Maddy summaryThis bill permanently extends the New Markets Tax Credit (NMTC) program, which incentivizes private investment in low-income communities. It modifies the tax code to keep the credit available indefinitely (replacing the previous 2020-2025 timeframe) and adds automatic annual inflation adjustments to the credit amount. The extension specifically benefits community development financial institutions (CDFIs) and investors who make qualified equity investments in designated low-income areas. It also provides relief from the alternative minimum tax for credits tied to investments made after December 2022.
Sponsored bills
Maddy summarySJRES 61 is a joint resolution seeking congressional disapproval of a Federal Highway Administration rule that established performance measures for the National Highway System, including a requirement to track greenhouse gas emissions from highway activities. The rule, published in December 2023, would have mandated that states and federal agencies assess highway performance using this emissions metric. If enacted, the resolution would block the rule from taking effect, preventing the implementation of the emissions tracking measure. This action is pursued under the Congressional Review Act, which allows Congress to reject federal regulations with a simple majority vote.
Maddy summaryThis resolution (SRES 638) calls on the Taliban to immediately release Ryan Corbett, a U.S. citizen wrongfully detained since August 2022 while visiting Afghanistan for business. It condemns the Taliban's detention of Corbett - held in a small cell under poor conditions without charges - and urges U.S. officials to prioritize his release. The resolution also demands the Taliban stop detaining Americans for political gain and calls for the release of other U.S. citizens wrongfully held in Afghanistan. As a symbolic congressional action, it does not create new law but expresses formal support for Corbett and his family.
Maddy summaryThe Honoring Veterans' Legacies and Burial Benefits Enhancements Act establishes the National Cemeteries Foundation to support educational programs sharing veterans' stories at national cemeteries through donations and partnerships. It allows single headstones or markers for groups of veterans buried together and requires proof of preference for cardboard burial containers. The bill expands eligibility for government-furnished headstones for Medal of Honor recipients, creates permanent authority for memorials for spouses and children who predeceased veterans, and modifies burial benefits to include veterans with "other than dishonorable" service as documented by a general court-martial convening authority. These changes primarily affect veterans' families, national cemeteries, and the Department of Veterans Affairs in administering burial benefits.
Maddy summaryThe Countering Antisemitism Act establishes a National Coordinator within the Executive Office of the President and an Interagency Task Force to coordinate federal efforts against antisemitism across government agencies. The bill requires annual threat assessments of antisemitic violent extremism from the FBI, DHS, and National Counterterrorism Center, and mandates reports from relevant agencies on implementing the U.S. National Strategy to Counter Antisemitism. It also requires the Department of Education to designate a senior officer to address antisemitic discrimination in higher education and to report on complaints, while directing a study on Holocaust education in schools. Additionally, the legislation amends the Nonprofit Security Grant Program to require public reporting on grant applications and awards, and designates May as Jewish American Heritage Month.
Maddy summaryThe Revoke Iranian Funding Act of 2023 revokes existing licenses and exemptions that permitted U.S. funds to be released to Iran for humanitarian purposes, including the $6 billion South Korea transfer in September 2023, and blocks the Treasury from issuing new such licenses for one year. It also rescinds a specific waiver issued by the State Department in September 2023 that allowed humanitarian funding. The bill requires the Treasury to report within 30 days on Iranian assets held in the U.S. and current licenses related to Iran sanctions, directly affecting Iran's government and entities linked to its military, nuclear program, or terrorist groups like Hamas. This targets financial transactions involving Iran's accounts in Qatar and aims to prevent funds from being diverted to support terrorism.
Maddy summaryThe FEND Off Fentanyl Act authorizes sanctions against foreign individuals and entities involved in trafficking fentanyl and its precursors into the United States, with specific focus on transnational criminal organizations like Mexican cartels and the flow of precursor chemicals from China. It requires the President to submit annual reports to Congress on actions taken under the law and designates fentanyl-related transactions as a primary money laundering concern for financial institutions. The bill also repeals a prohibition on imposing sanctions related to importation of goods under previous fentanyl sanctions law. It aims to increase financial costs for traffickers by blocking assets and prohibiting transactions involving sanctioned persons.
Maddy summaryThis joint resolution seeks congressional disapproval of a Consumer Financial Protection Bureau (CFPB) rule that would have limited credit card penalty fees under Regulation Z. If approved, the resolution would block the rule from taking effect, meaning credit card companies would not be required to comply with the proposed fee restrictions. The measure uses a standard congressional review process under federal law to invalidate the rule, which was submitted to Congress in March 2024. This directly affects credit card issuers by allowing them to maintain current penalty fee practices without new federal limits.
Maddy summaryThis joint resolution (SJRES 62) seeks congressional disapproval of a specific rule issued by the Animal and Plant Health Inspection Service (APHIS) regarding the importation of fresh beef from Paraguay. The resolution targets the rule published in the Federal Register on November 14, 2023 (88 Fed. Reg. 77883), which would have allowed such imports. If passed, the resolution would nullify that rule, preventing it from taking effect under procedures outlined in Title 5, U.S. Code. This action directly affects U.S. meat import regulations and the beef industry, specifically halting the implementation of the Paraguayan beef import rule.
Maddy summaryThis Senate resolution states that the U.S. Senate believes Israel has the inherent right to defend itself and take necessary steps to eradicate the terrorist threat posed by Hamas. It also declares that any U.S. government official calling for elections in Israel would constitute electoral interference. As a non-binding resolution, it does not create new laws but expresses congressional support for Israel’s security actions and sets a position on U.S. involvement in Israeli electoral matters. The resolution was introduced in March 2024 by multiple senators.