Maddy summaryS 800 imposes a special tax on certain bank executives who received bonuses or sold bank stock within 60 days before their institution was taken over by the Federal Deposit Insurance Corporation (FDIC). It applies to executives earning over $250,000 in adjusted gross income who worked at banks entering FDIC conservatorship or receivership. The tax rate is 90% on bonus payments and 100% on stock sale profits from that period. All revenue generated will be directed to the Deposit Insurance Fund, not directly to taxpayers.
Sponsored bills
Maddy summaryThis bill authorizes the minting of commemorative coins to mark the 100th anniversary of the U.S. Foreign Service. It specifies three coin types: up to 50,000 $5 gold coins (90% gold), 400,000 $1 silver coins (90% silver), and 750,000 half-dollar clad coins, all to be issued in 2025. A surcharge ($35 for gold, $10 for silver, $5 for half-dollars) will be added to each coin's sale price, with all funds going directly to the Association for Diplomatic Studies and Training to support its diplomatic history preservation work. The bill ensures no net cost to the government by requiring all design, production, and marketing expenses to be recovered through coin sales.
Maddy summaryThe PHIT Act of 2023 would allow taxpayers to deduct certain fitness expenses as medical costs on federal tax returns. It defines "qualified sports and fitness expenses" to include gym memberships, exercise classes, and equipment used exclusively for physical activity, with a yearly limit of $1,000 ($2,000 for joint filers). To qualify, fitness facilities must focus on health (not offer golf or hunting) and comply with anti-discrimination laws, while equipment costs are capped at $250 per item. This change would take effect for tax years beginning after the bill's enactment.
Maddy summaryThis concurrent resolution expresses Congress's support for the Local Radio Freedom Act by opposing new fees for local radio stations playing music over the air. It states that imposing performance fees would harm the longstanding relationship between radio stations and the music industry, jeopardize emergency broadcasts and local programming, and cause economic hardship for radio stations and small businesses (like bars and retail stores) that rely on free music licensing. The resolution specifically urges against any new fee, tax, or royalty related to radio stations' public performance of sound recordings. As a non-binding statement, it does not create new law but formally advocates for maintaining the current system.
Maddy summarySRES 104 is a symbolic Senate resolution recognizing the heritage, culture, and contributions of Latinas in the United States. It highlights that nearly 30 million Latinas live in the U.S. (1 in 6 women), emphasizing their roles across diverse fields like business (over 2 million Latina-owned businesses), military service (45,710 active-duty Latinas), arts (Selena, Rita Moreno), and essential work during the pandemic. The resolution notes ongoing challenges, including Latinas earning only 57 cents for every dollar earned by White, non-Hispanic men. It formally celebrates Latinas' achievements while acknowledging the need for further progress toward equality. As a non-binding resolution, it does not create new laws or allocate funds.
Maddy summaryS 701, the Women’s Health Protection Act of 2023, prohibits states from imposing restrictions on abortion that are more burdensome than those for comparable medical procedures. It protects access to abortion before fetal viability (when a fetus could survive outside the womb) by banning requirements like unnecessary in-person visits, medically inaccurate counseling, or facility restrictions not applied to similar care. Post-viability abortions remain protected when medically necessary to safeguard a patient’s life or health. The bill preempts conflicting state laws and ensures enforcement through federal courts to uphold these access protections for patients and health care providers.
Maddy summaryThis bill authorizes the U.S. Mint to produce commemorative coins honoring working dogs, including $5 gold, $1 silver, and half-dollar coins, to be sold starting January 1, 2025. A surcharge of $35 per gold coin, $10 per silver coin, and $5 per half-dollar coin will be added to the sale price, with all surcharge funds directed to America’s VetDogs to support its service dog programs for veterans and people with disabilities. The coins are legal tender but will only be issued for one year (2025), with production limited to specified quantities (50,000 gold, 500,000 silver, 750,000 half-dollars). The bill does not create new government programs but uses commemorative coin sales to fund existing service dog initiatives.
Maddy summaryS 702, the Urban Waters Federal Partnership Act of 2023, establishes a federal program to coordinate multiple agencies (including EPA, Interior, Agriculture, and others) in supporting waterway projects in urban communities. It creates "Urban Waters partnership locations" in overburdened or economically distressed cities, where federally designated "Urban Waters ambassadors" coordinate local projects focused on water quality, habitat, recreation, and community engagement. The program authorizes $10 million annually (2024-2028) for technical assistance, funding, and coordination, requiring agencies to share progress via annual reports to Congress. It directly affects urban communities through enhanced federal agency collaboration on water-related initiatives.
Maddy summaryThis bill creates a new definition for "currently accepted medical use with severe restrictions" under the Controlled Substances Act, applying only to specific drugs. It covers drugs designated as FDA breakthrough therapies or authorized for expanded patient access under strict conditions for serious diseases with no alternative treatments. The definition excludes FDA-approved drugs and drugs under clinical hold. The bill requires the Health Secretary to notify the Attorney General when such drugs qualify, triggering specific scheduling procedures and mandating reclassification within 90 days if the drug no longer meets the criteria.
Maddy summarySRES 57 is a Senate resolution honoring David Ferdinand Durenberger, a former U.S. Senator from Minnesota (served 1978-1989). It commemorates his life and career, highlighting his role as the lead Republican sponsor of the Americans with Disabilities Act and his work protecting Minnesota's natural resources like the Boundary Waters Canoe Area Wilderness. The resolution directs the Senate to formally recognize his passing and transmit a copy to his family. This is a ceremonial resolution with no policy changes or direct impact on constituents.