Rep. Bryan Steil

Maddy summaryHCONRES 28 is a symbolic resolution expressing Congress's view that tax-exempt fraternal benefit societies - organizations providing life, health, and accident benefits to members - have long delivered critical community support. It states these societies, with about 7 million members nationwide, generate significant annual value through charitable work and volunteer activities (estimated at over $3.8 billion yearly). The resolution affirms that their tax-exempt status under Section 501(c)(8) of the tax code is essential for sustaining their volunteer-driven model and relieving pressure on government safety programs. As a non-binding expression of congressional sentiment, it does not alter existing laws or create new obligations.

Maddy summaryH.J. Res. 30 seeks to block a Department of Labor rule that would have required retirement plan managers (like those handling 401(k)s) to follow strict "prudence and loyalty" standards when selecting investments and voting on company matters. The rule, published in December 2022, aimed to protect retirement savings by ensuring fiduciaries prioritize participants' interests. This resolution, if passed, would prevent the rule from taking effect, avoiding new compliance requirements for retirement plan managers and sponsors. It directly affects retirement plan administrators and the millions of participants in these plans.

This resolution supports the preservation of the stepped-up basis tax rule that allows recipients of inherited assets such as land, equipment, or buildings to adjust the cost basis of the assets to reflect their fair market value. The resolution opposes any efforts to impose new taxes on family farms or small businesses and recognizes the importance of generational transfers of farm and family-owned businesses.

Maddy summaryThis bill modifies federal highway funding rules to prioritize safety for cyclists and pedestrians. It allows states and local governments to receive 100% federal funding for projects that connect existing bike/pedestrian infrastructure or reduce safety risks for these users, instead of the usual lower federal share. The bill also requires projects to align with state safety plans focusing on vulnerable road users and includes specific "Proven Safety Countermeasures" for cyclists/pedestrians. These changes directly affect states administering federal highway funds and local governments seeking to improve non-motorized transportation infrastructure.

Maddy summaryThe DAIRY PRIDE Act would require food products using dairy-related terms (like "milk," "yogurt," or "cheese") to meet the FDA's definition of dairy - derived from animal milk - to prevent misleading labeling of plant-based alternatives. It directly affects producers of plant-based products currently marketed with dairy terms, such as almond or oat milk, which often lack comparable nutrition. The bill mandates the FDA issue enforcement guidance within 180 days and report to Congress on actions taken after two years. This policy change aims to align product names with the FDA's existing definition of dairy products under federal law.

Maddy summaryHRES 197 is a procedural resolution that sets annual funding limits for 20 House committees during the 118th Congress (2023-2025). It specifies exact dollar amounts for each committee's expenses (e.g., $27,696,649 for Energy and Commerce, $29,923,636 for Oversight and Accountability) and divides these into first-session (2023-2024) and second-session (2024-2025) allocations. The resolution also establishes a $4 million reserve fund for unanticipated committee expenses, split between the two sessions. This bill directly affects House committees by authorizing their operational budgets under administrative rules.

Maddy summaryThis bill expands the use of 529 college savings accounts to cover career training and credentialing costs. It allows funds to pay for tuition, fees, books, and testing expenses related to recognized postsecondary credential programs (like vocational certifications) that meet specific standards under the Workforce Innovation and Opportunity Act. The change directly affects workers seeking industry-recognized credentials - such as nursing certifications or IT certifications - instead of traditional degrees. It treats these expenses the same as traditional college costs for 529 account withdrawals, making it easier to save for career-focused training. The provision applies to expenses paid after the bill's enactment date.

This resolution elects designated Members of the House of Representatives to the Joint Committee of Congress on the Library and the Joint Committee on Printing.

Maddy summaryHR 1379, titled the *Access to Small Business Investor Capital Act*, simplifies reporting requirements for investment companies that hold shares in business development companies (BDCs). The bill allows registered investment companies (like mutual funds) to exclude BDC-related fees and expenses from their standard "Acquired Fund Fees and Expenses" calculations in registration statements, instead disclosing these costs in a footnote. This change directly affects investment companies managing portfolios with BDC investments and the BDCs themselves, reducing administrative complexity. The provision modifies existing SEC disclosure rules under the Investment Company Act of 1940 without creating new capital access for small businesses.

Maddy summaryThis bill increases the income limit for deducting mortgage insurance premiums on federal income taxes. It raises the cap from $100,000 (single filers) / $50,000 (joint filers) to $200,000 / $100,000 annually, making this higher limit permanent. The change directly affects homeowners who itemize deductions and pay private mortgage insurance (PMI) premiums. The amendment applies to tax years beginning after December 31, 2021, as specified in the bill text.