Maddy summaryThis bill amends existing U.S. laws to require only foreign-owned companies registered in the United States to report beneficial ownership information, while exempting domestic U.S. entities from these filing requirements. Under the new rules, foreign corporations must disclose details about their owners, but any beneficial owners who are U.S. persons will not be required to provide this data. Additionally, the Financial Crimes Enforcement Network is directed to delete all previously collected ownership information related to U.S. persons while retaining records for non-U.S. individuals. The legislation effectively narrows the scope of the current reporting system to focus exclusively on foreign entities operating within the United States.
Sponsored bills
Maddy summaryThe Terrorism Risk Insurance Program Reauthorization Act of 2026 extends the federal terrorism insurance program through 2034, ensuring continued government support for insurance companies facing large losses from terrorist attacks. The bill also updates the schedule for recouping federal funds, shifting the timeline for when insurers must repay taxpayer money to later dates ranging from 2029 to 2036. These changes directly affect insurance carriers and policyholders by maintaining the program's availability for a longer period and adjusting the financial obligations tied to it.
Maddy summaryThe Protecting American Taxpayers Act aims to reduce government waste and fraud by requiring stricter oversight of federal programs and extending legal deadlines for prosecuting pandemic-related violations. It mandates that child care payments be based on recorded attendance rather than enrollment alone and requires agencies to report when health care spending or provider numbers spike by more than 100 percent in specific areas. The bill also prohibits small businesses from receiving federal loans or grants if an owner or key employee has been convicted of financial misconduct, while simultaneously banning foreign entities controlled by agents from certain listed countries from receiving U.S. financial assistance. Additionally, the legislation seeks to increase transparency by requiring agencies to publicly report on improper payments and other transaction agreements, and it expands whistleblower protections for employees of defense and non-defense contractors who report waste or misconduct.
Maddy summaryThis bill, titled the Russia's War on Faith Act, mandates that the U.S. government create a detailed annual report documenting religious persecution in Ukrainian territories currently occupied by Russian forces. The required reports must list specific actions taken against various religious groups, such as the destruction of worship sites, the detention of clergy, and efforts to force communities to align with the Russian Orthodox Church. Following each report, the President must certify whether individuals or entities listed for these abuses should face financial sanctions under existing U.S. laws. If the President agrees that sanctions are warranted, the bill authorizes the blocking of property and other penalties against those responsible for the documented violations.
Maddy summaryThe RETAIN Act of 2026 aims to improve retention for Air Force rated officers by modifying pay and assignment policies. It allows officers with over eight years of aviation service to receive the maximum possible aviation incentive pay and extends a specific retention demonstration program through 2031. Under this program, the Air Force would offer officers flexible duty locations, non-flying staff roles, and the option to transition to non-combat positions, alongside a potential aviation bonus of up to $100,000 for those who commit to active duty. The legislation also requires that contract lengths and bonus amounts for these officers match or exceed those offered to members of the Air National Guard and Air Force Reserve.
Maddy summaryThe Airpower Acceleration Act of 2026 grants the Department of Defense authority to purchase F-35 and F-15EX fighter jets through multiyear contracts. It also permits the procurement of key aircraft components in advance to streamline production schedules. The legislation establishes minimum inventory levels for Air Force fighter aircraft that must be maintained between 2026 and 2035. Additionally, it authorizes an increase in the F-15EX fleet size to 329 aircraft, requiring new planes to replace older F-15E models.
Maddy summaryThe TRAVEL Act of 2026 authorizes the Department of Veterans Affairs to assign physicians to serve as traveling doctors in U.S. territories and possessions, including American Samoa, Guam, Puerto Rico, and the Virgin Islands. These physicians would work for up to one year at approved facilities to provide direct health care to veterans living in these areas. To encourage participation, the bill requires the department to offer relocation or retention bonuses to these traveling physicians. Additionally, the law mandates that these doctors coordinate with local medical providers to ensure high-quality, continuous care for veterans. The legislation also includes minor technical updates to the relevant sections of the U.S. Code to reflect the new program.
Maddy summaryThe National Quantum Initiative Reauthorization Act of 2026 reauthorizes and expands federal efforts to advance quantum information science, engineering, and technology through 2034. The bill establishes new workforce development programs, including quantum education initiatives, traineeships, and a Quantum Reskilling, Education, and Workforce Coordination Hub to address talent needs. It creates an International Quantum Cooperation Strategy to foster partnerships with allies and addresses quantum supply chain vulnerabilities through mapping and planning efforts. The act includes specific funding allocations for quantum research centers, testbeds, and post-quantum cryptography development, with annual evaluations required to assess program effectiveness. The legislation directly affects federal agencies, research institutions, and the quantum industry by providing structured funding and coordination for quantum technology advancement.
Maddy summaryThe SAFEGUARDS Act of 2025 ensures that revenue from the 9/11 Security Fee (paid by airline passengers) is used exclusively for aviation security, ending its diversion to other government purposes by 2027. It creates two dedicated funds: the Aviation Security Capital Fund (receiving $250 million annually through 2025, then $500 million annually starting in 2026) for general security improvements, and the Aviation Security Checkpoint Technology Fund (receiving $250 million annually starting in 2026) specifically for security screening technology like baggage scanners and exit lanes. The bill requires the Transportation Security Administration (TSA) to collect sufficient fees to fund these amounts and allows retroactive grants for security technology projects implemented since 2023. This directly affects TSA operations, airports, and passenger fees, with no new taxes or fees imposed.
Airmen Certificate Accessibility Act This bill allows a pilot to present a digital copy of certain certificates (e.g., an airman certificate or a medical certificate) when required to present such documentation by a Federal Aviation Administration (FAA) inspector. Under current FAA regulations, a pilot must present for inspection a physical copy of an airman certificate and other paperwork upon a request from the FAA; a federal, state, or local law enforcement officer; or an authorized representative of the Transportation Security Administration or the National Transportation Safety Board. This bill allows a pilot to present a certificate such as an airman certificate or a medical certificate to an FAA inspector as (1) a physical certificate, or (2) a digital copy stored on an electronic device or cloud storage platform. The FAA must update current regulations to implement this change.