Legislative Activity

The "Grown in America Act of 2025" introduces a tax credit for businesses that use domestic agricultural commodities in their products for human consumption. This credit, capped at $100,000,000, aims to incentivize the use of U.S.-produced agricultural inputs by offering a tax benefit based on the percentage of domestic agricultural commodities used. The percentage of domestic inputs required to receive the full credit increases over time, with the Secretary of Agriculture maintaining a list of agricultural commodities that cannot be produced domestically. These provisions will be effective for taxable years starting after December 31, 2025.

The "Rural Health Innovation Act of 2025" aims to improve healthcare access in rural areas through two grant programs. The first program supports the establishment and maintenance of rural health centers and clinics, providing urgent care and triage services. The second program enhances the capabilities of rural health departments by funding equipment, staffing, and community outreach. Both programs are authorized to be appropriated $25,000,000 each fiscal year from 2026 through 2030.

The "Investing in Our Communities Act" modifies the rules for advance refunding bonds, placing limitations on the number of advance refundings, redemption timelines, and investments in higher-yielding securities. It also introduces measures to prevent abusive transactions designed to gain financial advantages beyond interest rate savings. These changes aim to refine the use of advance refunding bonds while ensuring responsible financial practices.

The Small Business Investment Act of 2025 modifies the rules for qualified small business stock, making it easier for investors to exclude gains from their sale. The holding period requirement is reduced from five to three years, and the holding period of convertible debt instruments can be included. The Act broadens eligibility for the exclusion by removing the C corporation requirement and clarifying rules for S corporations.

The Rural America Health Corps Act establishes a demonstration program to repay student loans for healthcare professionals who commit to working full-time for five years in rural areas with healthcare shortages. Participants can receive up to $200,000 in loan repayment assistance. The program aims to improve healthcare access in underserved rural communities. It authorizes $50,000,000 to be appropriated each fiscal year from 2026 through 2030 to carry out this section.

The Hatchie River Wild and Scenic River Study Act of 2025 directs the Secretary of the Interior to evaluate a 163-mile segment of the Hatchie River in Tennessee for potential designation under the National Wild and Scenic Rivers System. This study will assess the river's eligibility and explore collaborative management opportunities with state and local stakeholders. The findings and recommendations must be reported to Congress within three years of the study's funding.

The Protecting American Savers and Retirees Act proposes the repeal of the federal excise tax on corporate stock repurchases. If enacted, this change would take effect for taxable years beginning after December 31, 2024.

The Stop Corrupt Iranian Oligarchs and Entities Act requires the U.S. Treasury to produce a comprehensive report identifying key Iranian political figures, oligarchs, and state-affiliated entities. This report will assess their financial networks, their exposure within U.S. economic sectors, and the potential impact of imposing further sanctions or financial restrictions. The legislation aims to increase transparency regarding the wealth and influence of Iran's ruling elite.

The Preserving Safe Communities by Ending Swatting Act of 2025 strengthens federal law to combat "swatting" by increasing criminal penalties for those who knowingly report false information to trigger emergency responses. The bill also establishes civil liability, requiring perpetrators to reimburse public safety agencies and organizations for the costs incurred during these emergency deployments.