 5305 of Title 38) for these veterans. The change applies to payments starting after the bill’s enactment date, effective for all qualifying veterans. This is a policy change to increase financial support for affected veterans, not a new benefit.

Maddy summaryThis bill increases loan limits for farmers under the Farm Service Agency. It raises farm ownership loan caps from $600,000/$1.75 million to $850,000/$3.5 million (for direct/guaranteed loans) and operating loan caps from $400,000/$1.75 million to $750,000/$3 million, effective 2025. It also creates a refinancing program allowing distressed guaranteed loans to convert to direct loans if borrowers prove problems can be fixed and the farm can return to financial stability. Additionally, it doubles the microloan limit from $50,000 to $100,000 and updates inflation calculations for loan adjustments using USDA land value data instead of previous metrics.