Legislative Activity

The Increasing Investor Opportunities Act grants closed-end investment companies greater authority to invest their assets in private funds. This legislation prevents the SEC and national stock exchanges from imposing restrictions solely based on a company's investment in private funds. Importantly, this new flexibility does not alter existing fiduciary duties or requirements related to asset valuation and liquidity management.

The STOP Screwworms Act mandates the establishment of facilities to rear and release sterile New World screwworm flies in high-risk areas to combat infestations. The Secretary of Agriculture must build these modular facilities within 180 days of enactment and provide annual public reports on the threat and control efforts. The bill authorizes up to $300 million to fund these necessary actions.

The Save Healthcare Workers Act aims to protect hospital personnel by making assault against them a federal crime with severe penalties. It also establishes a new federal grant program to help hospitals implement crucial safety measures, such as violence prevention training and physical security upgrades. This legislation seeks to reduce workplace violence in healthcare settings across the nation.

The CFPB Budget Integrity Act limits the amount of unspent funds, or "unobligated balances," the Consumer Financial Protection Bureau (CFPB) can retain to no more than 5% of a specified statutory amount. Any excess savings must be transferred to the Treasury general fund. This legislation also enhances reporting requirements to provide greater transparency regarding the CFPB's retained balances.

The Protecting the Mailing of Firearms Act repeals the federal ban on mailing certain concealable firearms. This legislation also prohibits the U.S. Postal Service from enacting rules that would block or unduly restrict the mailing of firearms, ammunition, or their components. Furthermore, the USPS cannot require sellers to disclose customer records or firearm serial numbers as a condition for mailing these items.

This resolution officially recognizes and supports the goals of San Jacinto Day, commemorating the anniversary of the pivotal Battle of San Jacinto on April 21, 1836. It honors General Sam Houston and the Texan Army for their decisive victory that secured Texas independence from Mexico. The bill emphasizes the enduring legacy of courage and sacrifice from that battle, which continues to inspire pride.

The Accounting STEM Pursuit Act of 2025 officially recognizes accounting education as a vital component of a well-rounded K-12 curriculum. This legislation amends federal education law to ensure accounting is counted within core curriculum planning frameworks. The Act specifically directs states and districts to improve access to quality accounting programs, with a focus on increasing opportunities for underrepresented students.

The Safeguard American Voter Eligibility Act (SAVE Act) significantly amends federal law to require individuals registering to vote in federal elections to present documentary proof of U.S. citizenship. This legislation mandates that states actively clean their voter rolls and cooperate with federal agencies to verify citizenship status. It establishes new criminal penalties for officials who fail to enforce these documentation requirements.

The DRIVE Act prohibits the Federal Motor Carrier Safety Administration from mandating speed limiting devices on heavy commercial vehicles engaged in interstate commerce. This legislation removes any federal requirement for trucks over 26,000 pounds to have their top speed electronically capped. In essence, the bill deregulates restrictions concerning speed control technology for large, cross-state eighteen-wheelers.

The Combating Organized Retail Crime Act aims to combat sophisticated, cross-border criminal organizations driving massive increases in retail and supply chain theft. This bill updates federal laws regarding stolen goods and money laundering to strengthen enforcement tools against these groups. Furthermore, it establishes a new federal Coordination Center within Homeland Security to share intelligence and coordinate efforts between federal, state, and private sector partners. The legislation recognizes that these theft rings often fund other serious criminal activities, threatening national security and the economy.

This bill expresses the disapproval of Congress regarding a recently submitted rule by the Office of the Comptroller of the Currency (OCC) concerning the review of applications under the Bank Merger Act. Through this joint resolution, Congress is formally voiding the OCC's proposed changes to bank merger review procedures. Consequently, the rule published on December 29, 2023, will have no legal effect.

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 National Biotechnology Initiative Act of 2025 establishes a comprehensive, whole-of-government effort to advance U.S. leadership in biotechnology for national security and economic competitiveness. This Act creates the National Biotechnology Initiative, overseen by a new National Biotechnology Coordination Office within the Executive Office of the President. Participating federal agencies are mandated to coordinate strategies across research, data management, biomanufacturing, regulatory streamlining, and workforce development. The law also establishes mechanisms for interagency coordination, public reporting, and the development of a national biotechnology strategy.

The Affordable Housing Credit Improvement Act of 2025 updates federal housing tax credit allocations to reflect current economic realities and boosts minimum state allotments. It reforms tenant eligibility rules to stabilize tenancy and enhance protections for vulnerable residents, including victims of abuse. The bill also provides disaster relief for property owners, increases incentives for housing the extremely low-income, and directs greater resources toward Native American and rural housing needs. Finally, it streamlines administrative processes and signals a future focus on data transparency and discouraging restrictive local zoning.

The Promoting New Bank Formation Act aims to encourage the creation of new banks by providing regulatory relief for newly insured institutions. This includes a three-year phase-in period for new capital standards and streamlined processes for adjusting initial business plans. The Act also establishes temporary, favorable capital requirements for new rural depository institutions and expands lending authority for Federal savings associations to include agricultural loans. Finally, it mandates a study on barriers to new bank formation, especially in underserved areas.

The 1071 Repeal to Protect Small Business Lending Act aims to eliminate the mandatory data collection and reporting requirements for small business loans previously established under Section 704B of the Equal Credit Opportunity Act. Proponents argue that these regulations impose unnecessary compliance costs on lenders, potentially hindering small business access to credit. This bill repeals those specific reporting mandates to reduce regulatory burdens on financial institutions.

The SSI Savings Penalty Elimination Act significantly raises the resource limits for individuals and couples applying for Supplemental Security Income (SSI), starting in 2025. This legislation also mandates that these new resource limits will be automatically adjusted annually to keep pace with inflation. The goal is to allow SSI applicants to save more money without losing eligibility for benefits.

The Sanctioning Russia Act of 2025 imposes sweeping economic penalties on the Russian Federation in response to its aggression against Ukraine. This legislation mandates severe, immediate sanctions against key Russian officials, financial institutions, and energy sector entities, including asset freezes and trade prohibitions. Furthermore, the Act dramatically increases import duties on Russian goods and requires the President to review and reimpose these measures until Russia negotiates a lasting peace with Ukraine.

The Collegiate Housing and Infrastructure Act of 2025 permits qualifying charities to provide grants to college social or athletic organizations specifically for collegiate housing and infrastructure projects without jeopardizing their tax-exempt status. This legislation clarifies that such grants remain eligible for donor deductions, provided the housing primarily serves full-time students. The Act specifically excludes funding for physical fitness facilities from these provisions.

This resolution formally recognizes the upcoming 250th anniversary of the United States Marine Corps in 2025. Congress is honoring the Corps' long history, core values of honor, courage, and commitment, and its consistent readiness to defend the nation. The bill encourages the public to join in celebrating this significant milestone and acknowledging the service and sacrifice of all Marines.