Maddy summaryThe Encouraging Public Offerings Act of 2026 expands the ability of companies to discuss potential stock sales with investors before officially registering the offering. It allows all issuers, not just emerging growth companies, to use confidential "testing the waters" communications and submit draft registration statements for private review by the Securities and Exchange Commission. These draft submissions must be made at least 15 days before a public road show or the requested filing date, after which the documents become public. The bill also requires the Commission to report to Congress before implementing any additional rules for non-emerging growth companies regarding these new submission processes.
Sen. David McCormick
Sponsored bills
Maddy summaryThis bill establishes the Commission on American Leadership in Robotics, an independent body designed to study robotics' impact on the U.S. economy, trade, and national security. The commission will consist of 18 members appointed by congressional leaders and the President, who will review domestic competitiveness, supply chain risks, and workforce needs while considering international trends. Over a two-year period, the group will gather information from federal agencies and private partners to produce interim and final reports with recommendations for Congress and the executive branch. The commission will operate as a temporary legislative advisory committee with specific powers to hire staff, accept non-monetary gifts, and utilize federal resources before dissolving once its final report is submitted.
Maddy summaryThis bill creates a new "Red Tape Hotline" to help small businesses report rules or government actions they find burdensome. The Chief Counsel for Advocacy must set up this hotline, along with an accessible website and submission methods, within 180 days of the law passing. Once established, the hotline will collect complaints about specific regulations, and the office must submit annual reports to Congress detailing the most common issues and suggesting ways to reduce the workload on small entities.
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 Prevent Government Shutdowns Act of 2026 automatically provides federal funding for government programs if Congress fails to pass a budget by the start of a new fiscal year. This mechanism supplies money for 14-day periods that can be extended as long as the shutdown continues, ensuring essential services like food assistance and loan programs keep running without interruption. To prevent political games during these shutdowns, the bill restricts official travel for government officials and limits what Congress can debate or vote on, except for passing a new budget or addressing the national debt limit.
Maddy summaryThis Senate resolution designates May 29, 2026, as "Mental Health Awareness in Agriculture Day" to highlight mental health issues within the farming industry. The bill aims to reduce stigma surrounding mental illness among the approximately 3.37 million agricultural producers and 1.6 million farmworkers in the United States. It acknowledges specific challenges faced by these workers, such as suicide rates that are significantly higher than the general population, and encourages the use of existing resources like the Farm and Ranch Stress Assistance Network. The resolution serves as a symbolic gesture to promote well-being rather than enacting new laws or funding changes.
Maddy summaryThe Unmanned and Autonomous Systems Strategy Act of 2026 requires the Secretary of Defense to create a comprehensive plan for deploying unmanned and autonomous systems in the Indo-Pacific and Western Hemisphere regions. This strategy must involve coordination with military commanders, the Coast Guard, and other government officials, covering areas such as artificial intelligence integration, supply chain security, and partnerships with allies like Japan, Australia, and Ukraine. The bill mandates that the Defense Department submit this strategy to Congress within 180 days and provide annual updates through 2030 on implementation progress and changes in enemy capabilities.
Maddy summaryThis bill directs the Secretary of the Navy and the Maritime Administrator to speed up the completion of design plans for new ships intended for the Ready Reserve Force. Within 180 days of passing, the Navy must report to Congress on the progress of specific vessel designs, the strategy for hiring shipyard managers, the funding needed for ten new ships, and how these new builds will work alongside existing used vessel purchases. The legislation aims to ensure a smooth transition to modern ships while maintaining the readiness of the reserve fleet.
Maddy summaryThis bill, the Protect Domestic Oil and Gas Small Business Act of 2026, exempts small oil and gas wells from certain federal air quality standards and reporting requirements under the Clean Air Act. It defines a "marginal well" as one producing 15 barrels of oil or less per day, or 90,000 cubic feet of natural gas or less per day, and removes obligations for monitoring, leak detection, and emissions testing for these sites. The legislation also mandates that the EPA approve state plans excluding marginal wells within 180 days and must terminate any ongoing enforcement actions against such wells. Additionally, the EPA is required to update its regulations within 180 days of the bill's enactment to implement these new exemptions.
Maddy summaryThis Senate Resolution recognizes and honors National Mushroom Day, observed annually on June 1. It specifically highlights the significant contributions of Chester and Berks Counties in Pennsylvania to the national mushroom industry and acknowledges the role mushrooms play in promoting healthy diets. The resolution serves to express the Senate's support for these recognitions and honors.