Legislative Activity

This bill expresses support for "Financial Literacy Month" and recognizes the critical importance of financial literacy and education for all Americans. It highlights the concerning statistics around financial insecurity and lack of financial knowledge in the US. The bill encourages participation in Financial Literacy Month to promote financial education through various programs and activities.

The HOME Investment Partnerships Reauthorization and Improvement Act of 2025 reauthorizes and reforms the HOME Investment Partnerships Program to provide affordable housing by allocating funding, modifying qualification thresholds, and streamlining processes for participating jurisdictions. It modifies affordable housing qualifications, eliminates deadlines for committing funds, reforms homeownership resale restrictions, requires on-site inspections of home properties, and establishes a home loan guarantee program. The bill also refines the processes for community housing development organizations to better serve low- and moderate-income individuals, and makes technical corrections to fix errors and modernize the language in the Cranston-Gonzalez National Affordable Housing Act. These changes aim to increase the availability of affordable housing options, improve living conditions, and ensure efficient use of government funds.

The "Woman on the Twenty Act of 2025" mandates that all $20 bills printed after December 31, 2028, will feature a portrait of Harriet Tubman on the front. It also requires the Secretary of the Treasury to release the preliminary design of the new $20 bill to the public by December 31, 2026.

The OFAC Licensure for Investigators Act directs the Office of Foreign Assets Control (OFAC) to establish a pilot program, in coordination with the Financial Crimes Enforcement Network, that would allow private firms to obtain licenses for small financial transactions related to investigations. Licensed firms will be required to submit monthly reports, and the OFAC Director will report to Congress annually on the program's progress, utility, and any recommendations. The pilot program is set to terminate five years after its establishment.

The "Rosa Parks Commemorative Coin Act" directs the Secretary of the Treasury to mint gold, silver, and half-dollar coins in 2029 to honor Rosa Parks and her legacy as a Civil Rights Movement leader. Coin designs must symbolize her contribution to civil rights and include her name and likeness. Surcharges from the coin sales will benefit the Rosa and Raymond Parks Institute for Self Development, supporting youth programs, civil rights education, and advocacy. The Act ensures no net cost to the government and mandates the recovery of all costs before surcharge distribution.

The "Black History is American History Act" amends the Elementary and Secondary Education Act of 1965 to include Black history in American history education programs. It ensures Black history is part of authorized programs, Presidential and Congressional academies, Smithsonian Institution resources, national activities, and the National Assessment of Educational Progress. This act emphasizes the importance of Black history as an integral part of American history.