Maddy summaryHR 1654, the DEPOSIT Act, imposes a new tax on certain bank executives' bonuses and stock profits when their bank fails and the FDIC becomes conservator or receiver. It specifically targets executives who earned over $250,000 (adjusted for excluded profits) in the year before their bank's failure and received bonuses within 60 days prior to the FDIC takeover or sold bank stock within that same period. The tax adds 90% of bonus profits and 100% of stock profit amounts to the executive's regular income tax. All revenue generated from this tax will be directed to the Deposit Insurance Fund, which protects bank deposits.
Rep. Bonnie Watson Coleman
Sponsored bills
Maddy summaryThe Dental and Optometric Care Access Act of 2023 (DOC Access Act) requires health insurance plans covering dental and vision care to allow providers (like dentists and optometrists) to charge patients the usual and customary rate for uncovered services, with a specific rule limiting dental cleanings to the network fee even if it exceeds annual coverage limits. It prohibits plans from restricting providers' choices of laboratories or suppliers for patient care. This law directly affects dental and vision care providers and the health insurance plans that offer these services. The bill establishes concrete billing and coverage standards to improve access to necessary dental and vision care.
Maddy summaryThis bill creates a new definition for "currently accepted medical use with severe restrictions" under the Controlled Substances Act, specifically for certain investigational drugs. It applies to drugs designated as breakthrough therapies by the FDA or authorized for expanded patient access under specific emergency protocols for serious diseases with no other treatment options. The definition excludes drugs that are already fully approved under standard FDA pathways or that lose their expanded access status. If a drug no longer meets these strict criteria, the Attorney General must reclassify it into the highest restriction category (Schedule I) within 90 days of notification from the Health Secretary. This changes how certain experimental treatments are classified under federal drug laws.
Maddy summaryThis resolution supports designating the third week of March 2023 as "National CACFP Week" to raise public awareness of the Child and Adult Care Food Program (CACFP). The CACFP provides daily nutritious meals and snacks to over 4 million children and 138,000 adults in child care centers, adult day care homes, and after-school programs across the U.S. The resolution highlights the program's role in improving nutrition, reducing health disparities, and supporting vulnerable communities, particularly low-income families and rural providers. It does not create new laws or funding but serves as a symbolic gesture to promote the CACFP's importance.
Maddy summaryHR 1595 establishes a federal grant program to help states improve their licensing systems for firearms dealers. It authorizes annual competitive grants (up to $2.5 million per state per year) for states to develop, implement, or evaluate their dealer licensing programs, provided they already meet minimum standards like requiring 3-year licenses, conducting inspections, and imposing penalties for violations. States receiving grants must report annually on inspections, violations, license status, and other metrics, with the Attorney General also submitting annual reports to Congress. This bill directly affects state governments that operate firearms dealer licensing programs, providing funding to strengthen oversight without changing existing state laws.
Maddy summaryHR 1591 amends the Elementary and Secondary Education Act to increase annual federal funding for impact aid programs that support school districts near military bases, national parks, and other federal properties. It authorizes specific, rising funding levels for four key areas: payments for federal land acquisitions ($90 million in 2024, growing to $150 million by 2029), basic payments to heavily impacted school districts ($1.6 billion in 2024, growing to $2.45 billion by 2029), payments for students with disabilities ($60 million in 2024, growing to $120 million by 2029), and school construction projects ($22.9 million in 2024, growing to $45.4 million by 2029). These appropriations represent incremental steps toward full federal funding for these aid programs, as specified in the bill's text. The bill directly affects school districts located near federal land, providing predictable annual funding increases for their operational and infrastructure needs.
Maddy summaryThis bill authorizes a Congressional Gold Medal to honor the "Hello Girls" - female telephone operators who served in the Army Signal Corps during World War I. They provided critical battlefield communications in France (connecting 26 million calls), wore military uniforms, and faced combat risks, but were denied veteran benefits for 60 years due to being classified as civilian contractors. The medal recognizes their pioneering service, devotion, and the decades-long struggle to gain military recognition. The award follows similar recognition for other WWII women veterans and aims to correct the historical injustice they faced.
Maddy summaryThe SVB Act (HR 1602) repeals Title IV of the 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act, which had relaxed banking regulations. It directly affects banks previously subject to those relaxed rules, particularly smaller institutions that benefited from the 2018 changes. The bill’s key mechanism is restoring the pre-2018 regulatory framework, reversing the specific provisions that eased oversight. This returns banking oversight to the structure that existed before the 2018 law took effect, without creating new rules.
Maddy summaryHRES 191 is a symbolic House resolution designating September 2023 as "National LEAD Month" to support greater diversity and inclusion in the entertainment industry. It expresses the House's backing for efforts to increase representation of underrepresented communities - such as racial minorities, women, LGBTQ+ individuals, and people with disabilities - across creative and leadership roles. The resolution encourages awareness campaigns, diversity, equity, and inclusion (DEI) programs like bias training, mentorship partnerships, and inclusive storytelling. It does not create new laws or funding but urges industry stakeholders to prioritize equitable opportunities. The resolution was introduced by Rep. Yvette Clarke and others in March 2023.
Maddy summaryHR 1499, the Good Jobs for Good Airports Act, requires airports receiving federal funding to pay covered service workers a minimum wage of at least $15 per hour (or higher if state/local laws or federal standards require it) and provide minimum fringe benefits. It directly affects workers in specific airport roles like security, ticketing, concessions, cleaning, and ramp services at small, medium, or large hub airports. The bill mandates annual certification from airport operators to verify compliance with these wage and benefit standards, tied to eligibility for federal airport grants under the Infrastructure Investment and Jobs Act. It does not override stricter state or local laws but ensures minimum standards for workers supporting airport operations.