Rep. Mike Carey

Maddy summaryThe Energy Parity Act requires that any reduction in capacity fees for wind and solar energy projects must be matched by an equivalent reduction in royalty rates for oil and natural gas leases. It lowers the minimum royalty rate for onshore oil and gas leases from 16.67% to 12.5% and adjusts minimum bid and rental rates (e.g., reducing the minimum bid from $10 to $2 per acre for two years). The bill also directs the Bureau of Land Management to reissue a proposed rule on renewable energy leasing within 120 days of enactment. These changes directly affect federal leaseholders for oil, gas, and renewable energy projects.

Maddy summaryThe Death Tax Repeal Act would eliminate the federal estate tax and generation-skipping transfer tax for estates of people who die on or after the bill's enactment date, and for generation-skipping transfers made after that date. It would also establish a new $10 million lifetime gift tax exemption (adjusted annually for inflation) and replace the existing gift tax rate schedule with a revised structure. These changes would primarily affect high-net-worth individuals and their heirs, as the estate tax and gift tax typically apply to large estates or gifts exceeding the new exemption threshold. The bill's provisions would take effect on the date of enactment, with transitional rules for the year the bill is signed into law.

Maddy summaryHR 7034, the Mauritania TPS Act of 2024, grants Temporary Protected Status (TPS) to nationals of Mauritania currently living in the United States. It provides an 18-month period of protection from deportation and work authorization, requiring applicants to have continuously resided in the U.S. since the law's enactment and meet other eligibility criteria. The bill establishes a $360 application fee with waiver options and permits limited travel abroad under emergency circumstances, subject to approval by the Secretary of Homeland Security. This directly affects eligible Mauritanian nationals who qualify under the specified requirements.

Maddy summaryThe Affordable Connectivity Program Extension Act of 2024 allocates $7 billion in funding for the Affordable Connectivity Program (ACP) during fiscal year 2024. The ACP provides subsidies to low-income households to help cover the cost of internet service and connected devices like laptops or tablets. This funding ensures the program can continue supporting eligible households throughout the year, with the money remaining available until fully spent. The bill extends existing program funding without changing eligibility criteria or service requirements.

Maddy summaryHR 6853, the SOS Act, requires the Congressional Budget Office to include a new graph in annual reports about Social Security trust funds. The graph must compare projected payments under a 1985 law (section 257(b)(1)) with actual outlays from current law. This procedural bill affects how Congress reports on Social Security funding, adding transparency about payment assumptions versus current spending. It does not change eligibility or benefit amounts for seniors or disability recipients.

Maddy summaryThis bill establishes tax relief for qualified residents of Taiwan earning income in the United States by reducing tax rates on interest, dividends, and royalties to 10% or 15% (instead of the standard 30%). It also exempts certain wages and income from entertainment activities under $30,000 from U.S. taxation. To qualify, individuals must meet specific residency requirements, and entities must demonstrate substantial business activity in Taiwan. The bill modifies withholding tax procedures to implement these new rates and requires reciprocal tax benefits from Taiwan to be in place.

Maddy summaryThe Workforce Housing Tax Credit Act creates a new tax credit for developers of middle-income housing projects. It allows taxpayers to claim a tax credit equal to a percentage of the building's qualified basis, with higher rates for projects in rural or high-cost areas. To qualify, projects must have at least 60% of units rent-restricted for tenants earning up to 100% of area median income. Developers must maintain middle-income status for 15 years through binding agreements with housing credit agencies. This credit aims to incentivize the development of affordable housing for middle-income households.

Maddy summaryHRES 731 modifies House rules to change when a sitting House member running for re-election can no longer use the free mailing service (franking) for mass mailings before elections. It replaces the current 90-day pre-election restriction with a reference to federal election law timing rules (section 3210(a)(6)(A)), aligning the House rule with existing campaign finance deadlines. This directly affects House candidates who want to send bulk campaign mailings during election cycles. The change requires the House Communications Standards Commission to update its regulations within 30 days of the resolution's passage.

Maddy summaryHR 6454, the Chemical Tax Repeal Act, repeals excise taxes on specific chemicals and substances by removing Subchapters B and C from Chapter 38 of the Internal Revenue Code. This directly affects chemical manufacturers and distributors who previously paid these taxes. The repeal takes effect on January 1, 2023, eliminating the tax obligation for covered chemicals without creating new provisions.

Upward Mobility Enhancement Act This bill increases the amount of the tax exclusion for employer-paid educational assistance programs. It also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).