Rep. Thomas R. Suozzi

Maddy summaryHR 6999, the Tax Relief for Fraud Victims Act, provides tax relief for individuals who experience theft losses involving fraud, deceit, or misrepresentation. It removes a limitation on deducting personal casualty losses and allows victims to elect to treat such fraud-related theft losses as occurring in the year the loss happened (rather than when discovered). The bill also extends the deadline for filing refund claims related to these losses to one year after discovery and applies similar rules to early retirement withdrawals tied to such thefts. These changes apply to losses sustained in taxable years beginning after December 31, 2025.

Maddy summaryThis concurrent resolution (HCONRES 69) commemorates the 15th anniversary of the January 8, 2011, Tucson shooting that killed six people and injured 13, including former Congresswoman Gabby Giffords. It honors the victims, survivors, and Giffords - now a prominent advocate for gun violence prevention - and recognizes her leadership in promoting civility and reducing gun violence. The resolution also commends Tucson residents and first responders for their resilience and reaffirms Congress’s commitment to respectful dialogue and opposing political violence. As a ceremonial resolution, it does not create new laws or policies.

Maddy summaryThis bill limits tax deductions for gambling losses to only the amount of gambling gains earned in the same year. It directly affects individuals who report gambling income on their tax returns, requiring them to offset losses against prior gambling winnings rather than using losses to reduce other taxable income. The key provision amends the tax code to restrict wagering loss deductions under Section 165(d), making losses deductible only up to the level of gambling gains. The rule applies to taxable years beginning after December 31, 2025.

This resolution expresses the sense of the House of Representatives that (1) Congress should adopt a fiscal target to reduce the federal budget deficit to 3% of gross domestic product or less as soon as possible and no later than the end of FY2030; and (2) after the target is achieved, Congress should continue to pursue further deficit reduction with the goal of achieving a balanced federal budget.

Maddy summaryThis bill establishes a U.S.-owned nonprofit corporation to support the athletic programs of the United States Merchant Marine Academy (USMMA). The Secretary of Transportation will create and oversee the corporation, which can enter sole-source contracts, accept donations (including from the NCAA and ticket sales), and license USMMA trademarks to fund athletic activities. The corporation must operate as a 501(c)(3) nonprofit under New York law, with DOT employees serving on its board in limited oversight roles. Funds received - such as from sponsorships, licensing fees, or other sources - must be retained exclusively for USMMA athletics, with strict rules to prevent conflicts with DOT’s other duties. The bill directly affects USMMA’s athletic programs and the Department of Transportation’s management of related funding.

Maddy summaryThis bill requires the Secretary of Agriculture to provide cost-share grants covering 70% of the costs for agricultural producers and eligible schools to retrofit tractors with approved rollover protection structures (safety frames that prevent injury if a tractor rolls over). It defines eligible schools as those offering agricultural training, including vocational programs, colleges, and secondary schools with ag-focused curricula. Grants cover purchasing, transporting, and installing these safety structures, with increased coverage for costs exceeding $500. Funding of $725,000 annually (2027-2031) is authorized, with $500,000 allocated directly to grants and the rest for administrative support.

Maddy summaryHRES 963 is a non-binding House resolution condemning antisemitism amplified by AI platforms and urging tech companies to implement safeguards. It directly affects AI developers and social media companies by requiring them to adopt transparent safety measures, prevent algorithmic amplification of antisemitic content, and publicly report on antisemitic content prevalence and removal efforts. Key provisions include promoting "safety-by-design" standards, enabling researcher access to study antisemitic content dynamics, and supporting digital literacy programs to counter AI-generated hate. The resolution emphasizes aligning these efforts with constitutional protections while recognizing stakeholders working to combat antisemitism online.

Maddy summary# Summary of Proposed Tax Code Amendment This document is a comprehensive proposal for tax code amendments, primarily focused on extending, modifying, and creating new tax credits related to clean energy, energy efficiency, and environmental initiatives. The key components include: ## Housing and Residential Credits - **First-Time Homebuyer Tax Credit**: A refundable credit for first-time homebuyers (Section 13001) - **Renter Tax Credit**: A refundable credit for renters paying more than 30% of their adjusted gross income in rent (Section 13002) ## Clean Energy Credits (Sections 21001-21007) - Extended clean energy production credit with a new phase-out date (2032 or when greenhouse gas emissions reach 25% of 2022 levels) - Extended clean electricity investment credit for wind and solar facilities - Restored credit for wind and solar leasing arrangements - Extended clean hydrogen production credit (construction date reverted to 2033) - Extended residential clean energy credit (termination date moved to 2034) - Reinstated special rate for sustainable aviation fuel (35 cents/ gallon for certain facilities) ## Energy Efficiency Credits (Sections 22001-22004) - Restored product identification number requirement for energy-efficient home improvements - Extended new energy efficient home credit (acquisition date moved to 2032) - Repealed termination of new energy efficient commercial buildings deduction - Restored cost recovery for energy property ## Electric Vehicle and Charging Infrastructure Credits (Sections 23001-23005) - Extended previously-owned vehicle credit (acquisition date moved to 2032) - Extended clean vehicle credit (placement in service date moved to 2032) - Extended commercial clean vehicles credit (termination date moved to 2032) - Extended alternative fuel vehicle refueling property credit (termination date moved to 2032) - Created a new credit for electric bicycles (30% of cost, up to $5,000 per bicycle) ## Clean Infrastructure and Resiliency Credits (Sections 24001-24007) - Created qualifying water reuse project credit (30% of qualified investment) - Created recycling property investment credit (30% of qualified investment with phase-out) - Excluded amounts received from State-based catastrophe loss mitigation programs from gross income - Expanded exclusion for certain emergency agricultural assistance - Created credit for disaster mitigation expenditures (30% of qualifying mitigation activities) - Created qualifying electric power transmission line credit (30% of qualified investment) - Created qualifying advanced battery project credit (30% of qualified investment with $3 billion cap) The proposed amendments generally extend existing credits through 2032-2037, with some credits having phase-out schedules and others having specific termination dates. The document also includes numerous conforming amendments to other sections of the tax code to accommodate these changes.

Maddy summaryThe "Peace Through Strength Against Russia Act of 2025" proposes to significantly expand and strengthen U.S. sanctions against the Russian Federation and its supporters. The bill mandates blocking property and restricting visas for Russian government officials, state-owned financial institutions, and entities supporting Russia's defense industrial base or war efforts in Ukraine, including those involved in kidnapping Ukrainian children. Key provisions prohibit U.S

Maddy summaryHR 6895, the Debt Solution and Accountability Act, requires the Treasury Secretary to submit detailed reports to Congress before increasing the debt limit. These reports must include current and projected debt levels, drivers of future debt, plans to reduce debt growth (short, medium, and long-term), and analyses of how debt limit actions affect government spending, debt service, and the dollar's global role. The bill also mandates a progress report within 180 days after any debt limit increase or suspension, and requires public posting of all reports on Treasury's website for six months. Additionally, it grants congressional committees specific access to Treasury financial data upon request, including cash flow details and debt transaction information. The bill focuses solely on transparency and reporting requirements, without altering debt policy or spending levels.