Sen. Ted Budd

Maddy summaryThe Semiconductor Superiority Act expands tax incentives for building semiconductor manufacturing facilities in outer space, including low-Earth orbit. It modifies existing federal tax credits to allow equipment used for transporting crew or supplies, as well as property located in space, to count toward these financial benefits. The bill also clarifies that functions like flight control and crew habitation are considered part of the manufacturing process for these orbital facilities. This legislation applies only to new facilities and equipment placed in service after the law is enacted.

North Platte Canteen Congressional Gold Medal Act This bill provides for the award of a Congressional Gold Medal to recognize the individuals and communities that provided financial and other support for the North Platte Canteen in North Platte, Nebraska, during World War II.

Maddy summaryThe Encouraging Public Offerings Act of 2026 expands the ability of companies to discuss potential stock sales with investors before officially registering the offering. It allows all issuers, not just emerging growth companies, to use confidential "testing the waters" communications and submit draft registration statements for private review by the Securities and Exchange Commission. These draft submissions must be made at least 15 days before a public road show or the requested filing date, after which the documents become public. The bill also requires the Commission to report to Congress before implementing any additional rules for non-emerging growth companies regarding these new submission processes.

Maddy summaryThe Federal Firearms Licensee Protection Act of 2026 increases penalties for individuals who knowingly violate federal laws regarding the possession of firearms by licensed dealers. Specifically, it raises the maximum prison sentence for such violations to 20 years and mandates a minimum of three years in prison if the offense occurs during a burglary of a licensed business. The law also sets a five-year minimum sentence if the violation happens during a robbery. These changes directly affect federal firearms licensees and anyone attempting to illegally possess firearms from them.

Maddy summaryThis joint resolution expresses the U.S. Congress's disapproval of a specific law passed by the District of Columbia Council. The targeted law, known as the Full Accountability in Arrest Reporting Temporary Amendment Act of 2026, was enacted in April 2026 to modify how arrest data is reported in the district. By formally rejecting this local legislation, the resolution prevents the proposed changes from taking effect or being implemented under federal oversight. The measure directly involves the relationship between the federal government and the local legislative authority of Washington, D.C.

Maddy summaryThis joint resolution expresses the U.S. Senate's disapproval of a local law passed by the District of Columbia Council regarding body-worn cameras. The specific provision being rejected is the temporary amendment that requires police officers to record and release footage of their use of force to the public. By formally disapproving this action, Congress is exercising its constitutional authority to review local legislation that affects federal interests. The measure does not change the law itself but rather records the federal government's official stance against the D.C. Council's decision.

Maddy summaryThis Senate resolution honors the life and legacy of Donald W. Riegle, Jr., a former U.S. Senator from Michigan who passed away in April 2026. The bill formally acknowledges his nearly three decades of public service, including his roles as a Representative and Senator, and highlights his significant contributions to legislation on banking, housing, and veterans' health. It also expresses the Senate's condolences to his family and directs officials to share the resolution with the House of Representatives and send a copy to Riegle's family. Finally, the Senate will stand in adjournment as a mark of respect for the former senator when the session concludes.

Maddy summaryThe FARM AI Act of 2026 directs the U.S. Department of Agriculture to integrate artificial intelligence into its research, education, and extension programs to help farmers improve productivity and resource management. This legislation mandates that federal funding for agricultural sciences include specific projects focused on AI adoption, workforce training, and the development of precision farming tools. To coordinate these efforts, the bill creates a new position called the Artificial Intelligence Agriculture Advisor, who will work with other agencies to promote AI use and establish national standards for the sector. Ultimately, the law aims to support small and family-run farms by providing technical assistance and ensuring access to modern digital technologies.

Maddy summaryThe SILVER Act requires major financial organizations that clear precious metals contracts to expand their storage networks beyond the current concentration near New York City. To achieve this, the law mandates that these organizations develop transparent rules for selecting new storage facilities and must approve at least two depositories in each of the four U.S. time zones. These new facilities must meet strict security standards while offering benefits such as lower costs, increased competition, and improved market access for investors. Additionally, the bill requires these organizations to regularly evaluate how easily market participants can access physical metals regardless of location.

Maddy summaryThe Mandatory E-Verify Act of 2026 makes the E-Verify employment eligibility verification system permanent and mandatory for all employers in the United States, including those who hire, recruit, or refer individuals for jobs. The bill requires employers to use the system within a phased timeline based on company size, ranging from six months for large businesses with 10,000 or more employees to 18 months for smaller businesses with fewer than 20 employees, while exempting agricultural labor verification until 18 months after enactment. Key provisions include increased civil and criminal penalties for non-compliance, the ability for the government to debar repeat violators from federal contracts, and a requirement that states sharing driver's license data with the system remain eligible for certain federal funding. Additionally, the act establishes a self-check feature for individuals to verify their own status, expands data sharing between federal and state agencies to prevent fraud, and creates a good-faith defense for employers who rely on the system's results.