Legislative Activity

The Growing America’s Small Businesses and Manufacturing Act aims to support businesses through significant tax code changes. This bill permanently extends a specific method for calculating business interest expense limitations. Additionally, it substantially increases the immediate expensing limits (Section 179) for purchasing new depreciable business assets. These provisions are designed to encourage investment and growth for small businesses and manufacturers starting in tax years beginning after December 31, 2024.

This Act establishes a "single point of contact" within the Social Security Administration (SSA) to assist victims of Social Security number misuse or lost cards. This dedicated contact will manage the entire resolution process, ensuring continuity and coordination across SSA departments. The goal is to streamline service and reduce the burden on individuals affected by identity theft involving their SSN.

The American Ownership and Resilience Act establishes an Ownership Investment Facility to provide government leverage to licensed investment companies making "covered investments," primarily focused on supporting Employee Stock Ownership Plans (ESOPs) and worker cooperatives in acquiring business ownership. The Act sets strict operational rules for these investment companies, including capital requirements, portfolio diversification limits, and mandates for independent review of ESOP transactions. Furthermore, it details the licensing process, oversight mechanisms, and reporting requirements to ensure accountability and protect employee interests.

The Preserving Rural Housing Investments Act clarifies tax rules regarding stock ownership in government-sponsored enterprises like Freddie Mac and Fannie Mae. Specifically, it ensures that when determining if an organization qualifies as a tax-exempt entity, the U.S. government's ownership stake in these GSEs is disregarded. This change applies to tax years ending after July 30, 2008.

This resolution expresses strong support for designating the week of May 4 through May 10, 2025, as National Small Business Week. It aims to celebrate the vital contributions of the over 34.5 million small businesses that support tens of millions of jobs nationwide. The bill honors the hard work and entrepreneurial spirit of small business owners in every community.

The America the Beautiful Act reauthorizes and extends the National Parks and Public Land Legacy Restoration Fund through fiscal year 2033, increasing its total authorized funding. This legislation adjusts funding priorities to favor projects receiving private contributions and streamlines the process for accepting and allocating public donations. Additionally, it mandates reporting on efforts to reduce the existing deferred maintenance backlog and improve future preventative maintenance across public lands.

This bill modifies the railroad track maintenance credit by significantly increasing the maximum credit amount per mile from $\$3,500$ to $\$6,100$. It also updates the eligibility period for qualifying expenditures and mandates that the new credit limit will be adjusted for inflation starting in 2026. These changes are designed to provide greater financial support for ongoing railroad infrastructure upkeep.

The Shipbuilding and Harbor Infrastructure for Prosperity and Security for America Act of 2025 establishes a comprehensive framework to revitalize the U.S. maritime industry, shipbuilding capacity, and merchant marine workforce. It centralizes national maritime oversight, creates a dedicated Maritime Security Trust Fund financed partly by penalties on foreign-linked vessels, and mandates increased use of U.S.-flagged ships for government and certain commercial cargo. Ultimately, the bill aims to secure critical sealift capabilities and boost domestic maritime economic competitiveness against foreign rivals.

The Building Ships in America Act of 2025 introduces significant tax incentives to revitalize the U.S. shipbuilding industry, including a new investment tax credit for building qualifying vessels in American shipyards. The bill also establishes a 25% credit for constructing shipyard facilities and provides tax exemptions for certain maritime security payments and student incentive agreements. Furthermore, it treats designated "maritime prosperity zones" as Opportunity Zones to encourage related economic development.

This resolution officially supports the mission of National Fentanyl Awareness Day in 2025 to combat the deadly counterfeit pill crisis. It highlights the severe danger posed by fake pills containing lethal doses of fentanyl, which are increasingly accessible to young people. The bill aims to increase public awareness regarding this threat and applauds law enforcement efforts to stop the spread of illicit drugs.

The Claiming Age Clarity Act standardizes the terminology used by the Social Security Administration (SSA) when discussing retirement ages. This legislation replaces terms like "full retirement age" and "early eligibility age" with clearer, consistent language such as "standard monthly benefit age" and "minimum monthly benefit age." The SSA is mandated to update all official materials to reflect this new terminology by January 1, 2027.

This resolution officially designates the week of April 19 through April 27, 2025, as "National Park Week." It recognizes the historical significance and vital mission of the National Park Service in preserving America's natural and cultural treasures. The bill encourages the public to visit, experience, and support these cherished sites during this designated week.

The Combating Organized Retail Crime Act aims to combat sophisticated criminal gangs engaged in large-scale retail and supply chain theft. This bill strengthens federal law by updating money laundering and stolen property statutes, including establishing a $5,000 aggregate value threshold for certain offenses. Crucially, it mandates the creation of a specialized federal Coordination Center within Homeland Security to unify efforts across all levels of law enforcement and private industry against these transnational criminal organizations.

The Youth Sports Facilities Act of 2024 amends federal public works law to explicitly allow funding for the construction of youth sports facilities. This legislation prioritizes projects that address childhood health issues, support highly rural and low-income communities, and focus on areas affected by opioid addiction or violence. The goal is to increase access to recreational spaces while simultaneously boosting local economic development and job creation.

The Vehicle Safety Research Act of 2025 establishes the Partnership for Analytics Research in Traffic Safety (PARTS) program within the Department of Transportation. This program mandates the use of an external organization to conduct traffic safety research using voluntarily submitted data. Crucially, the Act provides strong confidentiality protections, ensuring participant data ownership and restricting the release of submitted information and analysis results. The bill also allocates specific funding for the program through Fiscal Year 2030.

The Abortion Funding Awareness Act of 2025 requires states to report detailed information annually regarding any federal Medicaid payments made to abortion providers. These state reports must specify payment amounts, the number of abortions performed by the provider, and the gestational age and method used for each procedure. The Secretary of HHS will then compile these state submissions into a summary report for Congress and the public.

The Adult Education Workforce Opportunity and Reskilling for Knowledge and Success Act aims to modernize workforce development by establishing "college and career navigators" to guide job seekers and integrating digital literacy into required training. The bill also updates the Adult Education and Family Literacy Act to emphasize full community participation and significantly increases authorized federal funding over five years. Ultimately, it seeks to improve career guidance, professionalize adult education staff, and ensure programs address essential modern skills.

The Secure Family Futures Act of 2025 modifies tax rules for certain insurance companies regarding their investments and losses. Specifically, it prevents qualifying insurers from treating newly acquired debt instruments as capital assets for tax purposes. Additionally, the bill extends the carryover period for specific capital losses incurred by these companies to ten years. These changes apply only to tax years beginning after December 31, 2025.

This resolution formally honors the life and extensive public service of the late Honorable John Bennett Johnston, Jr., former U.S. Senator for Louisiana. It details his career, highlighting his significant tenure on key Senate committees, particularly his leadership on energy policy. The resolution recognizes his legislative achievements benefiting Louisiana, including flood control and conservation efforts. Finally, the Senate adjourns immediately in his memory as a final tribute to his service.

The Travel Trailer and Camper Tax Parity Act amends tax law to expand the definition of "floor plan financing interest" to specifically include interest paid on financing for certain towable travel trailers and campers. This change allows businesses selling these recreational vehicles to treat the interest on their inventory financing under special tax deduction rules. This provision takes effect for tax years beginning after December 31, 2024.