Legislative Activity

The New Markets Tax Credit Extension Act of 2025 permanently extends the New Markets Tax Credit, originally set to expire after 2025, to encourage investment in low-income communities. The bill also adjusts the credit amount for inflation after 2025 and provides alternative minimum tax relief for credits on qualified equity investments made after December 31, 2024. These changes aim to incentivize ongoing investment in economically distressed areas.

The "Enhancing Energy Recovery Act" amends the Internal Revenue Code to update and broaden the criteria for carbon oxide disposal, use, or utilization, including secure geological storage and enhanced oil or natural gas recovery. It adjusts the applicable dollar amount for carbon oxide disposal, setting it at $17, adjusted for inflation, with a higher rate of $36 for projects meeting specific requirements. These changes apply to taxable years starting after December 31, 2024.

The "Retirement Fairness for Charities and Educational Institutions Act of 2025" modifies regulations for 403(b) plans under the Investment Company Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934. These modifications broaden exemptions from registration provisions for certain interests, participations, or securities related to 403(b) plans, especially those subject to Title I of the Employee Retirement Income Security Act of 1974, or where the employer acts as a fiduciary, or are governmental plans as defined in section 414. The goal is to expand the types of trusts, plans, and accounts that are excluded from being defined as investment companies. It also updates a section regarding exemptions from registration requirements for securities, adding a reference to plans described in section 3(a)(12)(C)(iv) of the Act.

The Fair Access to Banking Act aims to ensure equal access to financial services by preventing banks and credit unions from denying services to individuals or entities engaged in lawful activities based on subjective or politically motivated reasons. It sets requirements for banks with over $10 billion in assets, prohibiting them from denying services based on reputational risk and requiring them to justify denials with documented, risk-based standards. The act also allows individuals to sue financial institutions that violate these requirements, with the potential for treble damages and attorney fees awarded to successful plaintiffs. Furthermore, it restricts access to Federal Reserve lending programs and the Automated Clearing House Network for institutions that fail to comply with the Act.

**Title I:** This bill seeks to eliminate diversity, equity, and inclusion (DEI) programs within the federal government by revoking prior directives, terminating DEI offices, and restricting DEI-related training and activities. **Title II:** This bill restricts federal training programs from including topics related to diversity, equity, and inclusion, and protects employees from mandatory training on these subjects. **Title III:** This bill modifies federal contracting practices by prohibiting the use of federal funds for DEI-related activities and ensuring non-discrimination in federal programs. **Title IV:** This bill restricts the use of federal grant and cooperative agreement funds for diversity, equity, inclusion, and accessibility (DEIA) initiatives, while exempting certain offices and institutions. **Title V:** This bill aims to eliminate diversity, equity, and inclusion (DEI) practices within federal advisory committees by outlining specific prohibitions, enforcement mechanisms, and responsibilities for agency administrators and heads to ensure compliance. **Title VI:** This bill addresses accreditation standards for higher education institutions and restricts the use of federal funds by the Secretary of Education related to diversity, equity, and inclusion (DEI) initiatives. **Title VII:** This bill eliminates certain diversity, equity, and inclusion (DEI) programs and related requirements across various federal agencies and acts. **Title VIII:** This bill focuses on the enforcement and legal standing of the Act, ensuring individuals have the right to seek justice if they believe the law has been violated, and clarifies that the law remains effective even if parts of it are deemed unconstitutional.

The SHOW UP Act of 2025 requires Executive agencies to revert to pre-pandemic telework policies within 30 days. Agencies must conduct a study on the impacts of expanded telework during the COVID-19 pandemic and submit a plan for future telework use to Congress. Any expansion of telework beyond pre-pandemic levels requires certification from the Director of the Office of Personnel Management, ensuring positive impacts on agency performance, cost reduction, and adequate resources for teleworkers. The Act aims to address potential negative effects of telework on agency mission, costs, and resource allocation.

The "Commission to Relocate the Federal Bureaucracy Act" establishes a commission to study and recommend the relocation of certain federal agencies from the Washington, D.C., area to other parts of the United States. The commission will evaluate potential relocation sites based on factors such as financial efficiency, existing infrastructure, and community input, with the goal of transferring at least 100,000 employees of covered agencies. A report of the commission's findings and recommendations must be submitted to Congress within one year.

The Hearing Protection Act seeks to remove silencers from special regulation under federal tax law, treating them similarly to standard firearms components. This bill preempts state and local governments from imposing special taxes or registration requirements on silencers involved in interstate commerce. Furthermore, it mandates the destruction of existing federal records identifying silencer owners and establishes new serial number marking requirements for manufacturers.

The Disaster Mitigation and Tax Parity Act of 2025 allows individuals to exclude from their gross income any payments or benefits they receive from state-based catastrophe loss mitigation programs. These programs are designed to reduce property damage from natural disasters like windstorms, earthquakes, floods, or wildfires. This exclusion applies retroactively to taxable years starting after December 31, 2021, allowing individuals to claim refunds on previous tax returns.

The "Knife Owners Protection Act of 2025" allows individuals to transport knives between locations where possession is legal, provided the knives are transported in locked containers and are not directly accessible. It protects individuals from arrest or detention for violating state or local knife laws while in transit, and allows legal action against states or localities that violate these protections. This bill does not limit existing state laws regarding knife possession, carry, or transport, nor does it change restrictions on air travel with knives.

The "Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act" expands Medicare coverage to include innovative multi-cancer early detection screening tests starting in 2028. These tests, which use genomic sequencing to detect multiple cancer types, will be covered for eligible beneficiaries with age and frequency limitations. The payment amount for these tests will initially align with that of multi-target stool screening DNA tests. This new coverage aims to improve early cancer detection without affecting existing Medicare-covered cancer screenings.

This resolution designates January 26 through February 1, 2025, as "National School Choice Week," recognizing the importance of diverse educational options (public, charter, magnet, private, online, and homeschooling). It emphasizes the role of parents in choosing the best educational environment for their children and encourages awareness of the benefits of school choice. The resolution supports celebrating educational choice and acknowledges the contributions of students, parents, teachers, and school leaders.

The Graduate Opportunity and Affordable Loans Act amends the Higher Education Act of 1965 to reform loan provisions for graduate and professional students. Starting July 1, 2025, it sets new annual and aggregate limits for Federal Direct Unsubsidized Stafford Loans and discontinues Federal Direct PLUS Loans for graduate students. Institutions must notify students about these changes and have the authority to further limit loan amounts.

The Laken Riley Act mandates the detention of illegal aliens who commit theft, burglary, larceny, or shoplifting. It empowers state attorneys general to sue the Department of Homeland Security or the Secretary of State if they believe the state or its residents are harmed by violations of immigration enforcement or visa granting. The bill aims to ensure that these aliens are detained throughout their removal proceedings and to provide states with legal recourse against perceived failures in federal immigration enforcement.

The Stop Funding Global Terrorists Act of 2025 restricts U.S. funding to the United Nations for Afghanistan assistance unless the Secretary of State certifies that no U.S. funds are used for cash shipments by the United Nations into Afghanistan, and that no specially designated global terrorist organizations or foreign terrorist organizations receive funds from these shipments. The Secretary can revoke this certification if found inaccurate, with notification to relevant congressional committees. The bill defines key terms like "foreign terrorist organization" and "specially designated global terrorist organization" to ensure clarity in its application.

The "Main Street Tax Certainty Act" amends the Internal Revenue Code of 1986 to make the deduction for qualified business income permanent. This is achieved by eliminating the expiration date for this deduction. This change provides long-term tax certainty for small businesses.

The POLICE Act of 2025 amends the Immigration and Nationality Act to make any alien who assaults a law enforcement officer deportable. It requires the Department of Homeland Security to publish an annual report detailing the number of aliens deported for assaulting a law enforcement officer.

The "Promoting Domestic Energy Production Act" amends the Internal Revenue Code to change how intangible drilling and development costs are calculated for adjusted financial statement income, specifically regarding depreciation and depletion expenses. It allows companies to deduct these costs, aligning financial statement income calculations more closely with taxable income calculations. These changes apply to taxable years starting after December 31, 2025.

This joint resolution nullifies a Department of Energy rule setting energy conservation standards for gas-fired instantaneous water heaters. By disapproving the rule, Congress prevents its enforcement.

The "Justice for Victims of Sanctuary Cities Act of 2025" allows victims of certain crimes committed by aliens to sue sanctuary jurisdictions that failed to honor Department of Homeland Security requests or detainers. It mandates that states or local governments accepting specific federal grants waive immunity in these civil actions and protects state and local entities from liability when acting on Department of Homeland Security detainers. This act aims to ensure cooperation between federal and local law enforcement while holding sanctuary jurisdictions accountable for harm caused by their policies.