Rep. John James

Maddy summaryThis bill updates securities regulations to include rural-area small businesses in existing capital access provisions. Specifically, it amends the Securities Exchange Act of 1934 to add "rural-area small businesses" as a qualifying category alongside women-owned small businesses in two key sections. The change directly affects rural small businesses seeking capital by expanding their eligibility for certain regulatory exemptions. This is a procedural adjustment to current law, not a new funding program.

Maddy summaryThe Educational Choice for Children Act creates tax credits for individuals and corporations that contribute to scholarship granting organizations providing education scholarships. Individuals can claim a credit up to $5,000 or 10% of their income, while corporations can claim up to 5% of taxable income. The scholarships are available to students from households with income up to 300% of the area median income, and can be used for private school tuition, tutoring, and other educational expenses at elementary and secondary schools. The bill includes strict requirements for scholarship organizations to verify income, conduct audits, and prevent misuse of funds, while also prohibiting government control over these organizations and protecting private and religious schools from discrimination in the program. It establishes a $10 billion annual cap on the total tax credits available.

Maddy summaryThis bill amends the Small Business Investment Act of 1958 to require Small Business Investment Companies (SBICs) licensed by the Small Business Administration to invest at least 15% of their capital in small businesses, up from the previous 5% requirement. The change directly affects SBICs, which are private investment firms that channel capital into small businesses. By raising this minimum investment threshold, the bill aims to increase funding flow to small businesses through these licensed investment vehicles. The provision applies to all new SBIC investments under the amended law.

Maddy summaryHR 506, the HARM Act, requires the U.S. Secretary of State to designate the Wagner Group as a foreign terrorist organization under immigration law within 90 days of the bill's enactment. This designation would directly affect the Wagner Group and its affiliated entities, subjecting them to sanctions under U.S. law. The bill mandates that the designation apply to any successor or affiliated groups engaged in activities against U.S. interests, including operations in Ukraine, Africa, and the Middle East. It also requires the Secretary of State to submit an annual report on the Wagner Group's international activities to specific congressional committees. The bill focuses on the legal process for designation, not on outcomes or advocacy.

Maddy summaryHR 23, the Family and Small Business Taxpayer Protection Act, rescinds unobligated funds previously allocated to the Internal Revenue Service (IRS) under the Inflation Reduction Act of 2022. Specifically, it cancels unused balances from certain IRS funding provisions (sections 10301(1)(A)(ii), (iii), (B), (2), (3), (4), and (5)) of the Inflation Reduction Act. This bill does not change tax laws or directly affect taxpayers; it only redirects unspent IRS budget authority. The provision applies solely to funds that were not obligated by the IRS as of the bill’s enactment date.

Maddy summaryHJRES 8 proposes a constitutional amendment to permanently set the Supreme Court's size at nine justices. The bill would require any future changes to the Court's composition to follow this specific number, locking in the current structure. It does not alter the existing Court size (which has been nine since 1869) but aims to prevent future adjustments through legislative action. The amendment must be ratified by three-fourths of state legislatures within seven years to take effect. This is a procedural proposal focused on constitutional structure, not a direct policy affecting citizens or programs.

COI Elimination Act This bill limits U.S. contributions to the United Nations pertaining to the U.N. Independent International Commission of Inquiry on the Occupied Palestinian Territory, including East Jerusalem, and Israel. Current law imposes a cap on the annual U.S. contribution to the U.N. budget. The bill lowers that cap by 25% of the amount budgeted for the commission. The bill also states that it shall be U.S. policy to seek the abolition of the commission and combat systemic anti-Israel bias in international bodies.