Sen. Elizabeth Warren

Maddy summaryThe Leveling the Playing Field 2.0 Act establishes special rules for handling successive antidumping and countervailing duty investigations, requiring the Department of Commerce to consider prior injury determinations when making new findings. It addresses market distortions from foreign government subsidies and currency undervaluation by expanding how the U.S. calculates fair trade values for imported goods. The bill also creates new procedures to prevent circumvention of existing duties (such as by changing product descriptions to avoid tariffs) and requires importers to certify that merchandise isn't subject to existing duties. These changes primarily affect U.S. Customs and Border Protection, the Department of Commerce, and importers of goods from countries that may be engaging in trade-distorting practices.

Maddy summaryThis Senate resolution (SRES 88) designates March 7, 2025, as "National Speech and Debate Education Day" to recognize the value of speech and debate programs in schools. It directly affects educational institutions, teachers, and students by encouraging schools and communities to celebrate this day. The resolution does not create new laws or funding but formally acknowledges speech and debate education as vital for developing communication, critical thinking, and civic skills. It urges educational institutions, businesses, and the public to promote awareness of these programs. (Note: As a commemorative resolution, it has no binding policy impact.)

Maddy summarySRES 53 is a bipartisan Senate resolution commemorating the 80th anniversary of the February 19-26, 1945, Battle of Iwo Jima and the iconic U.S. flag-raising on Mount Suribachi on February 23, 1945. It honors the service members who fought in the battle - including those who received the Medal of Honor - and recognizes the strategic importance of the victory in ending World War II. The resolution encourages public commemoration through ceremonies and events, while affirming U.S.-Japan reconciliation and honoring veterans' sacrifices. As a commemorative resolution, it has no binding effect or direct impact on policy or beneficiaries.

Maddy summaryThis bill, the Equal COLA Act (S 624), equalizes cost-of-living adjustments (COLAs) for federal retirees under the Federal Employees Retirement System (FERS) and the Civil Service Retirement System (CSRS). It directly affects current and future FERS retirees, who currently receive less favorable COLAs than CSRS retirees. The key provision amends federal law to apply the same annual COLA calculation method - based on the previous year's price index change - to both systems, effective December 1 each year. This change ensures FERS annuities receive the same adjustment percentage as CSRS annuities, regardless of when the annuity began. The bill applies to all affected annuities commencing before, on, or after enactment.

Maddy summaryThe IRS MATH Act of 2025 requires the IRS to send taxpayers clearer, more detailed notices when correcting math or clerical errors on their tax returns. These notices must explain the error type, specify the exact line on the return affected, and provide a plain-language breakdown of how corrections impact income, deductions, credits, and taxes owed. The bill also mandates similar detailed notices for IRS corrections (abatements) and sets a 12-month timeline for implementation after enactment. Additionally, the IRS must develop procedures for taxpayers to request corrections and run a pilot program testing certified mail notices with e-signature confirmation.

Maddy summaryThis bill requires the Internal Revenue Service to conduct audits of the income tax returns of Presidents and certain related individuals (including spouses, estates, and trusts) and to publicly disclose specific information about those audits. The IRS must provide an initial report within 90 days of a tax return being filed, followed by periodic reports every 180 days, and a final report within 90 days of audit completion. The bill also requires Presidents to include their three most recent tax returns in required reports, and presidential candidates to include them within 15 days of nomination. The IRS would provide these returns to the Office of Government Ethics or Federal Election Commission upon request, with certain personal information redacted before public disclosure.

Maddy summaryThe SAD Act prohibits crisis pregnancy centers (CPCs) from making deceptive claims about offering abortion services, contraception, or licensed medical care. It targets CPCs - anti-abortion organizations that mislead patients with false information, often near community health centers - to prevent them from discouraging access to reproductive care. The Federal Trade Commission (FTC) enforces the law, with penalties up to $100,000 per violation or 50% of a CPC’s revenue, and requires annual FTC reports on enforcement actions. This directly affects CPCs and aims to ensure accurate information for people seeking abortion care, particularly low-income women and women of color facing heightened barriers post-Dobbs.

Maddy summaryThe Age 21 Act (S 597) would prohibit individuals under 21 years old from purchasing certain firearms and related items. The bill specifically targets semiautomatic assault weapons, certain pistols, shotguns, and large-capacity ammunition feeding devices by amending Section 922 of Title 18. It defines detailed categories of firearms that would be covered, including specific models like AR-15s and AK-47s, as well as features like detachable magazines that hold more than 10 rounds. The bill would require sellers to verify that buyers are at least 21 years old for these specific firearms and ammunition types. This would directly affect young adults aged 18-20 who would no longer be able to purchase these defined firearms.

Maddy summarySRES 64 is a Senate resolution honoring the 67 victims of a mid-air collision between American Airlines Flight 5342 and a U.S. Army aircraft near Washington, D.C., on January 29, 2025. It directly affects the families, friends, and communities of the victims, who were from multiple U.S. states and several countries. The resolution formally commemorates the lives lost, offers condolences to grieving families, and expresses gratitude to the 42 emergency response agencies that assisted in rescue and recovery efforts. As a commemorative resolution, it has no policy or legal effect beyond expressing collective mourning and recognition.

Maddy summaryThe Carried Interest Fairness Act of 2025 would change how investment fund managers are taxed on their "carried interest" - the share of profits they earn for managing investment funds. Currently, this is often taxed at lower capital gains rates, but the bill would require it to be taxed as ordinary income instead. It creates new rules for "investment services partnership interests" and specifies that gains and losses from these interests must be treated as ordinary income or loss. The bill directly affects investment fund managers and aims to align their tax treatment more closely with how other business income is taxed.