Rep. Adriano Espaillat

Maddy summaryThis bill establishes a new annual wealth tax on individuals with net assets exceeding $50 million, requiring them to pay a percentage of their total asset value each year. The tax applies a 2 percent rate to assets between $50 million and $1 billion, with a higher rate of 3 percent or 6 percent on assets above $1 billion depending on whether a universal health insurance program is enacted. Married couples are taxed as a single unit, and certain assets like primary residences and small personal items are excluded from the calculation. The legislation also mandates enhanced reporting requirements for asset values, requires the IRS to audit at least 30 percent of taxpayers subject to this tax annually, and authorizes $100 billion in funding over ten years to support enforcement and administration of the new tax system.

Maddy summaryH.Res. 1046 is a procedural resolution that sets the rules for the House to immediately consider H.R. 3310, which would allow Venezuelan nationals to apply for temporary protected status under U.S. immigration law. The resolution waives all objections to the bill and limits debate to one hour, equally divided between the majority and minority leaders. It does not change the substance of H.R. 3310 but streamlines its consideration process in the House.

Maddy summaryThe Energy Bills Relief Act aims to lower household energy costs and accelerate the development of low-cost, clean energy by modifying federal tax credits, expanding weatherization programs, and streamlining permitting processes. Key provisions include restoring tax incentives for renewable energy projects, increasing funding for low-income heating assistance, and requiring federal agencies to treat wind, solar, and storage projects with the same procedural fairness as oil and gas projects. The bill also establishes new incentives for upgrading the electricity grid, such as tax credits for transmission lines and grants for wildfire prevention measures, while creating mechanisms to ensure utilities serve public interests and protect consumers from price volatility.

Maddy summaryThis bill requires the Department of Veterans Affairs (VA) to cover abortion care, counseling, and related medication as part of standard hospital and medical services for eligible veterans and certain dependents. It amends VA healthcare law to explicitly include these services under existing coverage for veterans qualifying under section 1703 and dependents eligible under section 1781(a). The policy directly affects veterans and their dependents enrolled in VA healthcare programs by expanding covered benefits to include abortion-related care. This is a concrete policy change to VA healthcare benefits, not a broader abortion law.

Enhanced Iran Sanctions Act of 2025 This bill imposes sanctions on certain foreign persons (individuals and entities) that are involved in Iran's petroleum sector as well as certain associated persons. The bill also requires or authorizes actions to facilitate the enforcement of sanctions on Iran. Specifically, the bill requires the President to impose visa- and property-blocking sanctions on any foreign person that, after the bill's enactment, knowingly engages in any transaction related to the processing, export, or sale of oil, condensates, gas, liquefied natural gas, or other petrochemical products in whole or in part from Iran. The President must also impose sanctions on certain foreign persons associated with a sanctioned individual or entity. For example, the President must sanction the subsidiaries and corporate officers of a sanctioned business. The bill provides certain exceptions to these sanctions, including specifying that sanctions do not apply to the importation of goods or to conducting or facilitating transactions for humanitarian assistance. The Department of State must establish an interagency working group that shall seek to establish a multilateral contact group to coordinate international efforts to enforce sanctions on Iran. The bill expands the State Department rewards program to authorize a reward payment to any individual who furnishes information leading to the identification of a person (1) subject to sanctions under this bill, or (2) that has attempted or is attempting to evade sanctions under this bill.

Maddy summaryThis bill, the PrEP Access and Coverage Act of 2026, requires most health insurance plans to cover HIV prevention medication without charging patients any out-of-pocket costs. It directly affects people with private insurance, government health programs like Medicare and Medicaid, military health care, and the Indian Health Service. The law mandates that insurance companies cannot require pre-approval for these medications, cannot charge deductibles or copayments for them, and cannot deny or charge higher premiums for life, disability, or long-term care insurance based on someone taking HIV prevention medication. The bill also creates a new public education campaign to increase awareness about HIV prevention options and provides federal funding to states and community organizations to expand access to these services.

Maddy summaryHRES 1106 is a non-binding House resolution honoring the life and legacy of Rev. Jesse Louis Jackson, Sr., a prominent civil rights leader and activist. The resolution recognizes his lifelong work in advancing equality through organizations like Operation PUSH, his leadership in the anti-apartheid movement, and his historic presidential campaigns in 1984 and 1988. It expresses condolences to his family and calls on all Americans to continue his legacy of promoting civil rights and unity. As a commemorative resolution, it does not create new laws or affect any policies.

Maddy summaryThe DISCLOSE Act of 2026 aims to increase transparency in election spending and prevent foreign influence. It expands the ban on foreign money to cover federal, state, and local elections, including ballot initiatives and judicial nominations, and criminalizes using corporations to conceal these funds. The bill mandates that organizations spending over $10,000 on campaign-related activities, such as independent expenditures or judicial nomination advocacy, disclose their beneficial owners and top donors. Additionally, it establishes new "Stand By Every Ad" disclaimers for political communications, requiring the highest-ranking official to approve the message and, for certain ads, list their top funders. These provisions directly affect non-candidate organizations, individuals involved in political and judicial nomination spending, and foreign nationals.

Maddy summaryHR 7728, the Connect the Grid Act, requires Texas' ERCOT grid to connect with neighboring power systems by repealing its special exemptions from federal grid regulations. It mandates minimum power flow capacity between ERCOT and other grids (SPP, MISO, and the Western Interconnection) ranging from 2.5 to 12.6 gigawatts, with specific deadlines for new transmission projects by 2037. The bill directs grid operators to prioritize using existing infrastructure, degraded land sites, renewable energy access, and community engagement - including environmental justice and Tribal communities - in planning new transmission. It also increases federal funding for transmission projects and requires a study on benefits of connecting with Mexico’s grid.

Maddy summaryHR 7740, the African American History Act of 2026, authorizes $4 million annually for the National Museum of African American History and Culture to develop educational resources and support teaching about African American history. The bill directs the museum to create digital and print materials, provide teacher training, and expand access to curriculum resources for K-12 and college classrooms. It requires annual reports to Congress on fund usage and expires in 2030. This program directly affects educators and students by enhancing classroom materials and professional development on African American history.