Legislative Activity

The ALIGN Act makes 100% expensing for qualified property permanent, applying to property placed in service after September 27, 2017. This amends sections of the Internal Revenue Code to reflect the change as if it were part of previous tax legislation.

The Strengthening Pathways to Health Professions Act aims to encourage more individuals to enter the healthcare field by providing significant tax relief. This bill specifically makes certain loan repayments and scholarships received through various Public Health Service and state programs tax-free income. These changes apply to programs designed to increase the number of health professionals serving in underserved areas.

The "Chiropractic Medicare Coverage Modernization Act of 2025" seeks to modernize Medicare coverage for chiropractic services. It expands coverage to include all services provided by licensed Doctors of Chiropractic, not just manual spinal manipulation. Doctors of Chiropractic are required to attend an educational webinar to be eligible for Medicare reimbursement. This aims to align Medicare with other healthcare systems and private insurance in recognizing the full scope of chiropractic care.

The Offshore Lands Authorities Act of 2025 nullifies previous presidential actions that withdrew unleased offshore lands from mineral leasing and limits the president's authority to withdraw such lands in the future. It sets acreage and time limits on withdrawals, mandates resource assessments and congressional notification, and establishes a process for Congress to disapprove withdrawals. The Act prioritizes resource assessments of withdrawn lands, emphasizing economic, energy, and national security value, and ensures withdrawals do not conflict with scheduled lease sales.

The "Permanent Tax Cuts for American Families Act of 2025" makes permanent the increased standard deductions, raising them to $18,000 for single filers and $12,000 for married filers. These amounts will be adjusted for inflation using the Consumer Price Index (CPI). This change applies to taxable years starting after the law is enacted.

This bill amends the Internal Revenue Code to increase the railroad track maintenance credit from $3,500 to $6,100, adjusting for inflation after 2025. It applies to qualified expenditures starting January 1, 2024, for taxable years beginning after December 31, 2024.

The United States-Taiwan Expedited Double-Tax Relief Act aims to reduce double taxation and encourage economic activity between the U.S. and Taiwan by lowering tax rates on certain income for Taiwanese residents and businesses in the U.S., contingent upon Taiwan offering reciprocal benefits to U.S. individuals and companies. Additionally, the United States-Taiwan Tax Agreement Authorization Act outlines the process for establishing a tax agreement with Taiwan, ensuring congressional oversight and adherence to existing U.S. tax laws, to further reduce double taxation.

The "Repealing Big Brother Overreach Act" repeals the Corporate Transparency Act, eliminating the requirement for companies to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). It also makes necessary technical adjustments to Title 31 of the United States Code, specifically sections related to financial recordkeeping and reporting of currency and foreign transactions, to reflect the repeal.

The FAIR PREP Act of 2025 prohibits the Treasury Secretary from preparing tax returns or refund claims, including through IRS-run electronic services, with exceptions for qualified programs like the IRS Free File Program. It defines "prepare" and "electronic tax preparation service" to clarify the scope of the prohibition, which applies to returns filed more than 30 days after enactment. The Act also restricts the Treasury Secretary from spending funds on developing or operating electronic tax preparation services without explicit authorization from a new law.

The "Protection of Women and Girls in Sports Act of 2025" amends Title IX to prohibit schools receiving federal funds from allowing males to participate in female athletic programs. Sex is defined as based on reproductive biology and genetics at birth. The bill allows males to train with female teams if it doesn't deprive females of opportunities. It also requires a study on the benefits lost to women when males participate in female sports.

The "Travel Trailer and Camper Tax Parity Act" amends the tax code to include certain travel trailers and campers in the definition of "floor plan financing." This change, applicable for taxable years after 2024, allows businesses that finance these vehicles as inventory to deduct interest expenses, aligning their tax treatment with that of other vehicles.

The COAL Act of 2025 aims to expedite the approval process for certain pending coal lease applications and mining operations. It mandates the Secretary to promptly publish environmental assessments, determine fair market value, and approve these applications. Additionally, the act requires the Secretary to grant approvals necessary for already-awarded coal leases to commence mining. Finally, the act nullifies Secretarial Order 3338, which had impacted the Federal coal leasing program.

The Regulations from the Executive in Need of Scrutiny (REINS) Act of 2025 aims to increase Congressional oversight of federal regulations by requiring Congressional approval for any "major rule" (defined as having an economic impact of at least $100 million) before it can take effect. The Act also mandates federal agencies to publish detailed information supporting a rule and requires the Comptroller General to report on each major rule. It also directs the Comptroller General to study and determine the number of rules in effect, the number of major rules in effect, and the total estimated economic cost of all these rules and submit a report to Congress with the study's findings within one year of the Act's enactment.

The FIND Act prohibits federal agencies from contracting with entities that discriminate against the firearm and ammunition industry. It requires federal contractors to certify they do not discriminate against firearm entities and prohibits them from awarding subcontracts to entities that do not provide a similar certification. Violations of these clauses will result in contract termination. The act defines "discriminate" as making judgments or refusing/limiting services based on biased criteria, rather than case-by-case evaluations, empirical data, financial risk, or legal non-compliance.

The TCJA Permanency Act makes permanent several tax provisions that were enacted as part of the 2017 Tax Cuts and Jobs Act (TCJA) and were set to expire. These provisions include modifications to individual income tax rates and brackets, the standard deduction, the child tax credit, and the estate and gift tax exemption. The act also increases the exemption for the Alternative Minimum Tax (AMT) and adjusts the phase-out thresholds. Additionally, it includes various changes affecting deductions, credits, and exclusions for individuals, families, businesses, and estates.

The "Family and Small Business Taxpayer Protection Act" rescinds any unspent funds that were previously allocated to the IRS. These funds were intended for specific activities outlined in section 10301 of Public Law 117-169. The rescission is effective from the date of the enactment of this act.