Rep. Roger Williams

Maddy summaryThis bill amends the federal tax code to create a "safe harbor" for certain Texas school trust funds. It specifies that these state-created funds - which hold nonfinancial assets (like land or buildings) and are used solely to support public schools or essential government functions - will not be classified as "investment property" under tax law. The provision applies to funds already meeting strict criteria as of 1986, ensuring their tax-exempt status remains intact. It directly affects existing Texas perpetual trust funds that support public elementary and secondary schools. The bill does not address new construction costs or funding mechanisms, but rather clarifies the tax treatment of pre-existing school funding structures.

Maddy summaryHR 53 (FIND Act) requires federal contractors to certify they do not refuse to work with firearm manufacturers, dealers, ammunition sellers, or related safety device companies based on bias. It prohibits main contractors from awarding subcontracts exceeding 10% of a contract’s value to entities that fail to make this certification, and bans efforts to circumvent the rule through complex subcontract tiers. The law applies to all federal procurement contracts, directly affecting businesses bidding on government work. Violations risk contract termination and suspension from future government contracts.

This act designates the facility of the United States Postal Service located at 651 Business Interstate Highway 35 North Suite 420 in New Braunfels, Texas, as the Bob Krueger Post Office.

This act designates the facility of the United States Postal Service located at 4110 Bluebonnet Drive in Stafford, Texas, as the Leonard Scarcella Post Office Building.

This act designates the facility of the United States Postal Service located at 4020 Broadway Street in Houston, Texas, as the Benny C. Martinez Post Office Building.

Cardiovascular Advances in Research and Opportunities Legacy Act This act addresses research, education, and awareness concerning valvular heart disease and its treatment. This disease is caused by damage to or disease affecting any valve that controls blood flow in the heart. The National Institutes of Health may conduct or support research on the disease in consultation with the National Heart, Lung, and Blood Institute (NHLBI). The NHLBI must also conduct a workshop on mitral valve prolapse, which occurs when the valve between the chambers of the left side of the heart seals improperly. The Department of Health and Human Services (HHS) must develop best practices to treat valvular heart disease. HHS may also carry out other projects to increase education and awareness of the disease.

This bill allows a securities broker or dealer to publish or distribute a research report on a proposed public offering without it being considered an offer to sell securities for purposes of registration requirements. Currently, reports regarding a proposed public offering by an emerging growth company fall under this exception.

Consumer Information Notification Requirement Act This bill requires federal financial regulators to set forth rules regarding data breaches. Specifically, these rules must require financial institutions, banks, and other specified entities to notify customers of breaches likely to result in identity theft, fraud, or economic loss.

Putting Investors First Act of 2022 This bill requires a proxy advisory firm to register with the Securities and Exchange Commission and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting advice, research, analysis, or recommendations to any client. With respect to these firms, the bill (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and publicly disclose conflicts of interest; (3) allows issuers to assess and comment on proxy voting recommendations; and (4) prohibits unfair, coercive, or abusive practices. The bill establishes a private right of action against a proxy advisory firm that endorses an approved proposal that is not supported by the issuer and is found to be illegal.

This joint resolution nullifies the interim final rule issued by the Department of Veterans Affairs (VA) titled Reproductive Health Services and published on September 9, 2022. The rule authorizes the VA to provide certain abortion-related care to veterans. The rule also applies to such care provided to beneficiaries covered under the Civilian Health and Medical Program of the Department of Veterans Affairs (CHAMPVA).