Legislative Activity

This joint resolution seeks to overturn a Bureau of Consumer Financial Protection decision that withdrew protections for active-duty servicemembers and their dependents. By disapproving this withdrawal, the resolution aims to restore the original rule governing examinations for risks to military families.

The Foreign Stablecoin Transparency Act mandates that large foreign payment stablecoin issuers with over $50 billion in outstanding assets provide greater financial accountability. Under this bill, these issuers must produce audited annual financial statements that adhere to generally accepted accounting principles and Public Company Accounting Oversight Board standards. This legislation ensures increased transparency and oversight for major foreign entities operating within the stablecoin market.

The Predatory Lending Elimination Act amends federal law to apply the Military Lending Act's 36% interest rate cap (MAPR) to most consumer credit transactions. This new restriction generally excludes residential mortgages and specific auto loans, while preserving stronger state consumer protection laws. The Consumer Financial Protection Bureau is tasked with issuing implementing rules within one year.

The Rebuild America’s Schools Act of 2026 establishes major federal funding streams, primarily through grants and tax-credit bonds, to modernize and repair public school facilities nationwide. This legislation prioritizes improvements focused on health, safety, and energy efficiency, directing significant resources toward districts serving low-income students. The Act also mandates transparency through public reporting and requires local districts to develop long-term facility master plans.

The Affordable Housing and Homeownership Protection Act of 2026 establishes a tiered tax on large investors who purchase single-family homes. Revenues generated from this tax will be allocated to bolster the Housing Trust Fund and the Capital Magnet Fund. Additionally, the bill modifies the minimum funding formula for small states within the Housing Trust Fund.

The Preserving Homes and Communities Act of 2026 establishes strict requirements for the sale of non-performing and re-performing single-family mortgage loans held by FHA, Fannie Mae, and Freddie Mac. This bill prioritizes sales to government entities and nonprofits to promote affordable housing and neighborhood stabilization. Purchasers must adhere to robust loss mitigation standards, and the legislation includes new data reporting requirements and penalties for noncompliance.

The Buy Now, Pay Later Protection Act of 2025 extends key consumer protections from the Truth in Lending Act, such as clear disclosures and billing error rights, to "buy now, pay later" loans. This legislation also grants consumers the right to dispute merchant-related issues directly with the loan provider under certain circumstances. Furthermore, the bill places lenders offering these services under the direct supervision of the Consumer Financial Protection Bureau (CFPB).

The Building Resilience and Stronger Communities Act aims to enhance disaster preparedness by adjusting federal cost-sharing for small and critical facility mitigation projects, increasing it to at least 90%. The bill mandates FEMA funding for certain hazard mitigation measures following major disasters and establishes required minimum and maximum funding levels for predisaster mitigation assistance for public infrastructure. Furthermore, it grants Indian Tribes direct access to hazard mitigation assistance programs.

The Right to Read Act of 2025 aims to strengthen literacy and information access by defining and supporting "effective school libraries" staffed by certified librarians. It amends federal education law to require states and districts to ensure equitable access to these libraries, culturally diverse materials, and evidence-based reading instruction for all students. The bill also authorizes new funding for literacy programs and establishes national data collection on school library resources. Finally, it provides liability protections for school staff acting on established right-to-read policies and affirms students' First Amendment rights within school libraries.

The Corporate Governance Fairness Act amends the Investment Advisers Act of 1940 to establish specific regulations for proxy advisory firms. This legislation defines these firms and subjects them to registration requirements with the SEC. The Act mandates that the Commission conduct periodic examinations of these firms' records, focusing on conflicts of interest and the accuracy of their statements. Finally, it requires the SEC to report periodically to Congress on the adequacy of investor protections related to proxy advisory services.

The Stronger Enforcement of Civil Penalties Act of 2025 significantly increases civil money penalties across major securities laws for violations involving fraud or reckless disregard. This legislation establishes new, higher penalty tiers, including amounts based on financial gain or victim losses. Furthermore, the bill introduces a punitive "fourth tier" that triples standard fines for repeat securities fraud offenders within five years of a prior conviction or settlement. Finally, it clarifies that continuous violations of court injunctions or SEC bars count as separate, daily offenses to ensure stricter accountability.

The PCAOB Enforcement Transparency Act of 2025 modifies the Public Company Accounting Oversight Board's (PCAOB) procedures regarding enforcement actions. This bill mandates that PCAOB public hearings will be open to the public by default, requiring an active decision to close them. Additionally, it removes a specific requirement for the PCAOB to publish certain enforcement determinations.

This resolution expresses support for designating the week of September 14 through 20, 2025, as National Adult Education and Family Literacy Week. It highlights the urgent need to improve basic reading, math, and digital skills for millions of U.S. adults to boost the economy and improve individual well-being. The bill encourages communities and organizations to support vital adult education and family literacy programs.

This resolution officially designates September 2025 as National Literacy Month to raise awareness about the critical importance of reading skills. It highlights the significant national challenges in literacy rates and the economic costs associated with low literacy. The measure calls upon all sectors of society to observe the month by promoting evidence-based reading programs and activities.

This resolution designates August 16, 2025, as "National Airborne Day" to honor the history and bravery of U.S. airborne forces. It specifically recognizes the service of combat parachutists, air assault forces, and special operations warriors across all conflicts. The day serves as an expression of national gratitude for the thousands who have served in these elite units.

The Strengthening Local Food Security Act of 2025 establishes a new federal program to fund local and state governments in purchasing food directly from local producers. These governments will then distribute the food to local schools and organizations serving hungry populations, prioritizing underserved communities. The program mandates specific funding allocations for Tribal governments and requires that at least 51% of purchased food comes from small, mid-sized, or underserved producers within a 400-mile radius. Funding is provided through mandatory appropriations and Commodity Credit Corporation funds to supplement, not replace, existing local food relief efforts.

This resolution expresses support for designating May 17, 2025, as "DIPG Pediatric Brain Cancer Awareness Day." The measure aims to raise public awareness about Diffuse Intrinsic Pontine Glioma (DIPG), a devastating childhood cancer with limited treatment options. Furthermore, it encourages increased research efforts and support for affected children and their families.

The Homebuyers Privacy Protection Act restricts how consumer reporting agencies can share your credit report when you are seeking a residential mortgage loan. Specifically, it limits the sharing of these reports unless they are connected to a firm offer of credit or are being sent to parties directly involved in your current mortgage, such as the originator or servicer. This ensures that your sensitive financial information is only accessed by relevant parties during the home loan process.

This bill establishes new rules for providing federal compensation to very large egg producers following avian influenza outbreaks. To qualify for aid, these major entities must agree to temporarily halt stock buybacks and dividend payments for two years. Publicly traded or private equity-owned companies face additional certification requirements proving financial necessity, with severe penalties, including prison time, for false claims.

This bill amends budget rules to explicitly prohibit making changes to Medicare and Medicaid through the budget reconciliation process. It updates existing law to ensure these major health programs are treated the same as other entitlement programs under special budget procedures. The goal is to safeguard Medicare and Medicaid from being altered using this fast-track legislative method.