Rep. Ann Wagner

Maddy summaryThe Strong Communities Act of 2023 creates a new grant program to fund law enforcement training. It provides competitive grants to local law enforcement agencies, allowing them to send officers and recruits to training programs at eligible entities (like colleges or police departments). To receive training benefits, participants must agree to serve full-time in their local community for four years within a specified distance from their long-term residence (7 miles or 20 miles depending on county size). Failure to complete this service requires repayment of the training benefits received.

Maddy summaryThis bill authorizes the U.S. President to sell up to two nuclear-powered attack submarines (Virginia-class) from the U.S. Navy inventory to Australia over a 15-year period to support the AUKUS security partnership. It requires Australia to cover all costs, including repairs performed at U.S. shipyards, and mandates detailed certifications to Congress on national security impacts, U.S. industrial capacity, and Australia's ability to operate the submarines. The bill also requires annual reports for 15 years on submarine transfers, defense service exports, and production schedules. This directly affects Australia's naval capabilities and U.S.-Australia defense cooperation under the AUKUS framework.

Maddy summaryThis bill directs the U.S. Treasury to mint commemorative coins marking the Marine Corps' 250th anniversary in 2025. It authorizes three coin types: $5 gold coins (max 50,000), $1 silver coins (max 400,000), and half-dollar coins (max 750,000), with surcharges of $35, $10, and $5 respectively. The surcharge proceeds will fund the Marine Corps Heritage Center's educational programs, with no net cost to taxpayers as the Treasury must recover all minting costs through the surcharges. The coins can only be issued during 2025, and the Treasury must ensure all costs are covered before distributing funds to the Heritage Foundation.

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 summaryThe Taiwan Tax Agreement Act of 2023 authorizes the President to negotiate a tax agreement with Taiwan through the American Institute in Taiwan (AIT), aiming to reduce double taxation and prevent tax evasion for U.S. and Taiwanese businesses and investors engaged in cross-border trade and investment. The agreement must follow standard U.S. tax treaty practices (like the 2016 Model Convention), exclude entities based in China or without a U.S. tax treaty, and include anti-evasion measures. Before taking effect, Congress must approve the agreement via a specific concurrent resolution that simply states approval without debate or amendments.

Maddy summaryThis bill modifies federal sentencing for youth under 18 who were trafficked, abused, or assaulted before committing a violent offense. It allows courts to sentence below statutory minimums and suspend portions of sentences to account for trauma, applying only to cases with clear evidence of prior victimization under specific laws (like sex trafficking). The law directs the U.S. Sentencing Commission to update guidelines to align with these changes, effective only for convictions after the bill’s enactment. It directly affects juvenile offenders with documented prior victimization, focusing on trauma-informed sentencing rather than standard penalties.

Maddy summaryHR 4721, the Main Street Tax Certainty Act, makes a permanent the 20% tax deduction for eligible small business owners under Section 199A of the tax code. This provision directly affects pass-through business owners (like S-corps, partnerships, and sole proprietorships) who qualify for the deduction. The bill achieves this by removing the temporary expiration language (subsection (i)) from the existing tax code provision. The key change is ending the need for annual congressional extensions of this deduction, providing long-term tax certainty for small businesses.

Maddy summaryHR 4662, the Corporate Governance Examination Act, requires the Securities and Exchange Commission (SEC) to conduct regular studies on shareholder proposals and the proxy process. Every five years (starting 180 days after enactment), the SEC must examine 11 specific issues, including the financial incentives of proxy advisory firms, costs to companies from politically motivated proposals, and whether current rules adequately ensure shareholder proponents have a meaningful economic stake. The studies must assess how proxy advisors influence voting, potential conflicts of interest, and whether the process serves long-term retail investors. After each study, the SEC must report findings to Congress. This bill does not change existing rules but mandates ongoing analysis of the proxy process.

This resolution expresses the sense of the House of Representatives that research and promotion boards support efforts to develop new markets and strengthen existing markets via research, education, and promotion.

Maddy summaryHR 2622 amends the Investment Advisers Act of 1940 to clarify that brokers and dealers compensated for certain research services are excluded from the legal definition of "investment adviser." This specifically affects financial firms that provide research to clients, including those paid by investment advisers or insurance companies for services covered under Section 28(e) of the Securities Exchange Act. The bill codifies existing SEC guidance by adding a new provision stating that "special compensation" for such research - whether paid directly or via client commissions - does not trigger investment adviser registration requirements. The change directly impacts how broker-dealer research compensation is regulated under federal securities law.