Maddy summaryThe DISCLOSE Act of 2023 requires organizations making campaign-related disbursements over $10,000 to disclose detailed information about their funding sources, including the names and addresses of major donors and the top 5 or 2 funders for political communications. It closes loopholes allowing foreign nationals to influence U.S. elections by prohibiting foreign contributions to ballot initiatives and requiring disclosure of foreign money in campaigns. The bill also mandates "stand by every ad" requirements, requiring political communications to include disclaimers identifying who paid for them and listing major funders. These provisions apply to corporations, labor organizations, and other groups making political expenditures, with the goal of increasing transparency in campaign finance.
Sponsored bills
Maddy summaryThis bill (S 496) amends the Federal Reserve Act to require that at least one member of the Federal Reserve Board of Governors appointed after the bill's enactment must have "demonstrated primary experience in supporting or protecting the rights of workers." The provision designates this member as the lead for promoting maximum employment policy. It does not create new worker protections or alter workplace regulations; it only changes the qualifications for Federal Reserve Board appointments. The bill is procedural, focusing solely on the composition of the Federal Reserve Board.
Maddy summaryThis bill authorizes Congress to award a gold medal in honor of Constance Baker Motley, a pioneering civil rights lawyer and the first African-American woman appointed to a federal judgeship. The medal will be presented posthumously to her son, Joel Motley III, and niece, Constance Royster, by congressional leaders. The bill directs the U.S. Treasury to design and strike the medal (featuring Motley's image and name) and permits the sale of bronze duplicates to cover production costs, with proceeds going to the U.S. Mint. This is a commemorative measure recognizing Motley's legacy, not a policy change affecting public programs or regulations.
Maddy summaryThis bill amends the Employee Retirement Income Security Act (ERISA) to allow retirement plan fiduciaries to consider environmental, social, and governance (ESG) factors when making investment decisions. Specifically, it permits fiduciaries to factor in ESG considerations - such as climate impact or diversity practices - as part of standard investment analysis or as tie-breakers when competing investments have comparable financial returns and risk. The bill clarifies that fiduciaries need not provide extra documentation for these ESG considerations and ensures ESG-aligned investments can still serve as default options in retirement plans. It directly affects retirement plan managers (e.g., for 401(k)s) and the investment choices they make for employee savings.
Maddy summaryThe American Opportunity Accounts Act creates tax-free savings accounts for children to build financial assets. It establishes American Opportunity Accounts (AO accounts) for individuals born after December 31, 2007, who are under 18 and have a valid IRS-recognized ID. The government makes an initial $1,000 contribution for those born after 2023, plus annual contributions from age 0 to 18 that decrease based on household income (ranging from $2,000 to $0 for households earning 500% or more of the poverty line). Account funds can be used for education, home ownership, or other approved expenses after age 18, with the accounts exempt from counting toward eligibility for federal benefits.
Maddy summaryThe Outdoors for All Act establishes a federal grant program to fund outdoor recreation projects in underserved communities. It provides funding for eligible entities (like cities, counties, tribes, or nonprofits) to acquire land for parks or develop outdoor facilities in qualifying areas - urban regions with 25,000+ people, adjacent clusters, or tribal lands. Grants prioritize projects that improve park access in low-income neighborhoods, engage youth, create jobs, and support cultural gathering spaces, while requiring a 100% cash or in-kind match (with possible waivers). Funds cannot cover maintenance, indoor facilities, or restricted-access land, and recipients must submit annual progress reports to the Interior Secretary.
Maddy summaryThis resolution (SRES 63) is a symbolic Senate measure formally celebrating Black History Month. It acknowledges the contributions of African Americans to U.S. history and society, recognizes the origins of Black History Month (beginning as Negro History Week in 1926), and encourages nationwide reflection on this history. The resolution does not create new laws or policies but serves as a formal Senate acknowledgment of the significance of Black History Month in February. It aims to honor the legacy of African American pioneers and promote learning about their impact on the nation.
Maddy summaryThis bill imposes a new tax on major U.S. oil companies with annual crude oil production or import volumes exceeding 300,000 barrels per day. The tax rate equals 50% of the excess of the quarterly Brent crude oil price over the 2015-2019 average, adjusted for inflation. Revenue from this tax funds the "Protect Consumers from Gas Hikes Fund," which then provides refundable tax credits to eligible individuals (with income limits up to $150,000 for joint filers) to offset gasoline costs. The policy directly affects large oil producers and provides direct financial relief to qualifying consumers through quarterly tax refunds.
Maddy summaryThis bill significantly expands the Low-Income Home Energy Assistance Program (LIHEAP) to provide both heating and cooling assistance to low-income households struggling with energy costs. It increases annual funding from $2 billion to $400 billion for fiscal years 2024-2033, expands eligibility to include households with a 3% or higher energy burden, and adds specific cooling assistance provisions for heat waves. The bill prevents energy shutoffs and late fees for participants, requires states to operate the program year-round, and includes provisions for renewable energy and weatherization assistance. It directly affects low-income households, particularly those in areas experiencing extreme temperature events, who currently face energy burdens three times higher than other households.
Maddy summaryThe Social Security Expansion Act increases benefits for many recipients by raising the first bend point percentage from 90% to 95% and adding a 22% increase for those eligible after 2023. It establishes a new minimum benefit for low earners based on years worked, with benefits reaching up to 125% of the poverty guideline for individuals with 30+ years of work. The bill extends eligibility for children of beneficiaries until age 22 if they're full-time students and changes the cost-of-living adjustment index to the Consumer Price Index for Elderly Consumers. Additionally, it introduces new taxes on high earners, including a payroll tax on wages between the Social Security contribution base and $250,000, and increases the tax rate on investment gains from 3.8% to 16.2%, while consolidating the two existing Social Security trust funds into a single Social Security Trust Fund.