Maddy summaryThis bill creates a tax incentive for U.S. corporations to distribute company stock to employees. To qualify, corporations must have 500+ full-time U.S. employees, be U.S.-domiciled, and meet specific share distribution requirements (e.g., distributing at least 1% of shares to employees or maintaining a 5% "SHARE ratio" of shares granted). Eligible corporations receive a 3% reduction in corporate income tax and can deduct the fair market value of distributed stock. Employee stock received under these plans is excluded from taxable income, directly benefiting workers at qualifying companies while lowering tax liability for the corporations.
Rep. Thomas R. Suozzi
Sponsored bills
Resident Physician Shortage Reduction Act of 2025 This bill increases the number of residency positions eligible for graduate medical education payments under Medicare for qualifying hospitals, including hospitals in rural areas and health professional shortage areas. The bill provides for an additional increase of 2,000 positions per fiscal year from FY2026-FY2032; during this period, each hospital may receive up to 75 additional positions in total under the bill and current law. Additionally, one-third of the positions that are made available under the bill must be allocated to hospitals that are already operating above applicable resident limits. The bill also requires the Government Accountability Office to report on strategies to increase the diversity of the health professional workforce, including with respect to representation from rural, low-income, and minority communities.
Maddy summaryHR 4710, the No Surprises Act Enforcement Act, increases penalties for health insurance plans and issuers that violate balance billing protections, which prevent surprise medical bills. The bill raises fines from $100 to $10,000 per violation for specific balance billing rule violations and adds a new penalty of three times the difference between initial payment and out-of-network rates for late payments after Independent Dispute Resolution decisions. It requires health plans and nonparticipating providers to make timely payments within 30 days of a payment determination, with interest accruing on late payments. The bill also establishes new transparency reporting requirements for the Secretary to submit regular reports to Congress about audits, enforcement actions, and penalties. These provisions directly affect health insurance issuers, group health plans, and nonparticipating healthcare providers.
Maddy summaryHR 4606, the Ally’s Act, requires private health insurance plans (including employer-sponsored plans and individual coverage) to cover hearing implants and related services. It directly affects people with hearing loss who need cochlear implants, bone conduction devices, or external sound processors, as determined by a physician or audiologist. The bill mandates coverage for devices, maintenance, repairs, upgrades every 5 years, hearing assessments, surgery, and rehabilitation - without separate cost-sharing or stricter limits than other medical services. Insurers cannot deny coverage if a provider deems the service medically necessary. The law applies to all applicable health plans and takes effect for plan years beginning January 1, 2026.
Maddy summaryThis bill establishes two grant programs to support construction and manufacturing apprenticeship colleges. It provides up to $500,000 per college for community outreach (e.g., connecting with high schools, rural businesses, and workforce boards) and student support services (e.g., academic advising, mental health resources, childcare). The grants target increasing enrollment and completion rates for underrepresented groups, including rural students, first-generation college students, and minorities. Funding of $5 million annually (2026-2030) requires colleges to report on program outcomes like retention rates and diversity metrics. The law directly affects apprenticeship colleges offering work-based training in construction and manufacturing fields.
Maddy summaryThis bill changes the terminology used in federal law regarding veterans' employment. It amends Title 38 of the U.S. Code to replace every instance of "employment handicap" with "employment barrier" and "employment handicaps" with "employment barriers." The change affects how the government describes obstacles veterans face in finding jobs within existing law. It is a purely technical update to language, not a new policy or program, and does not alter any current veteran employment benefits or requirements.
Maddy summaryHR 1522, the Federal Retirement Fairness Act, changes federal retirement rules to include temporary employees' service after January 1, 1988, in retirement benefit calculations. It directly affects temporary federal employees (including U.S. Postal Service workers) and Members of Congress who served after that date. The bill removes a previous cutoff date in retirement law, allowing their temporary service to count toward retirement eligibility. This means eligible temporary workers can now have their full service period considered when calculating retirement benefits.
Frederick Douglass Trafficking Victims Prevention and Protection Reauthorization Act of 2025 This bill reauthorizes programs and activities that combat international trafficking; establishes a new program to help victims of trafficking; and updates various elements of the federal framework to combat international trafficking. Specifically, this bill reauthorizes through FY2029 programs and activities at various federal departments and agencies to combat international trafficking and reduce the prevalence of modern slavery. The bill also reauthorizes International Megan’s Law through FY2029. Among its provisions, the law requires sex offenders to provide certain information about their intended travel outside of the United States. Additionally, the bill authorizes the Department of Health and Human Services to carry out a new program to help victims of trafficking integrate or reintegrate into society. The bill requires the Department of State's Trafficking in Persons Report to include information about trafficking in persons for the purposes of organ removal. With respect to country rankings for anti-trafficking efforts, the bill narrows the types of countries that are listed on the Tier 2 Watch List and increases the length of time a country may remain on the Tier 2 Watch List after being downgraded to the lowest ranking and then reinstated to the watch list. (The Tier 2 Watch List refers to countries that are making efforts to meet international standards for combatting human trafficking but still have a significant number of severe trafficking cases.) Finally, the bill requires counter-trafficking strategies, activities, and efforts to be further incorporated into U.S. foreign assistance.
Maddy summaryThe SUPPLY Act establishes a federal program to insure second loans (additional financing) for building accessory dwelling units (ADUs) on single-family properties. This insurance, administered by the Department of Housing and Urban Development, covers up to 30% of a standard one-unit home loan amount or 100% of the property value after construction (with potential increases based on 50% of projected rental income). Homeowners seeking to add ADUs - such as backyard cottages, converted basements, or detached units - can use this insurance to secure financing, with a government premium of up to 1% annually. The bill also requires Fannie Mae and Freddie Mac to purchase and securitize these insured loans, potentially expanding access to ADU financing.
Maddy summaryHRES 588 is a non-binding House resolution condemning the slogan "Globalize the Intifada" as a call to violence against Israeli and Jewish people worldwide. It urges U.S. national, state, and local leaders to publicly denounce the slogan, which the resolution characterizes as undermining safety and security. The resolution cites historical context of violence during past intifadas and recent antisemitic incidents to support its position. As a symbolic measure, it has no legal effect but aims to encourage leaders to reject the slogan.