Maddy summaryThis bill, the Stop Subsidizing Giant Mergers Act, changes how the Internal Revenue Code treats large corporate mergers and acquisitions. It prevents mergers between two companies that each have combined average annual gross receipts exceeding $500 million from being treated as tax-free reorganizations, unless specific exceptions apply. The exceptions include cases where one company already controls the other, both are controlled by a third corporation, or the companies qualify as small businesses under existing tax rules. The $500 million threshold will be adjusted for inflation starting in 2027, and the Treasury Department is authorized to create regulations to prevent companies from using multiple transactions to avoid these restrictions.
Sponsored bills
Maddy summaryThis bill requires large defense contractors to agree to specific restrictions as a condition for receiving Department of Defense contracts. It prohibits these contractors from buying their own company stock, paying dividends, or linking employee compensation to short-term financial metrics, while also capping annual covered compensation at $5 million per employee. Contractors must demonstrate strong performance on delivery dates, readiness, technical metrics, and cost reporting to qualify for a waiver of these restrictions. The Department of Defense must establish a review process to identify violations, renegotiate existing contracts, and can impose penalties including contract termination or clawing back employee compensation if rules are broken.
Maddy summaryThis bill prohibits public colleges and universities receiving federal funding from denying religious student groups access to campus facilities or official recognition solely because of their religious beliefs, practices, or standards. It directly affects public higher education institutions and religious student organizations seeking equal treatment alongside secular groups. The key mechanism requires institutions to provide religious groups with the same rights, benefits, and privileges - such as meeting space, event scheduling, and official status - as non-religious student organizations. This policy change ensures religious groups cannot be discriminated against in campus activities through the threat of withheld federal funding.
Maddy summaryThis bill, the Conscience Protection Act of 2025, strengthens protections for healthcare providers and organizations that refuse to participate in certain medical procedures (including abortion, assisted suicide, and sterilization) based on religious, moral, or ethical beliefs. It creates a private right of action allowing affected entities to seek legal remedies when their conscience rights are violated, addressing a gap in current law where victims could not defend their rights in court. The bill amends the Public Health Service Act to prohibit discrimination against such healthcare entities and establishes clearer enforcement mechanisms through the Department of Health and Human Services, including administrative investigations and civil actions. It directly affects healthcare providers, hospitals, insurers, and other health-related organizations operating under federal funding. The bill aims to address inconsistent enforcement of existing conscience protections like the Weldon Amendment, which has been challenged in cases such as California's abortion coverage mandate.
Maddy summaryThe Southwestern Power Administration Fund Establishment Act creates a new fund within the U.S. Treasury to consolidate the Southwestern Power Administration's (SPA) existing receipts, unspent balances from prior appropriations, and future funding. This fund will directly support the SPA - a federal agency managing hydroelectric power marketing - by covering operational costs for power transmission systems, electricity marketing, infrastructure construction, and related administrative expenses. The bill transfers unspent balances from three specific past funds into this new account and updates budget laws to redirect future SPA funding to it. The fund remains available until spent, with excess amounts annually returned to the U.S. Treasury.
Maddy summaryThis bill would remove the federal approval for the drug mifepristone, which is used in combination with other medications to end pregnancies, and would make it illegal to distribute the drug for that purpose. It also creates a new federal lawsuit option allowing individuals to sue drug manufacturers for physical or mental harm they claim resulted from using mifepristone. The law would take effect 14 days after passing, with the new lawsuit provision becoming active 90 days after enactment.
Maddy summaryThis bill, titled the Failed Bank Executives Clawback Act, would give the Federal Deposit Insurance Corporation and federal regulators the authority to recover compensation from executives and other high-level personnel at banks that have failed. It directly affects directors, officers, controlling stockholders, and other individuals found primarily responsible for a bank's failure at institutions with over $10 billion in assets. The law would require these individuals to return bonuses, stock awards, and other compensation received in the three years before the bank's insolvency or resolution, with recovered funds going into the Deposit Insurance Fund. Additionally, the bill clarifies the Corporation's authority to take over certain financial companies regardless of how the takeover process was initiated.
Maddy summaryThis resolution (SRES 630) expresses the U.S. Senate's condolences to the families of two Missouri police officers - Deputy Gabriel Ramirez and Deputy Michael Hislope - who died in the line of duty on February 23, 2026, during a shooting in Christian County. It recognizes the daily sacrifices of all law enforcement officers, condemns violence against them, and affirms support for officers nationwide who protect communities. The resolution serves as a symbolic gesture of honor and remembrance, with no new laws or funding attached. It directly affects the families of the fallen officers and aims to publicly acknowledge the broader law enforcement community's service.
Maddy summaryThis bill, known as the Secure Tracks Act, establishes new federal requirements for visual inspections of railroad tracks to improve safety. It directly affects railroad operators and the Federal Railroad Administration by mandating that mainline tracks used for Class 3 speeds or higher be visually inspected at least twice weekly by qualified inspectors. The legislation also requires automated track geometry measurement systems to scan tracks at specific frequencies based on track class and annual tonnage, while prohibiting waivers that would reduce safety coverage. Additionally, the bill gives qualified inspectors sole authority to authorize train movements when track defects are found and requires immediate remediation of any identified safety issues.
Maddy summaryThis bill requires the Assistant Secretary of Commerce for Economic Development to create simplified application forms for rural communities seeking federal economic development grants. It defines rural communities as incorporated municipalities, Tribal areas, or territories with populations of 10,000 or fewer people or those outside metropolitan statistical areas. The legislation mandates that the Assistant Secretary gather input from rural stakeholders on reducing application length, minimizing required documentation, standardizing forms across programs, and eliminating repetitive information requests. Additionally, the bill requires the agency to publicly share sample successful applications, decision-making criteria, and standardized guidance to help rural applicants navigate the grant process.