Maddy summaryThe PROOF Act (S 3087) requires digital exchanges and digital custodians to prove they hold customer assets (like cryptocurrency or digital funds) separately from their own money. It mandates monthly independent audits showing cryptographic proof of reserves (verifying assets exist and are owned by customers) and liabilities, with reports made public. Non-compliance triggers tiered civil penalties - up to $0.90 per user or 0.9% of assets under management - scaled by the number of violations in a 24-month period. The law applies to platforms handling digital assets (e.g., crypto exchanges) and takes effect after an industry-standard audit framework is approved.
Sponsored bills
Maddy summaryThe Retirement Savings for Americans Act of 2023 creates a new retirement savings program for workers who don't have access to an employer-sponsored retirement plan with automatic enrollment. The program automatically enrolls eligible workers at 3% of their pay, with the government matching up to 100% of the first 3% contributed. Workers can choose from investment options including government securities, fixed income, and stock index funds. The program is managed by a new Investment Board with fiduciary responsibilities to protect participants' savings and is funded through participant contributions and government matching credits.
Maddy summaryS. Res. 406 is a Senate resolution honoring the late Richard Clarence Clark, a former U.S. Senator from Iowa (served 1973-1979), who died in 2023. The resolution expresses the Senate’s sorrow at his passing, requests that the House of Representatives and Clark’s family be informed, and directs the Senate to adjourn for the day as a mark of respect. This is a purely commemorative measure with no policy or legal effect, reflecting the Senate’s collective tribute to a former member.
Maddy summarySRES 409 is a procedural resolution authorizing the use of the Philip A. Hart Senate Office Building atrium on October 31, 2023, from 4:00 to 6:00 p.m. for a "Bipawtisan Howl-o-ween Dog Pawrade" event. It does not affect any policy or legislation, but formally permits this specific Halloween-themed gathering of dogs and their owners in a Senate building space. The resolution includes preamble statements highlighting the role of dogs in American households, military service, and law enforcement. This is a ceremonial authorization with no substantive policy changes, intended solely for event scheduling.
Maddy summaryThis bill requires Medicare Advantage plans (which provide health coverage to seniors) to maintain accurate, publicly available online provider directories. It mandates quarterly verification of provider information, removal of outdated listings within 5 business days, and clear indications when information may be outdated. If a patient is directed to a provider listed in the directory but not actually in-network, the plan must cover the same cost-sharing as if the provider were in-network. These changes aim to improve access to care by ensuring beneficiaries can reliably find participating providers for covered services like mental health care.
Maddy summaryThe Air America Act of 2023 authorizes a one-time $40,000 payment to individuals who served for at least five years with Air America or its affiliated companies (1950-1976) or to their survivors, including widows, widowers, children, or dependents. Additional payments of $8,000 per full year beyond five years of service are provided for longer service periods. The total funding for these awards is capped at $60 million, with claims required to be filed within two years of implementing regulations. The Director of the Central Intelligence Agency administers the program, processing claims and issuing lump-sum payments to eligible individuals or their survivors.
Maddy summaryS 3053 prohibits U.S. imports of crude oil, petroleum, petroleum products, and liquefied natural gas from Venezuela and Iran, effective 15 days after enactment. The bill directly affects energy exporters in those countries by blocking a key revenue stream. It includes an exception for energy products seized by U.S. authorities due to existing sanctions. The prohibition is justified under World Trade Organization security exceptions related to national security concerns about these nations' ties to terrorist groups.
Maddy summaryThis is a ceremonial Senate resolution honoring the late Senator Dianne Feinstein of California. It expresses the Senate's respect for her legacy through a formal statement and calls for the chamber to adjourn as a mark of tribute following her passing. The resolution details her historic milestones, including being the first woman to represent California in the Senate, chair multiple key committees, and advocate on issues like gun safety and conservation. It has no policy impact or direct effect on constituents, as it is purely commemorative.
Maddy summaryThis bill reinstates U.S. sanctions on Iran that were previously waived under an agreement between the U.S. and Iran, including a specific waiver related to funds from South Korea to Qatar (documented in a September 11, 2023, congressional transmission). It blocks any U.S. government action to release funds or assets to Iran under that agreement and prohibits future waivers, suspensions, or relief for these sanctions. The bill directly affects Iran's access to certain financial assets tied to the agreement. It targets concrete policy changes by reversing prior relief without altering broader sanctions frameworks.
Maddy summaryThis resolution (SRES 395) recognizes the service of approximately 61,000 Montagnard indigenous people from Vietnam's Central Highlands who fought alongside U.S. forces during the Vietnam War, including 43,000 in Civilian Irregular Defense Groups (CIDGs). It condemns the Vietnamese government's ongoing human rights violations against Montagnards, citing documented abuses such as forced religious renunciation, land confiscation, imprisonment for peaceful protests, and restrictions on religious practice. The resolution specifically references U.S. government reports (2022 Human Rights and Religious Freedom Reports) detailing systematic discrimination and violence targeting Montagnard Christians in the Central Highlands. It urges the U.S. government to support Montagnards and other marginalized groups while calling on Vietnam to end these abuses and respect basic rights.