Reed, Jack [D-RI]
Democrat · RI · 24 bills sponsored
A bill to amend the GENIUS Act to require foreign payment stablecoin issuers to undergo an annual audit similar to United States payment stablecoin issuers, and for other purposes.
# Summary of S 3907 **What the Bill Would Do** This bill would amend the GENIUS Act (a previous law regulating stablecoins—digital currencies designed to maintain a stable value) to require foreign companies that issue payment stablecoins to undergo annual audits, similar to requirements already in place for U.S.-based stablecoin issuers. Stablecoins are cryptocurrencies typically backed by traditional assets like dollars or government bonds, and they're increasingly used for payments and transfers. **Who It Affects and Key Provisions** The bill primarily targets foreign stablecoin companies operating in or with access to U.S. markets. By extending audit requirements to foreign issuers, it aims to create a level playing field and ensure consumer protection standards are consistent regardless of where a stablecoin company is based. The specific audit requirements and enforcement mechanisms would need to be detailed in the bill's full text. **Current Status** S 3907 was introduced by Senator Jack Reed (D-RI) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full Senate. The bill has not yet advanced further in the legislative process.
Predatory Lending Elimination Act
# Predatory Lending Elimination Act - Summary **What the Bill Does:** The Predatory Lending Elimination Act (S 3793) aims to restrict lending practices that are considered harmful to borrowers. While specific details aren't provided in the information available, bills with this title typically target high-cost loans with deceptive terms—such as payday loans, title loans, and other short-term credit products that charge extremely high interest rates. The legislation would likely impose stricter regulations on how lenders can advertise, structure, and collect on these loans. **Who It Affects:** This bill would primarily impact consumers who borrow money through predatory lending channels, as well as the lending industry itself. Low-income borrowers who rely on payday or title loans would see new protections, while lenders offering these products would face new compliance requirements and limitations on their practices. **Current Status:** The bill is currently in committee, meaning it hasn't advanced to a full Senate vote. Bills at this stage often undergo review, hearings, and amendments before—or if—they move forward for consideration. *Note: For complete details on specific provisions, you can check Congress.gov using the bill number (S 3793).*
Rebuild America’s Schools Act of 2026
# Rebuild America's Schools Act of 2026 - Summary **What the Bill Would Do** The Rebuild America's Schools Act of 2026 is a proposed federal funding initiative aimed at improving and modernizing the nation's public school infrastructure. If passed, this bill would provide federal money to repair, renovate, and upgrade school buildings and facilities across the country. The legislation addresses aging school buildings that need maintenance, updated classrooms, improved safety features, and modern educational infrastructure. **Who It Affects and Key Provisions** This bill would primarily affect public school districts nationwide, as they would be eligible to receive federal grants for facility improvements. Students and educators would benefit from improved learning environments. The specific funding amounts, eligibility criteria, and how money would be distributed among states are not detailed in the available information, as the bill's detailed provisions were not provided. **Current Status** As of now, S. 3777 remains in committee, meaning it has not yet been debated or voted on by the full Senate. The bill was introduced by Senator Jack Reed, a Democrat from Rhode Island. For the bill to become law, it would need to pass through committee, receive a Senate vote, pass the House, and be signed by the President.
Preserving Homes and Communities Act of 2026
# Preserving Homes and Communities Act of 2026 Summary **What the Bill Would Do:** The Preserving Homes and Communities Act of 2026 (S 3753) is a Senate bill currently under review in committee. Based on its title, the bill appears designed to address housing and community preservation issues, though specific details about its provisions are not available in the information provided. When bills are in early committee stages, their full text and detailed provisions may still be in development or not yet publicly summarized. **Current Status and Next Steps:** The bill was introduced by Senator Jack Reed (D-RI) in the 119th Congress and remains in committee, meaning it has not yet advanced to a full Senate vote. Legislation typically spends considerable time in committee where it is reviewed, debated, and potentially amended before moving forward. To learn exactly what this bill proposes—such as funding mechanisms, eligibility requirements, or specific programs—you would need to review the full bill text on Congress.gov or wait for committee reports and summaries. **How to Learn More:** For detailed information about this bill's specific provisions and which communities or populations it would affect, check Congress.gov (search "S 3753") or Senator Reed's official website.
Affordable Housing and Homeownership Protection Act of 2026
# Affordable Housing and Homeownership Protection Act of 2026 Summary **What the Bill Would Do** The Affordable Housing and Homeownership Protection Act of 2026 is a proposed law designed to make housing more affordable and protect homeowners. While specific details about its provisions aren't available in the summary provided, bills with this title typically aim to increase access to affordable housing through funding, tax incentives, or other programs, and to protect homeowners from issues like foreclosure or predatory lending practices. **Who It Affects** This bill would primarily impact low-to-moderate income individuals and families struggling with housing costs, first-time homebuyers, and existing homeowners at risk of losing their homes. It could also affect housing developers, lenders, and local communities working on housing initiatives. **Current Status** As of now, the bill (S 3754) is in committee, meaning it's in the early stages of the legislative process. Introduced by Senator Jack Reed (D-Rhode Island), it has not yet been debated or voted on by the full Senate. To understand its specific provisions and chances of passage, you would need to review the full bill text on Congress.gov.
Buy Now, Pay Later Protection Act of 2025
# Buy Now, Pay Later Protection Act of 2025 — Summary **What the Bill Would Do** This bill would regulate "buy now, pay later" (BNPL) services—payment plans that let consumers purchase items immediately and pay in installments over time. Currently, most BNPL companies operate with minimal federal oversight. If passed, this legislation would bring these services under stricter consumer protections similar to those that apply to credit cards and traditional loans, likely including requirements around disclosure of terms, interest rates, and fees. **Who It Affects and Key Provisions** The bill would impact BNPL companies (like Affirm, Klarna, and PayPal Credit), consumers using these services, and retailers offering them. While the specific provisions aren't detailed in available information, such bills typically require clearer disclosure of costs, limit predatory practices, establish debt collection standards, and may require age verification or credit checks. The legislation would primarily benefit consumers by ensuring they understand the true cost of these payment plans before committing to them. **Current Status** The bill is currently in committee (S 3561 in the Senate) and has not yet been voted on or passed. Senator Jack Reed of Rhode Island introduced it, and it remains in the early stages of the legislative process.
Building Resilience and Stronger Communities Act
# Building Resilience and Stronger Communities Act (S 3403) Summary This bill, introduced by Senator Jack Reed of Rhode Island, is currently under consideration in the Senate but has not yet been voted on by the full chamber. The limited information available indicates the bill focuses on building community resilience, though specific details about its provisions and funding mechanisms are not provided in the available record. Without access to the bill's full text, a complete summary of who would be affected, what specific programs or funding it would establish, and its exact scope cannot be provided. To learn more about this bill's actual provisions, interested parties should consult the full legislative text on Congress.gov or contact Senator Reed's office for detailed information about the bill's objectives and implementation.
Right to Read Act of 2025
# Right to Read Act of 2025 — Summary **What the Bill Would Do** The Right to Read Act of 2025 is a proposed federal law currently under consideration in the Senate. Based on its title and sponsorship, the bill appears designed to address reading and literacy issues, though specific details about its provisions are not available in the information provided. The bill was introduced by Senator Jack Reed (D-RI) in the 119th Congress. **Current Status and Impact** As of now, the bill remains in committee, meaning it has not yet advanced to a broader Senate vote. This is an early stage in the legislative process. To understand exactly who would be affected and what specific provisions the bill contains—such as whether it focuses on K-12 education, adult literacy programs, funding mechanisms, or other reading-related initiatives—you would need to review the full text of S 3365 on Congress.gov or similar legislative databases. **Next Steps** For the most current and detailed information about this bill's provisions and effects, interested parties should consult the official bill text or legislative tracking websites.
Corporate Governance Fairness Act
# Corporate Governance Fairness Act (S 3055) Summary **What It Would Do** The Corporate Governance Fairness Act is a proposed law that would make changes to how large corporations are governed and run. While specific details aren't publicly available in the summary provided, bills with this title typically address issues like executive compensation, board diversity, shareholder rights, or transparency in corporate decision-making. **Current Status & Who It Affects** The bill is currently in committee, meaning it's still in the early stages of the legislative process and hasn't yet been debated or voted on by the full Senate. If passed, it would primarily affect large corporations and their shareholders, as well as potentially corporate executives and board members. **Note on Information Availability** The summary provided doesn't include the bill's specific provisions or detailed language. For a complete understanding of what the bill actually proposes, you would need to review the full text on Congress.gov or similar legislative databases, which would outline the exact requirements, exemptions, and implementation details.
PCAOB Enforcement Transparency Act of 2025
# PCAOB Enforcement Transparency Act of 2025 - Summary **What the Bill Would Do:** This bill would require the Public Company Accounting Oversight Board (PCAOB)—a nonprofit organization that oversees auditors of public companies—to be more transparent about its enforcement actions. Specifically, it would mandate that the PCAOB publicly disclose information about investigations and disciplinary actions against accounting firms and auditors, rather than keeping many of these matters confidential as currently allowed. **Who It Affects:** The bill primarily affects accounting firms, individual auditors, and publicly traded companies. It would also impact investors and the general public by potentially giving them greater visibility into disciplinary issues within the auditing profession. The PCAOB itself would need to adjust its procedures to accommodate increased disclosure requirements. **Key Provisions & Current Status:** While specific provisions aren't detailed in the available information, the bill's core purpose is transparency in how the PCAOB handles enforcement matters. This would likely include releasing information about violations, penalties, and corrective actions. As of now, the bill is in committee, meaning it has been introduced but has not yet been voted on by the full Senate. The bill was sponsored by Senator Jack Reed (D-RI).
Stronger Enforcement of Civil Penalties Act of 2025
# Stronger Enforcement of Civil Penalties Act of 2025 - Summary **What the Bill Would Do** This bill would strengthen the federal government's ability to enforce civil penalties—fines and sanctions imposed for violating laws and regulations. The legislation appears designed to update how federal agencies can collect and enforce these penalties, though the specific provisions aren't publicly detailed yet. Civil penalties are used across many regulatory areas, from environmental protection to workplace safety to financial fraud. **Who It Affects** The bill would potentially affect businesses, organizations, and individuals who face federal regulatory violations, as well as the government agencies responsible for enforcing federal laws. It could impact how penalties are calculated, collected, and challenged in court. **Current Status** As of now, the bill is in committee (meaning it's being reviewed by a Senate committee before any vote), and no action has been taken. The bill was introduced by Senator Jack Reed (D-RI) but has not yet moved forward in the legislative process. *Note: Full details of specific provisions are not available in public records at this time. For complete information, you can review the bill text on Congress.gov.*
Homebuyers Privacy Protection Act
# Homebuyers Privacy Protection Act Summary **What It Does** This bill protects the personal financial information of people buying homes. It restricts who can access sensitive data collected during the mortgage application and home-buying process—such as credit scores, income details, and financial records—without a homebuyer's explicit permission. The legislation aims to prevent companies from sharing or selling this information to third parties for marketing or other purposes without consent. **Who It Affects** The bill primarily affects homebuyers and mortgage applicants, as well as the financial institutions, real estate companies, and mortgage lenders that handle their personal data. These businesses would need to follow stricter rules about how they collect, use, and share consumer information in real estate transactions. **Current Status** The bill passed the Senate and is moving through the legislative process. As of now, it would need to pass the House of Representatives and receive presidential approval to become law.
Ending Taxpayer Support for Big Egg Producers Act
# Ending Taxpayer Support for Big Egg Producers Act (S 1904) **What the Bill Would Do** This bill would eliminate federal subsidies and government support programs that currently benefit large-scale egg producers. The legislation aims to reduce taxpayer funding directed toward major commercial egg farming operations, shifting financial support away from these large producers. **Who It Affects** The bill would primarily impact large egg production companies that currently receive federal support. It could also indirectly affect consumers through potential changes in egg pricing and availability, as well as agricultural workers in the egg industry. Smaller or family-owned egg farms might see competitive advantages if larger producers lose access to subsidies. **Current Status** The bill is currently in committee, meaning it has been introduced but has not yet advanced to a full vote in the Senate. As of now, it remains in the early stages of the legislative process.
A bill to prohibit changes to Medicare and Medicaid in reconciliation.
# Summary of S 1903 **What the Bill Would Do** This bill would prevent Congress from making changes to Medicare and Medicaid through a legislative process called "reconciliation." Reconciliation is a special procedure that allows certain budget-related bills to pass the Senate with a simple majority (51 votes) rather than the usual 60-vote supermajority needed to overcome a filibuster. If passed, S 1903 would effectively require any future changes to these two major health programs to follow the standard legislative process. **Who It Affects and Key Provisions** The bill primarily affects Medicare beneficiaries (seniors and some disabled individuals) and Medicaid beneficiaries (low-income individuals and families). It also affects Congress's legislative toolkit. By removing Medicare and Medicaid from reconciliation eligibility, the bill would make it harder to pass healthcare changes without broad bipartisan support, as sponsors would need 60 Senate votes instead of 51. This is a significant procedural constraint, since both parties have used reconciliation to pass major healthcare legislation. **Current Status** S 1903 is currently in committee and has not advanced further in the legislative process. As a procedural restriction on how Congress operates, it faces questions about whether it could even be implemented through regular legislation, as it would effectively limit the Senate's use of established budget procedures.
Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
# Stop Subsidizing Multimillion Dollar Corporate Bonuses Act (S 1576) **What the Bill Would Do** This bill would limit tax deductions for executive bonuses at large corporations. Specifically, it would prevent companies from deducting executive compensation (bonuses and other pay) that exceeds a certain threshold—likely making it more expensive for corporations to award very large executive bonuses since they couldn't offset these costs through tax breaks. **Who It Affects and Key Provisions** The bill primarily targets large corporations and their highest-paid executives. It's designed to address the concern that taxpayers effectively subsidize large executive bonuses through corporate tax deductions. The reasoning is that when companies deduct these bonuses, it reduces their taxable income, lowering the taxes they owe—meaning the public indirectly helps pay for executive compensation. **Current Status** As of now, the bill remains in committee and has not advanced further in the legislative process. It was introduced by Senator Jack Reed (D-RI) in the current Congress but has not yet been voted on by the full Senate.
Adult Education WORKS Act
# Adult Education WORKS Act Summary **What the Bill Would Do** The Adult Education WORKS Act is a proposal to strengthen and expand adult education and workforce training programs in the United States. While specific details about this bill's provisions are limited in the information available, bills with this title typically aim to improve access to job training, literacy programs, and skills development for working-age adults who didn't complete traditional education or need to learn new skills for changing job markets. **Who It Affects and Current Status** This bill would primarily affect adults seeking education or career advancement opportunities, community colleges, workforce development organizations, and employers looking for trained workers. It's currently in committee, meaning it has been introduced but hasn't yet moved forward for a full vote in the Senate. As a bill in the early legislative stage, its final provisions may change significantly before any vote occurs. *Note: For more detailed information about specific provisions (funding amounts, program requirements, eligibility criteria, etc.), you may want to check Congress.gov or contact Senator Reed's office, as those details aren't included in the basic summary provided.*
Weatherization Assistance Program Improvements Act of 2025
# Weatherization Assistance Program Improvements Act of 2025 **What the Bill Does** This bill would expand and improve the federal Weatherization Assistance Program, which helps low-income households reduce energy costs by upgrading their homes with better insulation, sealing air leaks, and installing efficient heating and cooling systems. The legislation aims to make the program more effective and accessible to families who struggle with high utility bills. **Who It Affects** The bill primarily benefits low-income households that spend a large portion of their income on heating and cooling. It would also affect program administrators and contractors who implement weatherization improvements, as well as energy companies and utility providers. **Current Status** As of now, the bill (S 1342) has been introduced in the Senate and is under review in committee. It has not yet been voted on by either chamber of Congress. The bill was sponsored by Senator Jack Reed (D-RI) and currently has limited information available about specific program changes or funding levels proposed.
Rhode Island Fishermen's Fairness Act of 2025
# Rhode Island Fishermen's Fairness Act of 2025 - Summary **What the Bill Would Do:** The Rhode Island Fishermen's Fairness Act of 2025 is a proposed law designed to address concerns affecting commercial fishermen in Rhode Island. While the full details of specific provisions aren't listed in the available information, the bill focuses on fisheries policy and marine resources in the Atlantic Ocean. The legislation would likely aim to protect or support Rhode Island's fishing industry, which has historically been central to the state's economy and culture. **Who It Affects:** The bill primarily affects Rhode Island's commercial fishing community and related industries. It could also impact federal fisheries management policies and regulations that apply to Atlantic Ocean fishing operations based in or affecting Rhode Island. **Current Status:** As of now, the bill (S 1152) is in committee, meaning it has been introduced in the Senate but has not yet been debated or voted on by the full chamber. The bill was sponsored by Senator Jack Reed, a Rhode Island Democrat. To learn more about the specific provisions and proposed changes, you would need to review the full bill text on Congress.gov or contact Senator Reed's office.
Unity through Service Act of 2025
# Unity through Service Act of 2025 Summary **What the Bill Would Do:** The Unity through Service Act of 2025 is a proposed law currently under review in the Senate. While specific details aren't provided in the available information, the bill's title suggests it aims to promote national unity through service-related programs or initiatives. The bill was introduced by Senator Jack Reed (D-RI) but has not yet advanced beyond the committee stage, meaning it's still in early review and hasn't been debated or voted on by the full Senate. **Current Status:** As of now, S 1120 remains "In Committee," meaning it's being reviewed by relevant Senate committees before moving forward. Without additional legislative text or committee documentation, the specific provisions, affected populations, and implementation details cannot be determined from this information alone. To learn more about this bill's actual content and impact, interested parties would need to consult the full bill text on Congress.gov or follow its progress through the legislative process.
Suicide Prevention Act
# Suicide Prevention Act (S 1062) Summary **What the Bill Does** The Suicide Prevention Act is legislation designed to strengthen and expand suicide prevention efforts across the United States. While specific provisions aren't detailed in the available information, bills with this title typically focus on funding prevention programs, improving access to mental health services, training healthcare providers to identify suicide risk, and supporting research into suicide prevention strategies. **Who It Affects** This bill would potentially affect anyone at risk of suicide, including veterans, youth, and other vulnerable populations. It would also impact mental health professionals, hospitals, community organizations, and state health agencies that work on prevention and treatment efforts. **Current Status** The bill was introduced by Senator Jack Reed (D-RI) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full Senate. For complete details on the specific provisions and any recent updates, the bill's text can be found on Congress.gov.
Helping More Families Save Act
# Helping More Families Save Act Summary **What the Bill Does:** The Helping More Families Save Act (S 970) aims to make it easier for Americans to save money for retirement by expanding access to retirement savings accounts and plans. While the bill's specific details aren't provided in the available information, bills with this title typically focus on lowering barriers to retirement savings—such as allowing more small businesses to offer retirement plans to employees or making it simpler for individual savers to open and contribute to retirement accounts. **Who It Affects:** This legislation would primarily impact working families, small business owners, and self-employed individuals who currently lack access to employer-sponsored retirement plans or face complications in setting up their own savings accounts. **Current Status:** The bill is currently in committee, meaning it's in the early stages of the legislative process and has not yet been voted on by the full Senate. It was introduced by Senator Jack Reed (D-RI). *Note: For a complete understanding of specific provisions (such as contribution limits, tax incentives, or which retirement account types are affected), you would need to review the full bill text, which is available through Congress.gov.*
Property Improvement and Manufactured Housing Loan Modernization Act of 2025
# Property Improvement and Manufactured Housing Loan Modernization Act of 2025 **What the Bill Would Do** This bill aims to modernize federal lending rules for home improvement loans and manufactured housing. While specific provisions aren't detailed in the available information, bills with this title typically update regulations governing how lenders can offer loans for property repairs, renovations, and manufactured home purchases—often making loans more accessible or adjusting requirements for lenders and borrowers. **Who It Affects** The bill would impact homeowners seeking to finance improvements or repairs, manufactured housing residents, lending institutions, and potentially the real estate and construction industries. **Current Status** The bill (S 964) was introduced by Senator Jack Reed (D-Rhode Island) in the 119th Congress and is currently in committee review. This means it has not yet been debated or voted on by the full Senate. The specific details of what changes it proposes are not yet publicly available in summary form. *Note: For complete details on proposed provisions, you can search for the full bill text at Congress.gov.*
A bill to strengthen the United States Interagency Council on Homelessness.
# S 965: Strengthening the Interagency Council on Homelessness **What the Bill Would Do** This bill aims to improve how the federal government coordinates efforts to combat homelessness. The Interagency Council on Homelessness is an existing government body made up of representatives from various federal agencies (like HUD, Veterans Affairs, and Health and Human Services). The bill would strengthen this council's structure, funding, and authority to better coordinate homelessness programs across different government agencies. **Who It Affects and Key Provisions** The bill would primarily affect federal agencies working on homelessness issues and, ultimately, people experiencing or at risk of homelessness. While specific provisions aren't detailed in this summary, bills of this type typically address council staffing, budget resources, and how effectively different agencies can work together to implement consistent homelessness policies and programs nationwide. **Current Status** As of now, S 965 is in committee, meaning it's under review by relevant Senate committees but has not yet advanced to a full Senate vote. The bill was introduced by Senator Jack Reed (D-Rhode Island) in the 119th Congress.
Innovation in Pediatric Drugs Act of 2025
# Summary: Innovation in Pediatric Drugs Act of 2025 **What the Bill Does** This bill would expand the FDA's power to require drug companies to conduct studies on children for rare diseases. Currently, drugs designed for rare conditions (called "orphan drugs") are generally exempt from pediatric study requirements. This bill would remove that exemption, allowing the FDA to mandate that companies test certain rare disease drugs on children if doing so could improve treatment options or provide additional choices within a drug category. **Who It Affects** The bill primarily impacts pharmaceutical companies that develop drugs for rare pediatric diseases and children with rare conditions. It also affects the FDA, which would gain new regulatory authority and must create guidelines on how the new requirements will work, including when companies can request exemptions or waivers. **Key Provisions** The bill requires the FDA to issue guidance explaining implementation details, including how companies can obtain waivers from pediatric study requirements. It also gives the FDA enforcement power to take action against companies that fail to meet these new study requirements. The change aims to ensure that children with rare diseases have access to better-tested treatment options. **Current Status** The bill is currently in committee (S 705, 119th Congress) and has not yet been voted on by the full Senate.