Maddy summaryThis bill (SJRES 72) seeks congressional disapproval of a Securities and Exchange Commission (SEC) rule requiring companies to standardize climate-related financial disclosures for investors. If passed, it would block the SEC’s rule (published March 28, 2024) from taking effect, directly affecting public companies subject to SEC reporting requirements. The resolution uses a specific legal process under Title 5, U.S. Code, to invalidate the rule without altering its content. It does not create new regulations but halts the implementation of the SEC’s existing climate disclosure proposal.
Sponsored bills
Maddy summaryThis bill directs the Department of Education to consider the International Holocaust Remembrance Alliance (IHRA) definition of antisemitism when investigating potential violations of Title VI of the Civil Rights Act of 1964. It specifically applies to cases involving discrimination based on actual or perceived Jewish ancestry or ethnic characteristics in schools and federally funded programs. The bill clarifies that this guidance does not expand the Department's authority, alter existing discrimination standards, or affect First Amendment rights. It aims to ensure consistent enforcement against antisemitism under existing civil rights law, as previously adopted by the Department of Education.
Maddy summaryThe Affordable Housing Credit Improvement Act of 2023 updates the federal Low-Income Housing Tax Credit program to create more affordable housing options. Key provisions include increasing state funding allocations through revised per capita and minimum amount calculations, modifying tenant eligibility rules to better protect vulnerable populations (including domestic violence victims), and expanding the program's reach to Native American communities and rural areas. The bill also changes the program's name from "Low-income Housing Credit" to "Affordable Housing Credit" and makes administrative improvements to enhance transparency and accountability. These changes aim to make it easier for developers to create and maintain affordable housing units for low- and moderate-income households.
Maddy summaryThe Neighborhood Homes Investment Act creates a new tax credit to encourage rehabilitation and construction of affordable homes in distressed communities. The credit, calculated as the lesser of the rehabilitation cost difference or 35% of development costs, is designed to address the "value gap" preventing housing revitalization. It requires homes to be sold to qualified homeowners (earning no more than 140% of area median income) in designated census tracts with high poverty rates and low homeownership. Homeowners must keep the homes as their primary residence for five years, after which they may sell but must repay a portion of the credit if sold within that period. The bill aims to generate 500,000 new homes over 10 years while promoting fair housing practices and neighborhood revitalization.
Maddy summaryThis bill permanently extends the New Markets Tax Credit (NMTC) program, which incentivizes private investment in low-income communities. It modifies the tax code to keep the credit available indefinitely (replacing the previous 2020-2025 timeframe) and adds automatic annual inflation adjustments to the credit amount. The extension specifically benefits community development financial institutions (CDFIs) and investors who make qualified equity investments in designated low-income areas. It also provides relief from the alternative minimum tax for credits tied to investments made after December 2022.
Maddy summarySJRES 61 is a joint resolution seeking congressional disapproval of a Federal Highway Administration rule that established performance measures for the National Highway System, including a requirement to track greenhouse gas emissions from highway activities. The rule, published in December 2023, would have mandated that states and federal agencies assess highway performance using this emissions metric. If enacted, the resolution would block the rule from taking effect, preventing the implementation of the emissions tracking measure. This action is pursued under the Congressional Review Act, which allows Congress to reject federal regulations with a simple majority vote.
Maddy summaryThis resolution (SRES 638) calls on the Taliban to immediately release Ryan Corbett, a U.S. citizen wrongfully detained since August 2022 while visiting Afghanistan for business. It condemns the Taliban's detention of Corbett - held in a small cell under poor conditions without charges - and urges U.S. officials to prioritize his release. The resolution also demands the Taliban stop detaining Americans for political gain and calls for the release of other U.S. citizens wrongfully held in Afghanistan. As a symbolic congressional action, it does not create new law but expresses formal support for Corbett and his family.
Maddy summaryThe Honoring Veterans' Legacies and Burial Benefits Enhancements Act establishes the National Cemeteries Foundation to support educational programs sharing veterans' stories at national cemeteries through donations and partnerships. It allows single headstones or markers for groups of veterans buried together and requires proof of preference for cardboard burial containers. The bill expands eligibility for government-furnished headstones for Medal of Honor recipients, creates permanent authority for memorials for spouses and children who predeceased veterans, and modifies burial benefits to include veterans with "other than dishonorable" service as documented by a general court-martial convening authority. These changes primarily affect veterans' families, national cemeteries, and the Department of Veterans Affairs in administering burial benefits.
Maddy summaryThe Countering Antisemitism Act establishes a National Coordinator within the Executive Office of the President and an Interagency Task Force to coordinate federal efforts against antisemitism across government agencies. The bill requires annual threat assessments of antisemitic violent extremism from the FBI, DHS, and National Counterterrorism Center, and mandates reports from relevant agencies on implementing the U.S. National Strategy to Counter Antisemitism. It also requires the Department of Education to designate a senior officer to address antisemitic discrimination in higher education and to report on complaints, while directing a study on Holocaust education in schools. Additionally, the legislation amends the Nonprofit Security Grant Program to require public reporting on grant applications and awards, and designates May as Jewish American Heritage Month.
Maddy summaryThe Revoke Iranian Funding Act of 2023 revokes existing licenses and exemptions that permitted U.S. funds to be released to Iran for humanitarian purposes, including the $6 billion South Korea transfer in September 2023, and blocks the Treasury from issuing new such licenses for one year. It also rescinds a specific waiver issued by the State Department in September 2023 that allowed humanitarian funding. The bill requires the Treasury to report within 30 days on Iranian assets held in the U.S. and current licenses related to Iran sanctions, directly affecting Iran's government and entities linked to its military, nuclear program, or terrorist groups like Hamas. This targets financial transactions involving Iran's accounts in Qatar and aims to prevent funds from being diverted to support terrorism.