Sen. Bill Hagerty

Maddy summaryS 3703, the RESPITE for Businesses Act, allows corporations to automatically exclude shareholder proposals about social issues (like climate or labor practices) from voting without needing to justify why the proposal doesn't address a "significant social policy issue." This changes existing SEC rules by removing the requirement for companies to assess the proposal's policy significance before rejecting it. The bill directly affects businesses (issuers) and shareholders who submit such proposals, streamlining the exclusion process. It makes no changes to the underlying proposals themselves but alters the procedural hurdle for corporations to dismiss them.

Maddy summaryThis bill establishes a Space National Guard as part of the organized militia in states, territories, Puerto Rico, and the District of Columbia where the Space Force operates, and creates a Space National Guard of the United States as the Space Force's reserve component. It defines key terms for these entities in federal law (including requirements for training, federal recognition, and status as a space force), mandates implementation by the Air Force and National Guard Bureau within one year, and requires annual congressional briefings on operations and funding. The bill explicitly states it does not affect existing military installations or require facility relocations.

Maddy summaryThis bill amends the Natural Gas Act to give the Federal Energy Regulatory Commission (FERC) exclusive authority to approve or deny applications for LNG terminal construction, expansion, or operation for exporting or importing natural gas. It requires FERC to deem LNG exports consistent with the public interest when making decisions, streamlining the approval process for energy companies seeking to build or expand export facilities. The bill clarifies that this change does not affect other federal agencies' responsibilities regarding LNG facilities or existing laws governing imports/exports. It directly affects LNG terminal developers, energy exporters, and the federal regulatory process for natural gas trade.

Maddy summaryThis bill permanently exempts fixed-income securities (like bonds and notes) from a Securities and Exchange Commission rule (Rule 15c2-11) that previously applied to over-the-counter market quotations. It directly affects brokers, dealers, and businesses that trade fixed-income securities, particularly those using Rule 144A for qualified institutional buyers. The key provision states that Rule 15c2-11 shall not apply to quotations of fixed-income securities, codifying an existing SEC exemption from October 2023. This change maintains the current regulatory treatment of fixed-income markets without requiring new rulemaking or public input.

Maddy summaryThis bill updates the Agricultural Foreign Investment Disclosure Act (AFIDA) to strengthen reporting requirements for foreign ownership of U.S. agricultural land. It requires foreign individuals or entities holding at least 1% interest (directly or through multiple ownership layers) to report holdings, and directs the Farm Production and Conservation Business Center (FPAC-BC) to validate data and ensure compliance. The bill also mandates coordination with the Committee on Foreign Investment in the U.S. (CFIUS), updates the Farm Service Agency handbook using GAO recommendations, and analyzes streamlining electronic reporting. These changes aim to improve transparency and national security oversight of foreign agricultural land investments.

Maddy summaryThis bill requires the U.S. Census Bureau to add a citizenship status question to the 2030 and future decennial censuses, asking households to identify each member as a U.S. citizen, U.S. national (not citizen), lawfully residing alien, or unlawfully residing alien. It mandates that the Census Bureau publicly release state-level population data broken down by these four categories after each census. The bill also changes apportionment rules to exclude noncitizens from the population count used to determine the number of House seats and electoral votes each state receives, starting with the 2030 census. This directly affects how congressional representation and electoral votes are allocated among states based on population data.

Maddy summaryThe Insurance Data Protection Act (S 3349) requires federal financial regulators to coordinate with state insurance regulators before collecting data from insurance companies, ensuring they first check if the data is already available from existing sources to avoid duplication. It protects the confidentiality of data shared with federal regulators, preventing waivers of existing privacy protections or legal privileges under federal or state law. The bill applies to insurance companies and federal financial regulators (such as the Federal Reserve and Commodity Futures Trading Commission), mandating that any data-sharing agreements with state regulators maintain confidentiality. Key provisions include a "coordination step" to reduce redundant data requests and strict rules preserving privacy obligations for all data handled under this law.

Maddy summaryThis Senate resolution (SRES 531) formally designates January 21-27, 2024, as "National School Choice Week." It recognizes existing annual events celebrating parental choice in K-12 education options, including public schools, charters, private schools, and homeschooling. The resolution encourages parents to learn about educational choices and urges the public to participate in awareness events during this week. It does not create new laws, funding, or regulations - it is a symbolic recognition of an established observance.

Maddy summaryS.1108, the Death Tax Repeal Act of 2023, repeals the federal estate tax and generation-skipping transfer tax for estates of people who die after the bill's enactment. It also modifies the gift tax by establishing a $10 million lifetime exemption (adjusted for inflation) and creating a new tax rate schedule for gifts. This bill directly affects high-net-worth individuals who would have paid estate or gift taxes on large transfers of wealth. The changes take effect after the bill's passage, with the exemption adjusted annually for inflation.

Maddy summarySRES 523 is a Senate resolution honoring the late Senator Herb Kohl of Wisconsin. The resolution expresses the Senate's sorrow at his death, directs the Secretary of the Senate to communicate it to the House of Representatives and send a copy to his family, and instructs the Senate to adjourn as a mark of respect. This procedural resolution does not create new laws or affect policy, but formally commemorates Kohl's service and legacy. It was introduced by a bipartisan group of Senators and passed unanimously on January 11, 2024.