Legislative Activity

This bill disapproves of a National Park Service rule concerning motor vehicle usage within Glen Canyon National Recreation Area. By disapproving the rule, the bill prevents the National Park Service's motor vehicle regulation from taking effect.

The "Promotion and Expansion of Private Employee Ownership Act of 2025" aims to promote and expand employee ownership, particularly through S corporation employee stock ownership plans (ESOPs). It includes provisions for tax deferrals on certain stock sales to ESOPs, establishes a Treasury Department office to provide technical assistance for S corporations interested in employee ownership, amends the Small Business Act to support ESOP-owned small businesses, and creates an Advocate for Employee Ownership within the Department of Labor to support and promote employee ownership initiatives. This act seeks to encourage employee ownership by providing resources, removing barriers, and ensuring representation for employee ownership interests within the government.

The "Miracle on Ice Congressional Gold Medal Act" authorizes the presentation of three Congressional Gold Medals to honor the 1980 U.S. Olympic Men's Ice Hockey Team for their historic "Miracle on Ice" victory. These medals will be given to the Lake Placid Olympic Center, the United States Hockey Hall of Fame, and the US Olympic and Paralympic Museum for public display. The Act also allows for the creation and sale of bronze duplicates to fund the medal production.

The "Adoption Tax Credit Refundability Act of 2025" makes the adoption tax credit refundable, allowing more families to benefit from it. It redesignates the adoption tax credit from section 23 to 36C within the Internal Revenue Code. The bill also allows excess credit from the previous tax year under the old section to be added to the credit allowed under the new section for the first applicable tax year. These changes will apply to taxable years beginning after December 31, 2025.

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 "Save Our Sequoias Act" aims to protect giant sequoia groves from wildfires, insects, and drought by streamlining environmental review processes for emergency response projects, establishing a collaborative coalition, and creating a reforestation strategy. This act directs the Secretary to create agreements, assessments, and strike teams to address threats to giant sequoias on both public and National Forest System lands. It also establishes grant programs and amends existing laws to support these efforts, including stewardship contracting and good neighbor agreements. Finally, the act authorizes appropriations for these protection and restoration activities.

The Affordable Housing Credit Improvement Act of 2025 aims to increase affordable housing options by updating state housing credit formulas, refining tenant eligibility rules, and improving credit eligibility and determination. This includes adjusting income verification processes, modifying student occupancy rules, and protecting domestic abuse victims. The bill also focuses on Native American and rural assistance by addressing housing needs in Indian areas and streamlining income eligibility for rural projects. Additionally, it revises rules for exempt facility bonds and renames the "low-income housing tax credit" to the "affordable housing tax credit" while encouraging data sharing and discouraging discriminatory land use policies.

The Moab UMTRA Project Transition Act of 2025 directs the Department of Energy to transfer the Moab site to Grand County, Utah, at no cost, once the Department of Energy has completed sufficient remedial action. Grand County is prohibited from transferring the land to any private entity or nonprofit organization. The Department of Energy will retain necessary water rights to continue fulfilling its responsibilities under the Uranium Mill Tailings Radiation Control Act.

The "Secure Family Futures Act of 2025" modifies the Internal Revenue Code to exclude certain debt instruments held by applicable insurance companies from being treated as capital assets. Additionally, it extends the period for applicable insurance companies to carry forward capital losses from 5 years to 10 years. These changes apply to indebtedness acquired and losses incurred in taxable years beginning after December 31, 2025, respectively.

The "Mining Schools Act of 2025" aims to bolster domestic mining education by establishing a grant program, managed by the Secretary of Energy, to support mining schools in recruiting and educating mining engineers and other professionals. This act awards up to 10 competitive grants each year to enhance programs related to mining, mineral extraction, critical mineral exploration, and reclamation technology. It also establishes a Mining Professional Development Advisory Board to evaluate grant applications and provide recommendations. Finally, the act repeals the Mining and Mineral Resources Research Institute Act of 1984 and states that the implementation of the act is subject to the availability of appropriations.

The "Unfair Tax Prevention Act" modifies tax rules to target foreign-owned entities operating in extraterritorial tax regimes, treating them as applicable taxpayers and disallowing certain tax benefits. It defines "foreign-owned extraterritorial tax regime entity" and "extraterritorial tax" to specify which entities are subject to these changes. This act aims to prevent base erosion and tax avoidance by these entities. The changes will be effective for taxable years beginning after the enactment date of this Act.

The "Revitalizing Downtowns and Main Streets Act" introduces the Affordable Housing Conversion Credit, a tax incentive for converting non-residential buildings into affordable housing units. This credit covers 20% to 35% of qualified conversion costs, depending on the location and project type, with a national cap of $12 billion allocated to states based on population and economic need. To qualify, conversions must meet specific criteria, including affordability requirements and building age, aimed at boosting affordable housing options and revitalizing communities. The credit is transferable and applies to buildings placed in service after the Act's enactment.

The "Constitutional Concealed Carry Reciprocity Act" enables individuals with valid concealed carry permits or the legal right to carry concealed firearms in their home state to do so across state lines, provided they are not federally prohibited from possessing firearms and carry a valid photo ID. This law respects private and state/local government restrictions on firearms, protects individuals from unwarranted arrest, and allows legal action for violations of these rights. It also permits concealed carry in National Parks and other federal lands open to the public and clarifies that handguns include magazines and ammunition.

This bill amends the Internal Revenue Code of 1986 to modify the asset test for taxable Real Estate Investment Trust (REIT) subsidiaries. It increases the allowable percentage of assets a REIT can hold in a taxable subsidiary from 20 percent to 25 percent. This change applies to taxable years starting after December 31, 2025.

This bill extends combat zone tax benefits to members of the U.S. Armed Forces performing services in Kenya, Mali, Burkina Faso, and Chad. It ensures that these service members receive the same tax advantages as if they were serving directly in a designated combat zone. The benefits apply when the service members are eligible for special pay due to hazardous duty in these areas. This adjustment recognizes the risks and sacrifices of military personnel serving in these specific locations.

The "Pandemic Unemployment Fraud Enforcement Act" extends the statute of limitations to 10 years for prosecuting fraud related to specific pandemic unemployment programs. It applies to violations or conspiracies under Title 18 and Title 31 of the U.S. Code and rescinds $5,000,000 from previously allocated funds to offset the budget. The changes made by this law will begin on the date of enactment.

The Military Spouse Hiring Act amends the Internal Revenue Code to include qualified military spouses as eligible for the Work Opportunity Credit, incentivizing employers to hire them. A qualified military spouse is defined as someone certified by a local agency as married to a member of the U.S. Armed Forces. This change applies to amounts paid and individuals starting work after the Act's enactment.

The American Innovation and R&D Competitiveness Act of 2025 modifies the tax treatment of research and experimental expenditures, allowing taxpayers to deduct these expenses in the year they are incurred rather than capitalizing them. This change applies to expenses related to the taxpayer's business and is effective for taxable years beginning after December 31, 2021. The act also includes provisions for electing to treat these expenditures as deferred expenses and updates related sections of the tax code.

The "Saving Gig Economy Taxpayers Act" restores the previous, higher reporting threshold for third-party payment processors, requiring them to report users' income to the IRS only if it exceeds $20,000 and involves more than 200 transactions. This change is retroactive to the American Rescue Plan Act and also introduces a de minimis rule for backup withholding, applicable from 2025, to reduce unnecessary tax reporting for gig workers and small online sellers.

The "Water Conservation Rebate Tax Parity Act" modifies the income exclusion for conservation subsidies, applying to amounts received after December 31, 2021. It includes subsidies from public utilities, state or local governments for water conservation, storm water management, or wastewater management measures for a taxpayer's primary residence. The act defines key terms such as "water conservation or efficiency measure," "storm water management measure," "wastewater management measure," and "public utility".