Sen. Bill Hagerty

Maddy summaryS 2230, the Protecting Investors’ Personally Identifiable Information Act, prevents the Securities and Exchange Commission (SEC) from requiring financial exchanges and their members to report investors' personal details like names, addresses, or Social Security numbers under routine data reporting rules. The SEC may only request such information during an investigation into suspected securities law violations, and must destroy it within 24 hours after the investigation concludes. This directly affects national securities exchanges, associations, and their members who handle market participant data. The bill aims to limit unnecessary collection and retention of sensitive investor information while maintaining enforcement capabilities.

Maddy summaryThis joint resolution (SJRES 36) seeks congressional disapproval of a Department of Labor rule (88 Fed. Reg. 12842, March 1, 2023) that would have removed religious exemption provisions from the Equal Opportunity Clause requirements for federal contractors. If approved, it would prevent the rule from taking effect, meaning federal contractors would continue to be required to comply with the Equal Opportunity Clause without the religious exemption previously allowed. The bill directly affects federal contractors subject to the Office of Federal Contract Compliance Programs' (OFCCP) regulations. It is a procedural disapproval measure under Title 5, U.S. Code, not a new policy change.

Maddy summaryThis resolution (SRES 273) expresses the U.S. Senate’s support for strengthening economic ties between the United States, Canada, and countries in Latin America and the Caribbean through "nearshoring" - relocating supply chains from China to the Western Hemisphere. It highlights vulnerabilities in U.S. supply chains dependent on China (citing pandemic disruptions and China’s use of critical goods as political tools) and emphasizes nearshoring’s benefits, including reduced shipping costs, stronger democratic partnerships, and job creation. The resolution urges U.S. agencies like the State Department, USAID, and the Development Finance Corporation to support nearshoring initiatives by helping partner countries improve infrastructure, combat corruption, and meet labor/environmental standards. It directly affects U.S. foreign policy implementation and governments in Latin America/Caribbean seeking to attract supply chain investments.

Maddy summaryS 2210, the Iran Sanctions Relief Review Act, requires the President to submit a detailed report to Congress before terminating, waiving, or significantly altering U.S. sanctions on Iran. Congress then has 30 days (or 60 days during summer months) to review the proposal through committee hearings and decide whether to approve or disapprove it via joint resolution. During this review period, the President cannot implement the sanction change without Congressional approval. The bill directly affects the executive branch's ability to modify Iran sanctions policy and gives Congress formal oversight authority over major foreign policy shifts related to Iran.

Maddy summaryThe Depositor Protection Act of 2023 increases federal deposit insurance coverage for noninterest-bearing transaction accounts to $100 million per depositor at insured banks. Smaller banks with less than $250 billion in total assets may opt out of this higher coverage without facing additional fees. The enhanced coverage is temporary, reverting to standard limits after two years. The bill also adjusts reciprocal deposit limits (raising the cap from $5 billion to $10 billion) and modifies bank resolution procedures to address secondary costs to the Deposit Insurance Fund.

Maddy summarySRES 263 is a symbolic Senate resolution commemorating June 19, 2023, as "Juneteenth National Independence Day" to recognize June 19, 1865 - the date Union troops announced the end of slavery in Texas. It honors the historical significance of this date, when news of emancipation reached enslaved people in the Southwestern U.S. after the Civil War. The resolution does not create new laws or policies but formally acknowledges this observance as part of U.S. history and heritage, supporting nationwide recognition of the event. It affects all Americans by affirming a shared historical moment in the nation's journey toward freedom.

Maddy summarySRES 254 is a 2023 Senate resolution that symbolically condemns antisemitism and endorses the International Holocaust Remembrance Alliance's (IHRA) widely adopted working definition of antisemitism. It urges U.S. federal, state, and local governments, along with academic institutions and civil society groups, to use the IHRA definition as a standard tool for identifying and addressing antisemitism. The resolution specifically highlights examples of antisemitism, such as Holocaust denial, conspiracy theories about Jewish control, and blaming Jewish communities for Israel's actions. As a non-binding resolution, it does not create new laws or directly affect any group but formally supports the IHRA definition's global use in combating antisemitism.

Maddy summaryS 2005, the Mandatory Materiality Requirement Act of 2023, would require the Securities and Exchange Commission (SEC) to specify in new disclosure rules that public companies must only disclose information the company determines is important for investment decisions. The bill amends the Securities Acts of 1933 and 1934 to mandate that the SEC explicitly state in rulemaking that disclosure obligations apply only when information is material - meaning a reasonable investor would consider its omission significant to their decision. This applies to all SEC rulemaking on disclosure requirements for public companies, though it excludes rules that would reduce disclosure burdens. The bill does not change current disclosure standards but alters how future SEC rules must be structured.

Maddy summaryThis bill prohibits U.S. foreign aid to countries designated as state sponsors of terrorism under the Foreign Assistance Act of 1961. It amends Section 620A by removing existing exceptions that allowed aid despite terrorism designations, including language related to the Export-Import Bank. The key change eliminates prior exemptions, requiring a complete halt to all U.S. foreign assistance for these countries. This directly affects nations like Iran, Syria, and North Korea, which are currently listed as state sponsors of terrorism by the U.S. government. The policy change takes effect immediately upon enactment, with no funding permitted for these countries under the amended law.

Maddy summaryThis bill prohibits state and local governments from imposing additional production standards on agricultural products grown in another state but sold in interstate commerce, unless those standards already apply under federal law or the state where production occurs. It directly affects farmers, distributors, and businesses operating across state lines by preventing states from creating new barriers to interstate agricultural trade. Key provisions include creating a federal legal right for affected parties to challenge such state regulations in court, with automatic preliminary injunctions to halt enforcement pending resolution. The law also sets a 10-year limit for filing lawsuits and specifies where cases can be heard.