Maddy summaryThis bill requires investment companies and their transfer agents to implement safeguards for "specified adults" (individuals aged 65+ or with mental/physical impairments that limit their ability to protect their interests). It mandates that these firms request and retain contact information for a trusted person when a customer holds a direct-at-fund account, and allows them to postpone redemptions for up to 15 business days (extendable by 10 days) if they reasonably suspect financial exploitation during a redemption request. Firms must document all delays, notify designated contacts within 2 days of an extension, and hold funds in a demand deposit account during the delay. The law also requires firms to establish internal procedures for handling such cases and include redemption delay notices in prospectuses.
Sponsored bills
Maddy summaryS. RES. 810 is a Senate resolution supporting the designation of September 11-17, 2024, as "Patriot Week." It encourages schools, government agencies, and the public to observe the week by studying U.S. history, founding documents, and symbols while honoring the victims of the September 11, 2001, attacks. The resolution emphasizes that understanding the nation's foundational principles is essential for preserving the United States as a free society. As a symbolic resolution, it does not create legal requirements or obligations.
Maddy summaryS 4035, the FEHB Protection Act, strengthens verification processes for family members covered under the Federal Employees Health Benefits (FEHB) program. It requires federal agencies to verify the eligibility of individuals added to a health plan due to life events (like marriage or birth) and conduct a 5-year audit of unverified family coverage using documents like marriage or birth certificates. The bill directly affects federal employees and retirees adding family members to their FEHB plans by ensuring only eligible individuals remain covered, with the Office of Personnel Management empowered to remove ineligible enrollees.
Maddy summaryS 2866, the Improving Government Services Act, requires federal agencies and high-impact service providers (like those handling passports, Social Security benefits, or veterans' records) to create annual "customer experience action plans." These plans must detail how agencies will streamline services, reduce wait times, improve digital accessibility (including for people with disabilities or limited English proficiency), and cut unnecessary paperwork. Agencies must also track processing times for key services and coordinate with other agencies to simplify interactions. The Office of Management and Budget will oversee compliance and publish annual reports on opportunities to further improve service delivery.
Maddy summaryS 2293 (AI LEAD Act) requires federal agencies to establish Chief Artificial Intelligence Officers (AIOs) and AI Governance Boards to coordinate AI use across the government. It mandates agencies to develop AI strategies focused on trustworthiness, privacy, civil rights, and risk management, with AIOs overseeing AI development, acquisition, and oversight. The bill creates a Chief AI Officers Council to share best practices, coordinate interagency efforts, and advise the Office of Management and Budget. Agencies must report AIO appointments to Congress within one year and implement AI strategies covering ethics, risk mitigation, and workforce training. The law expires 10 years after enactment.
Maddy summaryS 4973, the "No Kings Act," removes presidential and vice presidential immunity from federal criminal prosecution, requiring such cases to be handled in federal district courts with appeals limited to the D.C. Circuit. The bill specifically bars the Supreme Court from reviewing cases involving claims of presidential immunity for official acts, including dismissals of indictments or overturning convictions. It directly affects current and former presidents and vice presidents by subjecting them to the same federal criminal accountability as all other citizens. Key provisions prevent courts from considering whether alleged crimes were part of official duties unless Congress specifies otherwise, and clarify that state criminal laws remain applicable.
Maddy summaryS 3594, the SHARE IT Act, requires U.S. federal agencies to share custom-developed software code (created by or for the government) through public or private repositories within 210 days of enactment. It mandates agencies to make metadata about this code publicly accessible and develop policies for sharing, reuse, and security oversight, while exempting classified code or code posing privacy risks. The bill directly affects all federal agencies by requiring them to reduce duplicated software development efforts, improve system interoperability, and enhance security through shared code review. Key mechanisms include standardized reporting on code reuse, quarterly repository updates, and annual congressional reports tracking agency compliance and exemptions.
Maddy summaryThis bill reauthorizes an existing program that provides support and treatment services for law enforcement officers experiencing mental health crises. It extends the funding period for this program from 2020-2024 to 2025-2029 under the Omnibus Crime Control and Safe Streets Act. The key mechanism is simply updating the expiration dates in the law to continue current funding without altering the program's scope or eligibility. The bill directly affects law enforcement officers who access these crisis support services through participating agencies.
Maddy summaryThe SMART Leasing Act establishes a two-year pilot program allowing federal agencies to lease underutilized government properties (like buildings or land) to private entities, state/local governments, or other federal agencies at fair market value. Rental income must first cover the agency's lease costs, with any surplus funding property maintenance, upgrades, and improvements through a dedicated working capital account. The program includes strict safeguards: no leasebacks during term, a maximum of six annual leases, 15-year lease limits, and mandatory certification that leases won’t harm agency missions. Federal agencies must report annually to Congress on lease details and fund usage, with a final evaluation due two years after enactment to determine if the pilot should continue.
Maddy summaryThis bill proposes a constitutional amendment to affirm that no person, including the President and other federal officials, is above the law. It would require all officials holding authority under the U.S. government to be subject to ordinary criminal prosecution for both official and unofficial actions. The amendment mandates that general laws apply to the President unless specified otherwise and grants Congress power to enforce this by, for example, extending the statute of limitations for prosecuting a sitting President during their term. If ratified by three-fourths of states, this change would become part of the Constitution, altering how federal law applies to high-level government officials.