Legislative Activity

The Revitalizing Investment, Savings, and Entrepreneurship (RISE) Act aims to encourage investment by capping the federal tax rate on a specific portion of adjusted net capital gains at 15 percent. This change modifies existing tax code provisions to provide a lower, predictable rate for certain investment profits.

The Access to Small Business Investor Capital Act amends SEC reporting requirements for certain investment companies. This change allows these companies to exclude the indirect fees and expenses incurred from investing in an Acquired Fund, provided that Acquired Fund is a business development company. This simplifies the calculation of total "Acquired Fund Fees and Expenses" disclosed on registration statements.

The FIGHT Act of 2025 significantly strengthens federal prohibitions against animal fighting ventures, specifically targeting the sponsorship, exhibition, and gambling associated with these events. This legislation clarifies the definition of a rooster for legal purposes and bans the interstate transport of roosters for fighting. Furthermore, it empowers private citizens to file lawsuits against violators, allowing for civil penalties and the potential seizure of property used to facilitate illegal animal fighting.

The SAFE Cities Act establishes a process for the Attorney General to officially designate certain state or local governments as "anarchist jurisdictions" based on their failure to take reasonable steps to stop violence and property destruction. Once designated, these jurisdictions will face restrictions or unfavorable treatment regarding the distribution of federal grants. The criteria focus on local policies that hinder law enforcement's ability to restore order or that involve significant cuts to police funding.

The Community TEAMS Act of 2025 establishes new federal grants to fund partnerships between medical schools and local health facilities in rural and medically underserved communities. These grants aim to expand clinical training opportunities for medical students in high-need areas. The ultimate goal is to encourage these students to establish long-term medical practices within those communities after graduation.

This resolution strongly condemns the recent rise in ideologically motivated attacks targeting Jewish individuals and institutions across the United States, including the violent assault in Boulder, Colorado. The House of Representatives reaffirms its commitment to combating antisemitism and politically motivated violence in all its forms. It calls for thorough investigation and prosecution of such incidents and urges all sectors of society to speak out against hate.

The Financial Institution Regulatory Tailoring Enhancement Act significantly raises key asset thresholds across several major financial regulations from $\$10$ billion to $\$50$ billion. This change reduces the scope of supervision by the Consumer Financial Protection Bureau (CFPB) for many large financial institutions. Furthermore, it adjusts the applicability of the Volker Rule, qualified mortgage definitions, and certain capital requirements.

The Fair Audits and Inspections for Regulators’ Exams (FAIR Exams) Act establishes strict deadlines for federal regulators to complete financial examinations and issue reports. It also creates a new, independent Board to review complaints about examination practices and allows financial institutions to appeal "material supervisory determinations" *de novo*. Furthermore, the bill mandates faster regulatory responses to requests for permission or guidance and strengthens anti-retaliation protections for institutions using appeal rights.

The Bank Failure Prevention Act of 2025 establishes strict, accelerated timelines for federal agencies reviewing applications for bank mergers and holding company changes. This legislation mandates that agencies must either approve or deny applications within 90 days of submission, or the application is automatically approved. The goal is to streamline the regulatory process by imposing clear deadlines for completeness checks and final decisions.

The Improving Seniors’ Timely Access to Care Act of 2025 aims to streamline and modernize the prior authorization process within Medicare Advantage plans. This bill mandates the adoption of electronic prior authorization systems and significantly increases transparency regarding approval rates and decision times starting in 2027. Furthermore, it establishes new enrollee protections and grants the Secretary authority to enforce faster decision timeframes for medical services.

The Retirement Fairness for Charities and Educational Institutions Act of 2025 modifies federal securities laws to update exemptions for 403(b) retirement plans. This legislation clarifies requirements under the Investment Company Act, the Securities Act, and the Securities Exchange Act. The changes generally condition these exemptions on the employer taking on specific fiduciary responsibilities regarding the selection and approval of investment options offered to participants.

The Simplifying Forms for Veterans Claims Act mandates an independent review of all Department of Veterans Affairs (VA) forms sent to claimants to ensure they are clear and easy to understand. The VA Secretary must hire an outside entity to assess these forms and implement recommendations for improvement within a set timeline. Additionally, this bill slightly extends the expiration date for certain limits on veterans' pension payments.

The Insurance Data Protection Act aims to adjust federal regulatory authority over insurance data by limiting the subpoena power of the Office of Financial Research against insurance companies. It also strengthens confidentiality protections for data shared with and held by the Federal Insurance Office and other financial regulators. Furthermore, the bill mandates that financial regulators must seek existing data from other sources before directly collecting information from insurance companies, ensuring data privacy is maintained.

This bill, the Bureau of Consumer Financial Protection Commission Act, restructures the Consumer Financial Protection Bureau (CFPB) by replacing its single Director leadership with an independent, five-member commission appointed by the President and confirmed by the Senate. The legislation updates numerous federal laws to replace references to the "Director" with the "Commission" or "Bureau" to reflect this new governance structure. The commission will oversee the agency's core rulemaking and enforcement authority, with a Chair selected from among its members to manage day-to-day operations.

The Retreaded Tire Jobs, Supply Chain Security and Sustainability Act of 2025 establishes a new federal tax credit for businesses purchasing qualified, domestically retreaded tires through 2028. The bill also mandates that federal executive agencies prioritize purchasing retreaded tires when available through the GSA schedule, rather than buying new ones. These provisions aim to boost domestic jobs, enhance supply chain security, and promote sustainability in the tire industry.

The Lieutenant Osvaldo Albarati Stopping Prison Contraband Act focuses on strengthening penalties for introducing prohibited items, specifically phones, into prisons. It mandates the Director of the Bureau of Prisons to review and update policies concerning prohibited objects to enhance the safety of inmates and staff. This legislation aims to curb contraband flow within correctional facilities.

The Justice for Victims of Illegal Alien Murders Act establishes stricter penalties for certain non-citizens who commit murder in the United States. If an inadmissible or deportable alien is convicted of first-degree murder, they will face the death penalty or life imprisonment. Similar enhanced sentencing, including life imprisonment, applies to those convicted of second-degree murder under these specific immigration grounds.

The Ensuring Lasting Smiles Act mandates that group health plans and insurance policies provide comprehensive coverage for medically necessary treatment related to congenital anomalies or birth defects affecting the eyes, ears, teeth, mouth, or jaw. This coverage must include services needed to restore normal function and appearance, including necessary dental and orthodontic support. Plans must apply cost-sharing rules no more restrictive than those for other medical benefits, excluding purely cosmetic procedures.

This resolution supports designating May 8, 2025, as "National Scam Survivor Day" to raise public awareness about the growing threat of sophisticated scams. It acknowledges the billions lost annually to fraud targeting all age groups, including veterans and seniors. The bill calls for improved consumer education, better use of federal resources, and enhanced law enforcement efforts to combat these criminal operations. Ultimately, it seeks to support survivors and encourage collaboration to prevent future victimization.

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.