Maddy summaryHR 2849 creates a tax credit for U.S. manufacturers producing rare earth magnets. The credit offers $20 per kilogram for magnets made with domestically sourced materials, or $30 per kilogram if at least 90% of the rare earth components are produced in the U.S. The credit phases out over time, reducing to 70% in 2033, 35% in 2034-2035, and ending after 2035. To qualify, manufacturers must not use materials from non-allied foreign nations and must produce magnets as part of their regular business operations.
Sponsored bills
Maddy summaryHR 2826, the Save Local Business Act, clarifies when multiple businesses can be held jointly responsible for labor laws. It amends the National Labor Relations Act and Fair Labor Standards Act to state that a business is only a joint employer if it directly controls key employment terms like hiring, pay, schedules, or discipline for another business's workers. This directly affects franchisors, contractors, and similar business models that might previously have been deemed joint employers under broader interpretations. The bill aims to limit joint employer liability to cases where one business has clear, day-to-day control over essential worker conditions.
Maddy summaryHR 734, the Protection of Women and Girls in Sports Act of 2023, amends Title IX to prohibit federally funded schools and athletic programs from allowing individuals assigned male at birth to participate in women's or girls' sports teams. The bill defines "sex" for this purpose as "reproductive biology and genetics at birth," making it a violation of federal law to permit such participation in designated women's or girls' programs. It allows males to train with women's teams only if no female is deprived of a roster spot, competition opportunity, scholarship, or other benefit tied to the team. This law directly affects public and private schools receiving federal financial assistance that operate athletic programs.
This resolution recognizes the 70th anniversary of the signing of the Mutual Defense Treaty between the United States and South Korea. Affirming the importance of the U.S.-South Korean alliance as the linchpin to safeguarding peace, security, and prosperity on the Korean peninsula, the resolution welcomes President Yoon Suk Yeol to the United States. It also supports ongoing defense and security ties, calls for continued promotion of human rights, and encourages close cooperation between the United States, South Korea, and Japan.
Maddy summaryHR 2541, the Ensuring Safer Schools Act of 2023, modifies federal COPS grants to prioritize hiring veterans and retired law enforcement officers as school resource officers (SROs). It adds preferential consideration for grant applications focused on this hiring, requires annual mental health screenings and training for SROs, and mandates annual student engagement activities by SROs. The bill directly affects schools receiving COPS grants, veterans seeking SRO roles, and law enforcement agencies partnering with schools. It also requires the Department of Veterans Affairs to connect veterans with local SRO programs. These changes adjust existing grant rules without creating new funding or altering school safety protocols.
Maddy summaryHR 2743 prohibits large financial institutions (over $100 billion in assets) from denying banking services to lawful businesses based on subjective political reasons, industry type, or reputational concerns. It requires these institutions to use objective, risk-based assessments for service decisions and provide written justifications for denials. The law applies to banks, credit unions, and payment networks, with civil penalties for violations including fines up to $10,000 per incident. It specifically ensures businesses operating legally under federal law receive fair access to financial services without discrimination. The bill mandates that denials be based on documented risk factors, not political bias or category-based exclusion.
Maddy summaryThe Freedom from Government Competition Act of 2023 requires federal agencies to obtain most goods and services from private companies through competitive bidding instead of providing them through government operations. Exceptions apply only when the law mandates government provision, for national defense or homeland security, for inherently governmental functions, or when no private source exists. Agencies must conduct competitive analyses to confirm private sector provision offers the best value to taxpayers and submit annual reports to Congress with a 5-year plan to transition commercial activities to private companies. This policy directly affects federal agencies and private sector providers by shifting procurement responsibilities away from government-run services.
American Innovation and R&D Competitiveness Act of 2023 This bill eliminates the five-year amortization requirement for research and experimental expenditures, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.
Maddy summaryHR 2726, the Small Business Payment for Performance Act of 2023, requires U.S. government agencies to provide small businesses with interim partial payments when they unilaterally change construction contract terms. Specifically, it mandates that agencies pay at least 50% of the estimated additional costs requested by small businesses within the timeframe specified by the contract. The bill also requires small businesses to pass these interim payments to first-tier subcontractors and any lower-tier subcontractors who incurred increased costs due to the contract change. This law applies directly to small business concerns awarded federal construction contracts and takes effect by October 1, 2025, or the start of the next full fiscal year after enactment.
Maddy summaryHJRES 27 is a congressional resolution seeking to block a federal rule that redefined which waterways fall under the Clean Water Act's protections. It targets a rule submitted by the Army Corps of Engineers, Department of Defense, and Environmental Protection Agency (EPA) on January 18, 2023, which aimed to revise the "Waters of the United States" definition. The resolution would formally disapprove this rule under a specific federal procedure (Chapter 8 of Title 5), preventing it from taking effect. This would directly affect how federal agencies regulate pollution and development near water bodies, including wetlands and smaller streams.