Maddy summaryThis bill allows workers aged 50 or older to directly roll over employer retirement contributions (from 401(k) plans) into an individual retirement annuity without triggering immediate taxes or penalties. It requires retirement plan administrators to provide clear, plain-language written explanations about rollover rules, including a 30-day review period, tax implications (like the 10% early withdrawal penalty), and what types of distributions cannot be rolled over (such as required minimum distributions). The rules apply to taxable years starting after December 31, 2025, and aim to simplify the process for older workers changing jobs or managing retirement funds. It directly affects workers aged 50+ and retirement plan administrators who must comply with the new disclosure standards.
Rep. Thomas R. Suozzi
Sponsored bills
Maddy summaryThis bill updates securities laws to expand exemptions for retirement plans used by charities and educational institutions. It specifically modifies definitions in the Investment Company Act, Securities Act, and Securities Exchange Act to include 403(b) plans meeting certain conditions - such as being subject to ERISA, having employer fiduciary oversight, or being governmental plans. These changes reduce regulatory hurdles for organizations offering these plans, making it easier to administer retirement benefits for their employees. The bill directly affects charities, schools, and other non-profits that sponsor 403(b) retirement plans.
Maddy summaryThis bill directs the U.S. Secretary of State to develop a strategy advocating for Taiwan's membership or observer status in Interpol and to formally request it on Taiwan's behalf. It requires the U.S. to work with Interpol member states to support Taiwan's participation, addressing Taiwan's current lack of access to Interpol's global communications system (I-24/7) for crime-fighting coordination. The bill mandates a 90-day report to Congress detailing this strategy and the U.S. efforts to secure Taiwan's inclusion in Interpol and other international organizations.
Maddy summaryHR 6187, the Wojnovich Pipeline Safety Act of 2025, establishes a $100 million annual grant program to fund safety upgrades for hazardous liquid pipelines owned by municipalities or community-owned utilities. It requires states to mandate real estate disclosures about nearby pipelines in property contracts and creates a new $2.5 million annual penalty for operators failing to report leaks (doubling to $5 million if delayed by 15 days). The bill also mandates localized emergency alerts within one mile of pipelines and creates a community trust fund using penalty payments to reimburse emergency responders for costs related to pipeline incidents. These provisions directly affect pipeline operators, property sellers, and local emergency response agencies.
Maddy summaryThis resolution, HRES 902, sets up the House to consider H.R. 185, known as the Bipartisan Healthcare Optimization, Protection, and Extension Act. The bill extends financial assistance for health insurance through 2027 by adjusting premium tax credits for people earning up to 935% of the poverty line. It also adds stricter rules and penalties for insurance agents and brokers who provide incorrect or fraudulent information during enrollment. The legislation includes consumer protections like verification processes for enrollments, requirements to notify people about their tax credits, and procedures to remove deceased individuals from health plans. Finally, it extends the open enrollment period for 2026 to run from November 1, 2025, to May 15, 2026.
Maddy summaryThe HOPE Act extends enhanced premium tax credits through 2027, providing income-based subsidies for individuals with household incomes up to 935% of poverty level who purchase health insurance through ACA marketplaces. It imposes civil penalties of $10,000-$50,000 (and criminal penalties) for agents or brokers who provide false enrollment information. The bill requires new verification processes for agent-assisted enrollments, including documentation of consent and delayed commission payments, and mandates quarterly checks to remove deceased individuals from health insurance plans. These changes directly affect subsidy recipients and insurance agents/brokers operating in healthcare marketplaces.
Maddy summaryHR 6181, the John Lewis Every Child Deserves a Family Act, prohibits child welfare agencies receiving federal funds from discriminating against children, youth, or prospective foster/adoptive parents based on religion, sex (including sexual orientation and gender identity), or marital status. It directly affects LGBTQ youth in foster care - overrepresented at 30% of the system - who face higher risks of trauma, group home placements, and suicide attempts compared to non-LGBTQ peers. Key provisions require agencies to collect data on sexual orientation and gender identity, establish a National Resource Center for LGBTQ youth support, provide cultural competency training, and eliminate discriminatory practices. The law aims to improve safety, permanency, and placement stability by expanding access to family-based care and ensuring equitable services for all children in the system.
Maddy summaryHR 6231 extends and enhances the Work Opportunity Tax Credit (WOTC), a federal tax credit for employers hiring from specific target groups like veterans, SNAP recipients, and summer youth workers. The bill extends the program through 2030 (from 2025), increases the credit rate to 50% for certain wages (up from 40%), adds automatic inflation adjustments to the $6,000 wage cap, and expands eligibility to include military spouses and removes age limits for SNAP recipients. Key provisions also modify credit calculations for veterans, agricultural workers, and long-term assistance recipients, while requiring federal agencies to promote hiring from target groups in critical sectors like healthcare and construction. This bill directly affects employers who hire from these designated groups, making the tax credit more valuable and accessible.
Maddy summaryHR 1560, the Postal Supervisors and Managers Fairness Act of 2025, requires the U.S. Postal Service to formally negotiate pay and benefits changes with supervisors' organizations. It mandates that the Postal Service provide written proposals to these organizations 60 days before pay decisions expire or after new collective bargaining agreements affecting supervisor pay are reached. The bill also shortens dispute resolution timelines, requiring binding final decisions within 15 days of a panel's recommendation. This directly affects postal supervisors and managers covered under recognized bargaining organizations. The law changes the negotiation process but does not alter specific pay rates or benefits.
Maddy summaryThis bill amends federal law to expand appeal rights for certain postal employees to the Merit Systems Protection Board (MSPB). It specifically applies to postal workers in supervisory, professional, technical, clerical, administrative, or managerial roles who are not represented by a union under Section 1203 of federal labor law. The key change clarifies that these employees can now directly appeal personnel decisions (like discipline or termination) to the MSPB, rather than relying solely on internal postal processes. This modifies eligibility criteria for MSPB appeals under Title 39 of the U.S. Code.