Sen. Sherrod Brown

Maddy summarySRES 655 is a Senate resolution passed on April 18, 2024, to honor the late Joseph I. Lieberman, a former U.S. Senator from Connecticut (1988-2013), following his death. The resolution recognizes his career, including his role in creating the Department of Homeland Security, establishing the 9/11 Commission, and advocating for civil rights and environmental protections. It directs the Senate to adjourn in his memory and transmit a copy to his family, expressing the Senate's sorrow and respect. This procedural resolution does not create new laws or affect policy, as it solely commemorates his legacy.

Maddy summaryThe Stop Predatory Investing Act disallows tax deductions for interest and depreciation on single-family rental properties owned by individuals or entities that own 50 or more such properties (defined as residential units with four or fewer dwellings, including townhouses as separate buildings). It applies to properties without low-income housing credits and excludes properties constructed by the owner or acquired before first occupancy. Exceptions allow deductions if the property is sold to an individual for their primary residence (per Section 121) or to a qualified nonprofit organization focused on affordable housing, such as community land trusts, housing nonprofits, or community development corporations. The law defines "disqualified" owners and specifies qualifying nonprofits under Section 163(n)(2)(C), effective for taxable years after enactment.

Maddy summaryThis resolution (SRES 647) symbolically recognizes April 11-17, 2024, as the seventh annual "Black Maternal Health Week" in the U.S. Senate. It does not create new laws or allocate funding but formally acknowledges the disproportionate maternal health disparities affecting Black women, including higher mortality rates and systemic barriers in care. The resolution highlights the work of the Black Mamas Matter Alliance, which founded this annual observance to spotlight racial inequities in maternal health. It serves as a ceremonial acknowledgment of ongoing health disparities, not a policy action.

Improving Access to Medicare Coverage Act of 2024 This bill deems an individual receiving outpatient observation services in a hospital as an inpatient for purposes of satisfying the three-day inpatient hospital-stay requirement with respect to Medicare coverage of skilled nursing facility (SNF) services. (Generally, individuals must have been an inpatient at a hospital for at least three days in order to qualify for SNF services. An individual's time spent under observation at a hospital for purposes of determining whether the individual should be admitted does not count towards this requirement.)

Maddy summaryThis bill authorizes the U.S. Treasury to mint and sell commemorative coins honoring the 2026 FIFA World Cup, which will be hosted by the U.S., Mexico, and Canada. It specifies three coin types: $5 gold coins (max 100,000), $1 silver coins (max 500,000), and half-dollar coins (max 750,000), all with designs reflecting soccer and the World Cup. A surcharge is added to each coin sale ($35 for $5 coins, $10 for $1 coins, $5 for half-dollars), with all surcharge revenue going directly to FWC2026 US, Inc. to fund U.S. soccer programs, particularly youth initiatives and underserved communities. The coins may only be sold during 2026 and must cover all costs to avoid government expense.

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 summary# Summary of the Long-Term Care Workforce Support Act This comprehensive legislation establishes a framework to support and improve conditions for the direct care professional workforce (including home health aides, nursing assistants, and similar workers) through multiple key provisions: 1. **Workplace Violence Prevention** - Requires healthcare facilities to develop and implement written workplace violence prevention plans, including risk assessments, training, incident reporting procedures, and anti-retaliation policies. The plan must include specific measures to address different types of workplace violence (Type 1-4). 2. **Paid Sick Time** - Mandates that employers provide direct care professionals with paid sick time (1 hour for every 30 hours worked), with specific uses including: - Medical care for the employee - Caring for family members (children, parents, spouse, domestic partner) - Addressing domestic violence, sexual assault, or stalking - Public health emergencies (with additional paid sick time provided during declared emergencies) 3. **National Compensation Strategy** - Establishes a National Direct Care Professional Compensation Strategy to: - Identify ways to provide direct care professionals with livable wages - Guide State Medicaid agencies in compensating direct care professionals at full labor cost - Create a National Direct Care Professional Compensation Advisory Council with diverse representation - Address challenges including part-time work nature, workforce mobility, and inequities related to race, ethnicity, and immigration status 4. **Evaluation Framework** - Requires an evaluation of the Act's implementation and outcomes by an external evaluator with experience in home and community-based services, disability programs, and healthcare workforce programs. The evaluation will assess impacts on: - Workforce recruitment, retention, and advancement - Compensation and working conditions - Burnout and attrition rates - Access to long-term care services - Costs to Medicare and Medicaid programs The legislation aims to improve the quality of care for older individuals and people with disabilities by strengthening the direct care workforce through better compensation, safer working conditions, and improved benefits.

Maddy summaryThe Carried Interest Fairness Act of 2024 would change how investment fund managers are taxed on their share of profits (called "carried interest"). Currently, this is often taxed as capital gains (at lower rates), but the bill would require that certain gains be treated as ordinary income (taxed at higher rates) for managers who provide investment management services to partnerships. The bill would directly affect investment managers working for private equity, venture capital, and similar funds. Key mechanisms include reclassifying net capital gains from these interests as ordinary income, limiting ordinary losses to previously treated ordinary income, and changing how dispositions of these interests are taxed. The bill aims to align tax treatment with the nature of the compensation, which is more like wages than capital gains.