This bill redefines certain medical care arrangements for tax purposes. It creates a new category called "direct medical care service arrangements," which are fixed-fee payments (like a monthly subscription) for primary or specialty care directly from doctors, nurse practitioners, or physician assistants - bypassing traditional insurance. These arrangements will no longer be treated as "health plans" under tax law, and their fees will qualify as deductible medical expenses. Employers must also report these fees on employees' W-2 forms. The changes apply to tax years starting after December 2024.
This bill reauthorizes federal funding for children's hospitals operating graduate medical education (GME) programs through 2030, extending current support until fiscal year 2030. It prohibits payments to any hospital that provided "specified procedures and drugs" to minors under 18 during the prior fiscal year, including surgeries like hysterectomies or puberty-blocking medications. Exceptions apply for medically necessary treatments, such as puberty suppression for precocious puberty or genetic disorders, and care for life-threatening conditions. The bill specifies annual funding levels: $124 million for hospital GME support and $261 million for other program payments from 2026-2030. It directly affects children's hospitals receiving federal GME funding, requiring them to comply with the new restrictions on certain medical services for minors.
HR 1857, the Capital Gains Inflation Relief Act of 2025, would reduce taxable capital gains for individuals selling certain assets held over three years by adjusting the asset's original purchase price for inflation. It directly affects individual investors who sell qualifying assets like stocks (including foreign stocks traded on major exchanges), digital assets, or tangible property after holding them for more than three years. The bill replaces the standard adjusted basis with an "indexed basis" calculated using the GDP deflator to account for inflation between purchase and sale dates. This adjustment lowers the taxable gain amount without changing tax rates, though it includes specific rules for investment funds like REITs and mutual funds, and excludes assets held for less than three years or sold between related parties. The changes would apply to assets acquired after December 31, 2025.
More Homes on the Market Act This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes). Under the bill, an individual may exclude from gross income gain from the sale of a principal residence of up to $500,000 (currently $250,000), and taxpayers who are married and file a joint federal income tax return may exclude up to $1 million (currently $500.000). The bill also requires these amounts to be adjusted annually for inflation.
The Technology for Energy Security Act (HR 1752) extends a federal tax credit for investments in fuel cell technology. It changes the deadline for claiming this credit from January 1, 2025, to January 1, 2033, for projects starting construction after December 31, 2024. This directly affects businesses and individuals installing fuel cell systems by allowing them to claim the tax incentive for an additional eight years. The bill does not alter the credit amount but expands the timeframe for eligible projects.
The American Victims of Terrorism Compensation Act amends the Justice for United States Victims of State Sponsored Terrorism Act to increase funding for victims of terrorism. It directs the transfer of approximately $1.5 billion from the Binance Holdings Limited case, plus 50% of excess unobligated balances from Department of Justice and Treasury forfeiture funds, into the Victims Fund. The bill establishes deadlines for agencies to deposit funds (within 30 days of receipt or 15 days after enactment), requires annual reports on fund activity, and authorizes annual payments to eligible claimants starting in 2026. This legislation directly affects terrorism victims who receive compensation from the fund and federal agencies that handle forfeited assets from terrorism-related cases.
HR 1424 increases the employer tax credit for providing paid family and medical leave under the Internal Revenue Code. It doubles the credit percentages - from 12.5% to 25% for smaller employers and 25% to 50% for larger employers - and makes the credit permanent by removing its temporary sunset provision. This bill directly affects employers who offer paid leave benefits, reducing their tax burden for providing such coverage. The changes apply to taxable years beginning after December 31, 2025.
This bill (HR 1314, TIPS Act) requires employers to pay tipped workers the standard federal minimum wage instead of the current lower rate (currently $2.13/hour), directly affecting workers in hospitality, food service, and similar roles. It also creates a new tax deduction for cash tips received in qualifying jobs (e.g., restaurants, hotels), allowing workers to deduct these tips from taxable income up to $112,500 in adjusted gross income. The deduction applies only to tips from unrelated customers without business ownership stakes, excluding credit card tips. The tax provisions take effect for 2026 tax years.
This bill requires the U.S. State Department to report to Congress within 90 days on all U.S. funding provided to UNRWA (the UN agency aiding Palestinian refugees) from fiscal years 2020-2024, including monthly breakdowns and how funds were spent. It then prohibits the use of federal funds - directly or indirectly - to support UNRWA starting on the bill’s enactment date. The bill directly affects UNRWA by halting U.S. financial support pending the report, without making any findings about UNRWA’s activities. The key mechanisms are the mandatory funding report and the immediate funding ban.
HR 2209, the Saving NIST’s Workforce Act, prohibits the National Institute of Standards and Technology (NIST) from implementing layoffs or involuntary employee separations (except for misconduct, inefficiency, or delinquency) until after full-year funding for NIST’s fiscal year 2026 budget is enacted. The bill directly affects all NIST employees in the competitive service, excepted service, and senior executive roles by blocking workforce reductions during this period. Key provisions require NIST to maintain current staffing levels through the end of FY2026, unless Congress passes a full-year appropriations bill for that year. This is a procedural measure focused on preserving NIST’s current workforce structure, not creating new programs or altering funding levels.
