This joint resolution nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the IRS.
Sen. David McCormick
Sponsored bills
Maddy summaryThis bill prohibits federal funds from covering gender transition procedures in any federal health program, including Medicaid, military health care, and federal employee benefits. It broadly defines "gender transition procedures" to include hormone treatments, surgeries (like hysterectomies or breast implants), and cosmetic procedures, while excluding treatment for disorders of sex development, medical emergencies, or precocious puberty. The bill also modifies the Affordable Care Act to block federal premium tax credits and cost-sharing subsidies for health plans covering these procedures, though it allows states or individuals to pay for separate coverage using non-federal funds. It directly affects federal health programs, Medicaid, and ACA marketplace plans by restricting federal funding for gender transition care.
Maddy summaryThis bill repeals the EPA's 2024 emissions standards for light- and medium-duty vehicles and amends the Clean Air Act to prevent future regulations from mandating specific technologies or limiting new vehicle availability based on engine type. It directly affects the EPA's regulatory authority and vehicle manufacturers by blocking technology mandates and restrictions on engine types in new vehicles. Key provisions require the EPA to revise regulations within 24 months to align with these changes, ensuring no federal rules limit vehicle choices based on engine technology. The bill's title is misleading, as it does not address automobile retail sales or consumer choice at dealerships.
Maddy summaryThis bill mandates that high schools in the U.S. teach students about communism's historical impact, requiring them to learn that communism caused over 100 million deaths globally and that 1.5 billion people still live under it. The Victims of Communism Memorial Foundation (a specific entity) must develop a required high school curriculum and oral history resources called "Portraits in Patriotism," featuring personal stories from individuals affected by communism. The curriculum must be used in social studies, government, history, and economics classes to compare communism with U.S. democratic principles. It directly affects high school students and educators by requiring specific content in their civic education.
Maddy summaryThe SOIL Act of 2025 requires the Committee on Foreign Investment in the United States (CFIUS) to review certain foreign purchases of agricultural land and real estate near military bases. It specifically targets transactions involving foreign entities from countries designated as nonmarket economies (like China or Russia under trade law) or identified as national security risks in the annual intelligence threat report. The bill prohibits federal subsidies for agricultural land held by such foreign entities and updates disclosure rules to include long-term leases of agricultural land. It also mandates annual public reports detailing foreign ownership of U.S. farmland by country, including holdings near military installations within 50 miles.
Maddy summaryThis bill establishes the Joint Task Force to Counter Illicit Synthetic Narcotics (JTF-ISN), a federal coordination body led by a presidentially appointed director. It brings together agencies including the DEA, FBI, Treasury, Homeland Security, and others to share intelligence and coordinate operations targeting synthetic narcotics trafficking networks, with specific focus on Chinese involvement in the crisis. The task force must submit regular reports to Congress on its activities, funding needs, and progress in disrupting trafficking, while maintaining existing agency authorities. It explicitly prohibits targeting personal drug use or low-level dealing unrelated to major trafficking networks.
Maddy summaryThis bill changes federal gun laws to directly benefit spouses of active-duty military members stationed overseas. It amends laws to explicitly allow spouses to receive firearms or ammunition from their service-member spouses at overseas duty stations (previously only the service member could). It also updates residency rules so spouses are treated as residents of the state where their service member is stationed for firearm law purposes, rather than their home state. These changes simplify legal firearm access for military families living abroad and take effect 180 days after the bill becomes law.
Maddy summaryThis bill amends federal gun law to clarify what constitutes a "State of residence" for gun purchasers traveling across state lines. It defines "State of residence" to include a person's actual home state, a military member's duty station state (or commute home), or a mailbox state for those without a physical residence. The bill requires background checks to include either a physical address or a mailbox address on transfer forms. This directly affects gun buyers traveling between states, particularly military personnel and individuals without fixed homes, by allowing them to use their "state of residence" address for background checks instead of the state they're visiting. The change modifies how federal background checks verify a purchaser's residence.
Veterans 2nd Amendment Protection Act of 2025 This bill prohibits the Department of Veterans Affairs (VA) from transmitting certain information to the National Instant Criminal Background Check System (NICS) utilized by licensed importers or dealers of firearms. Specifically, the bill prohibits the VA from transmitting personally identifying information of a veteran or a beneficiary to the NICS solely on the basis that such veteran or beneficiary has an appointed fiduciary to manage their benefits, unless there is an order or finding of a judicial authority that such veteran or beneficiary is a danger to themselves or others.
Maddy summaryS 912, the Securing American Agriculture Act, requires the U.S. Department of Agriculture (USDA) to annually assess U.S. dependency on critical agricultural inputs supplied by the People’s Republic of China, including fertilizers, seeds, veterinary drugs, and equipment. The bill directs the USDA to report to Congress on supply chain vulnerabilities and recommend actions to reduce reliance on Chinese sources, such as promoting domestic or nearby production. It mandates that any private data shared for this assessment be aggregated and anonymized to protect business confidentiality, prohibiting disclosure of identifiable information. This bill directly affects USDA operations and the agricultural sector by establishing a formal process to evaluate and address supply chain risks.