Maddy summaryHR 556, the 21st Century Dollar Act, requires the U.S. Treasury Secretary to develop and report to Congress on a strategy to maintain the dollar's role as the primary global reserve currency. The bill mandates a detailed report within 180 days of enactment, covering implementation measures, legislative recommendations, assessments of foreign digital currencies (especially China's renminbi), and risks to U.S. interests from international currency trends. The Treasury must also submit annual updates on this strategy and provide an assessment of China's currency policies and cross-border payment systems. The requirement expires 7 years after the bill becomes law. This bill directly affects the Treasury Department and Congress, focusing on concrete reporting obligations rather than new spending or regulations.
Sponsored bills
Maddy summaryThe Educational Choice for Children Act creates tax credits for individuals and corporations that contribute to scholarship granting organizations providing education scholarships. Individuals can claim a credit up to $5,000 or 10% of their income, while corporations can claim up to 5% of taxable income. The scholarships are available to students from households with income up to 300% of the area median income, and can be used for private school tuition, tutoring, and other educational expenses at elementary and secondary schools. The bill includes strict requirements for scholarship organizations to verify income, conduct audits, and prevent misuse of funds, while also prohibiting government control over these organizations and protecting private and religious schools from discrimination in the program. It establishes a $10 billion annual cap on the total tax credits available.
Maddy summaryThis bill requires federal agencies to create a public database containing detailed information about settlement agreements they enter into, such as the nature of violations, payment amounts, and affected State/local governments. Agencies must submit categorized, searchable data - including settlement terms, penalties, and economic justifications - within 90 days of guidance from the Office of Management and Budget, with all information remaining public for at least 5 years after settlement ends. The database directly affects federal agencies (as data reporters) and indirectly informs State/local governments listed as impacted by settlement terms. It does not alter settlement processes but increases transparency around how federal agencies resolve legal cases involving alleged violations of civil or criminal law.
Maddy summaryThis bill requires healthcare providers to give the same medical care to infants born alive during abortions as they would to any newborn, and to immediately admit such infants to a hospital. It mandates reporting of non-compliance to law enforcement and imposes penalties including up to 5 years in prison for violations. Women who undergo abortions can file civil lawsuits seeking money damages for injuries, three times the abortion cost, and punitive damages if care standards are not met. The bill also clarifies that abortion includes intentionally killing an unborn child or terminating pregnancy without specific exceptions (e.g., after viability to preserve life or removing a dead fetus).
Maddy summaryThis bill establishes Military Education Savings Accounts for children of active duty military members. Parents can use funds (starting at $6,000 for the first year, adjusted for inflation annually) to pay for private school tuition, online learning, tutoring, educational materials, and other approved educational expenses. Priority for funding is given to children of enlisted members and siblings of previously enrolled children if funds are limited. Account holders must agree to certain educational standards and not enroll their children full-time in public schools while using the accounts. Unused funds roll over annually, and any remaining funds at account termination return to the Treasury.
Maddy summaryThe Putting Investors First Act of 2023 requires proxy advisory firms (companies that provide voting recommendations to investors) to register with the Securities and Exchange Commission and disclose potential conflicts of interest. It mandates these firms to establish procedures ensuring recommendations are based on accurate information, provide public companies with reasonable time to review data used in recommendations, and maintain an ombudsman for complaint resolution. The bill also requires investment advisors and asset managers with over $100 million in assets to report how they use proxy advice and provide economic analysis for votes not aligned with board recommendations. Additionally, it prohibits "robovoting" (automatically voting based on proxy advice) and mandates ESG funds to disclose performance comparisons with standard index funds. The legislation aims to increase transparency and accountability in the proxy advisory industry to better protect investor interests.
Maddy summaryHCONRES 3 is a non-binding congressional resolution expressing support for pro-life facilities, groups, and churches targeted by vandalism and threats following the Supreme Court's Dobbs decision. It condemns specific incidents like graffiti, window-smashing, and arson at pregnancy centers and churches (e.g., in Frederick, MD, and Portland, OR), while recognizing the role of these organizations in supporting pregnant women. The resolution calls on the Biden Administration to use law enforcement to protect these facilities but does not create new laws or policies. As a symbolic measure, it has no legal effect on the incidents described.
Standardizing Thresholds Of Penalties for Fentanyl Act or the STOP Fentanyl Act This bill reduces the drug quantity thresholds that trigger a mandatory minimum prison term for a defendant who manufactures, distributes, imports, exports, or possesses with intent to distribute fentanyl. The bill also creates enhanced criminal penalties for certain violations involving fentanyl that was imported along the U.S.-Mexico border. Specifically, the bill reduces from 400 to 5 grams the fentanyl quantity and from 100 to 0.05 grams the fentanyl analogue quantity that trigger a mandatory minimum prison term for high-level first-time or repeat offenders. It also reduces from 40 to 0.5 grams the fentanyl quantity and from 10 to 0.005 grams the fentanyl analogue quantity that trigger a mandatory minimum prison term for low-level first-time or repeat offenders. Additionally, the bill creates enhanced mandatory minimum prison terms for importing or exporting fentanyl that was imported along the U.S.-Mexico border.
Maddy summaryHR 330, the Title X Abortion Provider Prohibition Act, prohibits federal funding under the Title X family planning program for clinics that perform or fund abortions, except in cases of rape, incest, or when a physician certifies a life-threatening condition. It requires clinics receiving Title X funds to certify they do not provide or fund abortions (with the specified exceptions), and hospitals are exempt if they don't fund non-hospital abortion providers. The bill mandates annual reports to Congress listing all funded clinics, the number of abortions performed under exceptions (including rape/incest cases), and the certification dates for each clinic. This directly affects Title X-funded clinics nationwide that provide abortion services or fund such services, altering their eligibility for federal funding. The law aims to restrict federal support for abortion access within the Title X program while maintaining limited exceptions.
Maddy summaryThis bill requires family planning services funded under Title V of the Social Security Act to provide pamphlets containing regional adoption center contact information to patients during consultations about medical or abortion services. The pamphlets must include a comprehensive list of adoption centers in the region, along with each center's address and phone number. It mandates that services offer patients the opportunity to read these pamphlets at the time of inquiry. The provision uses existing Title V funding and does not create new financial obligations.