Sen. Jerry Moran

Maddy summaryThis bill, S 557, repeals Section 704B of the Equal Credit Opportunity Act, which required financial institutions to collect and report detailed data on small business loan applications. It directly affects banks and credit unions - especially smaller community institutions - that previously had to comply with these reporting rules. The key provision removes the data collection and reporting obligations, aiming to reduce administrative costs for lenders. This change would eliminate a specific regulatory requirement without altering how small business loans are issued or approved.

Maddy summaryThis resolution authorizes the Senate Committee on Veterans' Affairs to spend up to $2.67 million from the Senate's contingent fund for operations from March 2025 through September 2025, with additional limits of $4.58 million for fiscal year 2026 and $1.91 million through February 2027. It specifically permits the committee to hire staff, pay for consultant services (with annual caps of $58,000-$42,000), and cover staff training costs (capped at $40,000-$30,000 annually). The resolution outlines strict spending limits and procedures for reimbursing agency personnel services, while exempting routine administrative expenses like salaries and stationery from standard voucher requirements. This procedural resolution directly affects only the Committee on Veterans' Affairs, enabling its operational budgeting under Senate rules.

Maddy summaryThe Financing Our Energy Future Act (S 510) expands tax-qualified activities for green energy publicly traded partnerships under the Internal Revenue Code. It directly affects businesses investing in renewable energy projects by adding specific eligible activities, such as generating power from qualified renewable sources (e.g., solar, wind, or advanced nuclear), storing energy using new technology, capturing carbon dioxide, and producing low-emission fuels. Key provisions require new fuels to achieve at least a 60% reduction in lifecycle greenhouse gas emissions compared to baseline standards, and mandate that carbon capture facilities capture at least 50% of their carbon oxide output. The changes take effect for taxable years beginning after December 31, 2025.

Maddy summaryThis bill transfers all U.S. Agency for International Development (USAID) responsibilities related to the Food for Peace Act - including managing food aid programs, grants, permits, and regulations - to the U.S. Department of Agriculture (USDA). It directly affects USAID's Food for Peace operations and shifts program administration to the USDA Secretary, who will now handle all associated duties, assets, and legal authorities. The bill ensures continuity by requiring legal references to USAID to automatically apply to the USDA, and mandates the USDA to continue operating the Famine Early Warning Systems Network. Key provisions include immediate regulatory adjustments for program continuity and ongoing consultation with the State Department on food aid efforts.

Maddy summaryS 526, the Pharmacy Benefit Manager Transparency Act of 2025, requires pharmacy benefit managers (PBMs) - the middlemen managing drug coverage for health plans - to disclose financial details and stop unfair practices. It prohibits PBMs from keeping price differences between what they charge health plans and pay pharmacies, arbitrarily clawing back payments, or inflating fees to offset government-mandated changes. PBMs must annually report to the FTC and HHS on rebate sharing, fee structures, formulary changes, and reimbursement differences, including whether drug tier shifts were influenced by manufacturers. This directly affects PBMs, pharmacies, health plans, and patients by increasing transparency in drug pricing and reimbursement.

Maddy summaryS 505, the "Protect Small Businesses from Excessive Paperwork Act of 2025," extends the filing deadline for certain small businesses already subject to federal reporting requirements. It modifies a provision in 31 U.S. Code by changing the deadline from "before January 1, 2024" to "not later than January 1, 2026." This directly affects small businesses that must submit specific reports under existing law, giving them an additional two years to comply. The bill aims to reduce administrative burden by delaying the filing obligation.

Maddy summarySRES 64 is a Senate resolution honoring the 67 victims of a mid-air collision between American Airlines Flight 5342 and a U.S. Army aircraft near Washington, D.C., on January 29, 2025. It directly affects the families, friends, and communities of the victims, who were from multiple U.S. states and several countries. The resolution formally commemorates the lives lost, offers condolences to grieving families, and expresses gratitude to the 42 emergency response agencies that assisted in rescue and recovery efforts. As a commemorative resolution, it has no policy or legal effect beyond expressing collective mourning and recognition.

Maddy summaryThe CIRCUIT Act (S 448) expands a federal tax credit for advanced manufacturing to include distribution transformers, which are critical components in electrical power distribution systems. It provides a 10% tax credit for the production costs of these transformers, directly benefiting manufacturers that produce them. The bill defines "distribution transformer" using an existing term from the Energy Policy and Conservation Act and sets the credit to apply to transformers produced and sold 90 days after enactment. This policy change creates a new financial incentive for companies manufacturing these essential electrical infrastructure components.

Maddy summaryThis bill amends the Higher Education Act of 1965 to exempt certain family-owned assets from financial need calculations for college students. Specifically, it removes the net value of a family farm (where the family resides) or a small business (with 100 or fewer full-time equivalent employees) owned and controlled by the family from being counted as assets when determining federal financial aid eligibility. The change applies to need analysis for award years starting after the bill's enactment date. This policy directly affects students from qualifying family farms or small businesses when applying for federal student aid under Title IV programs.

Maddy summaryThis bill permanently extends the New Markets Tax Credit (NMTC) program, which incentivizes private investment in low-income communities. It modifies the tax code to keep the credit available beyond 2025 (replacing "2020 through 2025" with "2020 and each calendar year thereafter") and adds automatic annual inflation adjustments to the credit amount starting in 2026. The bill also provides tax relief by allowing NMTC credits to offset the alternative minimum tax, specifically for investments made after December 2024. This directly affects community development financial institutions (CDFIs) and investors who fund projects in designated low-income areas.