Maddy summaryThe ACRE Act of 2025 excludes interest income from certain rural and agricultural loans from taxable income for specific lenders. It directly affects qualified lenders (like banks, farm credit institutions, and insurance companies) and borrowers securing loans for rural property, including single-family homes in rural areas or agricultural land. Key provisions allow lenders to not count interest on qualifying loans as taxable income, provided the loans are secured by eligible rural/agricultural property, don’t exceed $750,000 for single-family homes, and avoid "foreign adversary entities" (like China, Russia, or Iran). The bill also requires a Treasury report on the policy’s impact after five years.
Sponsored bills
Maddy summarySCONRES 8 is a Senate concurrent resolution supporting the Local Radio Freedom Act. It urges Congress not to impose a new fee or charge on local radio stations for playing music over the air, or on businesses like bars and restaurants that play radio broadcasts publicly. The resolution argues that such a fee would disrupt the current system where radio stations provide free promotional support to the music industry and essential local services like emergency weather updates. It claims the existing model has fostered a thriving music and broadcasting sector without harming small businesses or consumers. This resolution does not create law but expresses congressional support for maintaining the current fee-free system.
Maddy summaryThis bill establishes a federal research program to improve the identification, plugging, and repurposing of abandoned oil and gas wells. It directs the Secretary to create a program focused on developing better remote sensing technologies, understanding methane emissions from wells, and finding cost-effective methods for plugging and repurposing wells (like for geothermal energy). The program requires coordination with universities, national labs, and private companies, and authorizes $30 million in 2026 increasing to $35 million by 2030. It directly affects federal agencies managing energy and environmental programs, and aims to address environmental risks from wells no longer in use.
Maddy summaryThis bill amends federal education law to prohibit federally funded athletic programs from allowing individuals assigned male at birth to participate in sports designated for women or girls. It defines "sex" for this purpose as biological sex at birth, based on reproductive anatomy and genetics. The law directly affects schools, colleges, and sports organizations receiving federal funding. Violations would constitute a breach of Title IX, requiring programs to exclude individuals whose sex is male from women's or girls' athletic teams.
Maddy summaryThis joint resolution (SJRES 12) seeks to block an Environmental Protection Agency (EPA) rule that established procedures for a "Waste Emissions Charge" affecting petroleum and natural gas systems. Specifically, it targets the EPA's November 2024 rule (89 Fed. Reg. 91094) which outlined compliance methods like netting and exemptions for emissions charges. If passed, the resolution would formally disapprove the rule under federal law (Chapter 8 of Title 5, U.S. Code), preventing it from taking effect. The bill directly affects the oil and gas industry by removing a specific regulatory framework for emissions reporting and fees. This is a procedural disapproval measure, not a new policy.
Maddy summaryS 807, the Guarding Readiness Resources Act, clarifies how the National Guard Bureau handles reimbursement funds from states and territories. It requires that money received from states (like California or Puerto Rico) for using military property must be returned to the specific account that covered the original costs or a similar account. These funds can only be used by the Department of Defense for repairing, maintaining, replacing, or similar upkeep of assets directly used by National Guard units during state duty. The bill directly affects the National Guard Bureau and state/territorial governments managing these reimbursements.
This resolution recognizes Black History Month as an opportunity to reflect on U.S. history and to commemorate the contributions of African Americans. It calls for the United States to (1) honor the contribution of pioneers who helped to ensure its legacy; and (2) move forward as a nation "indivisible, with liberty and justice for all."
Maddy summaryThis bill updates the fund supporting victims of state-sponsored terrorism by directing specific funds into the compensation pool. It requires $898 million from the Binance forfeiture case and annual transfers of 50% of excess balances from DOJ and Treasury forfeiture funds to the Victims of State Sponsored Terrorism Fund. Payments to eligible claimants must be distributed by March 14, 2025, for the fifth round, with future annual payments starting in 2026. The bill mandates detailed annual reports on fund activity from the Attorney General and a GAO report on forfeiture proceeds, focusing on transparency and accountability for victims.
Maddy summaryS 722 exempts certain oil and gas drilling operations from Bureau of Land Management (BLM) permitting requirements under specific conditions. It applies when the federal government owns less than 50% of minerals in a drilling unit and doesn't control the surface, or when wells on non-federal land intersect federal mineral leases without producing from them. The bill requires lessees to notify BLM about drilling plans and provide access agreements for inspections, but does not affect royalty payments or apply to tribal lands. This changes BLM's authority to impose bonds, enter private land, or require mitigation for these specific drilling scenarios.
Maddy summaryThis bill defines "sanctuary jurisdiction" as a state or local government that prohibits sharing immigration status information with federal authorities or refuses to comply with federal immigration detainers (requests to hold individuals for immigration enforcement). It makes such jurisdictions ineligible for specific federal grants, including Economic Development Administration funds and Community Development Block Grants, by requiring that grant projects be located in areas not designated as sanctuary jurisdictions. Jurisdictions found to be sanctuary jurisdictions must return any grant funds received during the period they were designated as such and cannot receive future funds until compliance is achieved. The bill takes effect on October 1, 2025.