Sen. Steve Daines

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Overdraft Lending: Very Large Financial Institutions and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.

Maddy summaryS 1672, the Forest Protection and Wildland Firefighter Safety Act of 2025, modifies a permit rule under the Federal Water Pollution Control Act to streamline firefighting operations. It adds an exception allowing the aerial application of fire retardants listed on the Forest Service's Qualified Products List without requiring a separate pollution discharge permit during wildfires. This directly affects wildland firefighters and federal agencies (like the Forest Service) using these approved products during emergency fire suppression. The key change removes a bureaucratic barrier for using essential firefighting chemicals during active fire events.

Maddy summaryS 1675 would amend federal death penalty law to add a new aggravating factor for capital sentencing. Specifically, it would allow the death penalty to be considered if a defendant is an alien who entered or remained in the U.S. illegally and was convicted of killing, attempting to kill, or conspiring to kill a U.S. citizen. This provision directly affects defendants in federal murder cases who meet both criteria: violating immigration laws and committing violent crimes against citizens. The bill changes sentencing guidelines by expanding the circumstances under which the death penalty could be applied.

Maddy summaryS 1696, the DRIVE Act, prohibits the Federal Motor Carrier Safety Administration (FMCSA) from creating rules requiring speed limiting devices on commercial trucks. It directly affects trucking companies, drivers, and manufacturers of commercial motor vehicles (like 18-wheelers) by blocking a specific regulation. The bill prevents the FMCSA from mandating that these vehicles be equipped with devices that limit their maximum speed. This is a procedural change that stops a potential future rule, not a current requirement.

Maddy summaryThis bill increases tax deductions for small businesses and manufacturers by raising limits on expensing equipment and assets. It permanently extends a business interest deduction rule and boosts the Section 179 deduction cap from $1 million to $2.5 million (with the phaseout threshold rising from $2.5 million to $4 million). The changes apply to property placed in service after December 31, 2024, and include inflation adjustments starting in 2025. These provisions directly benefit eligible small businesses and manufacturers by reducing their taxable income when purchasing qualifying equipment.

Maddy summaryThe INDEX Act (S 1670) requires investment advisers managing passively tracked funds (like index funds) to vote proxy ballots according to their clients' instructions, directly affecting millions of retail investors who own these funds. It mandates that advisers vote shares proportionally based on client ownership percentages - e.g., if 20% of a fund's clients hold shares, their voting preference applies to 20% of the fund's votes. Exceptions allow advisers to vote "routine" matters (like board elections) without client input if instructions aren't received 10 days prior, or to mirror other shareholders' votes for majority-required proposals. The bill aims to align voting with investor preferences while prohibiting advisers from charging funds for compliance costs.

Traveler Privacy Protection Act of 2025 This bill limits the use of facial recognition or matching technology (e.g., matching and identification software) in airports for passenger screening. In general, the bill restricts the Transportation Security Administration’s (TSA’s) use of the technology to performing passenger identity verification at airport screening locations. The TSA must notify passengers prior to each use of the technology and receive affirmative express consent. If a passenger opts out of the use of the technology, then the TSA must perform identity verification using an approved identification document (e.g., a state driver's license) without collecting biometric information (e.g., fingerprints). For a passenger using a trusted traveler program (e.g., Global Entry), the TSA must provide notice on the use of the technology at the time of program enrollment and renewal and as the passenger approaches the point of identity verification. The passenger must have the option to opt out. The bill prohibits the TSA from (1) subjecting a passenger who opts out of the screening to discriminatory treatment or less favorable screening conditions; (2) using the technology to track or identify passengers outside of the screening location or to enable systemic, indiscriminate, or wide-scale monitoring, surveillance, or tracking; and (3) sharing biometric information collected through the use of the technology. The bill also limits the amount of time that the TSA may store the information collected. Further, these restrictions and requirements apply to the TSA's use of the technology in other specified circumstances (e.g., employee screenings).

Maddy summaryThis bill allows businesses to immediately deduct research and development (R&D) costs instead of spreading them over 60 months, directly benefiting companies investing in innovation. It increases the refundable R&D credit cap for small businesses from $250,000 to $750,000 over time, with specific phase-in amounts starting in 2025. Additionally, it expands access for startups by raising the gross receipts threshold for eligibility from $5 million to $15 million and increasing credit rates for qualified small businesses. These changes aim to make R&D tax incentives more accessible and valuable for smaller companies and new ventures.

Maddy summaryThis bill reauthorizes and updates the Collaborative Forest Landscape Restoration Program through 2034, extending its current authorization period. It increases the annual funding cap for proposals from $4 million to $8 million and adds new requirements for projects addressing wildfire risk, watershed health, and ecological restoration across public, tribal, state, and private lands. The bill also expands the program's focus to include monitoring for species or pathogens and requires federal staffing plans for collaborative groups. It directly affects federal agencies like the Forest Service and collaborative groups managing forest restoration projects nationwide. The changes aim to strengthen existing partnerships and address evolving forest management challenges.

Maddy summarySRES 206 is a symbolic Senate resolution supporting National Nurses Week, to be observed May 6-12, 2025. It recognizes nurses’ contributions to healthcare, highlights their role as patient advocates and leaders in public health, and acknowledges their impact across all stages of life. The resolution encourages the public to observe the week with recognition and activities but does not create new laws or alter policies. It directly honors the nursing profession, which includes over 4.9 million registered nurses in the U.S., without imposing any requirements on government or institutions.