The Government Bailout Prevention Act prohibits the use of federal funds, Treasury resources, or Federal Reserve assistance to support state, local, or school district governments facing financial distress starting January 1, 2026. Specifically, the bill bars the government from purchasing or guaranteeing debt for entities that have filed for bankruptcy, defaulted on obligations, or are at risk of defaulting without such help. This restriction also covers debt restructuring activities but includes an exception for financial aid provided in response to declared disasters.
HR 909, the Crime Victims Fund Stabilization Act of 2025, modifies how funds from the False Claims Act are deposited into the Crime Victims Fund. It specifies that from 2025 through 2029, certain False Claims Act proceeds (specifically those for qui tam plaintiff payments and government damage reimbursements) cannot be deposited into the fund. This change directly affects the composition of the Crime Victims Fund by excluding these specific revenue streams during the specified period. The bill does not create new benefits or alter victim services; it only adjusts fund allocation rules for existing False Claims Act revenues.
HR 7 prohibits federal funds from being used for abortions or health insurance plans covering abortion, with exceptions for pregnancies resulting from rape, incest, or when a woman's life is endangered. It blocks federal premium tax credits under the Affordable Care Act for health plans covering abortion (except in specified cases) and requires clear disclosure of abortion coverage and related surcharges in plan materials. The bill allows individuals or employers to purchase separate abortion coverage using non-federal funds, such as out-of-pocket payments, without affecting federal subsidies. It directly affects federal health programs, ACA marketplace plans, and health insurance issuers offering coverage that includes abortion services.
The ALIGN Act (HR 574) allows businesses to immediately deduct the full cost of certain qualifying equipment and property (like machinery or tools) instead of spreading the deduction over several years. This permanent tax change directly affects businesses that invest in eligible property placed in service after September 2017. The key provision eliminates the previous depreciation rules for these assets, providing an immediate tax benefit to encourage capital investment. It does not change tax rates or apply to all business expenses, only specific types of equipment meeting the defined criteria.
HR 1301, the Death Tax Repeal Act, would eliminate the federal estate tax and generation-skipping transfer tax for estates of individuals dying on or after its enactment date. It directly affects individuals inheriting significant assets, as it removes taxes on estates exceeding $10 million (adjusted for inflation) and repeals taxes on large transfers between generations. The bill modifies the gift tax by establishing a $10 million lifetime exemption with annual inflation adjustments, replacing previous tax brackets. It applies to estates, gifts, and transfers occurring on or after the bill's effective date.
HR 3204, the BASIC ACT, increases tax incentives for semiconductor manufacturing. It raises the advanced manufacturing investment credit from 25% to 35% for qualifying semiconductor production facilities and extends the deadline for claiming the credit from 2026 to 2030. The bill directly affects companies building or expanding semiconductor manufacturing plants in the U.S. The changes apply to property placed in service after the bill's enactment date. This provides longer-term financial support for domestic semiconductor investment.
HR 4102, the RISE Act, reduces the maximum tax rate on investment profits for certain taxpayers. It limits the tax on adjusted net capital gains to 15% for amounts exceeding a specific threshold, directly affecting high-income individuals with significant investment gains. The bill amends the tax code to replace current capital gains tax rates with this new 15% cap for qualifying income. This change applies to taxable years beginning after the bill's enactment date.
HR 5888, the UNtaxed Act, prohibits the United Nations or its affiliated bodies from imposing taxes, tariffs, or fees on U.S. citizens or companies without a Senate-approved agreement. It also blocks U.S. funding for any United Nations activities related to implementing or enforcing a global carbon tax, which is defined as a tax on vessel emissions under a worldwide fuel system. The bill directly affects U.S. businesses and citizens who might face UN levies, and it restricts federal resources from supporting international carbon tax initiatives. This legislation aims to prevent unilateral UN taxation and funding of carbon-related policies without congressional oversight.
The Geothermal Tax Parity Act (HR 6873) updates U.S. tax code to treat geothermal energy projects the same as oil and gas projects for tax purposes. It allows geothermal developers to deduct exploration and development costs (amortization) and removes restrictions on passive loss deductions that previously limited geothermal investments. This directly affects geothermal energy companies, investors, and developers by providing tax parity with the oil and gas industry. The changes apply to taxable years beginning after the bill’s enactment date. The bill makes no new funding commitments but adjusts existing tax rules to support geothermal development.
This bill prohibits the Federal Emergency Management Agency (FEMA) from funding sheltering or facility improvements for U.S. Customs and Border Protection (CBP) short-term holding facilities. It also cancels unobligated funds previously allocated to FEMA for these purposes under two 2023-2024 appropriations acts. The bill directly affects FEMA's budget authority and CBP's operational funding for facilities holding individuals in immigration custody. It does not create new restrictions but terminates existing funding for specific CBP-related sheltering activities. The measure focuses solely on rescinding existing appropriations, not on altering immigration law or eligibility.
