Legislative Activity

The BASIC ACT, or "Building Advanced Semiconductors Investment Credit Act," increases the advanced manufacturing investment credit from 25% to 35%. It also extends the credit period, changing the expiration date from December 31, 2026, to December 31, 2030. These changes are effective for property placed in service after the enactment of this act.

The "Prove It Act of 2025" aims to reduce regulatory burdens on small businesses by requiring agencies to consider indirect costs when creating new rules, allowing small businesses to petition for reviews of agency certifications, and mandating agencies to publish guidance documents and allow comments on rules with a significant economic impact on small businesses. Additionally, the Act amends the periodic review process for rules, requiring agencies to consider indirect costs and providing a mechanism for the Small Business Administration to address rules not reviewed within a 10-year period. The Act specifies that no additional funds will be allocated for its implementation.

The "Youth Poisoning Protection Act" bans consumer products containing high concentrations (10% or more by weight) of sodium nitrite, classifying them as hazardous under the Consumer Product Safety Act. This ban does not apply to industrial, commercial, or agricultural uses of sodium nitrite, or products regulated as drugs, devices, cosmetics, or food under the Federal Food, Drug, and Cosmetic Act. The act will take effect 90 days after enactment.

The "Medicaid Empowerment Act of 2025" amends Section 1915 of the Social Security Act to extend renewal periods for specific Medicaid home and community-based services waivers and state plan amendments. This extension applies to subsections (c)(3), (h)(2), and (i)(7)(C) of the Act.

The "Miracle on Ice Congressional Gold Medal Act" authorizes the presentation of three Congressional Gold Medals to honor the 1980 U.S. Olympic Men's Ice Hockey Team for their historic "Miracle on Ice" victory. These medals will be given to the Lake Placid Olympic Center, the United States Hockey Hall of Fame, and the US Olympic and Paralympic Museum for public display. The Act also allows for the creation and sale of bronze duplicates to fund the medal production.

The "Energy Cybersecurity University Leadership Act of 2025" establishes a program to offer financial aid and research opportunities to graduate students and postdoctoral researchers studying cybersecurity for energy-related fields. This program, run by the Secretary of Energy, will provide scholarships, fellowships, and research projects at universities, along with training at National Laboratories and utilities. The program will also conduct outreach to historically Black colleges and universities, Tribal Colleges or Universities, and minority-serving institutions. Within a year of the Act's enactment, the Secretary of Energy must report to Congress on the program's development and implementation.

The "Combating Organized Retail Crime Act" aims to combat the rise in organized retail theft and related crimes by amending Title 18 of the U.S. Code to include provisions that target the theft, fraud, and illegal redistribution of goods. It also establishes an "Organized Retail and Supply Chain Crime Coordination Center" to coordinate federal, state, and local law enforcement efforts, share information, and track trends related to organized retail crime. The center will work to support training and technical assistance to combat organized retail crime and organized supply chain crime. Finally, the Act requires the evaluation of existing federal programs to identify ways to expand support for state, local, and tribal law enforcement.

The FDA Modernization Act 3.0 updates regulations for drug testing by replacing the term "animal tests" with "nonclinical tests" in the Code of Federal Regulations to reflect advancements in testing methods. It also incorporates the definition of "nonclinical test" as defined in the Federal Food, Drug, and Cosmetic Act. Additionally, the bill corrects a subsection designation within the Federal Food, Drug, and Cosmetic Act to ensure legal clarity.

The "IRA Charitable Rollover Facilitation and Enhancement Act of 2025" amends the Internal Revenue Code to permit individuals age 70½ and over to make charitable rollovers from their IRAs to donor-advised funds. This change removes the previous restriction, allowing for greater flexibility in charitable giving through IRAs.

The Neighborhood Homes Investment Act introduces a new tax credit to encourage the construction and rehabilitation of homes in distressed communities. This credit aims to bridge the "value gap" that often hinders development in these areas by incentivizing the creation of affordable homes for qualified low- to moderate-income homebuyers. The credit is allocated to developers through state agencies, with specific requirements for affordability, construction standards, and homeowner protection. If the homeowner sells the home within five years, a portion of the profit must be repaid.

The "Middle Class Mortgage Insurance Premium Act of 2025" permanently increases the income cap for deducting mortgage insurance premiums. It raises the income limit to $200,000 (or $100,000 for those married filing separately), allowing more middle-class homeowners to benefit from this deduction. This change is effective for taxable years starting after December 31, 2025.

The S-CAP Act of 2025 amends the Internal Revenue Code of 1986, increasing the maximum number of shareholders an S corporation can have from 100 to 250. This change aims to broaden the appeal and accessibility of S corporation status for businesses. It applies to taxable years beginning after December 31, 2025.

The Affordable Housing Credit Improvement Act of 2025 aims to increase affordable housing options by updating state housing credit formulas, refining tenant eligibility rules, and improving credit eligibility and determination. This includes adjusting income verification processes, modifying student occupancy rules, and protecting domestic abuse victims. The bill also focuses on Native American and rural assistance by addressing housing needs in Indian areas and streamlining income eligibility for rural projects. Additionally, it revises rules for exempt facility bonds and renames the "low-income housing tax credit" to the "affordable housing tax credit" while encouraging data sharing and discouraging discriminatory land use policies.

The "Anti-CBDC Surveillance State Act" prohibits Federal Reserve Banks from offering financial products or services directly to individuals, maintaining accounts for individuals, or issuing a central bank digital currency (CBDC) directly or indirectly. It also blocks the Federal Reserve from testing, creating, or implementing a CBDC, or using it to implement monetary policy, without explicit congressional authorization. The bill clarifies that these restrictions do not apply to digital versions of the dollar that are open, permissionless, and private, like physical currency.

The "Freedom of Association in Higher Education Act of 2025" aims to protect students' rights to freely associate in single-sex organizations at higher education institutions. It prevents these institutions from taking adverse actions against students or organizations based solely on their single-sex status. The Act ensures fair treatment and equal opportunities for students participating in these groups, safeguarding their freedom of association.

The "Reentry Act of 2025" amends Title XIX of the Social Security Act to allow states to provide Medicaid coverage to inmates in the 30 days before their release. It also requires the Medicaid and CHIP Payment and Access Commission to submit a report to Congress analyzing health and safety standards in correctional facilities, the impact of this change, and recommendations for further action.

This bill directs the Library of Congress to modernize the publication of the "Constitution Annotated" by replacing hardbound versions with free digital versions available to the public and Congress. It requires the Library of Congress to produce digital versions of the "Constitution Annotated" every ten years and digital supplements in odd-numbered years. This shift aims to make the resource more cost-effective, efficient, and accessible.

The COMPLETE Care Act aims to improve access to behavioral healthcare by providing financial incentives for integrating these services into primary care settings through Medicare. It increases Medicare payments for specific behavioral health services provided in primary care settings from 2027-2029 and requires the Secretary of Health and Human Services to offer technical assistance to primary care practices integrating behavioral health services. The bill allocates funding from 2025 through 2029 to support these technical assistance efforts.

The Rural Veterinary Workforce Act amends the Internal Revenue Code to include loan repayments or loan forgiveness programs aimed at increasing access to veterinary services, specifically those under the National Agricultural Research, Extension, and Teaching Policy Act of 1977. This change applies to taxable years beginning after December 31, 2025.

The "Unfair Tax Prevention Act" modifies tax rules to target foreign-owned entities operating in extraterritorial tax regimes, treating them as applicable taxpayers and disallowing certain tax benefits. It defines "foreign-owned extraterritorial tax regime entity" and "extraterritorial tax" to specify which entities are subject to these changes. This act aims to prevent base erosion and tax avoidance by these entities. The changes will be effective for taxable years beginning after the enactment date of this Act.