Legislative Activity

This resolution expresses gratitude to the families of first responders who died in the line of duty, known as Gold Shield Families. It recognizes the profound sacrifice made by these families and calls upon local communities to support the nonprofit organizations that provide them with essential resources and aid during their time of need. The bill emphasizes the nation's ongoing commitment to honoring both the fallen heroes and their surviving loved ones.

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 CHOICE for Veterans Act of 2025 aims to overhaul how veterans receive assistance with their Department of Veterans Affairs (VA) benefit claims. It establishes new rules for the recognition, fees, and conduct of agents and attorneys who represent veterans. The bill also mandates increased transparency regarding available assistance and requires a review of the entire representative recognition process.

The **Shipbuilding and Harbor Infrastructure for Prosperity and Security for America Act of 2025** is a comprehensive bill designed to revitalize the U.S. maritime industry and secure critical supply chains. It establishes new centralized oversight for maritime policy, creates a dedicated Maritime Security Trust Fund financed by new vessel taxes, and mandates significant federal investment in domestic shipbuilding and workforce development. The legislation also imposes stricter cargo preference rules and tax incentives to ensure U.S.-flagged vessels dominate international commerce and defense sealift operations.

The Ensuring Community Access to Pharmacist Services Act expands Medicare Part B coverage to include services provided by pharmacists starting January 1, 2026. This coverage is specifically for testing or treatment related to COVID-19, the flu, RSV, strep throat, or during a declared public health emergency. The bill outlines payment structures, generally covering 80% of the cost, and prohibits pharmacists from balance billing Medicare patients for these covered services.

The Historic Tax Credit Growth and Opportunity Act of 2025 significantly enhances historic rehabilitation tax incentives. It establishes a permanent 20% credit rate for qualified expenditures and introduces an optional 30% credit for smaller projects, which includes the ability to transfer the credit. Furthermore, the bill simplifies calculations by eliminating the requirement to reduce the property's basis when claiming the credit.

The IRA Charitable Rollover Facilitation and Enhancement Act of 2025 removes the current restriction preventing individuals from making direct charitable rollovers from their Individual Retirement Accounts (IRAs) to Donor Advised Funds (DAFs). This change immediately allows IRA owners to transfer retirement assets directly to DAFs for charitable purposes. The bill simplifies and enhances charitable giving options for IRA holders.

The Neighborhood Homes Investment Act establishes a new federal tax credit designed to close the financing gap hindering the construction and rehabilitation of affordable starter homes in distressed communities. This credit incentivizes developers to build or substantially renovate housing in specific low-income census tracts and sell it affordably to qualified moderate-income homeowners. State agencies will manage the allocation of these credits, ensuring projects meet affordability standards and promoting revitalization in struggling neighborhoods.

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 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 Affordable Housing Credit Improvement Act of 2025 updates federal housing tax credit allocations to reflect current economic realities and boosts minimum state allotments. It reforms tenant eligibility rules to stabilize tenancy and enhance protections for vulnerable residents, including victims of abuse. The bill also provides disaster relief for property owners, increases incentives for housing the extremely low-income, and directs greater resources toward Native American and rural housing needs. Finally, it streamlines administrative processes and signals a future focus on data transparency and discouraging restrictive local zoning.

The Small Business Tax Fairness and Compliance Simplification Act aims to provide tax relief and compliance clarity for the beauty service industry. It extends the employer Social Security tax credit for tips to beauty establishments and creates a new IRS audit "safe harbor" for employers who properly train staff and track tips. Additionally, the bill introduces new information reporting requirements for businesses that rent space to multiple beauty service providers.

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.

This bill mandates the immediate rescission of specific waivers and licenses that previously allowed certain international money transfers related to Iran. It explicitly prohibits the President from reissuing similar permissions or granting new licenses that would allow the Iranian government access to restricted financial accounts. In essence, this legislation closes specific financial pathways previously opened concerning Iran.

The No Iranian Energy Act aims to strengthen U.S. policy by explicitly targeting Iran's growing natural gas industry with sanctions. This bill amends existing law to ensure that sanctions apply to the sale, supply, or transfer of Iranian natural gas. The legislation reflects Congress's intent to restrict Iran's energy sector activities.

The Secure Family Futures Act of 2025 modifies tax treatment for certain debt holdings of applicable insurance companies, excluding specific debt instruments from being treated as capital assets for tax purposes. Additionally, this Act extends the capital loss carryover period to 10 years for specified losses incurred by these insurance companies. These changes apply only to transactions occurring after December 31, 2025.

The Recovery of Stolen Checks Act allows taxpayers whose original IRS refund check was lost or stolen to elect to receive the replacement refund via direct deposit. This change aims to provide a faster and more secure method for taxpayers to receive their rightful funds. The Treasury Secretary is required to establish the necessary procedures for this option.

The SHORT Act aims to reform federal firearms regulations by redefining what constitutes a "firearm" for tax purposes, largely excluding antique or collector's items. It eliminates disparate federal treatment for short-barreled rifles and shotguns used lawfully and preempts state and local governments from imposing special taxes or registration requirements on these specific weapons. Furthermore, the bill mandates the destruction of certain existing federal registration and transfer records related to defined firearms.

The Unfair Tax Prevention Act amends the Base Erosion and Anti-Abuse Tax (BEAT) rules to specifically target certain U.S. companies connected to foreign tax systems operating outside their direct jurisdiction. These "foreign-owned extraterritorial tax regime entities" will now be automatically subject to BEAT, with specific exceptions removed and a portion of their cost of goods sold automatically treated as a base erosion benefit. This legislation aims to close loopholes related to complex, indirect foreign ownership structures.

The Revitalizing Downtowns and Main Streets Act establishes a new 20% federal tax credit for converting eligible, older commercial buildings into affordable housing. This incentive aims to increase housing supply by requiring that at least 20% of the converted units remain rent-restricted for low-income residents for 30 years. State agencies will allocate these credits, which are subject to a national cap of $12 billion, based on approved plans prioritizing financially necessary projects.