Sen. Jack Reed

LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act or the LIFELINE Act This bill permits states, territories, or tribal governments to use State and Local Fiscal Recovery Funds to finance qualified low-income housing projects (i.e., projects for residential rental property meeting certain income tests) with loans obligated by December 31, 2024, and having maturities of 30 or more years.

Wage Theft Prevention and Wage Recovery Act This bill requires employers to make initial and modified disclosures to employees of the terms of their employment, provide such employees with regular paystubs, and make a final payment to an employee for uncompensated work hours within 14 days of the employee's termination. Employers must also allow employees access to wage records. An employer must compensate an employee at the rate specified in an employment contract, including a collective bargaining agreement, that specifies a rate of pay higher than the minimum wage rate. The bill makes all of such unpaid wages recoverable through civil enforcement. The bill establishes new and increased civil and criminal penalties for violations of overtime or minimum wage requirements, including referral to the Department of Justice for criminal prosecution of employers who engage in wage theft, falsification of wage records, or retaliation against employees. The Wage and Hour Division of the Department of Labor must provide grants to specified organizations, including nonprofits and educational institutions, to enhance the enforcement of wage and hour laws. The Government Accountability Office must study and report on successful grant programs.

This resolution expresses that the Senate has heard of the death of the Honorable Orrin G. Hatch, former U.S. Senator for the state of Utah. The resolution also expresses that the Senate honors the life and legacy of the late Senator Hatch for his unwavering dedication to Utah as a Senator and a public servant and accomplishments in legislating with principle and dedication for the good of the people of the United States. The resolution states when the Senate adjourns today, it stands adjourned as a further mark of respect to the memory of Senator Hatch.

This resolution thanks the teachers of the United States and promotes the teaching profession by encouraging students, parents, school administrators, and public officials to recognize National Teacher Appreciation Week.

Electric Vehicle Grid Readiness, Improvement, and Development Act or the EV GRID Act This bill requires the Department of Energy to complete and publish a study that assesses the ability of the electric system to meet the electricity demand of electric vehicle charging infrastructure that is installed on or after the enactment of this bill.

Expedited Disability Insurance Payments for Terminally Ill Individuals Act of 2022 This bill temporarily allows an individual diagnosed with a terminal illness with a life expectancy of six months or less to receive Social Security disability benefits during the waiting period for such benefits (which typically lasts five months). It also establishes a phased-in payment schedule for the benefits.

Maddy summarySRES 588 is a symbolic Senate resolution designating April 2022 as "Financial Literacy Month." It does not create new laws or policies but calls for public awareness about the importance of personal financial education. The resolution urges federal, state, local, school, nonprofit, and business entities to observe the month with activities highlighting financial education's role in helping individuals manage debt, build wealth, and make informed money decisions. It references statistics on financial challenges (like high credit card debt and low high school financial literacy requirements) but does not mandate any specific actions or funding. This is a procedural designation with no direct effect on individuals or new legislative requirements.

Corporate Management Accountability Act of 2021 This bill directs the Securities and Exchange Commission to promulgate final rules requiring certain issuers of securities to disclose whether the issuer has established procedures to recoup from compensation paid to its executive officers fines and penalties for illegal behavior. If the issuer has not established such procedures, it must explain why it has not done so.

Maddy summarySRES 593 is a Senate resolution honoring former U.S. Senator Kaneaster Hodges, Jr. of Arkansas, who served from 1977 to 1978. The resolution expresses the Senate’s "profound sorrow" at his death and directs the Secretary of the Senate to transmit an enrolled copy to his family. It also calls for the Senate to adjourn as a mark of respect. This is a ceremonial resolution with no policy provisions or direct impact on legislation or constituents.

Empowering States' Rights To Protect Consumers Act of 2022 This bill limits the annual percentage rate applicable to any consumer credit transaction (other than a residential mortgage transaction), including any associated fees, to the maximum rate permitted by the laws of the state in which the consumer resides.