Maddy summaryHR 1414, the Keep Innovation in America Act, clarifies the definition of "broker" under tax law to include entities facilitating digital asset sales at customer direction, directly affecting digital asset exchanges and platforms. It defines "digital asset" as value recorded on a secure ledger and requires brokers to report certain transactions involving digital assets starting in 2025. The bill also mandates a Treasury study on treating digital assets as "cash" under specific tax rules, analyzing privacy, innovation, and competitiveness impacts. These changes aim to align tax reporting with digital asset technology while avoiding burdens on non-broker developers like miners or validators.
Rep. Eric Swalwell
Sponsored bills
Maddy summaryHR 1321, the "More Homes on the Market Act," increases the tax exclusion for gains from selling a primary residence. It doubles the exclusion amount from $250,000 to $500,000 for single filers and from $500,000 to $1,000,000 for married couples filing jointly. The bill also adds automatic annual inflation adjustments to these amounts starting in 2023, ensuring the exclusion keeps pace with rising costs. This change directly affects homeowners who sell their primary residence and meet the ownership and use requirements under current tax law. The policy modifies the Internal Revenue Code to make selling a home less financially burdensome for qualifying homeowners.
Maddy summaryThe Military Spouse Hiring Act expands the Work Opportunity Tax Credit to include military spouses. Employers who hire a spouse of an active-duty military member - certified by a local agency as meeting eligibility requirements on the hiring date - can claim this tax credit. The credit reduces the employer's federal tax liability for hiring such individuals. This provision applies to new hires after the bill's enactment date.
Reparations for Ukraine through Sovereign nation Support and Integration Act or the RUSSIA Act This bill directs the President to seek to enter into an agreement with other countries that have frozen the assets of Russia's central bank to (1) transfer the frozen assets into a single account at an international financial institution, and (2) distribute such assets to provide for the reconstruction of Ukraine after the cessation of hostilities in Ukraine.
Maddy summaryHR 1247 would award a Congressional Gold Medal to the Freedom Riders collectively, honoring their pivotal role in challenging segregation in interstate travel during the Civil Rights movement. The medal, to be struck by the U.S. Mint and displayed at the Smithsonian Institution, recognizes their nonviolent protests that led to the 1961 federal ban on segregation in interstate public facilities. This is a symbolic tribute with no legal effect, as the bill does not create new policies or alter existing laws.
Maddy summaryThe Richard L. Trumka Protecting the Right to Organize Act of 2023 strengthens workers' rights to organize unions by making it harder for employers to interfere with organizing efforts. Key provisions include changing the definition of "employee" to make it more difficult to classify workers as independent contractors, prohibiting employers from threatening to permanently replace striking workers, and requiring employers to provide voter lists for union elections. The bill also creates a new electronic voting system for union elections, strengthens whistleblower protections for workers reporting labor violations, and increases penalties for unfair labor practices. These changes directly affect workers seeking to form unions, employers who may interfere with organizing, and labor organizations. The bill aims to make it easier for workers to exercise their right to collective bargaining under the National Labor Relations Act.
Maddy summaryHRES 132 is a non-binding House resolution expressing condolences for the over 36,000 earthquake victims in Türkiye and Syria and commending humanitarian response efforts. It specifically condemns the Assad regime for obstructing aid delivery and exploiting the disaster, urging the Biden administration to open all UN border crossings for aid and prevent U.S.-funded assistance from being diverted to Syria’s government. The resolution also calls for continued enforcement of the Caesar Syria Civilian Protection Act to protect Syrian civilians. As a symbolic resolution, it does not create new law but formally directs the administration’s diplomatic approach to the crisis.
Maddy summaryHR 1181 would limit pollution discharge permits under the Clean Water Act to 10 years for state and municipal programs, and 5 years for all other polluters like industrial facilities. This changes how long permits remain valid before requiring renewal, directly affecting wastewater treatment plants, factories, and state environmental agencies. The bill does not alter pollution standards or requirements, only the maximum duration of permits. It amends the Federal Water Pollution Control Act to establish these fixed terms.
Maddy summaryThe Department of Peacebuilding Act of 2023 would establish a new Cabinet-level Department of Peacebuilding within the executive branch of the U.S. government. The department would include multiple offices focused on domestic and international peacebuilding, violence prevention, peace education, and conflict resolution, with specific offices dedicated to areas like peace education, domestic activities, international activities, technology, arms control, and human rights. It would create a Secretary of Peacebuilding position and require the department to develop policies addressing root causes of violence, promote nonviolent conflict resolution, and collaborate with existing federal agencies. The bill would mandate annual reports on progress toward peace in the United States and require consultation with other departments on matters related to conflict prevention and peacebuilding.
Maddy summaryHR 724, the Arctic Refuge Protection Act, repeals the existing oil and gas program for the Arctic National Wildlife Refuge in Alaska and designates approximately 1.56 million acres of the refuge's coastal plain as federal wilderness. This bill directly affects the Arctic Refuge by permanently prohibiting oil and gas leasing and development in that specific area. The key mechanism is adding the designated land to the National Wilderness Preservation System under the Wilderness Act, requiring it to be managed for its natural conditions. This change legally protects the area from future fossil fuel extraction activities.