We have received text from S. 4689: Reading Excellence and Achievement for Development Act. This bill was received on 2026-06-04, and currently has 5 cosponsors.

Here is a short summary of the bill:

This bill, known as the Reading Excellence and Achievement for Development Act (READ Act), aims to improve literacy rates among students by enhancing educational practices and support systems at the federal and state levels. Here are the key components and goals of the bill:

Purpose of the Bill

• Increase Literacy Proficiency: The bill seeks to raise reading and writing skills within elementary and secondary schools, ensuring all students graduate with competencies necessary for the job market and personal success.
• Support for State Policies: It encourages state educational agencies to adopt and implement evidence-based approaches in literacy instruction that are consistent with the science of reading.
• Improve Teacher Training: The bill emphasizes the need for better teacher preparation and ongoing professional development focused on evidence-based literacy instruction.
• Early Intervention: It promotes the identification and support of students who are at risk of reading difficulties, particularly those with conditions like dyslexia.
• Data-Driven Strategies: The legislation encourages the use of data to develop effective literacy strategies and close gaps in educational opportunities among different student groups.
• Strengthen Literacy Research: It aims to enhance the nation's literacy research infrastructure, which includes supporting comprehensive research centers and institutions focused on education sciences.

Findings

The bill recognizes several important findings, including:

• Literacy is essential for personal and economic growth.
• Recent assessments have shown low proficiency rates in literacy among middle school students.
• The high percentage of adults struggling with basic literacy indicates a significant national crisis.
• Literacy challenges result in substantial economic costs to taxpayers and businesses alike.

Funding and Grants

The bill proposes various funding mechanisms for literacy improvement through:

• Literacy Improvement Grants: States can receive grants aimed at supporting local agencies to enhance literacy instruction.
• Priority to Low-Performing States: Funds will be allocated, particularly to states that rank low in reading proficiency among 4th graders.
• Subgrants: States must allocate a significant majority of grant funds to local educational agencies to improve literacy instruction.

State Responsibilities

States that receive funding under this act will be required to:

• Conduct needs assessments for literacy across the state.
• Develop and implement comprehensive literacy instruction plans.
• Ensure that teacher training is aligned with the science of reading.
• Provide early literacy screenings for students and implement interventions.
• Regularly report on the progress and effectiveness of implemented strategies.

Parental Involvement

Schools receiving assistance under the bill must inform parents if their child is identified as at risk of reading difficulties, providing:

• Results of assessments and screenings.
• Details on the support that will be provided to the student.
• Guidance on how parents can assist their child’s learning at home.

Non-Discrimination and Local Control

The bill contains provisions ensuring that it will not infringe upon the rights or educational mandates for students with disabilities. It also reaffirm that states maintain control over the specific content, curricula, and instructional methods used in their education systems.

Authorization of Funds

Funds necessary to carry out the provisions of this act are to be authorized for several fiscal years, underpinning the long-term commitment to improving literacy within the nation’s educational systems.

Relevant Companies

• AAPL : Companies like Apple may be impacted due to potential increased integration of technology and literacy tools in education.
• GOOGL : Google might see an increased demand for educational resources and platforms that support evidence-based literacy improvements.
• MSFT : Microsoft could be affected positively as schools may seek software for literacy growth and teacher training programs.

Senator Bill Cassidy Bill Proposals

Here are some bills which have recently been proposed by Senator Bill Cassidy:

• S.4689: READ Act
• S.4678: SIMS Act
• S.4584: Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026
• S.4442: Save America’s Family Forests Act of 2026
• S.4435: Improving Financial Aid Offers for Students Act
• S.4427: Heat Workforce Standards Act of 2026

You can track bills proposed by Senator Bill Cassidy on Quiver Quantitative's politician page for Cassidy.

Senator Bill Cassidy Net Worth

Quiver Quantitative estimates that Senator Bill Cassidy is worth $431.5K, as of June 17th, 2026. This is the 411th highest net worth in Congress, per our live estimates.

Cassidy has approximately $0 invested in publicly traded assets which Quiver is able to track live.

You can track Senator Bill Cassidy's net worth on Quiver Quantitative's politician page for Cassidy.

Senator Bill Cassidy Stock Trading

We have data on up to $3.5M of trades from Senator Bill Cassidy, which we parsed from STOCK Act filings. Some of the largest trades include:

• A March 31st, 2016 sale of up to $50K of $CMI. The stock has risen 536.68% since then.
• A March 31st, 2016 sale of up to $50K of $TM. The stock has risen 67.6% since then.
• A January 31st, 2018 sale of up to $15K of $IHE. The stock has risen 77.85% since then.
• A April 23rd, 2018 sale of up to $15K of $MSFT. The stock has risen 313.04% since then.
• A April 23rd, 2018 sale of up to $15K of $MDT. The stock has risen 1.62% since then.

You can track Senator Bill Cassidy's stock trading on Quiver Quantitative's politician page for Cassidy.

2026 Louisiana US Senate Election

There has been approximately $71,008,136 of spending in Louisiana US Senate elections over the last two years, per our estimates.

Approximately $20,272,291 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:

• LOUISIANA FREEDOM FUND ($10,816,740)
• ACCOUNTABILITY PROJECT INC ($6,926,639)
• FELLOWSHIP PAC ($600,000)
• SAVE AMERICAN FREEDOM ($538,441)
• CLEARPATH ACTION FUND, INC. ($515,000)

The rating for this race is currently "Solid R".

You can track this election on our matchup page for the 2026 Louisiana US Senate election.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

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