Maddy summaryThis bill increases the corporate tax rate on stock buybacks to 25 percent for large oil and gas companies that meet specific revenue and operational criteria. It targets corporations with an average annual gross receipt of at least $1 billion that are primarily engaged in producing, refining, processing, transporting, or distributing oil or natural gas. The higher tax rate applies only to stock repurchases made after the bill is enacted and before gasoline prices fall below $2.937 per gallon for five consecutive weeks. If gasoline prices drop below this threshold, the special tax provision ceases to apply, and companies may claim a partial reduction in their tax liability based on the duration of the high-price period.
Sen. Charles E. Schumer
Sponsored bills
Maddy summaryThis joint resolution seeks to reject a specific rule issued by the Department of Education concerning the William D. Ford Federal Direct Loan Program. If passed, it would nullify the rule and prevent it from taking effect, directly impacting federal student loan policies. The measure uses a congressional disapproval process under Title 5 of the United States Code to override the department's regulatory decision. It does not create new policies but instead stops an existing proposed regulation from being implemented.
Maddy summaryThis resolution honors the life and legacy of John Seymour, a late U.S. Senator from California, by formally acknowledging his public service and contributions. The document details his career highlights, including his roles as Mayor of Anaheim, his work in securing the relocation of the Los Angeles Rams, and his legislative achievements such as passing a major transportation bill. It also lists his committee assignments and advocacy for issues like special education, women's rights, and environmental protection. Finally, the resolution requests that the Senate Secretary communicate this tribute to the House of Representatives and send a copy to Seymour's family.
Maddy summaryThis Senate resolution formally recognizes Jewish American Heritage Month and urges leaders to combat antisemitism. It highlights the historical contributions of Jewish Americans to the United States, including their military service and cultural impact. The bill calls on elected officials and civil society leaders to condemn hate acts, educate the public about Jewish heritage, and ensure the safety of Jewish communities. It also commits to protecting religious freedom for all Americans.
Maddy summaryThe Jewish American Security Act aims to combat antisemitism by strengthening protections for Jewish students, securing Jewish communities, and increasing transparency regarding online hate speech. To support Jewish students, the bill requires schools receiving federal funds to designate coordinators for civil rights complaints, issue annual reminders about anti-discrimination policies, and publish detailed data on bias-related incidents. For community safety, the legislation increases funding for security grants for religious institutions and mandates joint annual threat assessments from federal agencies to track domestic and transnational antisemitic violence. Additionally, the act requires major online platforms to submit regular transparency reports detailing how they detect, remove, and moderate antisemitic content on their sites.
Maddy summaryThis bill, titled the Restoring Overtime Pay Act of 2026, raises the minimum salary required for employees to be exempt from federal overtime pay rules, directly affecting workers classified as executive, administrative, or professional staff. It establishes a specific salary schedule that starts at $45,000 per week and increases annually to $75,000 by 2029, after which the threshold will automatically adjust to match the 55th percentile of national earnings for full-time salaried workers. Additionally, the legislation modifies the criteria for determining job duties, requiring that at least 20 percent of an employee's time be spent on executive or administrative tasks rather than the previous 40 percent standard. The law also mandates that the Bureau of Labor Statistics regularly publish earnings data and requires the Department of Labor to provide public notice before implementing any updated salary thresholds.
Maddy summaryThis Senate resolution expresses the non-binding opinion that federal laws regarding medication abortion should rely on scientific evidence rather than political influence. It specifically calls for the FDA to maintain its approval of mifepristone, a drug proven safe and effective over 25 years, and to allow patients to access it through telemedicine or mail-order pharmacies. The measure highlights that current restrictions disproportionately harm marginalized communities, including people of color, low-income individuals, and those in rural areas. By stating these points, the resolution aims to encourage policymakers to ensure equitable and transparent access to abortion care based on medical consensus.
Maddy summaryThe Scientific Integrity Act requires federal agencies that fund, conduct, or oversee research to create and enforce policies ensuring that scientific work remains free from political influence and misconduct. These policies must explicitly prohibit actions such as suppressing data, altering findings, or retaliating against individuals who share research results, while also guaranteeing employees the right to publish their work and participate in professional organizations. To oversee these rules, each agency must appoint a career Scientific Integrity Officer, provide regular ethics training to staff, and publicly report on complaints and policy changes. Additionally, the law mandates that personnel decisions and scientific conclusions be based on expertise and established scientific processes rather than ideology, with periodic reviews to ensure compliance.
Maddy summaryThis joint resolution directs the President to remove U.S. Armed Forces from hostilities against Iran that lack explicit congressional authorization, asserting Congress's constitutional war-declaring power. The measure applies only to ongoing military engagements within or against Iran and does not restrict defensive actions against attacks on the United States or its personnel. It permits continued intelligence gathering and defensive support for partner nations attacked by Iran since late February 2026, while requiring a formal declaration of war or specific statutory authorization for any future offensive military operations.
Maddy summaryThis joint resolution seeks to disapprove a Bureau of Consumer Financial Protection rule that would remove consumer protections for home sales financed under contracts for deed. If enacted, the bill would prevent the withdrawal of the existing Truth in Lending regulations that currently apply to these types of home financing arrangements. The measure directly affects the Bureau of Consumer Financial Protection and homeowners who rely on contracts for deed as a way to purchase property. By blocking the rule change, Congress would maintain the current regulatory framework governing these consumer financial transactions.