Sen. Joe Manchin, III

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 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 (S 4101, PEAKS Act) modifies distance requirements for critical access hospitals (CAHs) in rural and mountainous areas. It deems hospitals already designated as CAHs to meet the 15-mile distance rule for mountainous terrain or secondary roads after January 1, 2026, if they demonstrated compliance at their last certification and have a new facility within 10-15 miles. It also adjusts ambulance service distance rules, changing the standard from 35 miles to 15 miles for CAHs serving mountainous or secondary road areas starting January 1, 2025. These changes directly affect rural hospitals and their ambulance services, aiming to maintain access in geographically challenging regions.

Maddy summaryS 673, the Small Business Child Care Investment Act, expands access to small business loans for eligible nonprofit child care centers. It redefines "small business" under existing law to include nonprofit providers meeting specific criteria (like 501(c)(3) status, state licensing, and anti-discrimination policies), allowing them to qualify for SBA loan programs. Key provisions require loan guarantees for amounts over $500,000 but not for smaller loans, and prohibit denying eligibility based on religious activities protected by the First Amendment. The bill also mandates annual SBA reports to Congress tracking the number and value of loans provided to these providers.

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.

Maddy summaryThe REPO for Ukrainians Act authorizes the U.S. government to confiscate Russian sovereign assets held in the United States and use them to compensate Ukraine for damages caused by Russia's invasion. It establishes a Ukraine Support Fund to hold these assets and directs funds to be used for Ukraine's reconstruction, humanitarian aid, and rebuilding efforts. The bill prohibits releasing these assets until hostilities cease and full compensation is made to Ukraine or Russia participates in a bona fide international compensation mechanism. It requires regular reports to Congress on asset use and establishes mechanisms for international coordination with allies on using these assets for Ukraine's reconstruction.

Maddy summaryThe FEND Off Fentanyl Act authorizes sanctions against foreign individuals and entities involved in trafficking fentanyl and its precursors into the United States, with specific focus on transnational criminal organizations like Mexican cartels and the flow of precursor chemicals from China. It requires the President to submit annual reports to Congress on actions taken under the law and designates fentanyl-related transactions as a primary money laundering concern for financial institutions. The bill also repeals a prohibition on imposing sanctions related to importation of goods under previous fentanyl sanctions law. It aims to increase financial costs for traffickers by blocking assets and prohibiting transactions involving sanctioned persons.

Maddy summaryThis joint resolution (SJRES 62) seeks congressional disapproval of a specific rule issued by the Animal and Plant Health Inspection Service (APHIS) regarding the importation of fresh beef from Paraguay. The resolution targets the rule published in the Federal Register on November 14, 2023 (88 Fed. Reg. 77883), which would have allowed such imports. If passed, the resolution would nullify that rule, preventing it from taking effect under procedures outlined in Title 5, U.S. Code. This action directly affects U.S. meat import regulations and the beef industry, specifically halting the implementation of the Paraguayan beef import rule.

Maddy summarySRES 611 is a symbolic Senate resolution designating March 22, 2024, as "National Inland Waterways Workers Safety Awareness Day." It does not create new laws but expresses support for raising awareness about safety for workers in the inland waterways industry, including deckhands, engineers, masters, mates, and shoreside workers. The resolution encourages federal, state, and industry groups to observe the day with safety-focused activities and acknowledges existing safety partnerships like the Coast Guard-American Waterways Operators program. It highlights that waterways transportation is a safe freight mode and references 2022 safety data showing 4 fatalities and 101 injuries among towing vessel workers. The resolution has no binding effect but aims to promote ongoing safety efforts.

Maddy summarySRES 615 designates April 5, 2024, as "Gold Star Wives Day" to honor surviving spouses of military members who died in service and recognize the 79th anniversary of the first meeting of Gold Star Wives of America, Inc. (held on April 5, 1945). The resolution encourages public observance to raise awareness of the organization's role in supporting military families through services, friendship, and advocacy. As a ceremonial resolution, it does not create new policies or funding but serves as a symbolic tribute to these families and the nonprofit's longstanding mission.