Legislation

The "Federal Reserve Board Abolition Act" eliminates the Federal Reserve Board and Federal Reserve Banks one year after enactment, repealing the Federal Reserve Act. During the dissolution period, the Chairman of the Federal Reserve Board will manage the winding down of affairs, and the Office of Management and Budget Director will liquidate assets to maximize returns to the Treasury. The Treasury Secretary will assume outstanding liabilities and, along with the Office of Management and Budget Director, report to Congress on the implementation of the Act.

The SPEED for BEAD Act amends the Infrastructure Investment and Jobs Act to streamline broadband deployment grants. It renames the "Equity" program to "Expansion," allows funds for workforce development, and permits removal of high-cost locations from project areas. The act also prohibits certain conditions related to labor, climate change, and network management, and ensures consideration of all broadband technologies.

The Justice for ALS Veterans Act of 2025 provides increased dependency and indemnity compensation to surviving spouses of veterans who die from ALS, regardless of the duration of the illness. To be eligible, the surviving spouse must have been married to the veteran for at least eight years, and the veteran must have died on or after October 1, 2025. Additionally, the bill requires the Secretary of Veterans Affairs to submit a report to Congress identifying other service-connected disabilities that should receive similar treatment as ALS under existing compensation guidelines.

The CLEAR Act of 2025 aims to enhance immigration law enforcement by empowering state and local law enforcement to assist in the investigation, apprehension, and detention of undocumented immigrants. It encourages cooperation through financial incentives, mandates information sharing between state/local agencies and federal authorities, and expands detention facilities. The Act also provides training and immunity to state and local officers and continues the Institutional Removal Program to remove criminal immigrants from prisons. Additionally, it ensures that states are reimbursed for costs associated with detaining and transporting undocumented immigrants.

The PAGER Act aims to restrict U.S. support to the Lebanese Armed Forces unless the Secretary of State certifies that the Lebanese government has taken significant steps to counter Hezbollah's influence, prevent coordination with terrorist organizations, and ensure accountability. It also prohibits U.S. funds from supporting UN programs that aid the Lebanese armed forces or internal security forces. Additionally, the act designates Suhil Bahij Gharab as a global terrorist and requires regular reports on Hezbollah and Iranian influence within the Lebanese government.

The SAFE Lending Act of 2025 aims to protect consumers from abusive practices in electronic and small-dollar lending. It requires small-dollar lenders to register with the Bureau of Consumer Financial Protection, ensures state laws apply to online and national bank loans, and restricts the distribution of sensitive financial information. The Act also expands consumer control over bank accounts by limiting remotely created checks and overdraft fees on prepaid accounts. Finally, the Act mandates a study on the impact of small-dollar lending on economic opportunity for Native American tribes.

The "Protecting Federal Agencies and Employees from Political Interference Act of 2025" prevents federal agencies and departments with headquarters or employee positions in the National Capital Region from relocating unless authorized by a new law. This ensures that these entities remain in their current locations, safeguarding them from potential political influence.

The "Preventing Deep Fake Scams Act" establishes a task force to study and report on the use of artificial intelligence in the financial services sector. The task force will assess both the benefits and potential risks, especially regarding deep fakes and their potential use in fraud and identity theft. The goal is to develop best practices and recommend legislation or regulations to protect consumers from AI-related financial crimes.

The "Time to Choose Act of 2025" prohibits federal agencies from contracting with consulting firms that simultaneously work for certain foreign entities, such as the governments of China and Russia, or face penalties. It requires firms bidding on federal contracts to certify they do not have consulting contracts with these "covered foreign entities," with exceptions allowed under national security interests. The Act also outlines penalties for firms providing false information about their foreign contracts, including contract termination and False Claims Act liabilities. This law aims to address conflicts of interest where firms may be undermining U.S. security while contracting with U.S. agencies.

The Veterans Mental Health and Addiction Therapy Quality of Care Act mandates an independent study comparing the quality of mental health and addiction care provided by the VA and non-VA providers. This study will evaluate health outcomes, use of evidence-based practices, care coordination, and patient satisfaction. The goal is to identify areas for improvement in veteran mental health and addiction treatment within and outside the VA system. A report of the study's findings must be submitted to Congress and published online.

The Justice Thurgood Marshall National Historic Site Establishment Act of 2025 establishes the Justice Thurgood Marshall National Historic Site at Public School 103 in Baltimore, Maryland, where Marshall attended elementary school. The Beloved Community Services Corporation will continue to own and manage the School and serve as the management entity for the Historic Site, with the National Park Service providing technical and financial assistance. This act aims to preserve and interpret Justice Marshall's historic contributions as an affiliated area of the National Park System, without authorizing the Secretary of Interior to acquire the School or assume financial responsibility for its operation.

The "Assistance for Rural Water Systems Act of 2025" enables the Secretary to provide additional financial assistance to rural water, wastewater, and waste disposal facilities. This includes offering grants and low-interest loans, as well as loan forgiveness or refinancing options, to help these entities maintain public health and address financial challenges in disadvantaged areas. The Secretary will also establish a residential indicator of affordable water services to determine eligibility for assistance.

The "Capital Gains Inflation Relief Act of 2025" adjusts how capital gains or losses are calculated on the sale of certain assets held for over 3 years by using an "indexed basis" that accounts for inflation. This indexed basis is calculated by increasing the asset's adjusted basis by an "applicable inflation adjustment" based on the percentage increase in the Gross Domestic Product (GDP) deflator during the holding period. The bill outlines specific rules for various types of assets, investment entities, and transactions, and it applies to assets acquired after December 31, 2025. It also requires written documentation of the original purchase price for the indexed asset.

The Hearing Device Coverage Clarification Act requires the Centers for Medicare & Medicaid Services to clarify that fully implanted active middle ear hearing devices are prosthetics, not hearing aids, and thus not subject to the hearing aid coverage exclusion under the Social Security Act. This clarification must be made within 60 days of the Act's enactment. The Act ensures these devices are recognized as prosthetics, as defined in existing regulations.

The "Renaming the National School Lunch Program Act of 2025" renames the Richard B. Russell National School Lunch Act to the Jean E. Fairfax National School Lunch Act. This change recognizes Jean E. Fairfax's extensive contributions to the program and her advocacy for marginalized communities. The renaming also addresses concerns about the current namesake's opposition to civil rights. All references to the previous name in existing legislation will be updated accordingly.

The Bureaucratic Labor Adjustment and Downsizing Effort Act eliminates nonessential civil service positions within the executive branch that are not exempt from furlough due to funding lapses. Any position designated as non-exempt from furlough will be abolished, and federal funds will no longer be used for the salary or expenses of these positions. Vacant positions are abolished immediately, while occupied positions are abolished as soon as they become vacant. The bill also prevents any positions from being newly designated as exempt from furlough.

The HIDTA Enhancement Act reauthorizes funding for High Intensity Drug Trafficking Areas (HIDTAs) through 2030, mandating specific reporting on fentanyl trafficking and associated challenges. It increases funding for the Counterdrug Technology Assessment Center to support law enforcement efforts against fentanyl and directs the Attorney General to prioritize fentanyl trafficking prosecutions by providing additional resources. The bill allocates $333,000,000 annually for fiscal years 2025 through 2030 for HIDTAs.

The Higher Education Reform and Opportunity Act overhauls federal student loan programs by terminating most existing loan options and introducing Federal Direct simplification loans with set interest rates and loan limits. It also phases out loan forgiveness programs for new loans made after July 1, 2025, with limited exceptions. The bill introduces alternative state accreditation systems for postsecondary institutions and programs to qualify for Title IV funding and mandates increased transparency by requiring colleges to publish detailed information on student outcomes and loan data. Finally, it introduces financial accountability measures for schools based on student loan default rates.

The Apprenticeships to College Act aims to strengthen the connection between apprenticeship programs and educational institutions. It directs the Secretaries of Labor and Education to form an agreement supporting a college consortium. This consortium will focus on aligning education and apprenticeship records, providing guidance on funding, and creating credit awarding systems for apprenticeship program participants. Participation in the consortium is voluntary for higher education institutions and apprenticeship sponsors.

The Transportation Freedom Act aims to boost American auto manufacturing through tax incentives for companies that keep production and jobs in the U.S. while also rolling back recent vehicle emissions and fuel efficiency regulations. It restricts states' abilities to set their own emission standards and directs the EPA and DOT to establish new, flexible emissions standards based on technological and economic feasibility. This could lead to more fuel-efficient vehicles, reduced emissions, and shifts in the automotive industry.