Sen. Bill Hagerty

Maddy summaryThe Depositor Protection Act of 2023 increases federal deposit insurance coverage for noninterest-bearing transaction accounts to $100 million per depositor at insured banks. Smaller banks with less than $250 billion in total assets may opt out of this higher coverage without facing additional fees. The enhanced coverage is temporary, reverting to standard limits after two years. The bill also adjusts reciprocal deposit limits (raising the cap from $5 billion to $10 billion) and modifies bank resolution procedures to address secondary costs to the Deposit Insurance Fund.

Maddy summarySRES 263 is a symbolic Senate resolution commemorating June 19, 2023, as "Juneteenth National Independence Day" to recognize June 19, 1865 - the date Union troops announced the end of slavery in Texas. It honors the historical significance of this date, when news of emancipation reached enslaved people in the Southwestern U.S. after the Civil War. The resolution does not create new laws or policies but formally acknowledges this observance as part of U.S. history and heritage, supporting nationwide recognition of the event. It affects all Americans by affirming a shared historical moment in the nation's journey toward freedom.

Maddy summarySRES 254 is a 2023 Senate resolution that symbolically condemns antisemitism and endorses the International Holocaust Remembrance Alliance's (IHRA) widely adopted working definition of antisemitism. It urges U.S. federal, state, and local governments, along with academic institutions and civil society groups, to use the IHRA definition as a standard tool for identifying and addressing antisemitism. The resolution specifically highlights examples of antisemitism, such as Holocaust denial, conspiracy theories about Jewish control, and blaming Jewish communities for Israel's actions. As a non-binding resolution, it does not create new laws or directly affect any group but formally supports the IHRA definition's global use in combating antisemitism.

Maddy summaryS 2005, the Mandatory Materiality Requirement Act of 2023, would require the Securities and Exchange Commission (SEC) to specify in new disclosure rules that public companies must only disclose information the company determines is important for investment decisions. The bill amends the Securities Acts of 1933 and 1934 to mandate that the SEC explicitly state in rulemaking that disclosure obligations apply only when information is material - meaning a reasonable investor would consider its omission significant to their decision. This applies to all SEC rulemaking on disclosure requirements for public companies, though it excludes rules that would reduce disclosure burdens. The bill does not change current disclosure standards but alters how future SEC rules must be structured.

Maddy summaryThis bill prohibits U.S. foreign aid to countries designated as state sponsors of terrorism under the Foreign Assistance Act of 1961. It amends Section 620A by removing existing exceptions that allowed aid despite terrorism designations, including language related to the Export-Import Bank. The key change eliminates prior exemptions, requiring a complete halt to all U.S. foreign assistance for these countries. This directly affects nations like Iran, Syria, and North Korea, which are currently listed as state sponsors of terrorism by the U.S. government. The policy change takes effect immediately upon enactment, with no funding permitted for these countries under the amended law.

Maddy summaryThis bill prohibits state and local governments from imposing additional production standards on agricultural products grown in another state but sold in interstate commerce, unless those standards already apply under federal law or the state where production occurs. It directly affects farmers, distributors, and businesses operating across state lines by preventing states from creating new barriers to interstate agricultural trade. Key provisions include creating a federal legal right for affected parties to challenge such state regulations in court, with automatic preliminary injunctions to halt enforcement pending resolution. The law also sets a 10-year limit for filing lawsuits and specifies where cases can be heard.

This resolution celebrates the 246th anniversary of the creation of the U.S. flag, recognizes that the Pledge of Allegiance has been a valuable part of life for the people of the United States for generations, and defends the constitutionality of the pledge.

Maddy summaryThis bill amends two existing federal grant programs to support individuals recovering from substance use disorders. It increases annual funding for treatment and workforce grants from $5 million to $36 million (2024-2028), with allocations based on a state's overdose death rate, unemployment rate, and labor force participation rate compared to national averages using 2018-2022 data. States with higher overdose deaths, unemployment, or lower workforce participation receive more funding. The bill also allows grant funds to cover transportation for participants traveling to work, job training, or recovery services, and extends the Recovery Housing Program through 2028.

Maddy summaryThis bill creates new controls on the export of sensitive personal data of U.S. citizens and individuals in the U.S. to prevent foreign adversaries from exploiting it for national security threats. It requires the Secretary of Commerce to identify categories of personal data that could harm national security if transferred abroad, and to establish thresholds (ranging from 10,000 to 1,000,000 covered individuals) for when data exports require licensing. Companies would need licenses to transfer data to "restricted countries" above these thresholds, with exceptions for encrypted data, journalism, personal data of the individual themselves, and data transfers necessary for services. The bill also establishes a process for determining which countries are considered "restricted" based on their data protection laws and potential for exploitation by foreign governments.

Maddy summaryThis bill directs the U.S. government to use its influence at the United Nations to extend the mandate of the UN Human Rights Council’s fact-finding mission on Venezuela. It requires the State Department to advocate for the mission’s continuation until Venezuela holds free elections, ends Nicolás Maduro’s rule, restores democracy, frees political prisoners, and delivers humanitarian aid. The bill also mandates annual U.S. reports to Congress on these efforts and urges UN action to address human rights violations, support humanitarian aid, and assist detained individuals. The bill directly affects U.S. foreign policy toward Venezuela and the UN mission’s ability to investigate human rights abuses since 2014.