Rep. Kevin Hern

Maddy summaryHR 1347, the AIMM Act, permanently extends a tax provision allowing businesses to deduct depreciation, amortization, or depletion when calculating their business interest expense limit. This change directly affects manufacturers and other businesses that use these deductions for tax purposes. The bill amends the tax code to remove the previous expiration date (which applied only to years before 2022), making the deduction rule permanent for all future taxable years. The key change is eliminating a temporary provision, providing ongoing certainty for business tax calculations.

More Homes on the Market Act This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes). Under the bill, an individual may exclude from gross income gain from the sale of a principal residence of up to $500,000 (currently $250,000), and taxpayers who are married and file a joint federal income tax return may exclude up to $1 million (currently $500.000). The bill also requires these amounts to be adjusted annually for inflation.

Maddy summaryHR 1232, the National Right-to-Work Act, would make union membership voluntary for workers in most private-sector jobs by removing legal requirements for employees to join a union or pay dues as a condition of employment. It directly affects workers in unionized workplaces covered by the National Labor Relations Act (including most private employers) and railroad workers covered by the Railway Labor Act. The key change eliminates provisions that allowed "union security agreements" (requiring dues or membership), meaning workers could no longer be forced to pay union fees to keep their jobs. This bill does not change other labor rights or create new programs - it only modifies existing laws to allow workers to opt out of union membership and financial obligations.

Maddy summaryThis bill creates a 10% tax credit for businesses that modernize or replace freight railcars, directly affecting railcar owners and manufacturers. To qualify, railcars must meet an 8% improvement standard in capacity or fuel efficiency, be built or modernized after enactment, and replace two scrapped railcars. The credit is limited to 1,000 qualified railcars per business annually, with reporting requirements for the Treasury to track claimed credits, scrapped railcars, and new railcar production. The credit applies to railcars placed in service after December 2024, ending three years after enactment.

Maddy summaryThe SAFE Act requires Medicare to cover falls risk assessments and fall prevention services for seniors aged 65+ who have fallen in the previous year. These services, provided by physical or occupational therapists, will be included in Medicare's annual wellness visits and initial preventive physical exams starting January 1, 2026. The bill also mandates annual reports to Congress beginning in 2027 on falls among seniors aged 65+ that required treatment for fall-related injuries. This policy directly affects Medicare beneficiaries with a documented history of falls by adding targeted preventive care to their covered benefits.

Maddy summaryThis bill expands 529 college savings account flexibility by allowing funds to cover costs for industry-recognized postsecondary credentials, not just traditional degrees. It defines "qualified expenses" to include tuition/fees for recognized credential programs (like certifications or apprenticeships), required testing fees, and continuing education needed to maintain credentials. To qualify, programs must meet specific criteria, such as appearing on state lists under the Workforce Innovation and Opportunity Act or being listed in VA or Defense directories. The change applies to 529 distributions made after the law's enactment, giving families more options to use these accounts for job-focused training.

Maddy summaryHR 1125, the LOCAL Act, mandates that the Bureau of Land Management (BLM) headquarters relocate to Grand Junction, Colorado, and requires all existing BLM employees stationed there to remain in place. The bill also requires the Secretary of the Interior to study relocating additional BLM positions to Grand Junction or other western states within one year, assessing impacts on Federal land management, community coordination, and activities like tourism and conservation. The study must be reported to Congress within 365 days of the bill's enactment. This legislation directly affects BLM operations and employee locations in western states, with no changes to substantive land management policies.

Maddy summaryThe ORPHAN Cures Act (HR 946) adjusts how the government calculates approval timelines for certain rare disease treatments under the Drug Price Negotiation Program. It clarifies that periods when a drug was previously designated as an "orphan drug" (for rare diseases) won't count toward the timeline for price negotiations. The bill also broadens the definition of "rare disease" to cover multiple conditions simultaneously, aligning with existing federal law. This directly affects manufacturers of orphan drugs by potentially extending their exclusivity periods before price negotiations begin.

Maddy summaryThis bill modifies tax credits for carbon capture under the Internal Revenue Code. It expands qualifying uses for carbon capture credits to include using carbon as a "tertiary injectant" in oil/gas recovery projects (with storage) and other specified methods, while increasing the credit rate from $17 to $36 per ton for eligible projects starting in 2025. The changes directly affect companies capturing carbon dioxide for storage or industrial use, making these projects more financially viable. The updated credit rates apply to taxable years beginning after December 31, 2024, with future rates adjusted for inflation.

Fair Access to Banking Act This bill places restrictions on certain banks, credit unions, and payment card networks if they refuse to do business with a person who complies with the law. Restrictions include prohibiting the use of electronic funds transfer systems and lending programs, termination of an institution's depository insurance, and specified civil penalties. Banks and other specified financial institutions are allowed to deny financial services to a person only if the denial is justified by a documented failure of that person to meet quantitative, impartial, risk-based standards established in advance by the institution. This justification may not be based upon reputational risks to the institution. The bill establishes the right for a person to bring a civil action for a violation of this bill.