Maddy summaryThis bill requires retirement plan managers (fiduciaries) to primarily consider financial factors like risk and return when selecting investments for employee benefit plans, such as 401(k)s. It allows using non-financial factors (like environmental or social concerns) only if financial factors are insufficient to choose between options, and then mandates detailed documentation explaining why financial factors weren't decisive and how the non-financial choice still serves participants' retirement interests. The rule applies to investments made 60 days after the bill becomes law. It directly affects plan managers overseeing retirement savings, not individual investors.
Sponsored bills
Maddy summaryThis bill repeals a corporate minimum tax provision in the Internal Revenue Code. It directly affects corporations by eliminating their requirement to pay a separate minimum tax (known as the corporate alternative minimum tax) that applied alongside regular corporate income tax. Key provisions amend tax code sections to set the corporate minimum tax amount to zero and remove related adjustments and calculations. The change takes effect for taxable years beginning after December 31, 2022.
Maddy summaryThis bill authorizes a Congressional Gold Medal to honor the service of Army and Navy nurses who served during World War II. It directly recognizes approximately 73,000 nurses (including those who died in action or captivity) who provided critical medical care under combat conditions across 6 continents. The medal, designed by the Treasury Secretary, will be displayed at institutions like the Smithsonian, the Women in Military Service Memorial, and military museums. The bill is purely commemorative, with no new benefits or policy changes, focusing solely on formal recognition of their wartime contributions.
Maddy summaryThis bill, the "Back the Blue Act of 2023," strengthens federal protections for law enforcement officers by creating new criminal penalties for killing or assaulting them while on duty. It makes it a federal crime to kill or attempt to kill law enforcement officers, federal judges, or federally funded public safety officers (including firefighters and first responders) during official duties, with penalties ranging from 10 years to life in prison or death if the victim dies. The bill also establishes a new federal offense for fleeing interstate to avoid prosecution for killing law enforcement officers and adds a new aggravating factor for death penalty cases involving officers. Additionally, it expands law enforcement officers' rights to carry firearms in certain circumstances and limits federal habeas corpus relief for murder convictions involving law enforcement officers.
Maddy summaryS 1544, the Facilitating Innovative Nuclear Diagnostics Act of 2023, requires Medicare to make separate payments for certain high-cost diagnostic radiopharmaceuticals starting January 1, 2024. It applies to drugs meeting a $500 per day cost threshold (rising annually with inflation), defined as FDA-approved nuclear imaging drugs launched after 2008. Payments will use existing Medicare pricing mechanisms - either average sales price or wholesale acquisition cost - to ensure separate coverage without bundling. This directly affects Medicare beneficiaries receiving these specific nuclear diagnostics and the hospitals/providers billing Medicare for them. The bill does not change patient costs or coverage eligibility but alters Medicare's payment structure for these drugs.
Maddy summaryThis is a symbolic Senate resolution (SRES 201) supporting National Nurses Week, observed annually from May 6-12. It recognizes nurses' contributions to healthcare, their role as patient advocates, and their status as the largest healthcare profession (over 4.5 million registered nurses in the U.S.). The resolution encourages the public to observe the week with recognition and activities but does not create new laws, funding, or requirements. It has no direct effect on policy or nursing practice.
Maddy summaryThe SPACE Act (S 1483) requires the National Space Council to report on Chinese and Russian space investment activities, including their military-civil fusion efforts and space technology development. It bans federal funds from purchasing certain telecommunications or aerospace goods/services from entities linked to the Chinese government, Communist Party, military, or specific state-owned corporations like China Aerospace Science and Technology Corporation. The bill also mandates new SEC disclosures for foreign investors owning over 2% of U.S. space-related companies and requires annual reports on foreign investment in U.S. space activities. These provisions directly affect U.S. government spending, covered entities (U.S. businesses in space/telecom sectors), and foreign investors in the U.S. space industry.
Maddy summaryThe Make the Migrant Protection Protocols Mandatory Act of 2023 (S 1479) would require the U.S. government to implement the Migrant Protection Protocols (MPP), commonly known as "Remain in Mexico," for certain asylum seekers encountered at the border. It amends Section 235(b)(2)(C) of the Immigration and Nationality Act by changing "may" to "shall," making MPP implementation mandatory rather than discretionary. The MPP requires asylum seekers to wait in Mexico while their U.S. immigration cases are processed, directly affecting individuals seeking asylum at the border who would otherwise be allowed to remain in the U.S. during proceedings. This policy change would standardize the use of MPP across all relevant cases without requiring additional legislative action.
Maddy summaryThis Senate resolution (SRES 200) expresses support for designating April 30-May 6, 2023, as "National Small Business Week" to honor small businesses and entrepreneurs across the United States. It recognizes that small businesses (over 33 million nationwide supporting 62 million jobs) are vital to the U.S. economy and highlights their resilience. The resolution specifically calls for celebrating their contributions, acknowledging challenges they face, and supporting efforts to improve access for underserved small businesses. As a symbolic gesture - not a law - it does not create new policies or funding but formally recognizes small business impact.
Maddy summarySRES 106 is a 2023 U.S. Senate resolution condemning China's implementation of the Hong Kong national security law and related actions. It specifically criticizes the law's use to suppress dissent, target figures like pro-democracy advocate Jimmy Lai and Cardinal Zen, and undermine Hong Kong's autonomy under the "one country, two systems" framework. The resolution urges governments to hold China accountable, supports Hong Kong residents' fundamental freedoms, and calls for dropping all national security law charges against detainees. It does not create new laws or impose direct consequences but serves as a symbolic expression of congressional concern about Hong Kong's political rights and rule of law.