Legislative Activity

The FinCEN Oversight and Accountability Act of 2025 increases congressional oversight of FinCEN, mandates transparency of FinCEN's controlling documents, requires the FinCEN director to testify before Congress every 10 years, and requires FinCEN to hold a yearly small business working group.

The "Lead by Example Act of 2025" mandates that, beginning January 3, 2027, Members of Congress and their staff must receive healthcare through the Department of Veterans Affairs (VA). It requires the Secretary of Veterans Affairs and the Director of the Office of Personnel Management to submit a plan to Congress by September 15, 2025, outlining the implementation of this change. This plan will include any necessary legislative actions to ensure the transition.

The Prohibition on IOER Act of 2025 amends the Federal Reserve Act to prohibit Federal Reserve Banks from paying interest on surplus reserve balances held for a depository institution. This means that the Federal Reserve Banks can only pay interest on required reserve balances.

The "Fair Representation Amendment" requires congressional committees to propose changes that limit the Executive Branch's discretionary power. These proposals are then submitted to the Committee on Oversight and Government Reform, who must create and report the "Article One Restoration Act" based on the committee's suggestions. This act aims to reassert congressional authority.

The People CARE Act aims to reform federal welfare programs by integrating program functions, streamlining operations to help individuals transition off welfare, and boosting employment to help households maintain income above the poverty level. It establishes the People-Centered Assistance Reform Effort Commission (CARE Commission) to review means-tested welfare programs and recommend changes to Congress, including potential program consolidations and cost-saving measures. The Commission is tasked with identifying ways to reduce costs, increase efficiency, eliminate benefit cliffs, and evaluate program effectiveness. The bill also establishes expedited procedures in Congress for consideration of the Commission's recommendations.

The HEALTH Act establishes a new House Committee on Health to oversee biomedical research and development, healthcare supported by tax revenue, and public health issues. This act also adjusts the jurisdictions of the Committee on Education and the Workforce and the Committee on Energy and Commerce to reflect these changes.

The Keep Your Coins Act of 2025 prevents federal agencies from restricting individuals using convertible virtual currency (digital currency) for personal transactions. It ensures individuals can use self-hosted wallets or other methods to maintain control over their digital assets for any lawful transaction. This protects the right of individuals to use digital currencies to purchase goods and services for personal use.

The Risk Disclosure and Investor Attestation Act amends the Securities Act of 1933, allowing individuals who attest they understand the risks of investing in private issuers to be considered accredited investors. This is achieved through a form, no longer than two pages, created by the Securities and Exchange Commission (SEC). The SEC must issue rules and establish this form within one year of the Act's enactment.