Sen. Tim Scott

Small Entrepreneurs' Empowerment and Development Act of 2022 or the SEED Act of 2022 This bill creates an exemption to securities registration requirements for a micro-offering of securities. In general, the Securities and Exchange Commission (SEC) prohibits the offering or selling of securities unless the offering is registered with the SEC or it qualifies for an exemption. The bill defines a micro-offering as an aggregate amount of securities sold by an issuer that does not exceed $500,000 in a 12-month period. This exemption does not apply to issuers who are convicted of specified financial crimes or are subject to specified disciplinary actions.

Gig Worker Equity Compensation Act This bill expands the existing Securities and Exchange Commission registration exemption for securities that are part of an employee-compensation package. Specifically, the bill applies this exemption to securities provided to independent contractors performing work for the issuer and to customers of the issuer. The bill also requires the corresponding aggregate sales amount to be indexed for inflation annually instead of every 5 years as under current law.

Equal Opportunity for all Investors Act This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors. Specifically, the bill allows an individual to qualify through an examination established by the Securities and Exchange Commission (SEC), a state securities commission, or certain self-regulatory organizations. The examination must measure whether an individual understands and appreciates the risks and opportunities of investing in securities, must be designed to ensure that an individual with financial sophistication or training would be unlikely to fail, and may be designed and/or administered by an approved person. Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience. The bill also allows purchasers to self-certify that they meet the income or net worth requirements. Further, the bill allows a person to qualify as an accredited investor by satisfying certain investment or transaction requirements. Finally, the SEC may review and adjust the definition of accredited investor, except for the net worth standards, at its discretion. Currently, the SEC must perform this review every four years.

Maddy summarySRES 565 is a ceremonial Senate resolution honoring the late Representative Don Young (R-AK), who served 49 years in the U.S. House of Representatives - the longest tenure of any Alaska representative and the 45th Dean of the House. The resolution commemorates his life, service, and legacy, including his work on landmark legislation like the Trans-Alaska Pipeline authorization and the Alaska Native Claims Settlement Act. It contains no policy changes or new laws; instead, it directs the Senate to mourn his passing, honor his bipartisan service, and transmit a copy to his family. This is a purely symbolic resolution with no direct impact on constituents or legislation.

This resolution designates March 24, 2022, as National Women in Agriculture Day. It also recognizes the important role of women in agriculture as producers, educators, leaders, mentors, and more

This resolution commemorates the life and contributions of Charles Isham Taylor, and his impact in providing opportunities for African Americans in Indiana, on the 100th anniversary of his passing.

Maddy summaryThis resolution (SRES 557) designates March 20-26, 2022, as "National Poison Prevention Week" and encourages U.S. communities to raise awareness about poisoning risks and promote prevention. It does not create new laws or requirements but serves as a symbolic recognition of ongoing poison control efforts. The resolution highlights statistics on poisoning incidents (e.g., 420+ children treated daily for poisoning) and acknowledges the work of poison control centers and health partners. It urges the public and healthcare providers to educate families about poison safety, particularly for children and during the pandemic. As a procedural resolution, it has no legal force but aims to support existing prevention initiatives.

This joint resolution nullifies the rule titled Patient Protection and Affordable Care Act; Updating Payment Parameters, Section 1332 Waiver Implementing Regulations, and Improving Health Insurance Markets for 2022 and Beyond , which was issued by the Centers for Medicare & Medicaid Services and the Department of the Treasury on September 27, 2021. The rule expands the open enrollment period for individual health coverage and rescinds the previous interpretation of certain requirements relating to Section 1332 waivers (also known as State Innovation Waivers or State Relief and Empowerment Waivers).

This resolution recognizes the important role of local nutrition programs supported through the Older Americans Act of 1965 in addressing senior hunger, malnutrition, and isolation.

Employee Rights Act This bill makes various changes with respect to the collective bargaining process and labor relations. For example, the bill permits an employer to refuse to collectively bargain with a union within 90 days prior to the expiration of a collective bargaining agreement if the employer receives evidence that the majority of the employees in the bargaining unit do not support the union. The bill requires support from a majority of the employees in the bargaining unit (not just a majority of the employees voting) when electing union representation. The bill also requires unions to provide bargaining unit employees with the right to vote by secret ballot, including when voting whether to engage in a strike or refusal to work. Further, union dues, fees, assessments, and other contributions may be used for only collective bargaining or contract administrative functions. Additionally, the bill establishes a process for nullifying executive orders that the Office of Management and Budget determines are likely to result in an employer ordering a plant closure or mass layoff.