Rep. Mike Carey

Maddy summaryThis bill requires the Treasury Secretary to report quarterly on foreign countries imposing "extraterritorial" or "discriminatory" taxes targeting U.S. businesses. It mandates progressively higher tax rates (starting at 5% and increasing to 20% over time) on income and payments from foreign individuals and corporations in those countries. The U.S. government can also restrict federal procurement from such entities and consider these taxes in trade negotiations. These measures directly affect foreign businesses operating in the U.S. or conducting transactions with U.S. entities. The policy aims to counter foreign tax policies that the U.S. views as unfair under international tax norms.

Financing Our Energy Future Act This bill expands the types of partnerships that qualify for treatment as publicly traded partnerships instead of as corporations for tax purposes. Under current law, partnerships that meet certain gross income requirements (i.e., at least 90% of the partnership's gross income in a taxable year consists of qualifying income) are excepted from being treated as a corporation for tax purposes. This bill expands the sources of income that are considered qualifying income and make a partnership eligible for such an exception. Specifically, the bill provides that income derived from the generation of specified alternative energy, alternative fuel projects, or the associated property, storage, or transportation for such projects (e.g., the conversion of renewable biomass into renewable fuel or the storage or transportation of such fuel) is considered qualifying income.

Maddy summaryHR 3624, the Travel Trailer and Camper Tax Parity Act, amends the tax code to include certain towable travel trailers and campers under floor plan financing rules. This change directly affects recreational vehicle (RV) dealers and manufacturers who sell trailers designed for temporary living quarters (like camping or seasonal use) that are towed by or attached to a motor vehicle. The key provision expands the definition in tax law so these vehicles qualify for the same business tax treatment as other floor plan inventory, allowing dealers to deduct financing costs over time instead of upfront. The law applies to taxable years starting after December 31, 2022.

Simplify Automatic Filing Extensions Act or the SAFE Act This bill eliminates the penalty for failure to pay income tax for individual taxpayers who timely pay 125% of their income tax liability for the immediately preceding taxable year.

Historic Preservation Fund Reauthorization Act This bill extends through FY2033 and increases funding for the National Park Service's Historic Preservation Fund. The funding is provided from revenues from Outer Continental Shelf oil and gas leases, and awards from the fund are made to states and other entities, including tribes and nonprofits.

Maddy summaryThis bill requires that AM radio receivers be included as standard equipment in all new motor vehicles (such as cars and trucks) sold in the United States, with a rule to be issued by the Department of Transportation within one year. The rule must ensure AM radio is easily accessible on the dashboard and allows manufacturers to use digital AM radio technology instead of traditional AM. During the one-year period between the bill's enactment and the rule's effective date, manufacturers must clearly label vehicles without AM radio. The bill also directs a study to evaluate whether an alternative system could deliver emergency alerts as reliably as AM radio across the country, especially during crises.

This resolution acknowledges the 14th anniversary of the end of the war in Sri Lanka and urges the United States to work with the United Nations to establish an international mechanism for accountability for the grave crimes committed during the war. The resolution also encourages the promotion of universally accepted democratic principles on the island of Sri Lanka, including by using the referendum process to ensure that all ethnicities are equitably represented.

Maddy summaryHR 3435, the Charitable Act, creates a temporary tax deduction for charitable contributions for individual taxpayers who do not itemize deductions. It allows these taxpayers to deduct up to one-third of their standard deduction amount for charitable gifts in 2023 and 2024. The bill directly affects millions of filers who typically take the standard deduction instead of itemizing, making charitable giving more tax-advantageous for them during these two years. The provision expires after 2024 and does not change the standard deduction amount itself.

Maddy summaryHR 3416, the Youth Workforce Readiness Act of 2023, funds after-school and summer programs for youth aged 6-18 (including those in underserved communities) to build job skills and career pathways. It requires grants to community-based organizations partnering with employers, schools, and local agencies to provide career exploration, mentorship, work-based learning, and job training aligned with local industry needs. The program must track outcomes like school attendance, skill development, and job placement, with $100 million authorized annually for 2024-2028. It directly affects youth, community organizations, and local workforce boards through structured, measurable workforce readiness services.

Enhancing COPS Hiring Program Grants for Local Law Enforcement Act This bill allows funds under the Community Oriented Policing Services grant program to be used to provide bonuses for the recruitment and retention of law enforcement officers or career law enforcement officers.