This bill prevents property owners from paying income tax on the profit they make when the government takes their land or buildings through eminent domain (such as for public projects) or when they sell due to immediate threat of taking. It creates a new tax exclusion in the Internal Revenue Code, meaning the government's payment for the property isn't counted as taxable income. Property owners can choose to waive this exclusion and pay tax on the gain if they prefer. The bill directly affects homeowners and businesses facing government acquisitions using eminent domain powers.
This bill, known as the Tribal Firearm Access Act, would allow members of federally recognized Tribes to use their Tribal government identification documents instead of state-issued IDs when purchasing firearms from federally licensed dealers. The legislation amends federal law to officially recognize Tribal government IDs as valid forms of identification for firearm transactions, while defining "Tribal government" to include the governing bodies of federally recognized Indian and Alaska Native Tribes. The changes would take effect 90 days after the bill is enacted, directly affecting Tribal members seeking to exercise their right to purchase firearms under current federal regulations.
This bill establishes two new offices within the Supreme Court: an Office of Ethics Counsel and an Office of Investigative Counsel, both authorized by the Chief Justice. The Ethics Counsel office would provide guidance to justices and their spouses on judicial ethics matters including financial disclosures, gift acceptance, political activity, and conflicts of interest, while the Investigative Counsel office would review and investigate ethics complaints filed by congressional leaders against justices. Both offices would be staffed by experienced attorneys with competitive salaries, and the Investigative Counsel would have subpoena power to compel testimony and evidence during investigations. The bill also requires annual reports on ethics advice given and mandates that investigation findings be submitted to the Chief Justice and made available to congressional committees.
HR 7681, the "HSA’s For All Act," would expand eligibility for Health Savings Accounts (HSAs) by allowing individuals enrolled in any qualified health plan - not just high-deductible plans - to contribute to an HSA. It directly affects people covered by Affordable Care Act marketplace plans or employer group health plans, removing the current requirement for a high-deductible health plan (HDHP) to qualify. The bill amends tax code definitions to replace "high-deductible health plan" with "covered health plan" throughout relevant sections, simplifying eligibility rules. This change would take effect for tax years beginning after December 31, 2026.
HR 7678, the Gun Owner Registration Information Protection Act, prohibits federal funding for state or local databases that track lawfully owned firearms or their owners. The bill allows federal funding for databases recording lost or stolen firearms but bans it for databases listing legal gun ownership. This means states cannot use federal money to create or maintain systems that compile information about legally owned guns. The bill directly affects state and local governments that rely on federal funds for firearm ownership databases.
The Stop Illegal Alien Cops Act amends federal law to modify exemptions for government entities regarding firearms. Currently, federal, state, and local government agencies are generally exempt from many federal prohibitions when acquiring or supplying firearms for official use. This bill would remove that exemption for specific prohibitions, making it unlawful for government entities to provide firearms to or employ individuals who are unlawfully in the United States. Additionally, the bill removes the
HR 7685, the Healthy Hair Act, amends the Federal Food, Drug, and Cosmetic Act to classify hair straightening or smoothing products containing formaldehyde (or formaldehyde-releasing substances) as "adulterated" when sold across state lines after an 180-day grace period. It directly affects hair product manufacturers, salons, and workers who use or handle these products. The bill mandates a two-part study by the FDA and NIOSH on health impacts like cancer and respiratory issues for salon workers exposed to formaldehyde, requiring an initial report within one year and a final report within two years and two months. The study will inform future regulatory actions but does not ban formaldehyde products immediately.
This bill requires the Federal Reserve, Office of the Comptroller of the Currency, and FDIC to provide detailed annual reports on their interactions with international financial regulatory forums. The reports must include information about the forums they participate in, their funding sources, how their work aligns with U.S. interests, and the positions taken by U.S. representatives. The bill specifically targets five major international financial regulatory bodies including the Basel Committee on Banking Supervision and Financial Stability Board. These reporting requirements will be added to the agencies' existing annual reports to Congress. The legislation aims to increase transparency about U.S. financial regulatory engagement with international bodies.
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.
HR 6541, the Regulation A+ Improvement Act of 2025, increases the funding cap for small businesses using Regulation A+ crowdfunding from $50 million to $150 million, adjusted for inflation every two years based on the Consumer Price Index. This change directly affects small businesses and startups seeking to raise capital through simplified public offerings. The key mechanism is raising the cap while adding automatic inflation adjustments to maintain its real value over time. This policy update aims to provide more accessible capital for smaller issuers under the Securities Act of 1933.
HR 6546, the Merger Process Review Act, requires the Inspector General of four federal banking regulators (the Federal Reserve, Comptroller of the Currency, FDIC, and NCUA) to annually review and report on how quickly and efficiently these agencies process applications for bank and credit union mergers. The reviews, conducted every three years starting one year after the bill's enactment, will analyze metrics like average processing times, identify delays, and recommend improvements to speed up the merger approval process. This directly affects banks, credit unions, and the federal agencies that oversee their mergers by mandating transparency and accountability in handling these applications. The bill does not change merger rules but requires regular, data-driven evaluations to reduce unnecessary delays in the approval process.
Respect State Housing Laws Act This bill eliminates a provision that requires a 30-day notice period before a landlord may begin eviction proceedings against a tenant in federally assisted or federally backed housing.
