Sen. John Barrasso

Maddy summaryThis is a ceremonial Senate resolution designating July 26, 2025, as "National Day of the American Cowboy." It symbolically recognizes the cultural significance of cowboys and cowgirls, their values (like integrity and work ethic), economic contributions through ranching, and their role in American traditions like rodeo. The resolution encourages the public to observe the day with ceremonies but does not create new laws or affect specific groups or policies.

Maddy summaryThe Protecting Access to Credit for Small Businesses Act prohibits the Small Business Administration (SBA) from making direct loans under the 7(a) program for new applications. This means the SBA will no longer provide direct funding to small businesses through this specific channel, though it will continue servicing existing direct 7(a) loans approved before the bill's enactment. The bill does not affect the SBA’s standard role in guaranteeing loans made by banks under the 7(a) program, which remains the primary method for small business lending. As a result, small businesses seeking 7(a) loans after the bill takes effect must work with participating banks rather than the SBA directly.

Maddy summaryThis bill extends tax deferral for company stock sold to employee stock ownership plans (ESOPs) and fixes a rule that previously caused small businesses to lose government benefits after 49% ownership transferred to an ESOP. It creates a new Treasury Department office to provide education and technical assistance for companies adopting ESOPs, and establishes a Labor Department Advocate for Employee Ownership to coordinate federal efforts and promote employee ownership. These changes directly affect S corporations considering ESOPs, current ESOP-owned businesses, and small businesses seeking to maintain eligibility for government programs. The bill focuses on removing barriers to employee ownership through concrete tax, eligibility, and support mechanisms.

Maddy summaryS 2362, the Ending Lending to China Act of 2025, directs the U.S. Treasury to instruct American representatives at multilateral development banks (like the World Bank and Asian Development Bank) to oppose all new loans and financial assistance to China. It targets China specifically because the bill states China has "graduated" from needing such aid (exceeding the income threshold for borrowing since 2016). The bill requires the Treasury to submit annual reports to Congress on China’s borrowing status, voting power at these banks, and efforts to encourage other countries to graduate from borrowing eligibility. This legislation changes U.S. voting policy at these institutions but does not alter China’s actual eligibility or stop existing loans.

Maddy summaryThis bill protects U.S. businesses and citizens whose property (specifically ports, harbors, or marine terminals) in Western Hemisphere countries with U.S. free trade agreements has been taken without compensation by foreign governments. It requires the Secretary of Homeland Security to identify and publicly list these "prohibited properties" within 60 days of the bill's enactment. The law then prohibits vessels using these listed ports from importing goods into the U.S., docking passenger vessels, or conducting maintenance in U.S. ports. It directly affects U.S. property owners in those countries and foreign governments that have seized such assets.

Maddy summaryThis bill requires IRS supervisors to provide written approval before applying penalties or disallowance periods to taxpayers, mandating that approval occur before any penalty notice is sent. It defines an "initial determination" as a specific written notice detailing the exact penalty amount or disallowance period, excluding general inquiries. The bill also mandates annual IRS reports on all penalties assessed, broken down by IRS unit and process step. It directly affects taxpayers facing penalties for tax credits under Sections 24, 25A, or 32, and requires the IRS to publicly report penalty data starting 24 months after enactment.

Maddy summaryThis bill requires the United States Postal Service to assign a single, unique ZIP Code to the communities of Mills and Star Valley Ranch in Wyoming. The USPS must complete this designation within 270 days of the bill becoming law. The change directly affects mail delivery and addressing for residents and businesses in these two specific Wyoming communities.

Maddy summaryThe ADAPT Act (S 2356) expands Medicare coverage to include services provided by advanced psychology trainees - such as doctoral interns and postdoctoral residents in APA-accredited programs - under the general supervision of a licensed clinical psychologist (without requiring the supervisor's physical presence during services). It mandates the creation of a new billing code (GC modifier) for these services and directs the Department of Health and Human Services to issue guidance to states on covering these services under Medicaid and CHIP. This bill directly affects trainees, Medicare beneficiaries, and state Medicaid programs by streamlining access to mental health care through standardized billing and coverage mechanisms.

Maddy summaryThis bill authorizes the minting of commemorative coins for the 2028 Los Angeles Olympic and Paralympic Games and the 2034 Salt Lake City Olympic and Paralympic Winter Games. It specifies four coin types ($5 gold, $1 silver, half-dollar, and proof silver $1) with defined quantities and designs reflecting U.S. athletic participation. A surcharge on each coin sale (e.g., $35 for $5 coins) funds the respective Olympic committees' legacy programs, including youth sports initiatives. The coins are legal tender but intended solely for commemoration, with surcharges directed to the organizing committees after covering minting costs.

Maddy summaryThis Senate resolution (SRES 308) formally honors Frederick W. Smith, founder of FedEx, for his military service (including combat in Vietnam), pioneering business leadership, and dedication to Memphis, Tennessee. It recognizes his role in revolutionizing global logistics and his community contributions through FedEx's operations and philanthropy. The resolution directs the Senate to transmit a copy to his family and share it with the House of Representatives. As a commemorative resolution, it has no policy impact or direct effect on constituents.