Rep. Michelle Steel

Maddy summaryHR 1794 authorizes the minting of commemorative coins to honor the 2028 Los Angeles Olympic and Paralympic Games. It specifies four coin types ($5 gold, $1 silver, half-dollar clad, and proof silver $1) with defined weights, sizes, and mintage limits (e.g., up to 100,000 gold coins). A surcharge is added to each coin sale (e.g., $35 for gold coins), with all surcharge funds directed to the U.S. Olympic and Paralympic Properties to support legacy programs and the Games' operations. The coins must be issued only during 2028 and are legal tender, though the bill focuses solely on commemorative coinage, not policy changes.

Let Experienced Pilots Fly Act of 2023 This bill raises the mandatory retirement age for pilots engaged in commercial aviation operations from 65 to 67 years of age, unless the operation takes place in (1) the territorial airspace of a foreign county where such operations are prohibited by the foreign country, or (2) international airspace where such operations are not in compliance with the Annexes to the Convention on International Civil Aviation. The Federal Aviation Administration must also submit a report to Congress on further increasing the age limitation for pilots engaged in commercial aviation operations.

Maddy summaryHCONRES 28 is a symbolic resolution expressing Congress's view that tax-exempt fraternal benefit societies - organizations providing life, health, and accident benefits to members - have long delivered critical community support. It states these societies, with about 7 million members nationwide, generate significant annual value through charitable work and volunteer activities (estimated at over $3.8 billion yearly). The resolution affirms that their tax-exempt status under Section 501(c)(8) of the tax code is essential for sustaining their volunteer-driven model and relieving pressure on government safety programs. As a non-binding expression of congressional sentiment, it does not alter existing laws or create new obligations.

Maddy summaryH.J. Res. 30 seeks to block a Department of Labor rule that would have required retirement plan managers (like those handling 401(k)s) to follow strict "prudence and loyalty" standards when selecting investments and voting on company matters. The rule, published in December 2022, aimed to protect retirement savings by ensuring fiduciaries prioritize participants' interests. This resolution, if passed, would prevent the rule from taking effect, avoiding new compliance requirements for retirement plan managers and sponsors. It directly affects retirement plan administrators and the millions of participants in these plans.

This resolution supports the preservation of the stepped-up basis tax rule that allows recipients of inherited assets such as land, equipment, or buildings to adjust the cost basis of the assets to reflect their fair market value. The resolution opposes any efforts to impose new taxes on family farms or small businesses and recognizes the importance of generational transfers of farm and family-owned businesses.

Maddy summaryThe Kids in Classes Act requires states receiving Title I federal education funds to provide those funds directly to parents and guardians if in-person instruction is unavailable for more than three days during a school year due to public health emergencies or collective bargaining actions. This provision allows families to use the money for educational expenses such as tutoring, curriculum materials, online learning resources, private school tuition, and educational therapies for students with disabilities. The bill is designed to ensure that disadvantaged students, who are disproportionately affected by school closures, continue to receive educational support when regular classroom instruction is not available. By mandating that Title I funds follow eligible children, the legislation aims to prevent widening educational gaps between low-income students and their peers during periods when schools cannot operate normally.

Maddy summaryThe PHIT Act of 2023 allows individuals and families to deduct certain fitness expenses as medical costs on their federal taxes. It covers gym memberships, fitness classes, and specific equipment used exclusively for exercise (like home workout gear), with a yearly limit of $1,000 ($2,000 for joint returns). Expenses for activities like golf, hunting, or non-exercise-focused facilities (e.g., private clubs) are excluded, and equipment must be used solely for physical activity. This directly affects taxpayers who pay for qualifying fitness programs, making these costs partially tax-deductible under revised IRS rules.

Maddy summaryHR 1524 (FAIR Act of 2023) prohibits federal agencies, contractors, and recipients of federal funds from intentionally discriminating against or granting preferences based on race, color, or national origin. It directly affects federal contractors, state/local entities receiving federal aid, and educational institutions using federal funds by banning preferential treatment (including quotas or set-asides) in contracts, employment, and admissions. Key provisions require federal agencies to review and update policies within six months of enactment to comply with the ban. The bill does not impact immigration laws or pending cases/contracts but allows civil lawsuits for violations with remedies like back pay and attorney fees.

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 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.