Rep. David G. Valadao

Maddy summaryThis bill modifies tax credit rules to help businesses recover after disasters. It allows businesses operating in designated disaster areas to treat certain unused tax credits (carryforwards) as transferrable credits against current tax liability, rather than letting them expire. Specifically, it applies to taxpayers making eligible expenditures for business operations in areas with a major disaster declaration after December 31, 2023, or a state-declared disaster meeting specific criteria. The change affects businesses in affected zones by providing immediate tax relief for qualifying expenses incurred within two years of the disaster declaration. It does not involve energy policy or new funding, but adjusts existing tax credit rules for disaster recovery.

Maddy summaryThis bill, known as the BASICS Act, creates a new $5.5 billion federal funding program over five years to repair and replace bridges in poor condition across the United States. The program prioritizes projects based on the cost of bridge rehabilitation in each state and guarantees a minimum funding allocation of $45 million per state annually. It also expands funding for regional transportation planning in rural areas and increases flexibility for local governments to select and manage transportation projects through enhanced consultation requirements. Additionally, the legislation removes local matching fund requirements for metropolitan planning activities and allows 100 percent federal funding for off-system bridge projects owned by local governments or tribes.

Maddy summaryHR 7373, the Trade Cheating Restitution Act of 2026, directs the U.S. Customs and Border Protection to redistribute accumulated interest on past antidumping and countervailing duty payments to eligible businesses. It specifically targets interest earned since October 1, 2000, with two distribution phases: one for interest from 2010 onward (within 210 days of enactment) and another for interest from 2000-2010 (within 210 days after the first phase). Eligibility requires prior receipt of payments under the repealed 2000 Act, timely certification, and meeting original eligibility criteria. The funds are distributed pro-rata based on the relevant duty orders, using existing Treasury accounts without new appropriations. This bill affects businesses that previously qualified for duty payment distributions but did not receive the interest component.

Maddy summaryThe PASTEUR Act of 2026 creates a new government contracting program to incentivize development of new antimicrobial drugs for treating drug-resistant infections. The Health and Human Services Secretary would award contracts to pharmaceutical sponsors meeting specific criteria on clinical benefits, innovation, and public health impact, with annual payments ranging from $75 million to $300 million (adjusted for inflation). Contract requirements include ensuring drug availability, tracking resistance data, promoting appropriate use, and maintaining supply chains. The bill also establishes antimicrobial stewardship programs for hospitals and outpatient facilities and improves surveillance of antimicrobial use and resistance. This legislation aims to address antibiotic resistance by creating financial incentives for new treatments and improving how antimicrobials are used and monitored.

Maddy summaryThis bill prevents state or local governments from banning or restricting energy connections (like installation, modification, or access) based on the type or source of energy, such as electricity, natural gas, or renewable fuels. It directly affects consumers choosing energy providers and energy companies seeking to offer services. The key provision prohibits local laws, regulations, or policies that limit energy services sold in interstate commerce, covering all energy types listed in the bill’s definitions. It does not create new programs but limits regulatory authority at the state or local level. The law aims to ensure open access to diverse energy sources without source-based restrictions.

Maddy summaryThis bill creates a tax exclusion for certain disaster mitigation payments received by property owners. It allows individuals to exclude from gross income funds paid by state programs (or approved entities) to make improvements that reduce damage from windstorms, earthquakes, or wildfires. The exclusion applies to payments made for specific property upgrades like storm shutters or fire-resistant roofing. The change takes effect for 2021+ tax years and includes a retroactive option for taxpayers to amend prior returns. It directly affects homeowners participating in qualifying state disaster resilience programs.

Maddy summaryThis bill requires most employers (those with 50+ employees for 20+ weeks annually) to display a clear notice about veterans' benefits in visible workplace areas. The notice, developed by the Labor and Veterans Affairs Departments, includes the Veterans Crisis Line, how to apply for benefits, and state-specific veteran resources. Employers must post the notice starting one year after the bill's enactment, with the notice updated twice yearly and made available online. A 180-day information campaign will also inform employers about the requirement.

Maddy summaryThe VSAFE Act of 2025 establishes a Veterans Scam and Fraud Evasion Officer within the Department of Veterans Affairs to prevent and address fraud targeting veterans. This officer will develop communication plans, training, and reporting systems for veterans, families, caregivers, and survivors to identify and avoid scams, while coordinating with agencies like the IRS, DOJ, and Social Security Administration. The bill also modifies a home loan fee deadline in the VA loan program, changing a date from June 9, 2034, to June 23, 2034. It does not create new full-time positions or alter existing Inspector General authority.

Maddy summaryThe Human Trafficking Awareness Training Recognition Act of 2026 creates a certification program for employers in industries with high human trafficking prevalence, allowing them to earn recognition after providing employee training on identifying and responding to human trafficking. Employers must apply annually between January 31 and April 30, detailing their training efforts, and the Secretary of Homeland Security will issue a one-year certificate to qualifying employers. The program prohibits false displays of certification, mandates annual reports to Congress on participation and costs, and authorizes application fees to cover administrative expenses.

Maddy summaryThis bill creates a tax credit for businesses selling products made with U.S.-grown cotton. The credit equals 24% of the cotton's market value if processed only in the U.S. or in countries with U.S. trade deals, or 18% for other processing locations. To qualify, cotton must be digitally traced from U.S. farms to finished products and certified by the USDA as meeting origin requirements. It directly affects clothing and textile manufacturers selling qualifying products in the U.S. market.