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.
Sponsored bills
Increasing Small Business Retirement Choices Act This bill permits an employer to use a retirement plan's assets for incidental expenses that are solely for the benefit of the plan's participants and their beneficiaries.
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.
Medicare Advantage Quality Payment Relief Act of 2022 This bill requires the Centers for Medicare & Medicaid Services to disregard the application of certain percentage quality increases when calculating the maximum payment that may be made to a Medicare Advantage organization.
Helping Experts Accelerate Rare Treatments Act of 2022 This bill modifies provisions relating to the approval of drugs for rare diseases and conditions, including by requiring regular reporting on the number and types of applications received and the extent to which external experts are consulted during the review process.
This bill requires the Department of Homeland Security to prohibit, with certain exceptions, individuals from entering the United States through a coastal or land port of entry or a Border Patrol station near a U.S. land border. This prohibition shall not apply to a (1) U.S. citizen or lawful permanent resident, (2) member of the U.S. Armed Forces or the spouse and children of a member, or (3) person from a foreign country with valid travel documents arriving at a designated port of entry. This prohibition shall be in place until February 1, 2025.
This resolution designates April 16 through April 24, 2022, as National Park Week. The resolution also encourages the people of the United States and the world to responsibly visit, experience, recreate in, and support the treasured national parks of the United States.
Reducing Regulatory Burdens Act This bill establishes procedures to reduce the number of federal regulations. Specifically, it requires each agency to establish a regulatory reform task force chaired by a designated regulatory reform officer. Each task force must, among other duties (1) review each existing agency regulation; (2) estimate the potential cost savings of repealing or modifying each regulation; and (3) identify regulations that are appropriate for repeal, replacement, or modification based on cost, effectiveness, and impact on employment. The bill further prohibits agencies from issuing a new regulation with an economic impact of at least $100 million without identifying two regulations for repeal that will offset the cost of the proposed new regulation. Agencies also must submit a list of all planned regulatory actions for inclusion in the semiannual Unified Agenda of Federal Regulatory and Deregulatory Actions, including (1) the estimated economic effect of each action, and (2) proposed deregulatory actions to offset the cost of each proposed new regulation. Additionally, the Office of Management and Budget must establish an annual regulatory budget for each federal agency that specifies the net allowable increase in regulatory costs for each agency during the next fiscal year.
Real Emergencies Act This bill denies the President authority to declare a national emergency, an emergency or major disaster, or a public health emergency on the premise of climate change.
Expanding American Entrepreneurship Act This bill revises qualification requirements for venture capital funds. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. Currently, an investment firm qualifies as a venture capital fund if, among other requirements (1) the fund's securities are owned by 250 persons or less, and (2) the fund has $10 million or less in aggregate capital contributions and uncalled committed capital. The bill increases these amounts to 500 persons and $50 million, respectively.