Sen. Bill Hagerty

Maddy summaryThis bill prohibits payment card networks and covered entities (like payment processors) from requiring or assigning merchant category codes that distinguish firearm retailers from general merchandise or sporting goods stores. It directly affects firearm retailers (those selling guns or ammunition) and payment networks (such as Visa or Mastercard), ensuring their transactions are processed without special classification. Key provisions ban the use of discriminatory codes, establish an enforcement process through the Attorney General with complaint mechanisms, and preempt state or local laws on this issue. The bill does not change gun sales laws but alters how payment systems categorize firearm-related transactions. It explicitly states no private lawsuits can be filed under this law.

Maddy summaryThis bill (SJRES 28) is a congressional resolution that blocks a rule proposed by the Bureau of Consumer Financial Protection (CFPB). The rule aimed to define which digital payment companies (like Apple Pay or Google Pay) would be classified as "larger participants" in the market, subject to stricter regulations. By disapproving this rule, Congress ensures it has no legal effect, meaning the CFPB cannot enforce these specific oversight requirements on major digital payment platforms. This directly affects the CFPB’s regulatory authority and digital payment companies that would have been subject to the rule.

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Overdraft Lending: Very Large Financial Institutions and published on December 30, 2024. The rule revises provisions regarding charges for insufficient funds in a customer’s bank account (i.e., overdrafts) at very large financial institutions. Under the rule, these institutions must (1) cap overdraft charges at $5; (2) with justification, cap charges at a higher amount; or (3) handle overdrafts as credit and comply with applicable Truth in Lending Act disclosure requirements.

Maddy summaryS 1675 would amend federal death penalty law to add a new aggravating factor for capital sentencing. Specifically, it would allow the death penalty to be considered if a defendant is an alien who entered or remained in the U.S. illegally and was convicted of killing, attempting to kill, or conspiring to kill a U.S. citizen. This provision directly affects defendants in federal murder cases who meet both criteria: violating immigration laws and committing violent crimes against citizens. The bill changes sentencing guidelines by expanding the circumstances under which the death penalty could be applied.

Maddy summaryThe INDEX Act (S 1670) requires investment advisers managing passively tracked funds (like index funds) to vote proxy ballots according to their clients' instructions, directly affecting millions of retail investors who own these funds. It mandates that advisers vote shares proportionally based on client ownership percentages - e.g., if 20% of a fund's clients hold shares, their voting preference applies to 20% of the fund's votes. Exceptions allow advisers to vote "routine" matters (like board elections) without client input if instructions aren't received 10 days prior, or to mirror other shareholders' votes for majority-required proposals. The bill aims to align voting with investor preferences while prohibiting advisers from charging funds for compliance costs.

Maddy summaryThis resolution (SRES 207) is a ceremonial Senate measure introduced by Senators Blackburn and Hagerty to commemorate the 100th anniversary of the Grand Ole Opry. It recognizes the Opry's historical significance as the longest-running radio show in U.S. history, highlighting its role in shaping country music and Nashville's identity as the "country music capital." The resolution formally celebrates the Opry's legacy, honors its contributions to American culture, and congratulates its artists and members on 100 years of service. As a non-binding resolution, it does not create new laws or allocate funds.

Maddy summaryThis bill allows businesses to immediately deduct research and development (R&D) costs instead of spreading them over 60 months, directly benefiting companies investing in innovation. It increases the refundable R&D credit cap for small businesses from $250,000 to $750,000 over time, with specific phase-in amounts starting in 2025. Additionally, it expands access for startups by raising the gross receipts threshold for eligibility from $5 million to $15 million and increasing credit rates for qualified small businesses. These changes aim to make R&D tax incentives more accessible and valuable for smaller companies and new ventures.

Maddy summaryThis bill (S 1612) prevents U.S. funding for United Nations agencies if Palestine gains any status beyond observer status. It amends existing laws to replace "full membership" with "any status, rights, or privileges beyond observer status" in U.S. funding rules for UN agencies. This would block U.S. financial support for UN bodies if Palestine achieves full membership or equivalent standing. The bill directly affects U.S. foreign aid policy toward UN agencies and Palestine's potential UN representation.

Maddy summaryThe LIT Act of 2025 repeals three existing Department of Energy energy efficiency rules for general service lamps (common incandescent light bulbs). It directly affects manufacturers and retailers of traditional incandescent bulbs by removing regulatory requirements they previously had to meet. Key mechanisms include amending the Energy Policy and Conservation Act to eliminate specific references to incandescent standards and formally terminating three finalized rules (from 2022 and 2024) that established minimum efficiency levels. This bill makes no new efficiency requirements for these bulbs but removes the existing ones.

Maddy summaryThis Senate resolution (SRES 190) calls on North Korea to address the abduction of Japanese citizens, a decades-long issue starting in the 1970s. It specifically requests North Korea to release any remaining abducted individuals, return remains and information about deceased victims, provide appropriate reparations, issue an apology, and permanently stop such abductions. The resolution urges the U.S. President to prioritize this matter in future diplomatic talks with North Korea. As a symbolic measure, it does not create new laws or impose sanctions but serves as a diplomatic statement supporting Japanese victims.