Maddy summaryS 427 (TAILOR Act of 2025) requires federal banking regulators (like the Federal Reserve and FDIC) to adjust rules based on each financial institution’s specific risk level and business model, rather than applying uniform regulations. It directly affects all federally regulated banks, particularly community banks, by limiting unnecessary regulatory burdens like costly reporting. Key provisions include tailoring rules to minimize costs (e.g., reducing reporting requirements for community banks eligible under the Community Bank Leverage Ratio, as specified in Section 3), documenting this tailoring in rulemaking notices, and submitting annual reports to Congress on implementation. The bill aims to modernize supervision while preserving flexibility for institutions serving local communities.
Sponsored bills
Maddy summaryS 383 (the JOBS Act of 2025) expands Federal Pell Grant eligibility to students enrolled in certain short-term job training programs at eligible institutions of higher education. The bill creates a "job training Federal Pell Grant" for programs meeting specific criteria: 150-600 clock hours over 8-15 weeks, aligned with high-demand industry sectors, and leading to recognized postsecondary credentials that meet employer hiring requirements or licensure prerequisites. It also lowers the minimum Pell Grant award from 10% to 5% of the full annual amount. This directly affects students seeking career-focused training and institutions offering qualifying programs that validate industry partnerships.
Maddy summaryThe Fair Access to Banking Act (S 401) prohibits large financial institutions ($10 billion+ in assets) and payment networks from denying services to lawful businesses based on political or reputational factors, such as the type of legal business they operate. It requires banks to justify denials using objective, risk-based standards instead of category-based decisions, and mandates written explanations for denials. The law enables lawsuits against violators with treble damages and civil penalties up to 10% of service value (capped at $10,000 per violation). It directly affects major banks, payment processors, and credit unions that serve large-scale customers, ensuring fair access for businesses operating within federal law.
Maddy summaryThis bill would eliminate diversity, equity, and inclusion (DEI) programs across federal agencies by requiring the closure of DEI offices, rescinding related executive orders (including those on racial equity and LGBTQ+ inclusion), and prohibiting federal funds from being used for DEI-related activities. It defines "prohibited diversity, equity, or inclusion practice" as including training that asserts certain groups are inherently superior or inferior, or requiring employees to sign statements about such concepts. The bill affects all federal agencies, personnel, contractors, and grantees by banning DEI training, offices, and related activities while exempting Equal Employment Opportunity offices and disability-related programs. It also creates a private cause of action allowing individuals to sue for violations with penalties of $1,000 per violation per day.
Maddy summaryS 364, titled the "Hearing Protection Act" (though it regulates firearm silencers, not hearing protection), changes federal law to treat firearm silencers like firearms for tax and regulatory purposes. It imposes a 10% federal tax on silencers (similar to firearms), preempts state laws that tax or regulate silencers beyond federal rules, and requires the destruction of existing silencer registration records within one year. The bill clarifies definitions of "firearm silencer" in federal law and modifies licensing requirements for these devices. This directly affects silencer owners, manufacturers, and state governments that previously imposed additional restrictions or taxes.
Maddy summarySRES 49 is a ceremonial Senate resolution designating the week beginning February 3, 2025, as "National Tribal Colleges and Universities Week." It recognizes Tribal Colleges and Universities (TCUs), which serve over 230 federally recognized tribes and provide culturally grounded education to Native and non-Native students in underserved communities. The resolution calls for public observance through activities that highlight TCUs' role in preserving indigenous languages, supporting tribal communities, and preparing students for the workforce. This symbolic measure does not create new laws or allocate funding, but aims to raise national awareness of TCUs' contributions.
Maddy summaryThis bill permanently prohibits U.S. foreign assistance funds from being used for abortions, involuntary sterilizations, or related biomedical research. It amends the Foreign Assistance Act of 1961 and the Peace Corps Act to block funding for organizations supporting coercive abortion or sterilization programs. The law directly affects all U.S. government programs distributing foreign aid, including international health and development initiatives. It ensures funds cannot cover abortion services as family planning, lobbying on abortion, or programs involving coercion.
Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act This bill allows, beginning in 2028, for Medicare coverage and payment for multi-cancer early detection screening tests that are approved by the Food and Drug Administration and that are used to screen for cancer across many cancer types, if the Centers for Medicare & Medicaid Services determines such coverage is appropriate. Coverage is limited to those under a certain age (age 68 in 2028, increased by one year every year thereafter) and to one test every 11 months.
Maddy summaryThis bill allows electrical utilities to remove vegetation near power lines on National Forest System land without needing a separate timber sale, provided the work follows existing land management plans and environmental laws. It directly affects utilities operating in national forests by streamlining vegetation management to reduce fire risks near transmission and distribution lines. If utilities sell the removed vegetation, they must share the proceeds (minus transportation costs) with the Forest Service, though the bill doesn't require them to sell the material. The key change simplifies permitting for routine line clearance while adding a financial mechanism for utility sales.
Maddy summaryThis resolution designates the week of January 26-February 1, 2025, as "National School Choice Week" to recognize the range of K-12 education options available to families, including public schools, charters, private schools, and homeschooling. It does not create new policies, funding, or requirements but encourages parents to learn about educational choices and promotes public awareness through events. The Senate formally acknowledges this annual observance without binding legislative action.