Native American Health Savings Improvement Act This bill allows individuals who are eligible for a medical care program of the Indian Health Service or a tribal organization to participate in health savings accounts.
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.
Safeguarding Endangered Children, Unaccompanied and at Risk of Exploitation Act of 2023 or SECURE Act of 2023 This bill requires regular reports to Congress detailing the status of unaccompanied non-U.S. national ( alien under federal law) children. The bill also rescinds certain funding for the agencies responsible for the report for each day that a report is late. Specifically, the Department of Health and Human Services (HHS), the Department of Homeland Security (DHS), and the Federal Bureau of Investigation must jointly report to Congress every 60 days on such children that have been in the custody of the Office of Refugee Resettlement (ORR) since January 1, 2021, and have been released to a parent, family member, or sponsor within the United States. This report must provide each child’s age, sex, location, and detail the child’s health and well-being. Additionally, the report must provide specified information about adults living in the child’s home, such as whether adults in the home have been subject to a fingerprint-based check of national crime information databases. The report must also specify the number of children that ORR has tried to contact without success on at least three separate attempts. The report must be provided for up to three years or until all of the specified children have been accounted for. The bill also rescinds certain funding from HHS, DHS, and the FBI for each day that a report is late. Up to $10 million may be rescinded from each agency for each fiscal year.
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 summaryThis bill modernizes the federal Vaccine Injury Compensation Program (VICP) by increasing the minimum number of special masters from 8 to 10 to reduce processing delays. It raises compensation for vaccine-related death and pain/suffering to $600,000 in 2021, adjusted annually for inflation via the Consumer Price Index. The statute of limitations for filing claims is extended from 36 months to 5 years, and it mandates adding COVID-19 vaccines to the Vaccine Injury Table while transferring all pending claims to the VICP. These changes directly affect individuals seeking compensation for alleged vaccine injuries by improving program efficiency and updating financial protections.
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.
Maddy summaryThis resolution (HRES 620) is a non-binding House of Representatives statement expressing support for Japan's efforts to secure justice for Japanese citizens abducted by North Korea. It directly urges North Korea to release any remaining abductees, return remains and provide details about deceased victims, offer appropriate restitution, and issue a formal apology. The resolution references North Korea's 2002 admission of abductions (after 24 years of captivity for some) and emphasizes the conflict with human rights principles. As a symbolic gesture, it does not impose new legal requirements but calls for North Korea to address past actions.
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.
Strategy To Oppose Purposeful CCP Aggression at the United Nations Act of 2023 or the STOP CCP at UN Act of 2023 This bill requires actions to address efforts by China to expand its influence on the United Nations. Specifically, the bill requires the Department of State to establish the Office of Multilateral Strategy, which must implement a strategy to counter China at the United Nations. The office must report on its work to Congress. The State Department must also increase the number of U.S.-sponsored junior professional officers at the United Nations to match or exceed the number of such officers sponsored by China. Furthermore, the State Department and the U.S. Permanent Representative to the United Nations must report to Congress annually about China's actions to expand its influence on the United Nations, including through coercion, intimidation, and other illegitimate means.
Maddy summaryHR 4695, the Unfair Tax Prevention Act, amends the tax code to create special rules for certain foreign-controlled companies operating under specific foreign tax regimes. It directly affects multinational entities controlled by foreign owners that face "extraterritorial taxes" (taxes based on income connections through ownership chains, not direct ownership). Key provisions include treating these entities as "applicable taxpayers" for base erosion rules, changing a key deadline to the bill's enactment date, and requiring 50% of their cost of goods sold to be counted as a tax benefit. This targets tax avoidance strategies used by some foreign-owned businesses in jurisdictions with complex cross-border tax structures. The changes apply to taxable years beginning after the bill's enactment.
