This bill amends the EB-5 immigrant investor visa program to prioritize housing projects. It redefines "housing project" to include rental housing or homes for purchase as primary residences and directs U.S. Citizenship and Immigration Services to prioritize processing applications for such projects, especially those using federal housing programs like Section 42 tax credits or HOME funds. The bill requires annual reports from Homeland Security on housing-related EB-5 applications and impacts, and mandates a GAO review after three years to assess whether the changes increase immigrant investment in housing. It does not change visa quotas or create new funding but streamlines processing for housing-focused investments.
The SROS Act (S 3189) excludes retirement income from gross income for eligible school resource officers during their employment. It applies to individuals who retired from military or law enforcement roles, cleared required background checks, and comply with state peace officer training standards. The bill creates a tax exclusion for retirement payments received while working as a school resource officer, with an additional lifetime exemption for those serving 10+ years in that role. Law enforcement agencies must report employment start/end dates to the IRS, and the changes take effect for taxable years after enactment.
This bill extends two key Affordable Care Act provisions. It delays the expiration of temporary subsidies that help lower-income people afford health insurance premiums, moving the deadline from 2026 to 2028 (affecting millions buying coverage through health insurance marketplaces). It also extends the open enrollment period for 2026 health plans until January 15, 2026. The changes apply to tax years beginning after December 31, 2025, ensuring continued access to subsidies and enrollment flexibility through 2028.
Shutdown Fairness Act This bill provides appropriations to pay federal employees who work during a government shutdown. Specifically, the bill provides appropriations for federal agencies to provide standard rates of pay, allowances, pay differentials, benefits, and other payments to excepted employees for work performed during any period in which interim continuing appropriations or full-year appropriations are not in effect for a fiscal year (i.e., a government shutdown). An excepted employee is an employee who is required to work during a government shutdown. Under current law, excepted employees are not paid until the government shutdown is over. This bill provides appropriations to pay excepted employees during a government shutdown. The bill also specifies that the term excepted employee includes certain contractors who support federal employees during a government shutdown and members of the Armed Forces who are on active duty. A federal agency may not use the funds provided by this bill during any period in which continuing appropriations are in effect for the purpose of paying excepted employees of the agency. The bill must take effect as if it had been enacted on September 30, 2025.
This bill amends an existing tax law provision to clarify that any business activity facilitating order solicitation (e.g., online ordering systems or marketing) counts as "solicitation" for sales tax purposes - even if the activity also serves other business functions. It directly affects businesses selling goods or services across state lines, particularly those operating online or with out-of-state customers. The key change adds a specific definition to Section 101(d) of the 1959 tax law, simplifying how states determine when sales tax applies to remote transactions. This is a procedural clarification, not a new tax or regulation.
This bill lowers the federal excise tax rate for a specific type of fishing equipment. It changes the tax rate for portable, electronically-aerated bait containers from 10% to 3%, applying to manufacturers, producers, or importers selling these containers after December 31, 2025. The key provision replaces the standard tax rate with a reduced 3% rate for this defined product category. This directly affects businesses that produce or import these specialized bait containers used by anglers.
This joint resolution proposes a constitutional amendment that prohibits total outlays for any fiscal year from exceeding total receipts for that fiscal year. The amendment also prohibits (1) increases to the federal debt limit, and (2) a bill that increases revenue from becoming law unless the bill has been approved by two-thirds of each chamber of Congress with a roll call vote.
The "No Tax Breaks for Outsourcing Act" (S 409) amends U.S. tax rules to prevent corporations from avoiding taxes through foreign operations. It changes the definition of taxable foreign income from "global intangible low-taxed income" to "net CFC tested income" and requires country-by-country reporting of income for tax purposes. The bill also limits interest deductions for certain corporations in international financial reporting groups and modifies rules for "inverted corporations" (foreign companies that acquire U.S. companies to avoid taxes). These changes aim to close tax loopholes that allow companies to outsource operations to foreign jurisdictions while reducing their U.S. tax burden. The bill's provisions would generally apply to taxable years beginning after December 31, 2024.
The Fiscal State of the Nation Act requires the chairs of the House and Senate Budget Committees to hold an annual joint hearing within 45 days after the Treasury submits its annual financial report. At this hearing, the Comptroller General must present a nonpartisan analysis of the federal government's financial condition, including budget deficits, surpluses, and long-term fiscal projections, based on the Treasury's report. The hearing must be open to the public and media, and all members of Congress may participate, regardless of committee membership. This requirement applies to financial reports submitted on or after the bill's enactment date.
This bill creates a federal tax deduction for certain overtime pay, making it non-taxable for eligible workers. It directly affects employees who earn overtime under the Fair Labor Standards Act (FLSA) or as specified in binding collective bargaining agreements, specifically pay exceeding 40 hours per workweek at 1.5x their regular rate. The key provision amends tax law to exclude this defined "qualified overtime compensation" from taxable income, removing federal income tax liability for those specific overtime earnings. The change applies to tax years beginning after December 31, 2024.
