Legislative Activity

This bill, the Ending the Carried Interest Loophole Act, fundamentally changes how partnership interests received as compensation—often by investment managers—are taxed. It redefines the valuation of these interests and introduces a new mechanism that generally requires the income to be treated as ordinary income rather than long-term capital gains. The legislation aims to eliminate preferential tax treatment for compensation derived from investment or asset development businesses.

The Stop CHEATERS Act aims to prevent tax avoidance by large corporations and high-income individuals. It provides significant, multi-year appropriations to the IRS for increased enforcement, improved taxpayer services, and technology modernization. Furthermore, the bill mandates regular reporting from the IRS and the Treasury Inspector General to Congress detailing efforts to audit high-earners and large businesses.

The Millionaires Surtax Act establishes an additional 10% tax on high-income individuals. This surcharge applies to modified adjusted gross income exceeding \$1 million for most filers, or \$2 million for married couples filing jointly, beginning in tax years after December 31, 2026. The calculation specifically excludes investment interest deductions and includes special rules for nonresident aliens and U.S. citizens living abroad.

The Keep Public Funds in Public Schools Act repeals federal tax incentives that encourage private donations to scholarship granting organizations. Specifically, it eliminates the tax credit for contributions and the exclusion of certain scholarship amounts from gross income. This legislation aims to redirect financial support toward public education systems.

The Mental Health in Aviation Act of 2025 directs the FAA to establish a committee to review and recommend updates to policies regarding the medical certification of pilots and air traffic controllers with mental health conditions. The bill mandates regulatory updates to encourage aviation personnel to seek mental health care without fear of penalty. Furthermore, it allocates funding to enhance the FAA's capacity to process reviews and launches a public campaign to reduce mental health stigma within the industry.

The Veterans Health Administration Novel Therapeutics Preparedness Act establishes a dedicated Office of Novel Therapeutics to research, evaluate, and implement emerging mental health treatments for veterans. This office will develop national clinical standards, safety protocols, and training programs to prepare the VA for the potential adoption of innovative therapies, including FDA-reviewed psychedelic-assisted treatments. By creating a Clinical Implementation Program and designated Centers of Excellence, the bill ensures the VA is strategically prepared to provide veterans with safe, high-quality access to cutting-edge mental health care.

The Native American Housing Assistance and Self-Determination Modernization Act of 2026 comprehensively updates federal housing laws for Native Americans, Native Hawaiians, and Alaska Natives. This bill aims to increase tribal flexibility in using technical assistance and procurement funds while streamlining environmental review requirements for housing projects. It also establishes new rental assistance programs for homeless veterans and creates pilot programs to address homelessness in tribal and Native Hawaiian communities. Finally, the Act reauthorizes key funding mechanisms and establishes a formal Tribal Intergovernmental Advisory Committee within HUD.

The Combating Illicit Xylazine Act formally defines xylazine and immediately places it into Schedule III of the Controlled Substances Act. This legislation establishes specific rules for the legitimate veterinary use and possession of xylazine while mandating enhanced tracking and requiring the Sentencing Commission to review penalties for related offenses. Furthermore, the bill directs the Attorney General to report to Congress on the prevalence and impact of illicit xylazine use.

The Main Street Depositor Protection Act establishes a new federal insurance program for noninterest-bearing transaction accounts at community banks and credit unions. This legislation provides coverage for these accounts up to $5 million, separate from standard deposit insurance limits, to enhance financial stability for businesses and individuals. Small institutions are granted a 10-year exemption from special assessments to support this transition.

The Gaining Meaningful Experiences from Service (GAMES) Act expands access to military adaptive sports programs for veterans. By removing the one-year post-separation application deadline, the bill ensures that more veterans can participate in these beneficial athletic programs regardless of how long they have been out of service.

The Carlton H. Ingram Veterans’ Benefits Protection Act ensures that the Department of Veterans Affairs disregards the beneficial effects of medication or treatment when determining a veteran’s disability rating. By establishing a baseline based on the veteran's condition without such interventions, the bill aims to provide a more accurate assessment of service-connected disabilities. Additionally, it protects a veteran's right to seek compensation for new or aggravated conditions resulting from medical treatment.

The Fair Prices for Local Businesses Act amends the Clayton Act to strengthen protections against price discrimination for both products and services. The bill expands the scope of prohibited discriminatory practices, limits traditional legal defenses for sellers, and simplifies the process for small businesses to recover damages in private lawsuits.

The Baltic Security Assessment Act of 2026 reaffirms the United States' commitment to the security and strategic partnership of Estonia, Latvia, and Lithuania. The bill mandates a comprehensive report from the Secretary of State and Secretary of Defense to analyze emerging regional threats and provide recommendations for strengthening deterrence, cybersecurity, and democratic resilience in the Baltic region.

This resolution honors the historic and contemporary contributions of American Indian, Alaska Native, and Native Hawaiian women across all sectors of society, including military service, business, science, and public leadership. It celebrates their resilience and vital role in shaping the nation while calling for continued investment to address the unique challenges they face.

The "Love Lives On Act of 2025" modifies eligibility rules for Dependency and Indemnity Compensation (DIC) and Survivor Benefit Plan (SBP) payments for surviving spouses who remarry. It allows remarried surviving spouses to receive certain educational benefits and DIC, and it continues annuity payments to surviving spouses who remarry, particularly those whose spouses died on active duty. Additionally, the Act expands the definition of "dependent" under the TRICARE program to include remarried widows or widowers whose subsequent marriage has ended.

The Tariff Refunds for Working Families Act proposes using revenue from specific foreign import tariffs to provide direct tax relief to eligible households. The bill establishes a refundable tax credit of $600 per adult and qualifying child, with advance payments scheduled to begin in 2025. This initiative aims to support working families through income-based tax credits while ensuring the funds are distributed efficiently to residents across the U.S. and its territories.

The Fair Wages for Home Care Workers Act amends the Fair Labor Standards Act to ensure home care workers receive essential minimum wage and overtime protections. By narrowing existing exemptions, the bill clarifies that these labor standards apply to professional caregivers, distinguishing them from casual, non-professional babysitting services.

The Working Americans’ Tax Cut Act aims to provide tax relief to low- and middle-income individuals by establishing an alternative maximum tax rate based on cost-of-living exemptions. To offset these reductions, the bill introduces a progressive tax surcharge on high-income earners. These changes are slated to take effect for tax years beginning after December 31, 2025.

This joint resolution directs the President to remove United States Armed Forces from unauthorized hostilities within or against Cuba. It asserts Congress’s constitutional authority over war powers, noting that no formal declaration or statutory authorization for such military action currently exists. The bill ensures that any ongoing military engagement in the region must be explicitly authorized by Congress, while maintaining the right to self-defense and lawful counternarcotics operations.

The Failed Bank Executives Clawback Act mandates that executives and controlling stakeholders of large failed banks (with assets over $10 billion) return up to three years of compensation to the FDIC. This legislation ensures accountability by requiring recovered funds to be deposited into the Deposit Insurance Fund. Additionally, it clarifies the FDIC's authority to oversee the orderly liquidation of failed financial companies.