Sen. Thom Tillis

Insurance Data Protection Act This bill limits the ability of federal entities to compel insurance companies to share information. Specifically, the bill eliminates the subpoena power of the Federal Insurance Office. Under current law, the office has the power to subpoena information from insurers to, among other purposes, identify issues that could contribute to a systemic crisis in the insurance industry or the U.S. financial system. The bill also eliminates the ability of the Office of Financial Research to subpoena insurance companies. When seeking to collect insurance company data under specified consumer protection laws, a financial regulator must obtain the data from other regulators or from publicly available sources if possible. Otherwise, the financial regulator may only collect this data directly from the insurance company if the regulator complies with the Paperwork Reduction Act.

Maddy summaryThe Stand with Israel Act would prohibit U.S. federal funds from being used to pay the U.S. share of United Nations dues or contributions to UN programs, specialized agencies, or related entities if the UN or a UN entity expels, downgrades, or suspends Israel's membership or restricts Israel's full and equal participation as a member state. This means the U.S. government would withhold payments to the UN in cases where the UN takes such actions against Israel. The bill directly affects the Department of State and other federal agencies responsible for UN funding, requiring them to block these payments under specified conditions. It does not compel the UN to act but would prevent U.S. financial support in response to UN decisions impacting Israel's membership status.

Maddy summaryThe Retirement Savings for Americans Act of 2025 would establish a new government-managed retirement savings program called the American Worker Retirement Fund, primarily for workers without access to employer-sponsored retirement plans. It would automatically enroll eligible workers at a 3% contribution rate (with the option to opt-out) and provide a government match tax credit of up to 5% of income for contributions. The fund would be invested in various options including government securities, fixed-income, and stock index funds, managed by an independent board of experts. Participants would have access to their funds at retirement age with multiple withdrawal options, and the program would include financial literacy requirements to help participants make informed decisions. This program would directly affect qualifying workers (employees without retirement plans or independent contractors without retirement plans) and participating employers who would be required to enroll eligible workers.

Maddy summaryS 1504, the Claiming Age Clarity Act, changes Social Security Administration terminology by 2027 to replace terms like "early eligibility age" and "full retirement age" with clearer phrases such as "minimum monthly benefit age" and "standard monthly benefit age." It also eliminates the term "delayed retirement credit" and refers to age 70 as the "maximum monthly benefit age" instead. These changes apply to all Social Security Administration materials, including online resources and printed guides, directly affecting how beneficiaries and the public understand retirement benefit options.

Maddy summaryThe Affordable Housing Credit Improvement Act of 2025 updates the Low-Income Housing Tax Credit program to increase affordability and accessibility for low-income households. It raises state allocation amounts through revised per capita calculations, modifies income eligibility rules to better serve extremely low-income households, and adds protections for domestic violence victims in housing. The bill expands "difficult development areas" to include rural areas and Indian lands, and changes the program's name from "Low-Income Housing Credit" to "Affordable Housing Credit" to better reflect its purpose. These changes aim to make affordable housing more accessible while improving transparency and accountability in the program's implementation.

Maddy summaryThis resolution designates the week of April 19-27, 2025, as "National Park Week" in the U.S. Senate. It encourages the public to responsibly visit, experience, and support national parks across the United States. The resolution highlights the National Park System’s role in preserving natural and cultural resources while acknowledging its economic impact and recreational value. It does not create new laws or alter funding, focusing solely on recognition and public engagement.

Maddy summaryThe Combating Organized Retail Crime Act amends federal law to strengthen legal tools for addressing organized retail crime, including theft from stores, online, and supply chains. It establishes a new Organized Retail and Supply Chain Crime Coordination Center within the Department of Homeland Security to coordinate Federal, State, local, and tribal law enforcement efforts. The Center will share information, assist with investigations, track crime trends, and provide training to combat these crimes. The bill expands legal definitions to include organized retail crime as a specific category and requires annual reports on the Center's activities. The Center will operate for 7 years before sunset.

Proving Reserves Of Others’ Funds Act or the PROOF Act This bill requires digital exchanges to protect customer funds and provide proof of reserves. Specifically, digital exchanges must minimize (1) customer risk of asset loss, and (2) delays experienced by a customer when accessing assets. With some exceptions, a customer’s assets must be separated from any other assets and may not be used to margin, secure, or guarantee a trade or account of a person other than the customer. Further, digital exchanges and digital custodians must report on their proof of reserves through an attestation from an independent auditing firm or a disinterested third party. The Office of Domestic Finance in the Department of the Treasury must make these attestations publicly available. The bill also provides for the creation of an industry standard for the attestations. Violations are subject to civil penalties.

Maddy summaryS 1418 requires federal agencies to produce three reports analyzing data on threats to law enforcement officers and their well-being. The bill mandates a report on violent attacks (including ambushes) against officers, current training programs, and gaps in gear distribution; a report on adding a new category for non-criminal aggressive incidents against officers; and a report on mental health impacts and available support resources. These reports, due 270 days after enactment, will assess data collection systems, resource effectiveness, and disparities in reporting. The bill directly affects federal, state, and local law enforcement agencies by requiring them to contribute data and shape future safety policies. Its goal is to inform better resource allocation and training based on comprehensive data, not to mandate immediate changes.

Maddy summaryThis bill extends tax filing and payment deadlines for individuals and businesses affected by federally declared disasters, such as hurricanes or wildfires. It modifies the tax code to automatically treat disaster-related delays as extensions for both filing tax returns and making payments, preventing penalties during declared emergencies. Key provisions include amending IRS rules to apply these extensions to tax credit claims and collection notices issued after the bill's enactment. The law directly benefits taxpayers in disaster-impacted areas by providing relief during recovery periods.