Climate Change Financial Risk Act of 2025 This bill addresses climate change risk and its potential impact on the financial system. The Federal Reserve Board must develop financial risk analyses relating to climate change for certain large nonbank financial companies and bank holding companies. Specifically, these entities must be evaluated every two years on whether they have the capital necessary to absorb financial losses that would arise under several different climate change risk scenarios. In response to the results of the evaluation, entities must develop and submit for approval a climate risk resolution plan. The plan must include a capital policy with respect to climate risk planning and targets to remedy identified vulnerabilities. If the plan is not approved, the entity’s ability to make capital distributions is restricted. The bill also establishes the Climate Risk Scenario Technical Development Group to provide recommendations to the board regarding climate change risk scenarios, and determine the financial and economic risks of these scenarios. The board must develop a survey to assess (1) the ability of other large financial institutions to withstand each scenario, (2) which surveyed entities have activities in geographical areas or industries that are significantly exposed to the impacts of climate change, and (3) how these surveyed entities plan to adapt to risks presented in each scenario.
This bill makes the federal adoption tax credit refundable, allowing eligible taxpayers to receive a refund even if they owe no income tax. It directly affects families who paid qualified adoption expenses (like court fees or agency costs) but previously couldn't claim the full credit due to its non-refundable status. Key provisions include redesignating the credit in tax law as "section 36C" (making it refundable), adding standardized third-party affidavits to verify adoptions, and ensuring existing credit carryforwards are treated as refundable starting in 2025. The changes take effect for tax years beginning after December 31, 2024.
The Housing for All Act of 2025 is a comprehensive federal housing bill that allocates significant funding to address housing shortages and homelessness. It provides $45 billion for the Housing Trust Fund, $40 billion for the HOME Investment Partnerships Program, and expands housing choice vouchers by 500,000 in 2025 with annual increases to 1 million by 2028, prioritizing individuals at risk of homelessness. The bill establishes a Racial Equity Commission to examine structural racism in housing and creates new programs including safe parking initiatives, eviction protection grants, and mobile crisis intervention teams. It directly affects vulnerable populations including people with disabilities, racial minorities, elderly individuals, veterans, and those experiencing homelessness or housing instability. The legislation also requires a GAO report on eviction data and promotes inclusive transit-oriented development to enhance climate resilience.
The COAST Anti-Drilling Act of 2025 prohibits new oil and gas leasing in four specific coastal planning areas of the outer Continental Shelf: the North Atlantic, Mid-Atlantic, South Atlantic, and Straits of Florida. It amends the Outer Continental Shelf Lands Act to require the Secretary not to issue any leases or authorizations for exploration or production in these areas. The bill directly affects oil and gas companies seeking to develop resources in these coastal regions by blocking new federal leasing activities. This policy change prevents future drilling permits in these designated zones, as defined in the 2023 Bureau of Ocean Energy Management leasing program.
The SEER Act 2025 targets conflicts of interest among special government employees (SGEs) - temporary or part-time workers who may have outside business interests while serving in government roles. The bill requires SGEs not serving on advisory committees to publicly disclose financial conflicts, restricts their communications with agencies regarding companies they own or lead, and creates a searchable public database tracking SGE service duration and roles. It modifies financial disclosure requirements so that most SGEs must now file public reports, unlike current practice where many were exempt. The legislation affects all SGEs who aren't on advisory committees, particularly those in roles with significant decision-making authority. The bill aims to increase transparency and reduce conflicts for temporary government workers with substantial outside business interests.
The SERVICE Act (HR 2829) modifies the Public Service Loan Forgiveness (PSLF) program to make it more accessible for borrowers. It reduces the required number of qualifying monthly payments from 120 to 96, expands what counts as a qualifying payment to include certain deferments and forbearances, and creates a "buyback" option to make up for missed payments. The bill also establishes an online portal for borrowers to track their progress toward forgiveness, clarifies that independent contractors can qualify for PSLF, and changes how consolidated loans are treated. This bill directly affects borrowers with federal student loans who work in public service jobs and are seeking loan forgiveness.
HR 2880 provides due process protections for federal employees who are promoted to career positions (in the competitive service, excepted service, or Senior Executive Service) and serve under a probationary period. It requires these employees to be covered by existing federal employment laws, including special protections for Department of Veterans Affairs staff. The bill also allows employees removed from such positions between January 20, 2025, and the law's enactment to be reinstated to their former or equivalent role with backpay. Political appointees are excluded from these protections and reinstatement provisions.
HR 2906, the SERVICE Act, requires federal agencies to submit a detailed report to Congress and the Government Accountability Office (GAO) before reducing their workforce by more than 5% in a fiscal year. The report must analyze financial impacts (including pay, benefits, and replacement costs), mission effects on specific offices/services, and the agency’s analytical basis for the reduction. The GAO must then review the report within 180 days and assess whether it includes all required elements and credible supporting data. This 210-day review period applies to all agencies covered under the law, directly affecting federal workforce planning decisions. The bill aims to ensure transparency and evidence-based decision-making around federal staffing changes.
Working for Immigrant Safety and Empowerment Act or the WISE Act This bill expands eligibility for U nonimmigrant visas (victims of criminal activity) and prohibits immigration enforcement activities in specified areas. Generally, U visas are for victims of specified crimes (e.g., rape, trafficking, or domestic violence) who assist with the investigation or prosecution of the crime. The bill adds hate crimes, child abuse, and elder abuse as crimes that may qualify a victim for a U visa and removes criteria related to the victim's assistance with the investigation or prosecution of the crime. Furthermore, the Department of Homeland Security (DHS) must provide work authorization to U visa applicants, whereas currently DHS may grant work authorization but is not required to do so. The bill also eliminates the annual numerical cap on U visas. The bill establishes a rebuttable presumption that certain individuals, including U visa applicants and T visa (victims of human trafficking) applicants, shall not be detained while the application is pending. Additionally, the bill provides immigration-related protections, such as by extending the admission period and providing work authorization, to the spouse or child of a nonimmigrant visa holder who subjected that spouse or child to battery or extreme cruelty. Further, the bill prohibits, with some exceptions for exigent circumstances, U.S. Immigration and Customs Enforcement or U.S. Customs and Border Protection from conducting immigration enforcement actions within 1,000 feet of a school, health care facility, place of worship, or other location specified in the bill.
HR 2837 establishes an Advisory Council under the Department of Health and Human Services to improve access to existing resources for victims of gun violence. The council, composed of federal agency heads and appointed victims/support professionals, will assess needs, identify effective programs, and compile a public resource hub with contact information for medical, financial, mental health, legal, and government support services. It requires a detailed report within 180 days of enactment and a follow-up report within two years, focusing on gaps in current assistance and coordination. The bill directly affects individuals defined as victims of gun violence (including those wounded, threatened, witnessing incidents, or related to victims) and aims to connect them to existing federal, state, and nonprofit resources without authorizing new funding. The council will sunset after five years.
HR 2831, the Small Business Energy Loan Enhancement Act, doubles the maximum loan amounts for certain small business energy projects under the Small Business Investment Act of 1958, raising the cap from $5.5 million to $10 million for two specific loan categories. This directly affects small businesses seeking financing for energy-related investments, such as efficiency upgrades or renewable energy installations. The bill requires the Small Business Administration (SBA) to annually report to Congress on which industries and geographic areas receive these loans. These changes aim to increase access to capital for qualifying energy projects without altering eligibility criteria.
HR 2905, the Ensuring Agency Service Quality Act, requires federal executive agencies and military departments to maintain specific staffing levels as defined by law, overriding prior provisions. It mandates that agency heads notify Congress within seven days if they cannot meet these required staffing levels, providing an explanation for the shortfall. The bill directly affects all executive agencies and military departments covered under Title 5 of the U.S. Code. Its key mechanism is the new staffing requirement combined with the mandatory noncompliance reporting process to Congress.
