Rep. Maria Elvira Salazar

Protecting Family and Small Business Tax Cuts Act of 2022 This bill makes permanent provisions affecting individual and business taxpayers that were enacted in 2017 by the Tax Cuts and Jobs Act and are scheduled to expire at the end of 2025. The bill makes permanent provisions that reduce individual and capital gain tax rates. The bill increases the standard tax deduction for individual taxpayers. It also increases and modifies the child tax credit and raises the contribution base for the tax deduction of charitable contributions. The bill allows additional contributions to ABLE accounts (tax-exempt accounts designed to enable individuals with disabilities to save and pay for disability-related expenses). It exempts from taxation combat zone benefits of members of the Armed Forces serving in the Sinai Peninsula of Egypt and the moving expenses of servicemembers. Additionally, the bill lowers to $750,000 the amount of mortgage debt eligible for an interest expense tax deduction; excludes from the gross income of student borrowers income attributable to the discharge after 2025 of loan debt due to death or disability; makes permanent the limitation on the tax deduction for state and local taxes and denies a deduction for foreign real property taxes; makes permanent the tax deduction of the income of certain pass-through business entities; repeals the tax deduction for personal tax exemptions and the exclusion of employer-provided bicycle commuter fringe benefits; terminates certain miscellaneous itemized tax deductions; doubles the estate and gift tax exemption amount; and makes permanent the increase of the alternative minimum tax exemption amount for individual taxpayers.

Blockchain Solutions for Small Businesses Act This bill requires the Small Business Administration to study the current and potential uses of blockchain technology (i.e., the technology that supports digital currencies such as Bitcoin) in making loans to qualified small businesses.

Preserving Accountability for National Assets Act of 2021 or the PANA Act This bill establishes the Venezuela Restoration Fund to strengthen democratic governance and institutions, defend human rights, support independent media outlets, and combat corruption and improve transparency in Venezuela. Any funds or assets forfeited to the United States by an individual or entity connected to the regimes of Hugo Chávez and Nicolás Maduro in Venezuela will be deposited into this fund.

This bill requires the Office of the Director of National Intelligence to report annually to Congress on investments by China's government (and affiliated entities) in port infrastructure in the Western Hemisphere. The reports must include assessments of whether such infrastructure may be leveraged for military purposes and any implications for the United States.

Maddy summaryHR 6518 would establish a new office within the U.S. Department of State, led by a Special Envoy, to address the global rise of authoritarian socialism and communism. The bill amends the State Department Basic Authorities Act to create this position, specifying it as a permanent part of the Department's structure. This change directly affects the Department of State by adding a dedicated leadership role focused on monitoring and countering these political systems internationally. The bill does not detail specific actions or policies for the office, only its creation and leadership structure.

Child Tax Credit for Pregnant Moms Act of 2022 This bill allows a child tax credit for an unborn child who is born alive. It also allows the credit upon certification that a mother's pregnancy resulted in a miscarriage (the involuntary death of an unborn child who was carried in the womb for less than 20 weeks) or that the child was stillborn (the involuntary death of an unborn child who was carried in the womb for 20 weeks or more).

This bill makes emission mitigation projects that support the use of land-based power sources to supply energy to passenger vessels at berth (i.e., shore power) eligible for grants through the Port Infrastructure Development Program. (This program provides competitive grants for projects to improve the safety, efficiency, or reliability of the movement of goods into, out of, around, or within a port.)

National Climate Adaptation and Resilience Strategy Act This bill requires the President to identify or appoint a Chief Resilience Officer that must (1) direct a government-wide effort to build resilience to climate change vulnerabilities in the United States in collaboration with existing federal initiatives and interagency adaptation efforts, and (2) create working groups. The officer and the working groups must jointly submit to the President and Congress a strategy for the government to address such vulnerabilities in partnership with nonfederal partners, a plan to implement the strategy, and updates by specified deadlines.

This resolution expresses support for the goals and ideals of PCOS Awareness Month. Polycystic ovary syndrome (PCOS) is caused by a hormone imbalance. Symptoms can include infertility, weight gain, excess hair growth, and acne.

Irresponsible Olympic Collaboration Act or the IOC Act This bill eliminates the tax exemption for any organization or entity whose primary purpose is the promotion of international, multi-sport, athletic competitions, and that has gross receipts in in excess of $100 million for any of the 3 preceding taxable years (e.g., the International Olympic Committee).