Legislative Activity

The Oligarch Act of 2025 establishes a new federal Wealth Tax applied annually to the net worth of high-net-worth individuals and trusts. This tax features progressive rates ranging from 2% to 8% based on the taxpayer's net worth relative to a dynamic threshold amount. The legislation mandates rigorous valuation rules and includes specific enforcement mechanisms, such as required audits and enhanced penalties for significant asset undervaluation.

The Abolish Super PACs Act seeks to curb the influence of large, unlimited political donations by imposing new contribution limits on independent expenditure committees (Super PACs). Congress finds that uncapped spending has led to the appearance of corruption and damaged public trust in elections. This legislation aims to reduce the potential for corrupt deals and restore faith in the fairness of federal campaigns.

This bill recognizes and celebrates the 112th anniversary of Delta Sigma Theta Sorority, Incorporated, the largest African-American Greek letter sorority. It acknowledges the sorority's commitment to community support, academic excellence, and global impact through its various initiatives and programs. The bill also highlights the sorority's active role in promoting political awareness and involvement.