Rep. Jimmy Panetta

Maddy summaryThis bill increases the income limit for deducting mortgage insurance premiums on federal income taxes. It raises the cap from $100,000 (single filers) / $50,000 (joint filers) to $200,000 / $100,000 annually, making this higher limit permanent. The change directly affects homeowners who itemize deductions and pay private mortgage insurance (PMI) premiums. The amendment applies to tax years beginning after December 31, 2021, as specified in the bill text.

Maddy summaryHR 1388 authorizes the minting of commemorative coins to honor the 1865 Sultana steamboat disaster, the deadliest maritime tragedy in U.S. history. It specifies three coin types ($5 gold, $1 silver, and half-dollar) with defined weights and compositions, to be sold at face value plus surcharges ($35, $10, and $5 per coin, respectively). All surcharges collected will fund the Sultana Historical Preservation Society for museum development, including exhibits, artifact preservation, and facility construction. The coins are legal tender but intended for collectors, with sales limited to a one-year period starting January 2023.

This resolution calls for the federal government to establish a national biodiversity strategy, which must include a goal of conserving at least 30% of U.S. lands and waters to protect biodiversity and address climate change by 2030 and other goals necessary to reduce the threats to biodiversity.

This resolution supports the designation of National FFA Week. It also (1) recognizes the important role of the National FFA Organization (Future Farmers of America) in developing the next generation of leaders who will change the world, and (2) celebrates the 90th anniversary of the iconic FFA jacket.

Maddy summaryThis bill allows asylum seekers not in detention to obtain work authorization 30 days after filing their asylum application, provided their application isn't deemed frivolous. It directly affects individuals seeking asylum in the U.S. who are awaiting a final decision on their case. The authorization remains valid until the asylum application receives a final denial, including any administrative or court appeals. This changes the prior system where many asylum seekers faced prolonged work restrictions while their cases were processed.

This bill treats Hurricane Ian (occurring on and after September 22, 2022) as a qualified disaster area for purposes of the disaster-related personal casualty loss tax deduction.

Maddy summaryHR 1322 expands federal retirement benefits to include specific non-traditional law enforcement roles. It adds IRS employees focused on tax collection, U.S. Postal Inspection Service staff, Department of Veterans Affairs police officers, and U.S. Customs and Border Protection seized property specialists to the definition of "law enforcement officer" under federal retirement systems. Current employees in these newly covered positions must elect to pay deposits for past service to receive full retirement credit, while their agencies must contribute additional funds for that past service. The bill also temporarily prevents mandatory separation for current law enforcement officers for three years after enactment.

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.

Maddy summaryThis bill authorizes the U.S. President to lend or lease defensive military equipment to Taiwan’s government to strengthen its ability to defend against potential aggression from China’s military, including scenarios like naval blockades, amphibious assaults, or missile strikes. It requires Taiwan to pay for damaged or lost equipment and to repay the U.S. for defense services or construction over 12 years, with interest rates subject to congressional review. The bill mandates a 90-day report to Congress assessing Taiwan’s defense needs, supply chain challenges, and timelines for delivering and integrating military equipment. It does not create new policy but establishes procedures for U.S. defense support to Taiwan under specific conditions.