Legislative Activity

This bill establishes a permanent advisory committee focused on studying and reporting on the severe financial market fallout that could result from Chinese military aggression toward Taiwan. The committee, composed of market experts and regulators, will advise the Financial Stability Oversight Council on potential economic vulnerabilities. The Council must then issue an annual public report detailing market risks, potential losses, and specific recommendations for regulators to fortify U.S. financial systems against such geopolitical shocks.

The NFA SBS Act redefines short-barreled shotguns under federal tax law, removing specific restrictions and ensuring they are not treated as destructive devices. This legislation eliminates disparate federal restrictions on these shotguns and preempts state or local laws that attempt to impose special taxes or registration requirements referencing the National Firearms Act. Furthermore, the Act mandates the destruction of specific government records related to the registration and transfer of these shotguns.

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.

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 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 seeks to formally reject a recent rule issued by the Internal Revenue Service (IRS) concerning gross proceeds reporting by brokers for digital asset sales. Through this joint resolution, Congress is exercising its authority to disapprove the specific IRS regulation. Consequently, the proposed reporting requirement will not take effect.

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 POWER Act of 2025 establishes a new, temporary tax credit of up to $500 for individuals who purchase an emergency generator for their primary residence. To qualify, homeowners must have experienced at least two major disasters in their area within the last five years and personally received federal assistance for one of those events. The credit amount is subject to phase-out based on the taxpayer's modified adjusted gross income.

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 STABLE Act of 2025 establishes a comprehensive federal framework for regulating payment stablecoins, requiring issuers to maintain 1:1 reserves in safe assets and adhere to strict transparency and anti-money laundering standards. The bill strictly limits issuance to approved entities, whether federally or state-qualified, and clarifies that these dollar-backed digital assets are not considered securities. Furthermore, it mandates robust consumer protection rules, ensuring customer assets are segregated and prioritized in bankruptcy proceedings.

The Secure Family Futures Act of 2025 modifies tax treatment for certain debt holdings of applicable insurance companies, excluding specific debt instruments from being treated as capital assets for tax purposes. Additionally, this Act extends the capital loss carryover period to 10 years for specified losses incurred by these insurance companies. These changes apply only to transactions occurring after December 31, 2025.

The "Reorganizing Government Act of 2025" amends Title 5 of the U.S. Code to streamline executive branch operations. It allows for the elimination of unnecessary government functions, prioritizes reducing the federal workforce, and aims to decrease regulatory compliance costs. The act extends executive reorganization authority through December 31, 2026, while preventing increases in federal employees or spending due to reorganization plans.

The Constitutional Concealed Carry Reciprocity Act of 2025 establishes a national standard for carrying concealed handguns across state lines. This act allows individuals legally permitted to carry in their home state to carry concealed in any other state that allows its residents to carry concealed firearms. The law does not override private property restrictions or prohibitions on government property, but it provides protections and legal recourse for those traveling in compliance with the new federal standard.

The Firearm Due Process Protection Act of 2025 aims to strengthen due process rights for individuals challenging denials in the National Instant Criminal Background Check System (NICS). It mandates expedited court hearings for record correction lawsuits and shifts the burden of proof onto the government to demonstrate why a person should be ineligible to own a firearm. Additionally, the bill requires the FBI to submit annual reports detailing the outcomes and timelines of all NICS record challenges.

The Protecting Individuals with Down Syndrome Act prohibits performing an abortion solely because an unborn child has been diagnosed with Down syndrome. This law establishes criminal penalties for providers who violate the prohibition and allows civil lawsuits to be brought by qualified relatives. It also requires medical professionals to report suspected violations.

The Air America Act of 2025 recognizes the sacrifices of former Air America employees who served the U.S. Government between 1950 and 1976. This Act authorizes a one-time monetary award, up to $40,000 plus potential additional amounts, for qualifying service members or their survivors. The CIA Director is responsible for administering these payments, which are capped at a total of $60 million, and establishing the application procedures. Decisions made by the Director regarding these awards are final and not subject to judicial review.

The Major Richard Star Act ensures that military retirees with combat-related disabilities can receive both their military retirement pay and VA disability compensation concurrently without reduction. This law removes previous restrictions that caused military retirement pay to be offset by VA disability payments for these specific cases. The changes take effect on the first day of the month following the Act's enactment.

The Fair and Open Competition Act of 2025 ensures fair competition on federally funded construction projects by prohibiting the government from requiring or penalizing bidders based on union agreements. This legislation aims to keep federal agencies neutral in labor relations while promoting cost savings and opening opportunities for all businesses. Exceptions to this neutrality rule are strictly limited to specific public health, safety, or national security emergencies.

The Military Spouse Hiring Act amends the Internal Revenue Code to expand eligibility for the Work Opportunity Tax Credit (WOTC). This change allows employers to claim the tax credit for hiring qualified military spouses. A qualified military spouse is defined as someone certified as being married to a member of the U.S. Armed Forces.

This bill nullifies the Environmental Protection Agency's recent updates to regulations for new chemicals under the Toxic Substances Control Act (TSCA). By disapproving the rule, the bill prevents the EPA from implementing the changes outlined in the update.