Sen. John Hoeven

Maddy summaryThis bill amends the Higher Education Act of 1965 to exempt certain family-owned assets from financial need calculations for college students. Specifically, it removes the net value of a family farm (where the family resides) or a small business (with 100 or fewer full-time equivalent employees) owned and controlled by the family from being counted as assets when determining federal financial aid eligibility. The change applies to need analysis for award years starting after the bill's enactment date. This policy directly affects students from qualifying family farms or small businesses when applying for federal student aid under Title IV programs.

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 beyond 2025 (replacing "2020 through 2025" with "2020 and each calendar year thereafter") and adds automatic annual inflation adjustments to the credit amount starting in 2026. The bill also provides tax relief by allowing NMTC credits to offset the alternative minimum tax, specifically for investments made after December 2024. This directly affects community development financial institutions (CDFIs) and investors who fund projects in designated low-income areas.

Maddy summaryThis bill creates a permanent program to cover tuition and educational expenses for Air National Guard members who meet their training requirements. It requires the Air Force Secretary to use existing authority under federal law (10 U.S.C. §2007) to pay for these costs, replacing temporary or inconsistent approaches. The program directly affects active-duty Air National Guard members who comply with their training obligations under 32 U.S.C. §502(a). This is a concrete policy change to standardize and ensure ongoing tuition assistance, not a new funding source or eligibility expansion.

Maddy summaryThis bill requires mandatory country of origin labeling for beef products, including ground beef, so consumers can see where their beef comes from. It updates existing labeling rules under the Agricultural Marketing Act of 1946 to specifically include beef (and ground beef) alongside other meats. The law directs the U.S. Trade Representative and Agriculture Secretary to find a World Trade Organization-compliant way to reinstate this labeling within a year of enactment. It directly affects beef producers, retailers, and consumers by changing how beef packaging must identify its country of origin.

Maddy summaryThis bill amends the federal tax credit for carbon capture (Section 45Q) to expand eligibility for companies capturing carbon dioxide. It adds new qualifying uses for the credit, including using captured carbon as a "tertiary injectant" in oil/gas extraction projects and certain other storage methods. The credit amount is set at $17 per metric ton for 2025-2026, then adjusted annually for inflation after 2026. The changes apply to tax years beginning after December 31, 2024, directly affecting businesses engaged in carbon capture and storage.

Maddy summaryS 383 (the JOBS Act of 2025) expands Federal Pell Grant eligibility to students enrolled in certain short-term job training programs at eligible institutions of higher education. The bill creates a "job training Federal Pell Grant" for programs meeting specific criteria: 150-600 clock hours over 8-15 weeks, aligned with high-demand industry sectors, and leading to recognized postsecondary credentials that meet employer hiring requirements or licensure prerequisites. It also lowers the minimum Pell Grant award from 10% to 5% of the full annual amount. This directly affects students seeking career-focused training and institutions offering qualifying programs that validate industry partnerships.

Maddy summaryThe Fair Access to Banking Act (S 401) prohibits large financial institutions ($10 billion+ in assets) and payment networks from denying services to lawful businesses based on political or reputational factors, such as the type of legal business they operate. It requires banks to justify denials using objective, risk-based standards instead of category-based decisions, and mandates written explanations for denials. The law enables lawsuits against violators with treble damages and civil penalties up to 10% of service value (capped at $10,000 per violation). It directly affects major banks, payment processors, and credit unions that serve large-scale customers, ensuring fair access for businesses operating within federal law.

Maddy summaryS 364, titled the "Hearing Protection Act" (though it regulates firearm silencers, not hearing protection), changes federal law to treat firearm silencers like firearms for tax and regulatory purposes. It imposes a 10% federal tax on silencers (similar to firearms), preempts state laws that tax or regulate silencers beyond federal rules, and requires the destruction of existing silencer registration records within one year. The bill clarifies definitions of "firearm silencer" in federal law and modifies licensing requirements for these devices. This directly affects silencer owners, manufacturers, and state governments that previously imposed additional restrictions or taxes.

Maddy summarySRES 49 is a ceremonial Senate resolution designating the week beginning February 3, 2025, as "National Tribal Colleges and Universities Week." It recognizes Tribal Colleges and Universities (TCUs), which serve over 230 federally recognized tribes and provide culturally grounded education to Native and non-Native students in underserved communities. The resolution calls for public observance through activities that highlight TCUs' role in preserving indigenous languages, supporting tribal communities, and preparing students for the workforce. This symbolic measure does not create new laws or allocate funding, but aims to raise national awareness of TCUs' contributions.

Maddy summaryThis bill, S 317 (Charitable Act), creates a new federal income tax deduction for charitable contributions for individuals who do not itemize deductions (the majority of taxpayers). It allows these taxpayers to deduct up to one-third of their standard deduction amount for charitable gifts in 2026 and 2027. The bill also eliminates penalties related to charitable deduction errors under tax code sections 6662 and 6664. The changes apply to tax returns filed for 2026 and 2027 tax years.