Legislative Activity

The TAILOR Act of 2025 mandates that federal financial agencies must tailor new regulations to the specific risk profile and business model of the institutions they govern, moving away from a one-size-fits-all approach. It also eases reporting burdens for eligible community banks by allowing for shorter financial reports twice a year. Furthermore, the bill requires federal and state supervisors to report to Congress on modernizing bank supervision practices within 18 months.

The Student Loan Marriage Penalty Elimination Act of 2025 aims to adjust the student loan interest deduction for married couples filing separately. This bill caps the deductible student loan interest at \$2,500 per individual spouse. It ensures that taxpayers cannot claim the same interest amount under multiple deduction provisions.

The Constitutional Hearing Protection Act aims to treat firearm silencers equally under federal tax law by updating definitions and removing certain registration requirements if existing firearm laws are followed. The bill also preempts state and local governments from imposing special taxes or registration burdens on silencers. Furthermore, it mandates the destruction of existing federal records identifying silencer owners within one year of enactment.

The Punishing Illegal Immigrant Felons Act of 2025 significantly increases prison sentences for non-citizens who commit crimes after entering the U.S. illegally or after being previously removed. This legislation mandates substantial minimum prison terms—including an additional five years for illegal entry followed by a felony conviction and a new ten-year minimum for re-entry after deportation coupled with a crime. The bill aims to impose much harsher penalties on undocumented immigrants who commit serious offenses.

The Veterans 2nd Amendment Protection Act restricts the Department of Veterans Affairs from automatically sharing a veteran's information with the DOJ for national background checks solely based on the appointment of a fiduciary. This bill prohibits the VA from classifying a veteran as a "mental defective" based only on an administrative finding of incompetence or the need for a fiduciary. Furthermore, the VA must notify the Attorney General if previously shared information based on fiduciary status is no longer valid.

This bill establishes a permanent advisory committee focused on studying and reporting on the severe financial market fallout that could result from Chinese military aggression toward Taiwan. The committee, composed of market experts and regulators, will advise the Financial Stability Oversight Council on potential economic vulnerabilities. The Council must then issue an annual public report detailing market risks, potential losses, and specific recommendations for regulators to fortify U.S. financial systems against such geopolitical shocks.

The Promotion and Expansion of Private Employee Ownership Act of 2025 aims to significantly boost employee ownership in S corporations through Employee Stock Ownership Plans (ESOPs). The bill extends key tax deferral benefits for stock sales to ESOPs and removes a major restriction on this tax treatment. Furthermore, it establishes new government offices and an Advocate for Employee Ownership to provide technical assistance and resolve disputes, while ensuring ESOP-owned businesses retain small business status for federal programs.

The Business over Ballots Act reaffirms that the Small Business Administration's (SBA) primary mission is solely to support small businesses. This legislation explicitly prohibits the SBA from engaging in or facilitating voter registration activities. Furthermore, it mandates that all new contracts and existing assistance agreements must restrict recipients from using SBA funds for voter registration efforts.

The NFA SBS Act redefines short-barreled shotguns under federal tax law, removing specific restrictions and ensuring they are not treated as destructive devices. This legislation eliminates disparate federal restrictions on these shotguns and preempts state or local laws that attempt to impose special taxes or registration requirements referencing the National Firearms Act. Furthermore, the Act mandates the destruction of specific government records related to the registration and transfer of these shotguns.

This resolution strongly affirms the constitutional right to keep and bear arms under the Second Amendment. It criticizes recent actions by the Biden administration and federal agencies, such as the ATF, for implementing what are viewed as infringements on these freedoms. The resolution commends former President Trump for his past efforts to protect Second Amendment rights against such measures.

The Safeguard American Voter Eligibility Act (SAVE Act) significantly amends federal law to require individuals registering to vote in federal elections to present documentary proof of U.S. citizenship. This legislation mandates that states actively clean their voter rolls and cooperate with federal agencies to verify citizenship status. It establishes new criminal penalties for officials who fail to enforce these documentation requirements.

The Small Bank Holding Company Relief Act mandates the Federal Reserve to raise the asset threshold for qualifying as a "small" bank holding company to \$25 billion. This change will allow larger institutions, up to that new limit, to benefit from regulatory policy treatment previously reserved for smaller entities.

This bill seeks to formally reject a recent rule issued by the Internal Revenue Service (IRS) concerning gross proceeds reporting by brokers for digital asset sales. Through this joint resolution, Congress is exercising its authority to disapprove the specific IRS regulation. Consequently, the proposed reporting requirement will not take effect.

The Pet and Livestock Protection Act mandates the Secretary of the Interior to reissue the 2020 final rule removing the gray wolf from the list of endangered and threatened wildlife within 60 days of enactment. This action is intended to finalize the gray wolf's delisting status. Furthermore, this section prohibits any judicial review of the Secretary's reissued rule.

The Enhanced Iran Sanctions Act of 2025 aims to prevent Iran from obtaining nuclear weapons and countering its support for terrorism by imposing sanctions on those involved in Iran's energy sector and those who provide financial support for its destabilizing activities. It mandates sanctions on foreign entities involved in processing, exporting, or selling Iranian oil, gas, and petrochemicals, while also establishing an interagency working group to coordinate and enforce these sanctions. The Act also amends existing legislation to require the identification of individuals involved in sanctionable activities or sanctions evasion related to Iranian oil and gas sales.

The STABLE Act of 2025 establishes a comprehensive federal framework for regulating payment stablecoins, requiring issuers to maintain 1:1 reserves in safe assets and adhere to strict transparency and anti-money laundering standards. The bill strictly limits issuance to approved entities, whether federally or state-qualified, and clarifies that these dollar-backed digital assets are not considered securities. Furthermore, it mandates robust consumer protection rules, ensuring customer assets are segregated and prioritized in bankruptcy proceedings.

The 1071 Repeal to Protect Small Business Lending Act aims to eliminate the mandatory data collection and reporting requirements for small business loans previously established under Section 704B of the Equal Credit Opportunity Act. Proponents argue that these regulations impose unnecessary compliance costs on lenders, potentially hindering small business access to credit. This bill repeals those specific reporting mandates to reduce regulatory burdens on financial institutions.

The Promoting New Bank Formation Act aims to encourage the creation of new banks by providing regulatory relief for newly insured institutions. This includes a three-year phase-in period for new capital standards and streamlined processes for adjusting initial business plans. The Act also establishes temporary, favorable capital requirements for new rural depository institutions and expands lending authority for Federal savings associations to include agricultural loans. Finally, it mandates a study on barriers to new bank formation, especially in underserved areas.

The Repealing Illegal Freedom and Liberty Excises Act (RIFLE Act) eliminates the existing federal tax on firearm transfers. This legislation strikes the relevant section from the Internal Revenue Code and makes necessary technical updates to related statutes. Importantly, this Act does not grant the Consumer Product Safety Commission any new authority over regulated firearms.

The Maximum Pressure Act dramatically tightens and expands U.S. sanctions against Iran across its military, missile, and economic sectors, codifying existing restrictions and severely limiting the President's authority to grant sanctions relief. It mandates immediate sanctions on top Iranian officials and increases penalties for international parties aiding Iran's weapons programs. Furthermore, the bill enhances oversight by requiring numerous detailed reports to Congress regarding Iran's terrorism financing, nuclear timeline, and economic influence, while also redirecting certain frozen Iranian funds to victims of state-sponsored terrorism.