Rep. Darin LaHood

Maddy summaryHR 5722 requires the U.S. Army Corps of Engineers to update flood protection design standards for Upper Mississippi River levees and floodwalls every 20 years using the latest flood risk data, safety factors, and FEMA guidelines. It mandates public input during each update stage, including for base elevation and hydrological assumptions. The bill allows local sponsors (like cities or counties managing levees) to maintain existing flood protection levels without changing risk transfer to the federal government, and specifies that repairs must align with updated standards. This applies to federally authorized projects between Hamburg, Illinois, and Guttenberg, Iowa, covering rural, urban, and industrial areas protected to specific flood risk levels (2%, 1%, or 0.2% probability).

Maddy summaryThis bill amends the Internal Revenue Code to change how certain insurance companies account for debt instruments (like notes or bonds). It excludes these debts from being treated as "capital assets" for tax purposes, meaning gains or losses from selling them won't be taxed as capital gains. It applies only to specific insurance companies, excluding those with certain tax elections (like Section 831(b) companies) or foreign entities. The change affects tax calculations for these insurers but does not create new family-focused policies, despite the bill's misleading title. The amendment applies to dispositions after enactment, with transition rules for existing losses.

Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2023 This bill excludes from gross income, for income tax purposes, income attributable to certain discharges of commercial or retail indebtedness secured by real property.

Maddy summaryThe Biomanufacturing and Jobs Act amends the USDA's BioPreferred Program to increase federal purchasing of biobased products made from agricultural commodities like corn and soybeans. It requires federal agencies to annually update their procurement targets for biobased products, establishes a new USDA task force to coordinate biobased product programs, and creates new labeling and reporting requirements. The bill affects federal procurement agencies, USDA's programs, and manufacturers of biobased products including personal care items, paints, construction materials, and textiles. Key mechanisms include mandatory federal procurement targets, annual updates to procurement requirements, training for procurement staff, and public marketing initiatives to promote biobased products.

Maddy summaryHR 5545 requires the U.S. Agency for International Development (USAID) to create and implement a Global WASH in Healthcare Facilities Action Plan. The bill targets healthcare facilities in low- and middle-income countries - where 1 in 5 lack basic water access and 79% lack sanitation - to improve water, sanitation, and hygiene services. Key provisions mandate handwashing stations at all care points, safe waste disposal, menstrual health support, and integration with pandemic preparedness. USAID must report annually on progress, spending, and outcomes like reduced infections, using World Health Organization metrics. The law directly affects patients, healthcare workers, and facilities in high-priority countries identified by USAID.

Maddy summaryHR 3152, the "Fight CRIME Act," aims to maintain international restrictions on Iran's missile-related activities by requiring diplomatic efforts to extend these restrictions before they expire in October 2023. The bill mandates annual reports detailing U.S. diplomatic strategies, potential impacts of expiration, and measures to deter missile technology transfers to Iran. It establishes sanctions against foreign individuals or entities that knowingly support Iran's missile or drone programs, including asset freezes and visa restrictions. These sanctions apply regardless of whether UN restrictions remain in effect after their expiration, directly affecting foreign entities involved in these activities.

This bill increases from 20% to 25% the value of the total assets represented by securities of one or more taxable Real Estate Investment Trust (REIT) subsidiaries (thus restoring the REIT subsidiary asset test).

Maddy summaryThe ReConnecting Rural America Act of 2023 provides federal funding through grants, loans, and combinations of both to build broadband infrastructure in rural areas. It requires projects to provide at least 100 Mbps downstream and 100 Mbps upstream service, with priority given to areas where at least 90% of households lack such service. The bill authorizes $650 million annually from 2024-2028 for this program, targeting rural communities that currently lack adequate broadband access, while requiring cost-sharing of up to 25% and technical assistance for applicants. Eligible entities include state/local governments, tribes, cooperatives, and corporations, but not individuals or general partnerships. The program will expire on September 30, 2028.

Small Business Investor Tax Parity Act of 2023 This bill allows a tax deduction for qualified business development company interest dividends on the same basis as qualified real estate investment trust (REIT) dividends.

Maddy summaryThis bill approves and implements a new trade agreement between the United States and Taiwan, negotiated by the American Institute in Taiwan and Taiwan's Taipei Economic and Cultural Representative Office. The agreement aims to strengthen economic ties by addressing areas like supply chain security, investment screening, health, science, technology, and the digital economy. The bill establishes requirements for the President to consult with Congress before implementation, submit reports on how the agreement benefits US workers and businesses, and provide transparency about future trade negotiations. It also clarifies that the agreement doesn't override US or state laws and requires any future agreements to follow a similar approval process with congressional review.