Sen. Jack Reed

Maddy summaryThe Billionaires Income Tax Act (S 2845) would require high-net-worth individuals with at least $1 billion in assets or $100 million in annual income (or $500 million/$50 million for married filing separately) to pay taxes annually on investment gains rather than deferring taxes until assets are sold. It implements "mark-to-market" taxation for tradable assets like stocks and closes loopholes that allow tax-free transfers of assets to heirs, eliminating strategies like "buy, borrow, die." The bill targets "applicable taxpayers" by requiring annual tax payments on investment gains and modifies special tax provisions for investments in small business stock and qualified opportunity funds. The law would apply to individuals meeting either the asset or income test for three consecutive years, with specific rules for married couples and trusts.

Maddy summarySRES 393 designates September 25, 2025, as "National Lobster Day" and encourages Americans to observe the day with appropriate ceremonies and activities. The resolution recognizes lobster's cultural significance, economic role in coastal communities, and its status as a sustainable seafood choice. It does not create new laws or affect specific groups but formally acknowledges the industry's contributions through a symbolic national observance. This procedural resolution was introduced by Senators King, Shaheen, Collins, and others.

Maddy summarySRES 394 designates September 2025 as "National Literacy Month" through a Senate resolution. It calls on federal, state, local, schools, libraries, nonprofits, businesses, and the public to observe the month with literacy-focused programs. The resolution does not create new laws, funding, or policy requirements. It references statistics on literacy challenges (e.g., adult illiteracy costs) but serves solely as a symbolic recognition of literacy's importance.

Maddy summaryThis non-binding Senate resolution (SRES 389) condemns Secretary of Health and Human Services Robert F. Kennedy, Jr.'s actions dismissing the CDC's independent Advisory Committee on Immunization Practices and opposes Florida's 2025 policy rolling back school immunization requirements for children. It affirms that vaccines are critical for public health, preventable illness, and hospitalization reduction, and must be widely accessible at high community adoption rates. The resolution expresses the Senate's support for science-based vaccine policies, opposes politicizing medical recommendations, and emphasizes that vaccines should remain affordable and available through insurance and community settings like clinics and pharmacies. It does not create new laws but formally states the Senate's position against policies it views as endangering public health.

Maddy summaryThe FAMILY Act (S 2823) would establish a federal paid family and medical leave insurance program that provides wage replacement benefits for eligible workers who need time off for family or medical reasons. It directly affects workers who need leave to care for a family member with a serious health condition, address their own serious health condition, or deal with family violence or other qualifying acts of violence. The program would pay a percentage of an individual's average earnings (up to 85% for lower earners), with maximum monthly benefits of $4,000 and minimum benefits of $580 in 2026, while requiring employers to maintain health coverage during leave. The Social Security Administration would administer the program through a new Office of Paid Family and Medical Leave, with benefits available starting 18 months after enactment.

Maddy summaryThis bill bans forced arbitration clauses in employment, consumer, antitrust, and civil rights disputes. It prohibits agreements that require individuals to resolve such disputes through private arbitration before any conflict arises, and also blocks waivers that prevent people from joining class or collective lawsuits. The law directly affects workers facing workplace issues, consumers with purchase disputes, and individuals alleging discrimination or civil rights violations. It ensures these cases can be handled in court rather than private arbitration, applying to disputes occurring after the law takes effect.

Maddy summarySRES 385 is a Senate resolution recognizing suicide as a serious public health issue in the U.S. and supporting the designation of September as "National Suicide Prevention Month." It does not create new laws or funding but formally acknowledges suicide statistics (e.g., 49,000 annual deaths, 1 death every 11 minutes) and emphasizes suicide prevention as a priority. The resolution promotes awareness that suicide has no single cause and encourages access to mental health services, without specifying policy changes or requiring government action. It is a symbolic gesture by the Senate, not a binding legislative measure.

Maddy summaryThe Measuring the Cost of Disasters Act of 2025 requires the National Oceanic and Atmospheric Administration (NOAA) to create and maintain a public database and webpage tracking U.S. billion-dollar disasters. The database will include each disaster’s estimated total cost, type (e.g., hurricane, wildfire), location, dates, and visual maps showing trends over time - similar to a previously available NOAA tool. NOAA must update this resource twice yearly as new data becomes available, using existing federal and non-federal partnerships. This policy change makes historical disaster cost data publicly accessible for research and transparency, without altering disaster response or funding mechanisms.

Maddy summaryS 2784, the Congressional Tribute to Constance Baker Motley Act of 2025, is a commemorative resolution honoring civil rights pioneer Constance Baker Motley. It authorizes the posthumous presentation of a Congressional gold medal to her son, Joel Motley III, and niece, Constance Royster, recognizing her historic role as the first African-American woman on the LDF legal team for *Brown v. Board of Education*, her service as a federal judge, and her civil rights advocacy. The bill directs the Treasury Secretary to design and strike the medal, with proceeds from bronze duplicates covering costs. It does not create new laws or affect any policies, as it solely serves to commemorate Motley's legacy.

Maddy summaryThis bill would make several administrative changes to the Social Security Administration, including exempting it from the jurisdiction of the Department of Government Efficiency (DOGE) and certain executive orders, restricting political appointees from accessing beneficiary data systems, and preventing closure of field offices while requiring maintenance of staff levels. It also creates new offices within the SSA for civil rights, transformation, and analytics, and provides additional funding for administrative costs and customer experience improvements. These provisions would directly affect how the SSA manages its operations, protects beneficiary data, and delivers services to beneficiaries. The bill's title is misleading as it does not address billionaires or their relationship with Social Security.