Sen. Bill Cassidy

Maddy summaryThis bill restores a rule limiting tax deductions for gambling losses to the amount of gambling winnings. It affects individuals and businesses engaged in wagering activities, such as sports betting or casino gambling. The key provision requires that losses from wagering transactions can only offset gains from those same transactions, eliminating deductions for excess losses. The rule applies to tax years beginning after December 31, 2025.

Maddy summaryS 2225, the Prevent Interruptions in Physical Therapy Act of 2025, allows physical therapists to use temporary replacement therapists (locum tenens) under Medicare for outpatient physical therapy services. The bill amends Medicare rules to apply the same provisions currently used for physicians' services to physical therapy services, meaning therapists can now fill in gaps during staff shortages without disrupting patient care. This directly affects physical therapists providing Medicare-covered outpatient therapy and Medicare beneficiaries receiving those services. The change takes effect after the bill is enacted, ensuring continuity of care when therapists are unavailable.

Maddy summaryThis bill amends the Fair Labor Standards Act (FLSA) to clarify key definitions. It adds "as determined under the usual common law rules" to the definition of "employee" (Section 3(e)(1)) and inserts "employee" after "permit" in the definition of "employ" (Section 3(g)). These changes aim to standardize how worker classification is determined under existing law, directly affecting how the FLSA's minimum wage and overtime protections apply to workers. The bill does not create new benefits but refines the legal framework for applying current protections.

Maddy summaryThe Independent Retirement Fairness Act (S 2217) creates new retirement savings options for independent workers - such as freelancers, gig workers, and contractors - who typically lack employer-sponsored plans. It allows these workers to join "pooled employer plans" (managed by trade associations or employers) as if they were employees, without changing their independent status, and adjusts Simplified Employee Pension (SEP) plans to include them. Key provisions let employers treat independent workers as eligible for retirement contributions, exclude them from employee count calculations for plan rules, and redirect cash bonuses into retirement savings. The bill also establishes pilot programs to automate retirement savings through rounding down payments or scheduled deductions.

Maddy summaryThis bill changes how federal law determines if an independent worker (like a freelancer or gig worker) is classified as an employee. It prevents employers from using portable benefits (such as health insurance or retirement plans maintained without ongoing work) as a factor in that determination. Specifically, it prohibits considering whether a worker has access to benefits common to full-time employees, receives employer contributions to benefits, or contributes to benefits. As a result, independent workers who currently lack employee status for benefits may become eligible for protections like minimum wage, overtime, and unemployment insurance under federal law.

Maddy summaryS 2207 defines digital assets for tax purposes and creates a de minimis rule allowing taxpayers to exclude small gains or losses from digital asset transactions (under $300 per transaction, with a $5,000 annual limit). The bill amends tax treatment for digital asset lending agreements, wash sales (with specific exceptions for payment stablecoins), and creates a mark-to-market election for dealers and traders in digital assets. It also defers income recognition for digital asset mining and staking activities until the assets are sold, and allows charitable contributions of actively traded digital assets. These provisions apply to taxable years beginning after 2025 and will terminate after December 31, 2035.

Maddy summaryThis resolution designates June 19, 2025, as "Juneteenth National Independence Day" to commemorate June 19, 1865 - the date Union troops in Galveston, Texas, delivered news of emancipation to enslaved people in the Southwest, months after the Civil War ended. It recognizes the historical significance of this date, when news of the end of slavery finally reached enslaved people in Texas. The resolution supports nationwide observance of Juneteenth to honor the emancipation of enslaved people and reflect on U.S. history. It does not create new laws or policies but formally acknowledges this date as part of the nation's heritage.

Maddy summaryThis is a symbolic concurrent resolution (not a law), expressing congressional support for U.S. law enforcement officers. It highlights statistics on officer safety risks, traumatic incidents, and line-of-duty deaths, then calls for increased safety measures, resources, and mental health support - without mandating specific actions or funding. The resolution does not change policy or affect any individuals directly; it serves only to publicly affirm support. It was passed unanimously by the Senate on June 18, 2025.

Maddy summaryThe GUARD Veterans' Health Care Act (S 2145) requires Medicare Advantage plans and prescription drug plans to reimburse the Department of Veterans Affairs (VA) for health care services provided to veterans enrolled in those plans. The bill establishes a clear reimbursement process with a 45-day payment timeline, interest for late payments, and penalties for noncompliance, including triple damages for willful failures to pay. It also modifies VA's authority to recover costs for care provided to veterans with non-service-connected disabilities from third parties like insurance companies. These provisions apply to Medicare Advantage and prescription drug plan years beginning on or after January 1, 2026.

Maddy summarySRES 227 is a non-binding Senate resolution strongly condemning Hamas for its October 7, 2023, attacks on Israel and demanding the immediate release of all 58 remaining hostages held in Gaza. It specifically calls for Hamas to provide medical care, release hostages including four U.S. citizens (Itay Chen, Omer Neutra, Judi Weinstein, and Gad Haggai), and return them safely. The resolution cites Hamas's actions as violations of international law, including the Geneva Conventions, and expresses sympathy for victims and their families. It does not create new laws or funding but formally expresses the Senate's position and urges the White House to continue efforts for hostage releases.