Legislative Activity

The Fiscal Contingency Preparedness Act mandates that the Treasury Department, in coordination with the OMB, include a new analysis of potential financial risks from major "fiscal shocks" in its annual report. This analysis must assess the short-term and long-term financial impacts of events like recessions, natural disasters, or cyber attacks on the federal government. The Government Accountability Office (GAO) will subsequently review the methodology and findings of this new fiscal assessment.

The Enhanced Iran Sanctions Act of 2025 strengthens U.S. policy by imposing mandatory sanctions on foreign persons and financial institutions that support Iran’s nuclear, ballistic missile, drone, and terrorist activities. The bill specifically targets Iran’s petroleum and petrochemical sectors to cut off funding for these malign programs. Additionally, it expands the State Department’s "Rewards for Justice" program to incentivize the reporting of individuals who evade these sanctions.

The American Lending Fairness Act of 2026 grants states the authority to opt out of certain federal interest rate rules for loans made by financial institutions chartered within their borders. This allows states to establish their own interest rate standards for state-chartered banks and credit unions through legislative action or voter approval. The bill repeals an existing, similar provision from 1980, applying the new opt-out mechanism retroactively to prior state actions.

The Main Street Act is a comprehensive bill designed to revitalize community banking by easing formation requirements for new local banks and tailoring regulations to reduce compliance burdens on smaller financial institutions. It aims to increase transparency in bank supervision and resolution processes while modernizing lending programs and streamlining merger reviews. Ultimately, the legislation seeks to foster greater competition, improve access to capital in underserved areas, and ensure regulatory oversight is proportionate to institutional risk.

The Chloe Cole Act of 2026 establishes a federal private right of action allowing individuals to sue healthcare professionals and institutions for damages related to gender-transition medical interventions performed on them as minors. The bill permits lawsuits regardless of when the intervention occurred and sets a statute of limitations extending 25 years past the individual's 18th birthday. Additionally, it mandates strict liability for such interventions performed after the Act's enactment.

The Iran Human Rights, Internet Freedom, and Accountability Act of 2026 aims to support the Iranian people by expanding access to uncensored internet and communication technologies. The bill strengthens U.S. policy against regime repression by mandating investigations into human rights abuses and establishing a new Treasury initiative to combat corruption and money laundering by Iranian officials. Additionally, it enhances congressional oversight of sanctions and promotes independent media to counter state-sponsored censorship.

This bill establishes the United States-Israel Defense Technology Cooperation Initiative to accelerate joint research, development, and integration of critical defense technologies. The initiative focuses on key areas like AI, missile defense, and counter-drone systems to enhance the security and technological edge of both nations. It mandates regular reporting to Congress on progress and authorizes funding for fiscal years 2027 through 2029.

The Contract Our Veterans Act of 2026 strengthens federal support for veteran-owned small businesses by streamlining sole-source and restricted-competition contracting processes. The bill establishes a government-wide goal of awarding at least 5% of federal contract dollars to these businesses and mandates rigorous annual reporting to ensure transparency. Additionally, it integrates veteran-owned firms into key procurement programs, scorecards, and mentorship initiatives to increase their participation in the federal marketplace.

The Safeguarding Consumers from Advertising Misconduct Act (SCAM Act) holds online platforms accountable for displaying fraudulent or deceptive paid advertisements. It mandates that platforms implement strict advertiser verification procedures and actively detect and remove scam ads. This legislation establishes a private right of action for injured consumers and clarifies that existing Section 230 immunity does not apply to violations of this Act.

This act establishes the "$2.50 for America's 250th Act" to commemorate the 250th anniversary of the Declaration of Independence. It authorizes the Treasury to mint and issue special commemorative gold, silver, and clad $2.50 coins featuring designs from the 1926 Sesquicentennial coin. Additionally, the bill mandates a study on the feasibility of minting and issuing a $2.50 coin for wide circulation.

The Incentivize Savings Act mandates how federal agencies must handle unspent appropriations by dedicating the majority to debt reduction and allowing a portion for employee retention bonuses. This legislation also restricts future budget requests to only account for inflation unless the agency fully spends its prior allocation. Ultimately, the bill aims to encourage fiscal responsibility by linking unspent funds to debt reduction and limiting budget growth.

This Act establishes specific definitions for "female," "male," and "sex" based on biological reproductive systems for amateur athletics. It mandates that organizations recognized by the U.S. Olympic & Paralympic Committee must prohibit individuals identified as male from competing in competitions designated for females. This aims to protect competitive opportunities specifically for biological females in amateur sports.

The Financial Reporting Threshold Modernization Act increases the dollar thresholds for mandatory currency transaction and suspicious activity reports to reduce administrative burdens on financial institutions. The bill also mandates periodic inflation adjustments for these thresholds and requires the Treasury Department to review and modernize reporting forms to improve efficiency. Additionally, it extends the requirement for the FinCEN Director to provide annual testimony before Congress.

The PORCUPINE Act amends the Arms Export Control Act to formally include Taiwan in existing certification and reporting requirements. It also mandates a feasibility study for expediting the licensing process for allied nations transferring U.S.-origin military equipment to Taiwan. The legislation is intended to enhance security cooperation while affirming that it does not alter existing U.S. policy as defined by the Taiwan Relations Act.

This bill amends the Victims of Crime Act of 1984 to temporarily exclude certain False Claims Act recoveries from being deposited into the Crime Victims Fund through fiscal year 2029. It also mandates a comprehensive audit by the Department of Justice Inspector General on the Fund's sustainability and the impact of recent legislative changes. The resulting report will provide recommendations for improving the Fund's effectiveness and oversight.

This bill officially designates January 9, 2026, as "National Law Enforcement Appreciation Day" to honor the service and sacrifice of law enforcement officers nationwide. It also establishes National Police Week and National Peace Officers Memorial Day (May 15th) to commemorate officers who have died in the line of duty. The legislation encourages the President to issue annual proclamations recognizing these days and calls for flags to be flown at half-staff on Memorial Day.

The Protecting Privacy in Purchases Act prohibits payment card networks and financial processors from creating or requiring special merchant category codes specifically for firearm retailers. This legislation aims to prevent the singling out of businesses that sell firearms, ammunition, or related components through transaction coding. The Attorney General is tasked with enforcement and reporting annually to Congress on the law's implementation.

The Respect State Housing Laws Act aims to clarify federal housing regulations by amending the CARES Act. Specifically, this legislation removes Section 4024(c) from the CARES Act.

The American Financial Institution Regulatory Sovereignty and Transparency Act of 2025 (American FIRST Act) mandates that key federal banking agencies significantly increase transparency regarding their international regulatory activities. This bill requires the Federal Reserve, the Comptroller of the Currency, and the FDIC to submit detailed annual reports to Congress about their engagement with global financial forums. These reports must cover the purpose, funding, positions taken, and implementation plans related to standards set by these international bodies.

This bill, the Miracle on Ice Congressional Gold Medal Act, officially authorizes Congress to award Congressional Gold Medals to the 1980 U.S. Men's Olympic Ice Hockey Team for their historic "Miracle on Ice" victory. The medals will be struck by the Treasury and permanently displayed at specific national sports museums. The Act also permits the sale of duplicate bronze medals to cover production costs.