Rep. Blake D. Moore

Maddy summaryThe Employee Equity Investment Act of 2023 creates a new facility to provide financial support for employee-owned businesses by establishing new rules for "employee equity investment companies." These companies must invest at least 75% of their capital in employee ownership transitions, requiring independent trustees and fairness opinions for transactions to protect employee interests. The bill also modifies government procurement rules to help employee stock ownership plans and worker-owned cooperatives access set-aside contracts. The facility will expire 20 years after the first license is issued, with detailed reporting requirements for all investments.

Processing Revival and Intrastate Meat Exemption Act or the PRIME Act This bill exempts from federal inspection requirements animals and meats that are slaughtered and prepared at custom animal slaughter facilities for distribution within the state. Under current law, a custom slaughter exemption applies if the meat is slaughtered exclusively for personal, household, guest, or employee uses. Specifically, the bill expands the federal inspection exemption to include the slaughter of animals or the preparation of carcasses, meat, and meat food products that are slaughtered and prepared at a custom slaughter facility in accordance with the laws of the state where the facility is located; and prepared exclusively for distribution to household consumers in the state or restaurants, hotels, boarding houses, grocery stores, or other establishments in the state that either prepare meals served directly to consumers or offer meat and food products for sale directly to consumers in the state. The bill does not preempt any state law concerning (1) the slaughter of animals or the preparation of carcasses, meat, and meat food products at a custom slaughter facility; or (2) the sale of meat or meat food products.

Maddy summaryHR 3249, the Protecting Circuit Boards and Substrates Act, creates a 25% tax credit for businesses purchasing U.S.-manufactured printed circuit boards and establishes a federal program providing financial assistance for domestic manufacturing and research of these components. The bill directly affects U.S. businesses, particularly small, minority-owned, women-owned, and veteran-owned companies, by offering incentives to build or expand facilities within the United States. Key provisions include workforce training requirements for recipients, preferences for projects that increase domestic production capacity or relocate from foreign-controlled areas, and strict restrictions on foreign entities of concern. The program is authorized with $3 billion for 2024-2025 and includes clawback provisions if projects aren't completed on schedule or if recipients collaborate with foreign entities on national security concerns.

Reservist Pay Equity Act of 202 3 This bill increases the rate of the differential wage payment tax credit from 20% to 50% and requires that the maximum dollar amount of such credit be adjusted for inflation after 2023. The credit is allowed to employers for their employees who are active duty members of the uniformed services.

Maddy summaryHR 3238, the Affordable Housing Credit Improvement Act of 2023, updates the Low-Income Housing Tax Credit (LIHTC) program to increase the availability of affordable housing across the United States. The bill makes several key changes including increasing state funding formulas, modifying tenant eligibility rules to better serve vulnerable populations (such as domestic violence victims and students), and expanding credit eligibility for projects in rural and Native American communities. Specific provisions raise the credit for properties serving extremely low-income households, clarify rules around tenant income increases, and require housing providers to protect victims of domestic violence. The bill also updates terminology from "low-income" to "affordable" throughout the tax code and enhances program transparency through data sharing requirements. These changes aim to make the LIHTC program more effective at creating and preserving affordable housing units for low-income households nationwide.

Direct Capital Access Act of 2023 or the DCA Act of 2023 This bill increases the number of daily round-trip flights allowed at Ronald Reagan Washington National Airport (DCA). Specifically, this bill adds 56 new slots at DCA to allow for 28 additional daily round-trip flights. (Airlines flying to and from DCA are subject to slot and perimeter rules set by federal law and regulation. The slot rules determine the total number of flight slots that can be handled in a given time period. In addition, a statutory perimeter rule limits nonstop flights to a 1,250-mile radius unless they are granted an exemption in law.) Current law limits DCA to a maximum of 67 hourly slots for flights both within- and beyond-perimeter; a round-trip flight serving DCA requires two slots (or a slot pair). Of those slots, 40 daily slots are exempt from the perimeter rule. Under the bill's slot increase, operations at DCA may not increase by more than eight flights per hour.

Maddy summaryThe Protecting Taxpayers and Victims of Unemployment Fraud Act allows states to retain 25% of funds recovered from fraudulent unemployment claims (for pandemic-related benefits) to improve fraud prevention systems. States can use these retained funds to modernize unemployment systems, hire fraud investigators, reimburse administrative costs, or conduct other fraud prevention activities. The bill requires states to use specific data matching systems like the National Directory of New Hires to detect fraud more effectively. It modifies federal rules to ensure states can use recovered funds without violating deposit requirements. This legislation aims to reduce unemployment fraud while protecting taxpayers and victims of fraud.

Maddy summaryThe ACRE Act of 2023 amends the tax code to exclude interest income from certain rural and agricultural loans from taxable income for eligible lenders. It directly affects banks, savings associations, and their wholly-owned entities that provide qualified loans secured by rural or agricultural real estate, including single-family homes in designated rural areas (with a $750,000 loan balance cap) or aquaculture facilities. The key provision allows these lenders to exclude interest earned on qualifying loans from their gross income, effectively reducing their tax liability on such lending activity. The bill applies to loans made after its enactment date and aligns with existing definitions of rural property from the Agricultural Credit Act of 1987.

Maddy summary# Summary of the Energy Development and Permitting Bill This document is a comprehensive energy policy bill focused on streamlining permitting processes, accelerating energy development, and reducing regulatory burdens for oil, gas, and geothermal projects on public lands. ## Key Provisions: 1. **Leasing and Permitting Reforms:** - Requires annual oil and gas lease sales in the Gulf of Mexico and Alaska regions - Sets 30-day deadlines for processing permit to drill applications - Mandates annual reports on permit processing status - Establishes 50-year terms for pipeline rights-of-way (replacing previous 30-year terms) 2. **Environmental Review Streamlining:** - Introduces "categorical exclusions" for certain activities that don't require environmental review - Sets page limits for environmental documents (150 pages for EIS, 75 for EA) - Establishes deadlines for completing environmental reviews (1-2 years) - Limits judicial review of environmental decisions - Requires "statement of purpose and need" in environmental impact statements 3. **Special Provisions:** - Allows drilling on non-Federal surface estate without Federal permit (if State permit is provided) - Prohibits Chinese Communist Party ownership interest in Federal leases - Sets royalty rates at not more than 12.5% for onshore Federal oil and gas leases - Exempts certain activities from "major Federal action" definition 4. **Transparency Requirements:** - Requires public posting of pending applications and processing status - Mandates annual reports on permit processing timelines - Requires publication of data on lease sales and permit approvals 5. **Judicial Limitations:** - Bars claims for judicial review of environmental decisions unless filed within 120 days - Limits challenges to environmental reviews to specific issues - Prohibits injunctions against lease sales unless imminent environmental harm is proven This bill represents a significant effort to accelerate energy development on public lands while reducing regulatory complexity and environmental review requirements, with particular emphasis on oil, gas, and geothermal projects.

This joint resolution nullifies a Department of Labor final rule entitled Adverse Effect Wage Rate Methodology for the Temporary Employment of H-2A Nonimmigrants in Non-Range Occupations in the United States and published on February 28, 2023. This rule makes changes to the methodology used to set adverse effect wage rates for H-2A workers (temporary agricultural workers), including by using Bureau of Labor Statistics wage surveys in certain instances. (Generally, the minimum wage for an H-2A worker is the highest of the adverse effect wage rate, the applicable minimum wage, the prevailing wage for that occupation in that area, or any agreed-upon collective bargaining wage.)