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.
Sponsored bills
Maddy summaryThe Energizing Our Communities Act establishes a new fund using interest from specific Department of Energy loans for large-scale electric transmission projects (over 999 megawatts). It requires payments to host communities - local governments or tribes where transmission lines are built - within 18 months of project construction start. Funds must be split: 80% for community services like schools, broadband, or infrastructure, and 20% for conservation, recreation, or climate resilience projects. The bill mandates annual reports on fund usage and ensures payments supplement existing "payments in lieu of taxes."
Maddy summaryThis Senate resolution (SRES 390) designates September 2025 as "National Voting Rights Month" to honor voting rights history and encourage civic engagement. It does not create new laws but urges Congress to advance voting rights legislation (like the John Lewis Voting Rights Advancement Act), recommends schools teach about voting history and suppression, and encourages media campaigns to promote voter registration and election awareness. The resolution directly affects all U.S. citizens by highlighting voting access issues and promoting educational efforts, though it has no legal force. It follows historical context about voter suppression and recent voting rights challenges, including the 2013 Shelby County v. Holder Supreme Court decision.
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 summaryS 2818, the Tax Excessive CEO Pay Act of 2025, imposes a corporate tax penalty on large U.S. corporations with a CEO-to-worker pay ratio exceeding 50:1. The penalty increases the standard 21% corporate tax rate by 0.5% to 5% based on how high the ratio climbs (e.g., 0.5% for 50-100:1, up to 5% for ratios over 500:1). It directly affects corporations with average annual gross receipts over $100 million, requiring them to calculate a 5-year average pay ratio using SEC-mandated methodology. Smaller companies with under $100 million in average revenue are exempt from reporting requirements. The law takes effect for taxable years beginning after December 31, 2025, with regulations to prevent avoidance tactics like shifting to contractor labor.
Maddy summaryThe Head Start for America's Children Act authorizes $144.872 billion for Head Start in fiscal year 2026 with annual inflation adjustments, creating new funding streams for facility improvements, transportation, workforce development, and mental health services. It updates eligibility criteria to include children developing English proficiency and children with disabilities, while adding specific requirements for Native American and Native Hawaiian Head Start programs, including culturally responsive curricula and language preservation. The bill mandates that most Head Start agencies provide center-based services for at least 1,380 hours annually (with exemptions for Native American and migrant programs), and improves staff compensation standards to ensure parity with public school educators. These changes directly affect Head Start programs serving children from birth through age 5, particularly in underserved communities and Native American and Native Hawaiian populations.
Maddy summaryThis bill creates a pilot program for development loans to help beginning farmers and ranchers make long-term investments. It defines "development expenditures" to cover items like equipment, soil health improvements, business systems, and market access - things that benefit the farm beyond a single year. Loans under this program can be up to $100,000 with repayment terms of 3-10 years, interest rates of 0-3%, and require annual interest payments. The program also mandates borrower training on farm management, bookkeeping, and risk management, with evaluations and biennial reports to Congress.
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 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.