Maddy summaryThis bill requires banks with over $10 billion in assets to claw back certain executive compensation if the bank fails. It directly affects executives, directors, and controlling shareholders at large banks that cause significant financial harm or fail. The key provision mandates recovery of salary, bonuses, equity awards, and other covered compensation paid within the prior three years when a bank becomes insolvent or is resolved. Any recovered funds must be deposited into the Deposit Insurance Fund. This amends existing banking law to strengthen accountability for executive pay during bank failures.
Sen. John Fetterman
Sponsored bills
Maddy summaryThis resolution (SRES 230) symbolically recognizes the 102nd anniversary of the 1921 Tulsa Race Massacre, a violent attack by a White mob that killed an estimated 300 Black residents and destroyed the Greenwood District in Tulsa, Oklahoma - a thriving Black business community known as "Black Wall Street." It honors the victims and survivors, condemns the historical and ongoing legacy of racial violence, and encourages U.S. schools and universities to include education about the massacre in curricula. As a non-binding resolution, it does not enact new laws or policies but serves as a formal acknowledgment by the Senate of this pivotal event in American history.
Maddy summaryS 1766, the Department of Defense Overdose Data Act of 2023, requires the Secretary of Defense to annually report detailed data on overdoses affecting military personnel (servicemembers) and their family members. The reports must include demographics, substances involved, prior mental health/substance use treatment, opioid prescriptions, naloxone use, and patterns of overdoses, while protecting privacy under HIPAA. The bill also mandates a research report assessing barriers to care and recommending improvements in mental health access, non-opioid pain management, and overdose prevention. These provisions aim to improve data-driven responses to overdoses within the military community.
Maddy summaryS 1779, the Electric Motorcycle Parity Act of 2023, expands the federal clean vehicle tax credit to include electric motorcycles and other vehicles with fewer than four wheels. It creates a $3,750 tax credit per qualifying vehicle acquired after December 31, 2022, for buyers purchasing electric motorcycles that meet specific requirements (e.g., capable of 45+ mph, manufactured for public roads, and meeting clean vehicle standards with adjusted battery requirements). The bill directly affects electric motorcycle buyers and manufacturers by extending the same tax incentive previously available only to four-wheeled electric vehicles. It amends the Internal Revenue Code to treat these smaller vehicles as "qualified clean vehicles" under the existing credit framework. This is a concrete policy change that lowers the cost of purchasing eligible electric motorcycles.
Maddy summaryThis bill (S 1774, the ASSIST Act) increases federal funding for mental health and substance use disorder services provided in schools and school-based health centers. It raises the federal medical assistance percentage (FMAP) to 90% for eligible state expenditures on these services starting 12 months after enactment, directly benefiting public schools, school-based health centers, and students needing these services. The bill also creates a new grant program through the HHS Secretary to fund eligible entities (like school districts, universities, or tribal schools) to hire more licensed mental health providers, with requirements for cultural competence, reporting on provider numbers and retention, and a ban on using funds for threat assessment teams. These provisions aim to expand access to school-based mental health care without reducing funding for other Medicaid services.
Maddy summaryThis resolution (SRES 209) is a symbolic Senate measure recognizing May as Asian American, Native Hawaiian, and Pacific Islander Heritage Month. It formally celebrates the historical contributions of these communities to the United States, highlighting their diverse cultural impact and achievements. The resolution does not create new laws or policies - it simply encourages the Senate to observe the month with recognition of these communities' roles in U.S. history. It follows longstanding tradition, as May was chosen to honor key milestones including the arrival of Japanese immigrants and Chinese laborers on the transcontinental railroad.
Maddy summaryThe Democracy Restoration Act of 2023 (S 1677) would restore voting rights for most U.S. citizens with criminal convictions who are not serving a felony sentence in prison. It requires states to notify individuals when they regain voting rights, with specific timelines for notification after sentencing or release from custody. The bill prohibits states from requiring payment of fines or fees to restore voting rights, affecting over 4.6 million disenfranchised citizens. It applies only to federal elections and would take effect for elections held after enactment.
Maddy summaryThis bill would create a federal paid family and medical leave insurance program, providing wage replacement benefits for workers who need time off for family or medical reasons. Eligible workers would receive up to $4,000 per month (with a minimum of $580), calculated as 85% of the first $1,257 in monthly earnings, 69% of the next $2,243, and 50% of any amount above that. The program would be funded through 0.2% payroll taxes on both employees and employers, administered by the Social Security Administration. It would directly affect workers who meet income requirements, with benefits available for up to 60 caregiving days per benefit period.
Maddy summaryThis bill removes barriers for people with drug-related convictions seeking government assistance. It amends welfare law (PRWORA) to allow states to provide Temporary Assistance for Needy Families (TANF) benefits to individuals with such convictions through state programs. It also invalidates state rules that deny Supplemental Nutrition Assistance Program (SNAP) food aid based on drug convictions and adds incarcerated individuals scheduled for release within 30 days to SNAP eligibility. The law directly affects formerly incarcerated people seeking welfare or food assistance in states that previously restricted these benefits due to past drug offenses.
Maddy summaryThis bill requires law enforcement agencies to collect and report disability status data during interactions with individuals with disabilities. It establishes an advisory council (with over 50% members having disabilities) to develop standardized data collection methods, which the Bureau of Justice Statistics must implement in its Police-Public Contact Survey. The bill also amends death-in-custody reporting to mandate inclusion of disability status in all federal submissions. These requirements apply to state and federal law enforcement agencies that report to federal databases.