Sen. Ted Budd

Maddy summaryThis bill modifies U.S. tax code to boost research and development (R&D) investment by businesses. It allows companies to immediately deduct R&D costs (instead of amortizing them over 5 years) and expands refundable tax credits for small businesses, raising the annual credit cap from $250,000 to $750,000 by 2032. Small businesses with gross receipts under $15 million can now qualify for higher credit rates (up to 20% of R&D costs) and may exclude years with no R&D expenses when calculating credits. The changes apply to taxable years beginning after December 2022, directly benefiting R&D-focused startups and small businesses.

Maddy summaryThis joint resolution (SJRES 20) seeks to block a 2023 rule from the Department of Justice and Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) that classified certain firearms with stabilizing braces as rifles under federal law. If passed, it would nullify the rule, meaning firearms equipped with these braces would no longer be subject to the rule’s classification requirements. The resolution uses the congressional disapproval process under Title 5, U.S. Code, to stop the rule from taking effect, directly affecting firearm manufacturers and owners who use stabilizing braces on weapons.

Maddy summaryThis is a ceremonial Senate resolution (SRES 110) honoring the late James George Abourezk, the first Arab American to serve in the U.S. Senate (1973-1979) from South Dakota. It commemorates his legacy, including his work re-establishing the Senate Committee on Indian Affairs and co-authoring key Native American rights legislation like the Indian Child Welfare Act. The resolution directs the Senate to adjourn in his memory and send a copy to his family, acknowledging his service as a representative and advocate for Native American communities. As a procedural resolution, it has no legislative effect beyond commemoration.

Maddy summarySRES 107 is a non-binding Senate resolution recognizing that the Equal Rights Amendment (ERA), proposed by Congress in March 1972, expired when its 7-year ratification deadline passed without enough states approving it. It affirms that Congress has no constitutional authority to alter the terms of a proposed amendment after it is submitted to states or after it expires. The resolution cites legal precedents, including Supreme Court rulings and a 2020 Department of Justice opinion, stating that ratification deadlines are binding and cannot be extended retroactively. It concludes that any future effort to adopt the ERA would require a new congressional proposal, not modifications to the 1972 version. This resolution does not change current law or affect ongoing state ratification efforts for a new ERA proposal.

Maddy summaryS 805, the Fighting Trade Cheats Act of 2023, increases penalties for importers who commit customs fraud or gross negligence. It triples civil penalties for fraudulent violations (to three times the domestic value) and raises gross negligence penalties (up to ten times the domestic value), while adding a five-year import ban for fraudulent violators and a two-year ban for gross negligence. The bill also creates a new private lawsuit mechanism, allowing U.S. manufacturers, workers, or trade groups harmed by customs violations to sue violators for triple damages plus attorney fees. Additionally, it excludes individuals or related businesses found guilty of such violations from participating in the U.S. importer of record program. This directly affects importers who violate customs laws, U.S. businesses competing with fraudulent imports, and customs enforcement processes.

Maddy summaryThe SOAR Act requires high-altitude balloon operators (those flying above 10,000 feet) to install systems that continuously track and broadcast the balloon's altitude, location, and identity to air traffic controllers and other airspace users. Within 180 days of enactment, the FAA must form a committee with industry representatives and safety experts to recommend updates to existing FAA rules (like 14 CFR 91.215) for these tracking systems. The committee must submit its recommendations within 18 months, after which the FAA has 180 days to propose new regulations. Until final rules are issued, operators must comply with current FAA tracking standards for balloons.

Maddy summarySRES 100 is a ceremonial Senate resolution honoring James Thomas Broyhill, a former North Carolina Senator and longtime U.S. House member (1963-1986). It commemorates his career, including founding the Consumer Product Safety Commission and his service on the Overmountain Victory National Historic Trail legislation. The resolution directs the Senate to adjourn in his memory and send condolences to his family. As a commemorative resolution, it has no policy impact and solely serves to recognize his legacy.

Maddy summaryS 741, the Traveler's Gun Rights Act, amends federal gun law definitions to clarify where individuals are considered "residents" for background check purposes. It specifies that active-duty military members can use their duty station state or daily commute location as their "state of residence," and people without a physical home may use a mailbox address. The bill also requires background checks to include either a physical address or mailbox address for the buyer, ensuring consistent application across state lines. This directly affects travelers, military personnel, and individuals using mailboxes when purchasing firearms.

Maddy summaryThe Stop Forced Organ Harvesting Act of 2023 requires the U.S. government to address forced organ harvesting by mandating annual reports on the issue in foreign countries and allowing passport denial or revocation for individuals convicted of organ trafficking. It directs the President to impose sanctions - including asset blocking and visa bans - on individuals or entities involved in forced organ harvesting, with exceptions for humanitarian aid. The bill defines "forced organ harvesting" as organ removal by coercion, deception, or abuse of power, and "trafficking" as recruiting or transporting people for organ removal through similar means. These provisions aim to hold accountable those exploiting vulnerable individuals for organ removal.