Maddy summaryThis bill amends the Bank Service Company Act to improve coordination between federal and state banking regulators. It requires federal examiners to notify and coordinate with state banking agencies when examining bank service companies (which provide services to banks) if a state bank owns or is involved with the company. Key provisions include mandating reasonable notice to state agencies, avoiding duplicate examinations, and allowing shared access to examination information under the same rules as for regular banks. The bill directly affects federal banking agencies, state banking regulators, and bank service companies operating under state bank ownership. It does not change existing state authority to examine these companies if state law already permits it.
Sponsored bills
Maddy summaryThis Senate resolution (SRES 200) expresses support for designating April 30-May 6, 2023, as "National Small Business Week" to honor small businesses and entrepreneurs across the United States. It recognizes that small businesses (over 33 million nationwide supporting 62 million jobs) are vital to the U.S. economy and highlights their resilience. The resolution specifically calls for celebrating their contributions, acknowledging challenges they face, and supporting efforts to improve access for underserved small businesses. As a symbolic gesture - not a law - it does not create new policies or funding but formally recognizes small business impact.
Maddy summaryThis resolution designates the week of April 23-29, 2023, as "National Water Week" through a symbolic Senate resolution. It does not create new laws or funding but aims to raise awareness about water access challenges facing communities across the U.S., including over 2 million people lacking basic water services and rural systems struggling with infrastructure costs. The resolution highlights issues like aging infrastructure, emerging contaminants, and the need for equitable water solutions without proposing specific policy changes. As a procedural resolution, it has no binding effect but serves to recognize water-related priorities.
Maddy summarySRES 106 is a 2023 U.S. Senate resolution condemning China's implementation of the Hong Kong national security law and related actions. It specifically criticizes the law's use to suppress dissent, target figures like pro-democracy advocate Jimmy Lai and Cardinal Zen, and undermine Hong Kong's autonomy under the "one country, two systems" framework. The resolution urges governments to hold China accountable, supports Hong Kong residents' fundamental freedoms, and calls for dropping all national security law charges against detainees. It does not create new laws or impose direct consequences but serves as a symbolic expression of congressional concern about Hong Kong's political rights and rule of law.
Maddy summaryThe RESTART Act (S 1449) streamlines environmental reviews under the National Environmental Policy Act by setting page limits (150 pages for standard environmental impact statements, 300 for complex projects) and strict timelines (2 years for final environmental impact statements, 1 year for environmental assessments). It limits judicial review by requiring lawsuits to be filed within 60 days of publication and setting 180-day deadlines for courts to resolve cases. The bill also modifies Clean Water Act permitting requirements and includes specific provisions expediting approval for the Mountain Valley Pipeline project. These changes primarily affect federal agencies conducting environmental reviews, project sponsors seeking permits, and states involved in environmental permitting processes.
Maddy summaryThe Access Technology Affordability Act of 2023 creates a new federal tax credit for individuals who purchase qualifying access technology for blind family members. It allows taxpayers to claim a credit of up to $2,000 per year (adjusted for inflation after 2024) for hardware, software, or IT that converts visual information into formats usable by blind individuals, such as screen readers or braille displays. The credit applies to the taxpayer, their spouse, or dependent blind family members, with a lifetime limit of $2,000 over any three consecutive years. The credit expires after 2028 and cannot be claimed for expenses already covered by other tax benefits.
Lifting Our Communities through Advance Liquidity for Infrastructure Act or the LOCAL Infrastructure Act This bill reinstates tax provisions relating to advance refunding bonds. An advance refunding bond is a tax-exempt bond issued by a state or municipality to refinance or consolidate existing bond obligations.
Maddy summaryThe Rural Jobs Act allocates $500 million annually (for 2023 and 2024) of the New Markets Tax Credit specifically for investments in designated rural areas called "Rural Jobs Zones." These zones must exclude cities/towns over 50,000 population or adjacent urban areas, and require at least 25% of funds to target persistent poverty counties or high migration rural counties. The bill directly affects community development groups focused on job creation in rural regions by providing tax credit funding for equity investments in these areas. It modifies existing tax credit rules to prioritize economic development in underserved rural communities without changing overall tax rates.
Maddy summaryThe Nurse Corps Tax Parity Act of 2023 changes the tax treatment for certain payments received by nurses in the Nurse Corps program. It makes payments and scholarships under the Public Health Service Act's Section 846 tax-exempt, aligning them with similar benefits under other programs. This directly affects nurses participating in the Nurse Corps who receive these specific educational or service payments. The change applies to taxable years beginning after the bill's enactment date.
Maddy summaryThis bill creates an exemption from federal environmental liability for fire departments and facilities using specific firefighting foam. It protects entities with approved fire suppression systems that release PFAS-containing foam during lawful activities like training or emergency responses, provided the system meets current fire codes and engineering standards. The exemption does not apply if the entity acts with gross negligence or continues using the foam 5 years after safer alternatives become available. This directly affects fire departments, airports, and industrial facilities that use aqueous film-forming foam (AFFF) containing PFAS chemicals, shielding them from CERCLA cleanup cost claims for routine discharges.