Federal Reserve Accountability Act of 2022 This bill reduces the number of Federal Reserve districts from 12 to 5, requires Senate confirmation for Federal Reserve bank presidents, and makes other changes to the operation of the Federal Reserve Board and Federal Reserve banks.
Health Savings Accounts For All Act of 2022 This bill revises provisions relating to health savings accounts (HSAs). Specifically, the bill increases the annual limitation on tax-deductible contributions to HSAs by plan participants and their employers; eliminates the requirement that an HSA participant must be enrolled in a high deductible health plan as a condition of eligibility; allows payments from HSAs for health insurance premiums and primary care service arrangements; allows payment of medical expenses incurred prior to the establishment of an HSA and correction of administrative errors prior to the due date of an applicable tax return; allows a tax-free rollover of amounts in an HSA, upon the death of an account holder, to the account holder's child, parent, or grandparent; allows payments from HSAs for vitamins, dietary supplements, gym membership, and wearable fitness trackers; and extends bankruptcy protections to HSAs on the same basis as tax-preferred retirement plans.
Preventing PFAS Runoff at Airports Act This act temporarily allows the Federal Aviation Administration (FAA) to cover 100% of the costs for airports to purchase and deploy equipment to test fire suppression systems that contain perfluoroalkyl and polyfluoroalkyl substances (PFAS) without discharging such substances. (PFAS are manmade substances and may have adverse human health effects.) The FAA must also (1) conduct outreach to inform airports of the availability of the increased cost-sharing; and (2) brief Congress on options to reimburse airports that acquired equipment without, or with reduced, federal funding and other matters.
Legacy Mine Cleanup Act of 2022 This bill establishes the Office of Mountains, Deserts, and Plains within the Environmental Protection Agency. The office must address abandoned hardrock mines, including by (1) establishing and annually updating a list of abandoned hardrock mine sites that are prioritized for response actions, and (2) updating every five years an interagency plan to carry out response actions at Navajo Nation abandoned uranium mine sites.
Financial Regulators Transparency Act of 2022 This bill makes certain disclosure and ethics requirements applicable to the Federal Reserve banks and financial regulators. For example, the bill makes Federal Reserve banks subject to Freedom of Information Act requests and makes financial regulators subject to congressional ethics inquiries.
Responsible Self-Regulation Act of 2022 This bill provides for the registration of an association of digital asset intermediaries with the Securities and Exchange Commission and the Commodity Futures Trading Commission. Upon the written request of a member of the association, a registered digital asset association is allowed to make an initial determination of the legal character of a digital asset, including as a security, an ancillary asset, or a commodity.
Combating Human Rights Abuses Act of 2022 This bill requires the Department of Commerce to offer guidance to U.S. businesses, including those considering transactions with entities subject to the influence of countries where significant human rights abuses have occurred, about issues such as (1) the human rights abuses perpetuated by China's government, (2) risk factors that may be used to identify entities subject to the influence of governments implicated in human rights abuses, and (3) ways to avoid doing business with such entities. Commerce must also provide training related to human rights issues to Commerce employees who provide counseling services to businesses.
Children and Teens' Online Privacy Protection Act This bill extends to minors (ages 12–16) privacy protections previously applicable only to children (ages 0–12) and otherwise establishes greater online privacy protections for children and minors. Specifically, the bill prohibits an operator of a website, online service, online application, or mobile application directed to, or used or reasonably likely to be used by, a child or minor from collecting the user's personal information without providing notice and obtaining consent, providing a parent or minor with certain information upon request, conditioning participation by a user on the provision of personal information, establishing and maintaining reasonable procedures to protect the personal information collected from users. The bill also prohibits targeted marketing directed to a child or directed to a minor without the minor's consent.
Mandatory Materiality Requirement Act of 2022 This bill limits additional disclosure requirements applicable to issuers of securities. Specifically, the Securities and Exchange Commission may only require an additional disclosure if the commission determines that there is a substantial likelihood that a reasonable investor of the issuer would consider the information important with respect to an investment decision.
Improving Digital Identity Act of 2022 This bill establishes the Improving Digital Identity Task Force to establish a government-wide effort to develop secure methods for governmental agencies to protect the privacy and security of individuals and support reliable, interoperable digital identity verification in the public and private sectors. The Government Accountability Office shall submit to Congress a report on the estimated potential savings, due to the increased adoption and widespread use of digital identification, of (1) the federal government from averted fraud, and (2) the U.S. economy and consumers from averted identity theft.
