Maddy summaryThe China Subsidy Response and Export Competitiveness Act of 2026 amends the Export-Import Bank Act to modify how the federal government supports American exporters. The bill updates the bank's mission statement to focus on neutralizing foreign subsidies rather than only countering direct export subsidies and expands the list of priority export sectors to include semiconductor machinery and medical manufacturing. These changes directly affect the Export-Import Bank, which will use these adjustments to guide its guarantee coverage and lending programs for U.S. businesses.
Sponsored bills
Maddy summaryThe Freedom to Travel for Health Care Act of 2026 prohibits any person or government entity from restricting, sanctioning, or discriminating against individuals who travel to another state to receive reproductive health care that is legal there. It also protects those who assist travelers and reproductive health care providers from facing penalties for offering services to out-of-state patients, effectively overriding any conflicting state laws. The bill establishes a private right of action allowing affected individuals, organizations, and providers to sue in federal or state court for violations, with provisions for damages and attorney's fees. Additionally, it removes state sovereign immunity defenses for officials enforcing laws that interfere with this travel right, ensuring federal courts can hear such cases directly.
Maddy summaryThis bill creates a program to correct burial markers for American-Jewish servicemembers who died in World War I or II and were mistakenly buried under Latin crosses (a Christian symbol) in overseas U.S. military cemeteries. The American Battle Monuments Commission will run this 10-year program, authorizing $500,000 annually to contract with qualified nonprofit organizations to identify affected veterans and contact their families. It directly affects Jewish veterans buried overseas with incorrect markers and their descendants, ensuring their religious heritage is properly recognized. The program requires nonprofits to verify burial records and facilitate marker corrections, with priority given to organizations experienced in Jewish military history.
Maddy summaryThe Protecting American Consumers Act establishes a minimum funding level for the Bureau of Consumer Financial Protection to ensure it has sufficient resources to operate. Specifically, the bill mandates that the federal government must transfer at least 12 percent of the Federal Reserve System's total operating expenses to the Bureau each fiscal year. This provision directly affects the Bureau's budget and its ability to enforce financial regulations on lenders and other entities that impact consumers. By setting a fixed floor for funding, the legislation aims to prevent the Bureau's budget from being reduced below this threshold in future years.
Maddy summaryThe ROBINHOOD Act of 2026 introduces a new tax rule that treats high-income individuals and wealthy entities as if they sold their assets when they take out new loans. Specifically, the bill requires these taxpayers to recognize capital gains on their long-term assets equal to the amount of any new loan they receive, effectively taxing the borrowing event itself. This provision applies to individuals with an annual income exceeding $100 million or assets valued over $1 billion, as well as certain trusts and estates meeting similar thresholds. The law also mandates that these recognized gains cannot be offset by capital losses in the same year and extends the rule to long-term leases for properties held for more than five years. Additionally, the bill includes specific definitions for "covered assets," valuation methods, and reporting requirements to ensure compliance with these new tax obligations.
Maddy summaryThis Senate resolution honors the life and legacy of Donald W. Riegle, Jr., a former U.S. Senator from Michigan who passed away in April 2026. The bill formally acknowledges his nearly three decades of public service, including his roles as a Representative and Senator, and highlights his significant contributions to legislation on banking, housing, and veterans' health. It also expresses the Senate's condolences to his family and directs officials to share the resolution with the House of Representatives and send a copy to Riegle's family. Finally, the Senate will stand in adjournment as a mark of respect for the former senator when the session concludes.
Maddy summaryThe SAFEGUARD Veterans Act of 2026 strengthens protections for veterans by increasing penalties for unauthorized fees and requiring that only recognized agents or attorneys assist with benefit claims. It mandates that the Department of Veterans Affairs provide clear online tools for veterans to search for accredited representatives and report unaccredited individuals who charge fees. The bill also requires the department to update its website warnings to explicitly discourage veterans from sharing login credentials and to include questions on claim forms about any coaching or assistance received. Additionally, the legislation expands restrictions on automated telephone equipment to prevent unsolicited calls from automated systems to federal agencies. Finally, the act directs the VA to conduct a review of its current recognition processes and establish a more accessible digital system for managing agent accreditation and complaints.
Maddy summaryThis joint resolution directs the President to remove U.S. Armed Forces from any hostilities within or against Cuba that have not been explicitly authorized by Congress. The bill relies on the War Powers Resolution to assert that military actions like blockades or quarantines require either a formal declaration of war or specific statutory approval. It includes a provision allowing the United States to continue defending itself against armed attacks or conducting lawful counternarcotics operations. The measure is intended to enforce the constitutional principle that Congress holds the sole power to declare war.
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 summaryThe Protecting Circuit Boards and Substrates Act creates a new federal tax credit for businesses that purchase printed circuit boards manufactured in the United States. This credit allows companies to claim 25 percent of the cost they incur for these domestically fabricated electronic components, which are defined as layered structures connecting various electronic parts. The provision is designed to encourage the use of American-made circuit boards by making them more financially attractive for taxpayers. It will take effect for purchases made after December 31, 2025, and the Treasury Department will issue necessary regulations to implement the rule.