Legislative Activity

The GENIUS Act establishes a regulatory framework for payment stablecoins in the United States, requiring issuers to be "permitted payment stablecoin issuers" and maintain 1-to-1 reserves. It sets standards for reserve composition, redemption policies, and regular reporting, while also granting the Comptroller authority to regulate Federal qualified payment stablecoin issuers and allowing state-level regulation for smaller issuers under certain conditions. The Act also addresses anti-money laundering concerns, custody of reserves, and the treatment of stablecoin issuers during insolvency proceedings, and clarifies that payment stablecoins are not securities or commodities. Finally, the Act creates an exception for foreign payment stablecoin issuers under specific conditions and reciprocity for payment stablecoins issued in overseas jurisdictions.

This joint resolution nullifies a rule issued by the Office of the Comptroller of the Currency concerning the review process for bank merger applications under the Bank Merger Act. By disapproving the rule, Congress prevents it from taking effect.

This resolution supports the designation of May 4-10, 2025, as "National Small Business Week". It recognizes the significant role of over 34.5 million small businesses in the U.S. that contribute to the economy and provide over 59 million jobs. The resolution celebrates the entrepreneurial spirit, achievements, and resilience of small business owners and their employees.

The Insurance Data Protection Act aims to protect the confidentiality of insurance companies' data by limiting the subpoena power of the Office of Financial Research and ensuring that financial regulators coordinate with other agencies before collecting data from insurance companies. It facilitates the sharing of non-public information among federal and state agencies and insurance regulators while maintaining confidentiality and legal privileges. The act also clarifies that existing agency disclosure requirements apply to data submitted to financial regulators.

This resolution designates April 2025 as "Financial Literacy Month" to highlight the critical role of personal financial education and the repercussions of financial illiteracy. It acknowledges the significant number of unbanked and underbanked households, the struggles faced by people with disabilities, and the growing household debt in the U.S. The resolution encourages the government, schools, organizations, and individuals to promote financial literacy through various programs and activities during this month. It also emphasizes the positive impact of financial education on credit scores, retirement planning, and overall financial well-being.

The BE GONE Act amends the Immigration and Nationality Act to include sexual assault and aggravated sexual abuse in the definition of aggravated felonies. This change would mean immigrants convicted of these crimes would be subject to deportation.

The Adoption Tax Credit Refundability Act of 2025 makes the adoption tax credit refundable, allowing more families to benefit from it regardless of their tax liability. It also streamlines the process for verifying legal adoptions through standardized affidavits. These changes apply to taxable years after December 31, 2024, with provisions to carry forward any excess credit from the previous year.

This resolution designates the week of April 19 through April 27, 2025, as "National Park Week" to recognize the importance of national parks for recreation, education, and economic contributions. It encourages people to visit and support these parks while acknowledging the role of the National Park Service in protecting these resources for future generations.

This joint resolution nullifies the Consumer Financial Protection Bureau's rule that defines larger participants in the market for general-use digital consumer payment applications. By disapproving the rule, the resolution prevents it from being enforced.

The Organic Imports Verification Act of 2025 requires the Secretary of Agriculture to submit an annual report to Congress regarding residue testing on imported organic feedstuffs. This act also directs the Secretary to develop risk-based protocols to determine which imported organic feedstuffs will be tested annually for prohibited substances and to create a confidential list of those feedstuffs. The Secretary must then conduct annual residue testing on each feedstuff on the list, and if prohibited substances are found above permitted levels, the shipment cannot be sold or labeled as organic.

This resolution honors the life and distinguished career of former Louisiana Senator John Bennett Johnston, Jr., recognizing his contributions to energy policy, natural resource conservation, and Louisiana's cultural heritage. It directs the Secretary of the Senate to notify the House of Representatives and send a copy of the resolution to Senator Johnston's family. Upon adoption, the Senate will adjourn in his honor.

This resolution designates March 27, 2025, as "National Women in Agriculture Day" to recognize the vital role of women in agriculture. It acknowledges women's significant contributions as producers, educators, leaders, and mentors within the agricultural sector. The resolution supports celebrating women's impact on food resources and the agricultural workforce, encouraging their continued involvement and leadership in the field.

This resolution honors the life and distinguished career of former Wyoming Senator Alan K. Simpson, recognizing his public service, military service, and contributions to Wyoming and the nation. It celebrates his work on border security, veterans affairs, entitlement reform, and fiscal responsibility, as well as his dedication to various Wyoming institutions. The resolution expresses sorrow at his passing, directs communication to the House of Representatives and his family, and adjourns the Senate in his memory.

The GENIUS Act of 2025 establishes a regulatory framework for payment stablecoins, defining key terms, outlining who can issue stablecoins, and setting requirements for reserves, disclosures, and compliance. It creates a process for federal and state regulators to approve and supervise stablecoin issuers, addressing consumer protection, anti-money laundering measures, and interoperability standards. The Act also clarifies that payment stablecoins are not securities or commodities and prioritizes stablecoin holders' claims in insolvency proceedings. Finally, the act directs the Treasury to establish reciprocal agreements with countries that have similar payment stablecoin regulations.

The "Preserving Patient Access to Home Infusion Act" amends the Social Security Act to improve Medicare coverage and access to home infusion therapy. It expands covered services to include pharmacy services, clarifies payment structures for home infusion therapy based on infusion duration, and allows nurse practitioners and physician assistants to establish home infusion plans of care. The bill also broadens the definition of "home infusion drug" to include certain non-pump drugs and biologicals, while adjusting payment rules for related supplies to avoid duplicate payments. These changes aim to ensure continued and improved access to home infusion therapy for Medicare beneficiaries.

The FIGHT China Act of 2025 aims to protect U.S. national security by imposing sanctions on foreign entities connected to China's military-industrial complex, prohibiting certain investments in sensitive technologies, and requiring notification of other investments. It authorizes the President to sanction foreign individuals and entities involved in supporting China's defense or surveillance sectors, and restricts U.S. investment in companies linked to China's military. The Act also requires increased scrutiny and potential listing of additional entities on the Non-SDN Chinese Military-Industrial Complex Companies List, and mandates U.S. persons to divest from securities of listed companies. Furthermore, the Act seeks to coordinate with allied countries to prevent the development and acquisition of prohibited technologies by countries of concern.

The Major Richard Star Act allows veterans with combat-related disabilities to receive both veteran's disability compensation and military retired pay concurrently, without reduction. This act amends Title 10 of the United States Code to ensure that disability retirees with combat-related disabilities are not subject to reductions in retired pay due to receiving veteran's disability compensation. These changes will take effect the first day of the month following the enactment of the Act.

The "Pregnant and Postpartum Women Treatment Reauthorization Act" reauthorizes and amends section 508 of the Public Health Service Act. It updates language, adds a requirement for service provision plans that may include outreach to women greatly affected by maternal substance use disorder, and increases funding to $38,931,000 annually from 2025 through 2029.

This joint resolution nullifies a rule issued by the Consumer Financial Protection Bureau. The rule concerned the prohibition of creditors and consumer reporting agencies from using or sharing medical information. By disapproving the rule, this resolution prevents the regulation from taking effect.

The "Sickle Cell Disease Comprehensive Care Act" enables state Medicaid programs to provide comprehensive care through health homes for individuals with sickle cell disease starting January 1, 2026. It requires states with sickle cell disease-focused plans to provide dental and vision services and to report on healthcare quality, access, and expenditures. The Act also directs the Secretary of Health and Human Services to publish best practices for these state plans.