Rep. Claudia Tenney

Maddy summaryHR 5791, the "Define the Mission Act," requires the President to submit a comprehensive strategy report to Congress within 30 days of the bill's enactment, detailing U.S. involvement in the Ukraine conflict. The report must define U.S. national interests in the conflict, set specific objectives with timelines, benchmarks, and resource estimates (including personnel and funding), list expected European NATO security contributions, and assess Russia’s natural gas market impact on resolving the conflict. It mandates the strategy must aim for a Russia-Ukraine cease-fire agreement and explicitly cannot depend on U.S. funding for Ukrainian reconstruction. The report must be unclassified but may include a classified annex for full transparency. This bill establishes a formal process for Congress to review and oversee U.S. policy toward Ukraine.

Maddy summaryHR 5807, the MICROGRID Extension Act, extends a federal tax credit for microgrid controller systems from expiring at the end of 2024 to December 31, 2032. This credit helps businesses and communities offset costs for installing microgrids - localized energy systems that operate independently during power outages to serve vulnerable areas. The extension applies to tax years beginning after December 31, 2024, directly benefiting developers and local governments investing in resilient energy infrastructure. It provides continued financial incentive for projects that enhance power reliability in communities prone to grid disruptions.

Maddy summaryHR 5641, the Pay Our Troops Act, ensures military personnel and their support staff continue receiving pay during fiscal year 2024 if Congress fails to pass regular budget appropriations. It appropriates existing Treasury funds to cover pay and allowances for active-duty troops, reserve components, and civilian employees or contractors supporting military operations. The bill automatically terminates on January 1, 2025, or earlier if Congress enacts a regular budget or continuing resolution. This provision directly affects service members, Department of Defense staff, and Coast Guard personnel (when not under the Navy) during budget implementation gaps.

Maddy summaryThis bill blocks federal funding for states or local governments that suspend open or concealed firearm carry licenses. It directly affects state and local authorities by denying them access to federal financial assistance (such as for infrastructure or public programs) if they implement such license suspensions. The key mechanism is a funding penalty: any state or local government suspending gun permits forfeits eligibility for federal grants defined under 31 U.S.C. § 7501(a)(5). The policy change is a direct condition on federal aid, not a new regulation on gun ownership.

Maddy summaryHR 5759, the Post Quantum Cybersecurity Standards Act, directs the National Institute of Standards and Technology (NIST) to promote voluntary adoption of quantum-resistant encryption standards. It specifically targets critical infrastructure operators and digital infrastructure providers at high risk of quantum computer attacks. Key mechanisms include NIST developing public guidance and technical assistance, and establishing a grant program to fund adoption costs for eligible high-risk entities. The bill defines "post-quantum cryptography" as encryption methods resistant to both quantum and classical computer attacks. This legislation aims to prepare U.S. systems for future quantum computing threats without mandating compliance.

This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.

Maddy summaryThis bill prevents federal regulators from requiring banks, credit unions, and trust companies to treat custody assets (like digital assets held for clients) as liabilities on their financial statements or to hold extra capital against them. It specifically stops institutions from recognizing liabilities for digital asset services they don’t own, unless those liabilities exceed related expenses. The law applies broadly to depository institutions but includes an exception: commingled cash held for third parties must still be listed as a liability. Key provisions aim to clarify accounting rules for digital assets, reducing regulatory complexity for financial institutions managing client custody. It directly affects banks, credit unions, and trust companies handling digital assets or custody services.

Maddy summaryThis bill updates the Opportunity Zones program by requiring designated census tracts to meet specific poverty and income criteria, with a process to replace tracts that no longer qualify. It establishes mandatory annual reporting for Opportunity Zone funds and investors, collecting data on investments, employment, and community impact. The bill extends the tax deferral period for capital gains invested in Opportunity Zones from 2026 to 2028. Additionally, it creates a $1 billion State and Community Dynamism Fund to support investments in underserved communities, with specific requirements for how these funds can be used for affordable housing, small businesses, and community capacity building.

Maddy summaryThis bill amends the Internal Revenue Code to change how certain insurance companies account for debt instruments (like notes or bonds). It excludes these debts from being treated as "capital assets" for tax purposes, meaning gains or losses from selling them won't be taxed as capital gains. It applies only to specific insurance companies, excluding those with certain tax elections (like Section 831(b) companies) or foreign entities. The change affects tax calculations for these insurers but does not create new family-focused policies, despite the bill's misleading title. The amendment applies to dispositions after enactment, with transition rules for existing losses.

Pay Our Border Patrol and Customs Agents Act This bill provides FY2024 appropriations for the salaries and expenses of certain U.S. Customs and Border Protection (CBP) employees who are required to work during a lapse in appropriations (i.e., government shutdown) in FY2024. Specifically, the bill provides appropriations to CBP for the salaries and expenses of agents of the U.S. Border Patrol and officers of the Office of Field Operations who are excepted from furlough (i.e., required to work) during a lapse in discretionary appropriations in FY2024.