Sen. Bernie Moreno

Financial Integrity and Regulation Management Act or the FIRM Act This bill prohibits the consideration of reputational risk by federal banking agencies when regulating, examining, or supervising a depository institution or credit union. The bill defines reputational risk as the potential for negative publicity or public attention to decrease confidence in the institution, lead to litigation, reduce revenues, or result in other adverse impacts to the institution.  Agencies must report on the implementation of this bill.

Maddy summaryThis bill repeals federal waivers that allow California to set its own vehicle and engine emission standards under the Clean Air Act. It directly affects California's Air Resources Board (CARB), prohibiting the state from adopting or enforcing standards for nonroad engines (like construction equipment, farm vehicles, and locomotives) or new motor vehicles. Key provisions include removing federal authorization for California's vehicle standards (Section 177) and invalidating all existing waivers for state emission rules. The bill would eliminate California's ability to enforce its own emission requirements for these categories, shifting authority entirely to federal standards.

Maddy summaryThis bill amends Section 60123(b) of Title 49, U.S. Code, to expand criminal penalties for interfering with energy infrastructure. It broadens the prohibited actions from "damaging or destroying" to include vandalizing, tampering with, disrupting operations or construction, or preventing operations of energy facilities like pipelines. The change directly affects individuals who interfere with energy transportation infrastructure, increasing legal consequences for a wider range of disruptive acts. The bill focuses on strengthening existing penalties without creating new programs or funding.

Maddy summaryThis bill, the Major Richard Star Act (S 1032), allows veterans with combat-related disabilities to receive both their military retired pay and Veterans Affairs disability compensation simultaneously. It amends U.S. Code sections to remove the automatic reduction in retired pay that previously forced these veterans to choose between the two payments. The key change ensures veterans with combat-related disabilities qualify for full retired pay without offset against their VA disability benefits, effective for payments starting after the bill's enactment date. This directly affects veterans receiving military retired pay under Chapter 61 who also qualify for VA disability compensation for combat-related injuries.

This joint resolution nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the IRS.

Maddy summaryThis bill (S 928, PARSA) prohibits retirement plan managers from investing plan assets in "covered entities," defined as foreign adversaries (like certain countries or their government bodies) or entities on U.S. sanctions lists (such as those related to China's military or forced labor). It requires retirement funds to disclose detailed holdings of such entities, including asset values, specific entity names, and reasons for investment. Existing investments held before the law's enactment may continue under specific conditions, and binding pre-enactment agreements can be fulfilled until expiration. The law aims to restrict retirement savings from supporting sanctioned or foreign adversary entities while mandating transparency for plan participants.

Maddy summaryThe BITCOIN Act of 2025 requires the U.S. Treasury to establish a Strategic Bitcoin Reserve for government-held Bitcoin, directing the purchase of 200,000 Bitcoins annually for five years (1 million total). All government Bitcoin holdings must be stored in decentralized cold storage facilities across the U.S. with a mandatory 20-year holding period during which the Bitcoin cannot be sold or disposed of. The Treasury must publish annual reports and implement a "Proof of Reserve" system for transparency, funded through Federal Reserve remittances and proceeds from gold certificate sales. The bill also allows states to voluntarily place their Bitcoin in segregated accounts within the reserve while affirming private property rights for individuals holding Bitcoin.

Maddy summaryThe Space National Guard Establishment Act of 2025 creates a Space National Guard as a reserve component of the Space Force, composed exclusively of existing units from seven states: Alaska, California, Colorado, Florida, Hawaii, New York, and Ohio. It transfers specific Air National Guard units (like the 213th Space Warning Squadron in Alaska and the 137th Space Warning Squadron in Colorado) to the new Space National Guard without adding new personnel or facilities. The bill mandates that the Space National Guard must operate within existing military infrastructure, prohibiting new construction or modifications to accommodate it. It also amends military law to formally define the Space National Guard and its role within the Space Force structure.

Veterans 2nd Amendment Protection Act of 2025 This bill prohibits the Department of Veterans Affairs (VA) from transmitting certain information to the National Instant Criminal Background Check System (NICS) utilized by licensed importers or dealers of firearms. Specifically, the bill prohibits the VA from transmitting personally identifying information of a veteran or a beneficiary to the NICS solely on the basis that such veteran or beneficiary has an appointed fiduciary to manage their benefits, unless there is an order or finding of a judicial authority that such veteran or beneficiary is a danger to themselves or others.

Maddy summaryThis bill repeals sections 70002 and 70003 of the Inflation Reduction Act (Public Law 117-169) and rescinds all unused funds allocated under those sections as of its enactment date. It directly affects the federal government's budget by canceling unspent money that was previously set aside for climate and energy programs. The key mechanism is a simple fiscal correction: it removes the authority to use those specific funds and redirects them away from future spending. This is a procedural budget adjustment with no direct impact on citizens or businesses.