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.
Sponsored bills
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.
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 summarySRES 645 is a ceremonial Senate resolution designating April 20-28, 2024, as "National Park Week." It does not create new laws or affect any group directly; instead, it formally recognizes this week to highlight the National Park System. The resolution encourages the public to responsibly visit, experience, and support national parks, referencing the system’s history, visitor statistics (325 million visits in 2023), and economic impact ($50.3 billion in 2022). As a non-binding resolution, it has no legal effect but serves to promote awareness of national parks.
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 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.
Maddy summaryThis bill establishes the Open Translation Center (OTAC), a federally funded entity to translate and analyze foreign government documents from designated countries (starting with China) and make them publicly accessible. OTAC will translate documents, provide contextual analysis, and publish summaries online for U.S. policymakers, journalists, academics, and the public, while training language specialists. The center will operate under a board appointed by the State Department, Director of National Intelligence, and Copyright Office, with $85 million authorized for fiscal year 2025 and $80 million annually through 2029. It focuses on translating materials like government reports, speeches, and state media to enhance understanding of foreign policies and cultures.
Maddy summaryThis bill requires random assignment of certain civil cases challenging laws to a district court judge, rather than allowing parties to strategically choose courts. It directly affects individuals or groups filing lawsuits seeking nationwide challenges to federal laws or statewide challenges to state laws. The key provision mandates that cases asking courts to block, invalidate, or order enforcement of laws (including regulations or agency policies) must be randomly assigned to a judge in the filing district. This aims to prevent "judge shopping" by eliminating the ability to select a court based on perceived judicial bias. The rule applies to both federal and state law challenges filed in district courts.
Maddy summaryThis bill restricts who can submit low-value shipments (under $800) eligible for duty-free entry ("de minimis entries") to only the consignee, owner, purchaser, or a licensed customs broker. It increases penalties for repeated negligence or fraud in these entries, with fines up to 10 times the duties evaded or $2,000 per violation. The bill also requires new data collection about the origin of goods to prevent entries of items made with forced labor, counterfeit goods, or illegal controlled substances. Finally, it mandates annual reports to Congress on seized de minimis shipments and a GAO assessment of data-sharing gaps among federal agencies.