This bill updates administrative procedures for the Public Safety Officers' Benefits Program to speed up claim processing and expand disability coverage. It requires the Bureau of Justice Assistance to notify claimants about missing information within 90 days and issue interim payments if claims aren't resolved within 270 days, while also mandating annual audits of backlogged claims. The legislation adds benefits for permanent partial disabilities that prevent officers from working in their previous capacity and creates a faster approval process for claims supported by World Trade Center health certifications.
This bill requires federal banking regulators to publish annual reports tracking the status of bank and credit union charter applications. Specifically, it mandates the Comptroller of the Currency, Federal Reserve, FDIC, and National Credit Union Administration to report application volumes, approval timelines, and common reasons for denials or withdrawals for national banks, credit unions, holding companies, and state-chartered institutions. The reports must include state-level breakdowns for state-chartered banks and credit unions. This law increases transparency in the chartering process without changing banking regulations or affecting financial institutions directly.
HR 6552, the Bank-Fintech Partnership Enhancement Act, mandates a study by the Federal Reserve, Comptroller of the Currency, and FDIC into how partnerships between banks and financial technology companies support new banking formations and community bank health. The study must examine specific benefits like reduced time-to-market for products, lower compliance costs, and improved technological capabilities, then identify potential legal or regulatory changes to foster such partnerships. The regulators must submit a report to Congress within six months of the bill's enactment. This is a procedural bill focused on research, not direct policy changes affecting businesses or consumers.
This bill requires the Comptroller of the Currency and the Federal Deposit Insurance Corporation (FDIC) to jointly study how "shelf charters" (pre-approved bank charters) and the "modified bidder qualification process" (a method allowing non-bank buyers to participate in acquiring failed banks) have been used since 2008. The study specifically examines their role in 2023 bank failures and assesses whether wider use could expand bidder pools, boost competition, protect the Deposit Insurance Fund, or reduce reliance on emergency Treasury actions. Regulators must submit a report within 270 days detailing findings, identifying regulatory barriers, and recommending changes to improve these tools. The bill directly affects federal banking regulators and the resolution process for failed banks, aiming to enhance how such institutions are handled.
This bill permanently exempts fixed-income securities (like bonds, notes, and certificates of deposit) from a specific SEC disclosure rule (Rule 15c2-11) that was being applied to debt markets without proper regulatory process. It directly affects businesses raising capital through fixed-income markets, which the bill states are critical for thousands of companies. The exemption removes requirements originally designed for equity markets but mistakenly applied to debt markets. This change makes permanent an existing SEC exemption granted in 2023 and 2024. The bill aims to maintain clear regulatory separation between equity and fixed-income markets.
SRES 612 is a non-binding Senate resolution acknowledging the fourth anniversary of Russia’s February 2022 invasion of Ukraine. It reaffirms U.S. support for Ukraine’s sovereignty and territorial integrity within its 1991 borders, condemns Russia’s attacks on civilians and infrastructure, and emphasizes the need for sustained U.S. and transatlantic security guarantees. The resolution does not create new laws or funding but expresses congressional support for Ukraine’s defense and calls for continued international cooperation. It specifically highlights Russia’s targeting of Ukrainian children and U.S. companies as part of its aggression. As a symbolic gesture, it has no legal effect on policy or funding.
S 3905, the Tariff Refund Act of 2026, requires U.S. Customs and Border Protection (CBP) to refund all duties unlawfully collected under the International Emergency Economic Powers Act (IEEPA) to importers within 180 days of the bill's enactment, including interest. It mandates CBP to reliquidate previously processed imports to calculate refunds and prioritizes small businesses for faster processing, with coordinated outreach to them via the Small Business Administration. The bill also requires CBP to submit regular reports to Congress detailing refund progress and timelines. This directly affects importers who paid IEEPA duties, with specific provisions to streamline refunds for small business importers.
The American Homeownership Act restricts tax deductions for interest and depreciation on residential properties owned by institutional investment entities or "large owners" (defined as those holding 50+ single-family units). It creates exceptions for new construction, rehabilitation of uninhabitable properties, sales to individuals for primary residence, and properties serving affordable housing through tax credit programs. The bill also prohibits federal housing agencies from selling properties or providing mortgage loans to these large investors and allocates savings from these tax changes to fund affordable housing programs. These provisions aim to encourage homeownership by limiting tax benefits for large-scale rental property ownership while directing resources toward affordable housing development.
The SAVES Act of 2025 establishes a five-year pilot program at the Department of Veterans Affairs (VA) to fund nonprofit organizations that provide service dogs to eligible veterans with specific disabilities, such as blindness, mobility issues, PTSD, or traumatic brain injury. Nonprofits must apply competitively, meet training and animal welfare standards (including ADA compliance), and provide service dogs at no cost to veterans, with the VA covering all program expenses. The VA will also provide ongoing veterinary insurance for the dogs, which continues even after the pilot ends. This program is funded with $10 million annually for five years, targeting veterans as defined by VA medical criteria.
This bill amends U.S. Code sections to expand TRICARE eligibility for National Guard and Reserve retirees. It removes an age barrier preventing members under 60 from accessing TRICARE benefits if they qualify for non-regular retirement under Chapter 1223 but aren't yet receiving retired pay (due to specific provisions in Title 38). The key change defines "TRICARE Retired Reserve" to include these members who meet three criteria: qualifying for non-regular retirement at 60, being under 60, and not receiving retired pay due to Title 38 rules. The amendments take effect 18 months after the bill's enactment.
Small Business Artificial Intelligence Advancement Act This bill directs the National Institute of Standards and Technology (NIST) to develop or identify resources for small businesses to address concerns relating to the use of artificial intelligence (AI). Resources must be generally applicable, technology neutral, and based on relevant voluntary international standards, among other requirements. NIST must coordinate with the Small Business Administration with respect to the distribution of these resources. NIST must also review and update the resources at least biennially.
Accessing Satellite Capabilities to Enable New Discoveries Act or the ASCEND Act This bill provides statutory authority for the Commercial SmallSat Data Acquisition (CSDA) program run by the National Aeronautics and Space Administration (NASA). Through the CSDA program, NASA acquires remote sensing data and imagery from commercial satellites to support its Earth science research. ( Remote sensing generally refers to the collection of data by instruments in Earth’s orbit, such as satellites, that can be processed into imagery of Earth’s surface.) Under the bill, NASA may establish or modify end-use agreements to allow for broad use of data and imagery acquired under the program, including by individuals outside of NASA (e.g., other federal agencies). The terms of any data or imagery acquisition may not prevent the publication of such data or imagery for scientific purposes or the publication of information derived from it. To the extent practicable, NASA must acquire such data and imagery from U.S. vendors.
