Sen. David McCormick

Maddy summaryThis bill, titled the Stop Insider Trading Act, would restrict Members of Congress and their spouses and dependents from purchasing stocks in publicly traded companies. It requires these individuals to provide advance public notice at least seven days before selling any covered investments, with the notice filed with the Clerk of the House or Secretary of the Senate. The law includes exceptions for certain occupational transactions and reinvested dividends, and establishes penalties including fees and mandatory sales for violations.

Maddy summaryThis bill requires federal agencies and recipients of taxpayer money to clearly state the percentage and dollar amount of federal funding used for any project in public communications like press releases and bid solicitations. It applies to all programs, projects, or activities supported by federal funds, with the exception of very short messages under 280 characters. The law also mandates annual compliance reviews by the Office of Management and Budget and establishes a public reporting system for anonymous complaints about noncompliance. These requirements aim to increase transparency about how taxpayer dollars are allocated across government initiatives.

Maddy summaryThe Children and Teens' Online Privacy Protection Act (S 836) extends COPPA protections to teens aged 13-17 by requiring websites, apps, and online services to obtain verifiable consent from parents for children or from teens themselves before collecting or using their personal information for purposes beyond the service. It defines "personal information" broadly to include biometric data, voice recordings, persistent identifiers, and geolocation information, and prohibits using such information for individual-specific advertising without consent. The bill mandates clear notice about data practices and gives children and teens rights to access, correct, and delete their personal information. Additionally, it requires the FTC to conduct studies on mobile app oversight and the GAO to study teen privacy in financial technology products.

Maddy summaryThe Digital Commodity Intermediaries Act establishes a regulatory framework for digital commodity exchanges, brokers, and dealers that handle digital assets like cryptocurrencies. It requires these entities to register with the Commodity Futures Trading Commission (CFTC), implement customer protection measures including the use of qualified digital asset custodians, and meet transparency and reporting requirements. The bill defines key terms like "digital commodity" and creates new rules for how these entities must operate, while also establishing an Office of the Digital Commodity Retail Advocate to represent retail investors in digital commodity markets.

Maddy summaryThis bill establishes a new interdivisional taskforce within the Securities and Exchange Commission to address the needs and challenges faced by senior investors, defined as individuals over the age of 65. The taskforce will be led by a director appointed by the SEC Chairman and will include staff from enforcement, compliance, and investor education divisions to identify problems senior investors face, such as financial exploitation and cognitive decline. The group will produce biennial reports to Congress analyzing trends, regulatory gaps, and recommendations for policy improvements while coordinating with state regulators and other federal agencies. Additionally, the bill requires the Government Accountability Office to conduct a study within two years of enactment to assess the economic costs and frequency of financial exploitation of senior citizens. The taskforce will operate for ten years using existing funds without additional compensation for its members.

Maddy summaryThis bill would require the U.S. Secretary of State to annually report on whether the Polisario Front, a group involved in the Western Sahara conflict, has received military support from Iranian-linked terrorist organizations. If such cooperation is confirmed, the President would designate the Polisario Front as a foreign terrorist organization and impose financial sanctions that block its assets and prohibit U.S. transactions with it. The legislation defines specific types of military support that would trigger sanctions, including weapons, drones, and intelligence sharing. It applies to the Polisario Front and any successor organizations, while defining Iranian-affiliated terrorist groups as those officially designated by the U.S. government.

Maddy summaryThis bill establishes a sanctions framework that would impose economic penalties on the Chinese government and Communist Party if they threaten Taiwan's security. It requires the President to identify threats and then blocks property, restricts financial transactions, and prohibits investments in sanctioned Chinese entities. The legislation also allows for increased import duties on Chinese goods and bans the trading of Chinese securities on U.S. exchanges. Key provisions include targeting Chinese officials, state-owned banks, and companies that support China's military-industrial capacity, while providing the President authority to waive sanctions for national security reasons.

Maddy summaryThis bill requires the Department of Veterans Affairs to establish at least five centers of excellence focused on innovative therapies for treating veterans with specific conditions like PTSD, depression, and chronic pain. The VA Secretary must select facilities based on competitive peer reviews that evaluate scientific merit, research capabilities, and partnerships with medical schools for training. Each center must include an advisory committee with veteran representatives and develop a national data repository to track treatment outcomes. The legislation authorizes $30 million annually for research and education activities at these centers while ensuring geographic distribution across the country.

Maddy summaryThis bill, titled the Stop Unemployment Fraud Act, requires states to verify the identity of unemployment compensation claimants using government-issued IDs and supporting documents, while also mandating data matching with systems like the National Directory of New Hires to detect fraud. It prohibits states from relying solely on a claimant's self-attestation to prove eligibility and strengthens work search requirements by mandating that claimants maintain and submit weekly records of job search activities. The legislation also allows states to use up to 5% of recovered overpayments or collected contributions to fund fraud prevention efforts, technology upgrades, and proper employment classification systems.

Maddy summaryThis bill, known as the Foreign Service Age Integration and Reform Act of 2026, would change the mandatory retirement age for U.S. Foreign Service officers. Currently, these employees must retire at age 65, but the bill would raise that limit to age 67 or the applicable Social Security Full Retirement Age, whichever is higher. The change directly affects career diplomats and Foreign Service personnel by allowing them to continue working longer before being required to leave the service. This adjustment aligns the retirement rules for Foreign Service officers with the retirement age system used for Social Security benefits.