Maddy summaryThis bill changes how individual investors in mutual funds (regulated investment companies) are taxed on certain dividends. It allows investors to defer paying tax on capital gain dividends that are automatically reinvested in additional fund shares through a dividend reinvestment plan. The deferred tax is recognized later when the investor sells shares or upon their death. It also establishes that shares acquired through this reinvestment are treated as held for over one year from the start, potentially qualifying for long-term capital gains rates. The rule applies only to individual investors (not estates, trusts, or dependents claimed by others).
Rep. Robert E. Latta
Sponsored bills
Maddy summaryThis bill prohibits federal funding, support, or approval for research using human fetal tissue obtained from induced abortions. It allows research on tissue from miscarriages (under 20 weeks) or stillbirths (20+ weeks) under existing Public Health Service Act rules, and permits development of new cell lines for vaccines or genetic vectors if not derived from abortion tissue. The bill amends the Public Health Service Act to restrict federal research to tissue from miscarriages or stillbirths and clarifies definitions for terms like "miscarriage" and "stillbirth." It directly affects federal agencies like the NIH and researchers relying on federal grants for biomedical studies.
Maddy summaryThis is a non-binding resolution (HRES 206), not a legislative bill. It expresses the House's support for preserving the "stepped-up basis" tax provision (Section 1014 of the Internal Revenue Code), which allows heirs to reset the tax cost basis of inherited assets like farmland or business equipment to their current market value. The resolution cites that 98% of farms and 19% of businesses are family-owned, noting that eliminating this provision could increase taxes for 66% of midsized farms. It specifically urges opposition to new taxes on family farms and small businesses but does not change any tax law or policy.
Maddy summaryThe SPEED for BEAD Act (HR 1870) amends the federal broadband deployment program (BEAD) to accelerate network expansion. It defines "gigabit-level broadband" as 1,000 Mbps download speeds, requires unused funds to be returned to the Treasury instead of reallocated, and allows states to remove high-cost locations from project areas. The bill prohibits grant conditions related to labor practices (e.g., union requirements), diversity initiatives, climate policies, or network management rules, while ensuring all broadband technologies meeting speed standards are eligible. It also explicitly bans government regulation of broadband pricing, directly affecting states administering BEAD funds and the internet providers they fund.
Maddy summaryHJRES 66 is a congressional resolution seeking to reject an Environmental Protection Agency (EPA) rule related to Ohio's air quality program. Specifically, it targets the EPA's approval of Ohio's withdrawal of a technical amendment to its air plan, as published in the Federal Register on January 21, 2025. If passed, the resolution would block the EPA rule from taking effect under a specific federal procedure for congressional disapproval. This action directly affects Ohio's implementation of air quality regulations by preventing the EPA from formally approving the state's technical amendment change. The resolution does not create new policy but aims to halt a specific administrative action.
Maddy summaryHR 1787 authorizes the U.S. Mint to produce commemorative coins honoring baseball legend Roberto Clemente, including $5 gold, $1 silver, and half-dollar coins, with specific specifications for weight, size, and metal content. The bill requires the coins to feature Clemente's image and commemorative inscriptions, and mandates a surcharge ($35 for gold, $10 for silver, $5 for half-dollar) paid to the Roberto Clemente Foundation for its educational, youth sports, and disaster relief programs. All coins must be minted in 2027, sold at face value plus surcharge and production costs, and will be legal tender. The bill focuses solely on the coin program, not broader policy changes.
Federal Firearms Licensee Protection Act of 2025 This bill modifies criminal penalties for an offense involving the theft of a firearm from a licensed importer, manufacturer, or dealer, or from their business premises. Specifically, the bill does the following: increases from 10 to 20 years the maximum prison term, and creates a 3- or 5-year mandatory minimum prison term for an offense that occurs during the commission of a burglary or robbery. An attempt to commit an offense is subject to the same penalties as a substantive offense.
Maddy summaryHCONRES 16 is a concurrent resolution scheduling a joint session of Congress in Philadelphia, Pennsylvania, on July 2, 2026. The session will commemorate the 250th anniversary (semiquincentennial) of the Declaration of Independence, which was approved in Philadelphia on July 4, 1776. This ceremonial gathering at Independence National Historical Park follows past congressional meetings held outside Washington, D.C., for historical milestones, such as the 1987 Constitution bicentennial event. The bill does not create new laws or alter policies - it solely directs the timing and location of a commemorative event.
Maddy summaryHR 1651 would nullify a specific Environmental Protection Agency (EPA) rule finalized on May 9, 2024. This rule established emissions standards for greenhouse gases from new, modified, and reconstructed fossil fuel power plants, set guidelines for existing plants, and repealed the previous "Affordable Clean Energy Rule." The bill would make this EPA rule unenforceable, directly affecting fossil fuel power plants by removing these federal emissions requirements. It does not create new regulations but cancels an existing EPA rule.
Maddy summaryHR 250 requires the Joint Committee on the Library to procure a statue of Benjamin Franklin by December 31, 2025, and place it in a permanent, public-accessible location within the U.S. Capitol by December 31, 2026. The statue must be positioned to be viewable during guided Capitol tours offered by the Capitol Visitor Center. This is a procedural bill focused solely on the acquisition and placement of the statue, with no substantive policy changes or direct impact on constituents or laws.