Sen. Mike Rounds

Maddy summaryThis bill amends the Community Development Banking and Financial Institutions Act of 1994 to require the Treasury Secretary to testify annually before Congress about the Fund's operations. It also strengthens the CDFI Bond Guarantee Program by adjusting guarantee limits and extending the program's authorization period. Additionally, the bill expands capital assistance options for community development financial institutions and creates a new lending program specifically for Native community development financial institutions to support homeownership in Tribal and Native communities.

Maddy summarySRES 602 is a symbolic Senate resolution expressing support for the U.S. Olympic and Paralympic Teams (Team USA) competing in the 2026 Winter Games in Milano Cortina, Italy. It formally applauds Team USA athletes, coaches, and their supporters, commends Italy for hosting the event, and commits to ensuring safety for future U.S. host events (2028 Los Angeles Summer Games and 2034 Utah Winter Games). The resolution does not create new policies, funding, or obligations - it is purely a statement of congressional support. It directly affects Team USA athletes and organizers by acknowledging their efforts and achievements. This is a procedural resolution with no binding effect on government actions.

Maddy summaryS 3880, the Small Business Investor Capital Access Act, raises the asset threshold for investment advisers to qualify for an exemption under the Investment Advisers Act of 1940. It increases the current $150 million asset limit to $175 million and requires the SEC to adjust this threshold every five years based on inflation (using the Consumer Price Index), rounding to the nearest $1 million. This change directly affects investment advisers managing assets above $175 million, potentially reducing regulatory requirements for them. The bill makes a concrete policy change to the exemption criteria without altering other regulatory obligations.

Maddy summaryThe FUTURES Act (S 3855) establishes a formal U.S.-Israel Defense Technology Cooperation Initiative to accelerate joint development and integration of defense technologies. It directs the U.S. Secretary of Defense to identify Israeli-origin technologies for rapid adoption into American military systems, focusing on areas like counter-drone systems, missile defense, AI, cyber security, and directed energy. The bill authorizes $150 million annually (2027-2029) for this initiative, requiring regular reports to Congress on progress, technology transitions, and industry partnerships. This policy directly affects U.S. defense contractors, Israeli defense firms, and military acquisition programs by creating new pathways to incorporate Israeli innovations into U.S. systems.

Maddy summaryThis bill requires public companies with multi-class share structures (where different share classes have varying voting rights) to disclose specific ownership details. Companies must include in shareholder proxy materials or other filings the percentage of all voting shares owned and the voting power percentage held by each director, nominee, executive officer, and any beneficial owner with 5%+ of voting power. The disclosure focuses on translating share holdings into clear percentages of both total voting shares and total voting power. This aims to increase transparency about how voting control is distributed among shareholders.

Maddy summaryThe SHADOW Fleet Sanctions Act of 2026 imposes sanctions on vessels and foreign entities supporting Russia's shadow fleet - vessels used to circumvent sanctions on Russian oil exports. It targets foreign vessels engaging in unsafe maritime behavior, lacking proper insurance, or evading the crude oil price cap, as well as foreign persons facilitating such activities through ship-to-ship transfers, insurance, or port services. The bill requires sanctions on port terminals in China or India accepting oil from sanctioned vessels and establishes a public database of vessels suspected of sabotage activities. It also creates reporting requirements and a strategy to counter China's role in evading sanctions on Russian energy products.

Maddy summaryThe YALI Act of 2026 formalizes and expands the Young African Leaders Initiative (YALI), directly affecting young African leaders aged 18-35 in sub-Saharan Africa who demonstrate leadership potential in business, civic engagement, or public administration. Key provisions include increasing Mandela Washington Fellowship participation beyond 700 annual fellows, establishing four regional leadership centers for in-person and online training, and creating an online network connecting participants with U.S. and African leaders. The bill mandates annual reporting to Congress on program progress, impacts on U.S.-Africa relations, and includes a 5-year sunset provision. It focuses on developing skills in governance, entrepreneurship, peacebuilding, and economic resilience through U.S.-Africa partnerships.

Maddy summaryThe AI Grand Challenges Act of 2026 directs the National Science Foundation (NSF) to establish prize competitions for U.S.-based researchers and companies to solve specific, measurable problems in critical areas like health, national security, energy, and cancer research. It requires the NSF to publish clear problem statements and success metrics for each challenge, including a mandatory $10 million prize competition focused on AI-driven cancer breakthroughs for detection, treatment, or diagnostics. Eligibility is limited to U.S. entities or citizens/permanent residents, with annual reporting to Congress on competition results and public accessibility via the Challenge.gov platform. The bill mandates public input on challenge selection and biennial reports detailing program activities and outcomes.

Maddy summaryThis Senate resolution (SRES 601) designates the week beginning February 2, 2026, as "National Tribal Colleges and Universities Week" to recognize these institutions' role in serving Native communities and their economic contributions. It highlights that tribal colleges serve students from over 250 federally recognized tribes, offer culturally grounded education, and contribute $3.8 billion annually to the U.S. economy. As a symbolic resolution (not a law), it has no binding effect but calls for public observance through community activities. The resolution focuses on honoring tribal colleges' mission and achievements, citing their open enrollment and economic impact statistics.

Purchased and Referred Care Improvement Act of 2025 This bill specifies that the Indian Health Service (IHS) must reimburse patients for their out-of-pocket costs for authorized purchased/referred care services within 30 days. (The IHS provides medical and dental services directly to American Indian and Alaska Native patients whenever possible. However, when services are not available, IHS beneficiaries may be referred to private providers. This is called purchased/referred care.) Specifically, the bill requires the Department of Health and Human Services (HHS) to establish and implement procedures to allow a patient who paid out of pocket for purchased/referred care services authorized by the IHS to be reimbursed by the IHS for that payment no later than 30 days after the patient submits required documentation.  Additionally, the bill requires HHS to update applicable provisions of and exhibits to the Indian Health Manual, contracts with providers, and other relevant documents and administrative authorities to incorporate the provisions of the bill. The bill also replaces statutory references to contract health service with purchased/referred care .