Maddy summaryThis bill requires the Securities and Exchange Commission (SEC) to establish rules allowing financial firms (like investment companies, brokers, and advisers) to deliver regulatory documents electronically to investors. Covered entities must provide initial paper copies to investors not using electronic delivery, offer a 180-day transition period, and send annual paper reminders for two years about the option to opt out of electronic delivery. Investors can always choose paper versions, and firms must ensure electronic documents are secure, readable, and reliably delivered. The SEC must finalize these rules within one year of the bill's enactment, with firms permitted to use electronic delivery immediately if the SEC misses the deadline. This changes how investors receive financial disclosures but does not alter the content or timing of required documents.
Sponsored bills
Maddy summaryThe Veterans Health Care Freedom Act establishes a 3-year pilot program (starting one year after enactment) in at least four VA service networks, allowing eligible veterans enrolled in VA health care to choose their primary and specialty care providers from a broader network of VA facilities and non-VA providers with VA agreements. It removes current restrictions requiring veterans to use providers only in their local VA network or limiting non-VA care to situations where VA care was "unavailable." After the pilot, these expanded choices become permanent, meaning veterans will always be able to select providers without those restrictions and VA will provide care at any VA facility, regardless of the facility's network location relative to the veteran's residence.
Maddy summaryThis bill imposes a new tax on entities receiving funding for civil lawsuits through litigation financing agreements. It requires a 3.8% surcharge (added to regular income tax rates) on profits from such funding, applied at the entity level for businesses like partnerships. The tax applies to third parties (e.g., corporations, individuals) who receive funds for lawsuits but excludes small agreements under $10,000 and standard loans with interest capped at 7% or 2x Treasury rates. The tax takes effect for 2026 taxable years, with 50% of the tax withheld directly from settlement payments.
Maddy summaryThis bill amends SEC reporting rules for investment companies (like mutual funds) by allowing them to exclude fees related to investments in business development companies (BDCs) from their "acquired fund fees and expenses" calculations. It directly affects investment companies filing registration statements with the SEC, simplifying their fee disclosures. BDCs are a specific type of investment vehicle that often supports small businesses, but this bill does not change BDC operations or directly provide new capital access for small businesses. The change only modifies how investment companies report certain fees in their registration documents.
Maddy summarySRES 235 is a symbolic Senate resolution designating May 17, 2025, as "Kids to Parks Day." It recognizes the annual event focused on encouraging children and families to visit public parks and natural spaces for outdoor recreation. The resolution highlights goals like promoting healthy lifestyles, environmental stewardship, and community engagement through free park access. It does not create new laws or requirements, but formally encourages Americans to observe the day with family park visits. This procedural resolution affects no specific group through policy changes - it solely serves as a ceremonial recognition.
Maddy summarySRES 232 is a symbolic Senate resolution designating May 2025 as "National Brain Tumor Awareness Month." It does not create new laws or funding but formally recognizes the need for greater public awareness about brain tumors, which affect over 93,000 annual diagnoses and impact patients, families, and caregivers. The resolution encourages nationwide awareness efforts, supports collaborative research to improve treatments, and honors individuals living with or affected by brain tumors. This designation is purely ceremonial and aims to elevate visibility for a condition with limited treatment advances and high mortality rates.
Maddy summaryThis bill enhances Civilian Conservation Centers (CCCs) operated by the Interior or Agriculture Departments to train underserved youth in conservation fields. It creates specialized wildfire and forestry training programs at CCCs, sets annual hiring goals (300 covered graduates per year for wildland firefighting roles), and allows direct hiring of graduates without standard civil service rules. The bill also establishes a housing pilot program using covered students to renovate federal housing for firefighters and other agency staff. These provisions directly affect CCC graduates (those who completed training) and current CCC students, aiming to build workforce pipelines for conservation and firefighting careers.
Maddy summaryThis bill (S 1779, the LOCOMOTIVES Act) amends the Clean Air Act to prevent states from setting their own emissions standards for locomotives and engines used in locomotives. It specifically removes exemptions for smaller nonroad engines and clarifies that all locomotives engaged in commercial railroad transportation (as defined by federal law) fall under federal emissions regulations, not state rules. The key provision eliminates state authority over emissions standards for locomotives used in commerce, making federal EPA regulations the exclusive standard. This directly affects railroad companies operating locomotives and the Environmental Protection Agency, which would enforce the uniform federal standards.
Maddy summarySRES 220 designates the week of May 11-17, 2025, as "National Police Week" to honor law enforcement officers across the United States. The resolution recognizes officers who have been killed, disabled, or injured in the line of duty, including 234 officers honored for 2024 fatalities and 18 officers killed in 2025. It expresses the Senate’s support for law enforcement, acknowledges the need for adequate resources for officer safety, and encourages public observance to celebrate their service and sacrifices. This is a ceremonial resolution with no new policy or funding changes.
Maddy summaryThis bill prohibits payment card networks and covered entities (like payment processors) from requiring or assigning merchant category codes that distinguish firearm retailers from general merchandise or sporting goods stores. It directly affects firearm retailers (those selling guns or ammunition) and payment networks (such as Visa or Mastercard), ensuring their transactions are processed without special classification. Key provisions ban the use of discriminatory codes, establish an enforcement process through the Attorney General with complaint mechanisms, and preempt state or local laws on this issue. The bill does not change gun sales laws but alters how payment systems categorize firearm-related transactions. It explicitly states no private lawsuits can be filed under this law.