Rep. Janice D. Schakowsky

Maddy summaryHR 4870, the Wall Street Tax Act of 2023, imposes a 0.1% tax on most securities transactions occurring on U.S. exchanges or involving U.S. persons. It directly affects financial institutions, brokers, and investors participating in covered transactions like stock, bond, and derivative trades. The tax applies to the fair market value of transactions (excluding initial security issuances and short-term debt under 100 days), with payment responsibility falling on U.S. exchanges, brokers, or U.S. parties depending on the transaction type. Exceptions include certain real property contracts, insurance products, and derivatives used in normal business operations. The tax takes effect for transactions after December 31, 2023.

Shareholder Political Transparency Act of 2023 This bill requires an issuer of securities to disclose information related to expenditures for political activities. Specifically, issuers must disclose quarterly any such expenditure, including by identifying any candidate the expenditure was made in relation to and any trade association or other tax-exempt organization that received dues or other payments that may be used for political activities. Annually, issuers must report on expenditures for political activities made in the previous year over $10,000 and information related to anticipated expenditures for the next year. The Government Accountability Office must report on the effectiveness of the Securities and Exchange Commission's oversight of these reporting and disclosure requirements.

Maddy summaryHR 4889, the Raise the Wage Act of 2023, would gradually increase the federal minimum wage for most workers to $15.50 per hour by 2027, with specific annual targets: $9.50 starting in 2023, rising to $11.00 after one year, $12.50 after two years, and $15.50 after four years. It would also phase out the separate lower minimum wage for tipped employees (starting at $6.00/hour) by aligning their pay with the regular minimum wage by 2028, while requiring employers to let workers keep all tips. The bill includes similar phased increases for workers under 20 and transitions toward fairer wages for workers with disabilities under special certificates, which would sunset after 2028. Future annual increases after 2028 would tie the minimum wage to the median hourly wage of all workers.

Maddy summaryThe CHIPP Act (HR 4771) permanently extends federal funding for the Children's Health Insurance Program (CHIP), which provides health coverage to low-income children in families that earn too much to qualify for Medicaid but cannot afford private insurance. It removes previous expiration dates (like 2029) from CHIP funding provisions, ensuring continuous support for states administering the program. The bill also permanently extends related programs, including pediatric quality measures funding with automatic inflation adjustments, and modifies eligibility rules to allow states to expand coverage for children in higher-income households. This affects all 50 states that run CHIP programs and the millions of children and families who rely on this coverage.

Maddy summaryHR 4769, the PFAS Alternatives Act, funds research and training to develop PFAS-free turnout gear for firefighters. It authorizes $25 million annually (2024-2028) for grants to eligible organizations to research, develop, and test next-generation gear without per- and polyfluoroalkyl substances (PFAS), which are linked to firefighter cancer risks. The bill requires partnerships with firefighting organizations to ensure research translates into practical training and gear care guidance, including decontamination protocols. It also allocates $2 million yearly for training programs on proper gear use and maintenance, aiming to reduce exposure to hazardous chemicals during fire operations.

Maddy summaryHR 4785, the Fracturing Responsibility and Awareness of Chemicals Act of 2023, requires oil and gas companies conducting hydraulic fracturing operations to disclose detailed chemical information to state agencies or the EPA. Specifically, companies must provide a pre-operation list of chemicals (including CAS numbers and volumes) and a post-operation report of chemicals actually used, which states must then make publicly available online. The bill also mandates immediate disclosure of proprietary chemical formulas to medical personnel during emergencies, without requiring prior written consent. It explicitly excludes natural gas storage from the definition of hydraulic fracturing. This bill directly affects oil and gas operators and state environmental agencies managing disclosure requirements.

Maddy summaryThis bill, the CLOSE Act (HR 4782), removes a loophole that allowed oil and gas facilities to aggregate emissions from multiple sources when calculating pollution levels under federal law. It requires the EPA to add hydrogen sulfide - a pollutant linked to health harm - directly to the list of hazardous air pollutants within 180 days of the bill becoming law. The EPA must then, within a year, define specific categories of oil and gas wells and other sources that emit hydrogen sulfide. This change directly affects oil and gas operators by subjecting hydrogen sulfide emissions from their facilities to stricter federal pollution controls.

Maddy summaryThe FRESHER Act of 2023 requires the Secretary of the Interior to study stormwater runoff impacts from oil and gas operations on environmental contamination and groundwater resources. The study must analyze measurable contamination levels, groundwater conditions, and aquifer vulnerability to contamination in affected areas. The Secretary must complete the study and submit a report to Congress within one year of the bill’s enactment. This bill does not impose new regulations on the oil and gas industry but mandates a federal review to inform future environmental policy decisions.

Maddy summaryThe CLEANER Act of 2023 requires the Environmental Protection Agency (EPA) to evaluate within one year of enactment whether waste from oil, gas, and geothermal energy production - such as drilling fluids and produced waters - is hazardous. If determined hazardous, these wastes must be listed and regulated under existing hazardous waste rules, with potential modifications to address their unique properties while ensuring health and environmental protection. For non-hazardous waste from these sources, the EPA must establish new facility requirements, including groundwater monitoring, location standards, and financial assurance for cleanup. This bill directly affects oil, gas, and geothermal energy producers and facilities handling such waste.

Maddy summaryHR 4811 requires oil, gas, and geothermal companies conducting hydraulic fracturing (fracking) operations to test nearby underground drinking water sources before, during, and after activities. It mandates testing at specific intervals (e.g., before starting operations, every 6 months during operations, and annually for five years post-operation) and submitting results to the EPA within two weeks. Companies must test using EPA-certified labs for contaminants linked to fracking, with results stored in a public, searchable EPA database by ZIP code. The requirement does not apply if no accessible drinking water source exists within one mile of the site. The bill amends the Safe Drinking Water Act to establish these testing and reporting obligations.