Maddy summaryThis bill, titled the Working Americans' Tax Cut Act, proposes two main tax changes: it creates an alternative maximum tax rate of 25.5% for low- and middle-income individuals earning less than 175% of a cost-of-living exemption, and it imposes a progressive surcharge on high-income individuals earning over $1 million. The low-income provision calculates taxes based on income above a living expense threshold that adjusts annually with inflation, while the high-income surcharge applies rates of 5%, 10%, and 12% to income brackets above $1 million, $2 million, and $5 million respectively. Both provisions use modified adjusted gross income as the base for calculations and apply to taxable years beginning after December 31, 2025. The bill would directly affect individual taxpayers by altering how their income is taxed under the Internal Revenue Code.
Sponsored bills
Maddy summaryThis bill, titled the Tariff Refunds for Working Families Act, would create a new tax credit for eligible individuals in 2026, providing $600 per adult and $600 per qualifying child. The credit is limited to taxpayers with adjusted gross income below $180,000 for joint filers, $120,000 for heads of household, and $90,000 for other filers. The legislation states that the revenue for these rebates would come from tariffs described as unlawful, including those imposed under the International Emergency Economic Powers Act. Payments would be issued rapidly after enactment, with no interest allowed on the refunds, and the bill includes provisions for coordinating payments with U.S. territories.
Maddy summaryThis bill, titled the Failed Bank Executives Clawback Act, would give the Federal Deposit Insurance Corporation and federal regulators the authority to recover compensation from executives and other high-level personnel at banks that have failed. It directly affects directors, officers, controlling stockholders, and other individuals found primarily responsible for a bank's failure at institutions with over $10 billion in assets. The law would require these individuals to return bonuses, stock awards, and other compensation received in the three years before the bank's insolvency or resolution, with recovered funds going into the Deposit Insurance Fund. Additionally, the bill clarifies the Corporation's authority to take over certain financial companies regardless of how the takeover process was initiated.
Reclaim Trade Powers Act This bill repeals the statute that directs the President to take certain actions, such as imposing a tariff of up to 15% for up to 150 days on articles imported into the United States, when necessary to address large and serious U.S. balance-of-payments deficits or certain other situations that present fundamental international payments problems.
Maddy summaryThis bill would require the U.S. Treasury to produce and sell three types of commemorative coins honoring firefighters and the National Fallen Firefighters Memorial. The legislation authorizes the minting of up to 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar coins, all featuring designs that recognize firefighter service and sacrifice. All coins would be legal tender, but they would be sold at a price that covers production costs plus a surcharge, with the surcharge funds going to the National Fallen Firefighters Foundation. The coins would only be available for purchase during a one-year window starting in 2029, and the Treasury must ensure the program does not result in a net cost to the federal government.
Living Donor Protection Act of 2025 This bill prohibits life insurance, disability insurance, and long-term insurance carriers from denying or otherwise restricting coverage for living organ donors. Specifically, carriers may not deny, cancel, vary premiums, or otherwise impose conditions on policies based on an individual's status as a living organ donor. The bill also expressly specifies that recovery from organ-donation surgery constitutes a serious health condition that entitles eligible employees to job-protected medical leave. In addition, the Department of Health and Human Services must update educational materials on living organ donation to include information about the benefits and risks of living organ donation and the impact of donation on insurance access, particularly with respect to the bill's changes.
Maddy summaryThis bill, titled the Small Business Liberation 2.0 Act, exempts small businesses from import duties imposed under Section 122 of the Trade Act of 1974 and requires refunds of any such duties already paid by small businesses. It also prohibits companies from raising prices on affected goods by more than the cost of the duties themselves during a five-year period following duty implementation. The Federal Trade Commission would enforce these rules, with state attorneys general allowed to bring civil actions against violators, while small businesses remain exempt from the price gouging restrictions.
Maddy summaryThis bill, known as the Professional Degree Access Restoration Act, aims to restore federal student loan limits that were previously reduced for graduate and professional students. It directly affects students pursuing advanced degrees such as law, medicine, and education by increasing the amount of federal loans they can access. The legislation reverses specific loan cap reductions established by Public Law 119-21, allowing students to borrow more money during their period of instruction. By amending the Higher Education Act of 1965, the bill removes certain restrictions on annual and aggregate loan amounts for these student categories.
Maddy summaryThis bill would extend the time limit for prosecuting foreign bribery offenses under the Foreign Corrupt Practices Act from the current standard to 10 years. It directly affects individuals and companies accused of bribing foreign officials by giving prosecutors more time to build cases. The law would apply to all such offenses committed after the bill's enactment, except those occurring within five years before the law takes effect. The provision includes a sunset clause, meaning it would expire eight years after being enacted.
Maddy summaryThe Supplemental Security Income Restoration Act of 2026 updates eligibility rules and benefit amounts for the Supplemental Security Income (SSI) program, which provides financial assistance to low-income individuals with limited resources. The bill increases income and resource limits for SSI recipients, exempts certain retirement accounts and tribal welfare payments from counting toward eligibility limits, and extends the SSI program to U.S. territories including Puerto Rico, the U.S. Virgin Islands, Guam, and American Samoa. Additionally, the legislation repeals a marriage penalty that previously reduced benefits for married couples and clarifies how various state tax credits and in-kind support are treated when determining eligibility.