Maddy summaryThe Digital Asset Tax Certainty Act amends the Internal Revenue Code to clarify how cryptocurrency and other digital assets are taxed, creating a framework that treats them more like traditional financial securities for many purposes. Key provisions include allowing taxpayers to ignore small transaction fees under $10, offering simplified annual accounting methods for widely traded cryptocurrencies, and treating U.S. dollar stablecoins as cash for tax basis calculations. The bill also extends existing anti-abuse rules, such as wash sale restrictions, to digital assets and establishes a voluntary disclosure program that allows individuals to correct past reporting errors in exchange for reduced penalties. These changes aim to reduce compliance burdens for individual investors while ensuring that professional traders and dealers face tax obligations similar to those in the traditional stock market.
Rep. Jodey C. Arrington
Sponsored bills
Maddy summaryThe Increasing Baseline Updates Act requires the Congressional Budget Office to provide at least two annual updates to the budget baseline for Congress's Budget Committees, including the economic data used in those updates. It also mandates that the President submit detailed technical budget data to Congress by February 1 each year, featuring current and prior year budget figures and credit reestimates. These provisions update the annual reporting requirements for the Congressional Budget Office and the President's office. The bill directly affects how Congress receives timely budget information for fiscal planning.
Maddy summaryThe Title IX Clarification Act of 2026 amends federal education law to explicitly define the terms "sex," "female," and "male" based on biological characteristics. Specifically, it states that "sex" refers to an individual's biologically determined status as male or female, while "female" and "male" are defined by the presence of specific reproductive systems capable of producing ova or sperm, respectively. These definitions apply to all education programs and activities that receive federal financial assistance starting on the date the bill becomes law. The legislation aims to clarify existing statutes by removing ambiguity around biological sex definitions in the context of Title IX protections.
Maddy summaryHR 5267, the American Franchise Act, clarifies when franchisors can be considered joint employers of franchisee employees under federal labor laws. It defines "substantial direct and immediate control" over essential employment terms like wages, benefits, hours, hiring, and discipline - requiring franchisors to actively set these terms to be deemed joint employers. The bill explicitly excludes routine brand standards, training, or minimal safety requirements from constituting such control. This directly affects franchisors and franchisees by limiting joint employer liability to cases where franchisors exert significant, ongoing influence over core employment decisions. The law applies prospectively to new cases after enactment, not past disputes.
This bill designates the facility of the United States Postal Service located at 4650 East Rosedale Street in Fort Worth, Texas, as the "Dionne Phillips Bagsby Post Office Building".
This bill designates the facility of the United States Postal Service located at 4450 Oak Park Lane in Fort Worth, Texas, as the "United States Representative Kay Granger Post Office Building".
Maddy summaryThis House resolution formally honors the life and legacy of the late Representative Kay Granger from Texas, recognizing her historic achievements in public service. The bill highlights her roles as the first woman elected mayor of Fort Worth, the first Republican woman to represent Texas in the U.S. House, and the first Republican woman to chair the House Committee on Appropriations. It also acknowledges her contributions to national defense, including her work on the F-35 fighter jet program and the naming of a Navy ship for Fort Worth. The resolution expresses sympathy to Granger's family and directs the Clerk of the House to send an official copy of the document to her loved ones.
Maddy summaryHR 7008, the Stop Insider Trading Act, restricts Members of Congress, their spouses, and dependent children from purchasing certain investments like stocks in publicly traded companies. It requires 7-14 days' advance public notice before selling any such investment, including the sale date, description, and number of shares. Exceptions apply for work-related transactions (e.g., employer compensation) and reinvesting dividends. Violations trigger a fee of $2,000 or 10% of the investment’s value (whichever is greater), plus any net gain, paid from personal funds - not congressional allowances or campaign donations. The bill aims to prevent conflicts of interest by increasing transparency around congressional financial dealings.
This concurrent resolution establishes the congressional budget for the federal government for FY2027, sets forth budgetary levels for FY2028-FY2036, and provides reconciliation instructions for legislation that increases the deficit. The resolution recommends levels and amounts for FY2027-FY2036 for federal revenues, new budget authority, budget outlays, deficits (on-budget), debt subject to limit, debt held by the public, and the major functional categories of spending. The resolution includes reconciliation instructions that direct the House Agriculture Committee, the House Armed Services Committee, the House Permanent Select Committee on Intelligence, and the House Administration Committee to submit recommendations for legislation that will increase the deficit over FY2027-FY2036 by not more than specified amounts. Each committee must submit the recommendations to the House Budget Committee by September 11, 2026. (Under current law, reconciliation bills are considered by Congress using expedited legislative procedures that prevent a filibuster and restrict amendments in the Senate.) In addition, the resolution establishes a reserve fund that allows certain adjustments to committee allocations and other budgetary levels to accommodate reconciliation legislation. Finally, the resolution sets forth budget enforcement procedures that address issues such as adjustments to committee allocations and other budgetary levels; the budgetary treatment of the discretionary administrative expenses for the Social Security Administration and the U.S. Postal Service; emergency spending; and additional adjustments for disaster relief, wildfire suppression, health care fraud and abuse control, continuing disability reviews and redeterminations, and reemployment services and eligibility assessments.
Maddy summaryThe Stop EU Overreach Act directs the United States Trade Representative to initiate a formal investigation within 30 days of enactment to determine if specific European Union environmental and sustainability regulations unfairly burden American commerce. These targeted measures include rules on corporate sustainability due diligence, reporting, deforestation traceability, and carbon border adjustments that apply to US companies based on their operations or supply chains outside the EU. If the investigation concludes that these foreign practices are unreasonable or discriminatory, the USTR is authorized to take retaliatory actions such as imposing duties on imports from EU member states or suspending trade agreement benefits. The bill includes a sunset provision that terminates its requirements for any specific EU measure once the USTR certifies that the European Union has repealed the rule or entered into a binding agreement to exempt US persons from its extraterritorial obligations.