Maddy summaryThis bill changes a tax rule for Real Estate Investment Trusts (REITs) that use taxable subsidiaries. It increases the percentage limit for assets held in these subsidiaries from 20% to 25% of a REIT's total assets, directly affecting REIT companies that operate through such subsidiaries. The key provision amends the Internal Revenue Code to restore this higher asset threshold, which had been reduced earlier. The change applies to taxable years starting after December 31, 2025.
Rep. Thomas R. Suozzi
Sponsored bills
Maddy summaryThe Medical Supply Chain Resiliency Act (HR 2213) establishes a framework for the U.S. to form agreements with foreign countries that commit to reliable medical supply chains during emergencies. It allows the President to negotiate "trusted trade partner agreements" that reduce trade barriers (like duties and quotas) for medical goods with countries meeting specific criteria, such as maintaining open trade during health crises and protecting intellectual property. These agreements require Congressional review and approval, with ongoing monitoring to ensure partners uphold commitments. The bill directly affects U.S. trade policy, foreign governments seeking partnerships, and the medical supply industry by aiming to diversify sources and secure critical products like pharmaceuticals and medical devices.
Maddy summaryHR 2103, the Protect Postal Performance Act, requires the U.S. Postal Service to hold public hearings and wait 180 days before closing or consolidating any post office, ensuring community input and transparency. It directly affects communities by preventing closures if a post office is the only one within 15 miles or serves 15,000+ residents, and blocks closures of processing centers that would leave entire non-contiguous state regions (with over 100,000 residents) without service. The bill also mandates that the Postal Regulatory Commission review proposed facility changes before implementation and prohibits reducing mail pickup/drop-off frequency through transportation optimization plans without prior approval. These provisions aim to stabilize postal services and maintain access for residents in underserved areas.
Maddy summaryHR 2121 establishes a 23-member commission to study the feasibility of creating a National Museum of Irish American History in Washington, D.C. The commission, appointed by the President and congressional leaders, will examine key issues like funding sources (without relying on federal appropriations), potential locations, whether to partner with the Smithsonian, and community engagement strategies. It must submit detailed reports within 24 months, including a fundraising plan and recommendations for potential legislation, but does not authorize the museum's construction or funding. The bill focuses solely on gathering data and recommendations to inform future decisions, with the commission terminating 30 days after final reports are submitted.
Maddy summaryHR 2095, the Postal Police Reform Act of 2025, amends existing law to clarify the roles of USPS police officers and their authority over property. It explicitly includes "Postal Service police officers" alongside Postal Inspectors in Section 3061 of Title 18, U.S. Code, and gives the Postmaster General new authority to create rules for protecting USPS-owned or controlled property. These rules can include fines or up to 30 days in jail for violations, with penalties clearly defined under the law. The bill directly affects USPS police officers and individuals on USPS property by standardizing their regulatory framework.
Homes for Every Local Protector, Educator, and Responder Act of 2025 or the HELPER Act of 2025 This bill establishes a program administered by the Department of Housing and Urban Development to provide mortgage assistance to law enforcement officers, elementary and secondary school teachers, firefighters, or other first responders. Specifically, these individuals may be eligible for a first-time mortgage on a primary family residence with no down payment. Instead, the mortgage is subject to a one-time, up-front mortgage insurance premium.
Maddy summaryHRES 216 is a resolution condemning the leadership of the House Republican Conference for allowing a social media post that falsely questioned the immigration status and patriotism of Congressman Adriano Espaillat (Chairman of the Congressional Hispanic Caucus). The resolution specifically names House Speaker Mike Johnson, Majority Leader Steve Scalise, Majority Whip Tom Emmer, and other top Republican leaders as responsible for the post. It characterizes the post as xenophobic and inappropriate, stating such rhetoric violates the standards of conduct expected of members of Congress.
Maddy summaryThe Access to Family Building Act establishes legal rights for individuals seeking fertility care and health care providers offering assisted reproductive technology (ART) services. It prohibits states or localities from imposing unreasonable restrictions on ART access - such as excessive costs, health barriers, or arbitrary limitations - that don’t advance safety or health outcomes. The bill allows patients, providers, or insurers to sue to enforce these rights, while explicitly preserving state health/safety regulations that protect patient safety. It does not override existing state insurance laws or require changes to medical facility safety standards. This bill directly affects patients pursuing fertility treatment, fertility clinics, and health insurers covering ART services.
Maddy summaryThe Credit for Caring Act of 2025 creates a federal tax credit for family caregivers of elderly or disabled relatives. It allows eligible caregivers (with over $7,500 in earned income) to claim a credit equal to 30% of qualified caregiving expenses exceeding $2,000, capped at $5,000 per year. Qualified expenses include human assistance, home modifications, respite care, counseling, lost wages for unpaid time off, and transportation, all requiring certification from a licensed healthcare provider that the care recipient has long-term needs. The credit phases out for higher earners (over $75,000 single/$150,000 joint) and requires documentation of expenses and care recipient certification.
Maddy summaryHR 2085 creates a 25% tax credit for businesses and tax-exempt entities (like hospitals or nonprofits) conducting translational research on neurodegenerative diseases and psychiatric conditions. The credit covers 25% of qualifying research expenses, with annual funding limits of $1 billion in 2026, $2 billion annually from 2027-2030, and $1 billion in 2031. Funds are allocated based on scientific merit, requiring projects to cover all research phases, prioritize new therapies for mental/neurological disorders, and encourage public-private partnerships. The credit expires after 2035 and cannot be used to offset deductions for the same expenses.