Maddy summaryThe Rural Housing Service Reform Act of 2023 establishes a permanent program to preserve and revitalize rural affordable housing projects financed under sections 514, 515, and 516 of the Housing Act of 1949, directly affecting low-income rural residents and housing owners. It creates mechanisms for loan restructuring to maintain safe, affordable housing, including options like reducing interest rates, deferring payments, and subordinating debt. The bill also creates a new Native CDFI relending program to increase homeownership opportunities for Native American communities and extends the maximum term of direct loans from 30 to 40 years. Additionally, it establishes procedures for renewing rental assistance contracts for up to 20 years and adjusts the process for updating housing voucher amounts based on changes in household income or composition.
Sponsored bills
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.
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 summarySJRES 71 is a congressional resolution seeking to block an Environmental Protection Agency (EPA) rule that set emissions standards for the oil and natural gas sector. It directly targets the EPA's "Standards of Performance for New, Reconstructed, and Modified Sources" rule, which was published in the Federal Register on March 8, 2024. The resolution uses a specific disapproval process under federal law to declare the EPA rule "shall have no force or effect." This is a procedural action to overturn an existing regulation, not a new policy.
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.
This resolution designates the first week of April 2024 as National Asbestos Awareness Week. It also urges the Surgeon General to warn and educate people about asbestos exposure, which may be hazardous to their health.
Maddy summaryThis bill authorizes the U.S. government to confiscate Russian Central Bank assets already blocked under existing sanctions (via Executive Orders 14024, 14065, 14068, or 14071) and repurpose them to support Ukraine. Confiscated funds would be deposited into a new "International Response Fund" to finance military materials directly used for Ukraine's territorial defense, including compensating for previously provided aid. The fund must be used solely for defense-related materials procured by U.S. agencies, with the President required to report quarterly to Congress on fund usage. The bill does not create new sanctions but redirects existing blocked assets toward Ukraine's military needs.
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.