Sen. Bill Hagerty

Capital Gains Inflation Relief Act of 2021 This bill allows the adjusted basis of certain assets (including any common stock in a C corporation, any digital asset, and tangible property used in a trade or business) to be indexed for inflation for the purpose of determining the gain or loss of a taxpayer (other than a corporation) who has held the asset for more than three years. The bill sets forth rules for applying the inflation adjustment to short sales; regulated investment companies; real estate investment trusts; other pass-through entities, including partnerships, S corporations, and common trust funds; dispositions between related persons; and improvements to property or contributions of capital. The Internal Revenue Service may disallow an adjustment if any person transfers cash, debt, or any other property to another person for the principal purpose of securing or increasing the adjustment allowed by this bill.

This concurrent resolution celebrates the first anniversary of the signing of the Geneva Consensus Declaration on Promoting Women's Health and Strengthening the Family.

Keeping Our COVID-19 Heroes Employed Act This bill exempts essential workers from COVID-19 vaccination requirements imposed by the federal government and contractors, public entities that received federal COVID-19 relief funds, and private entities that received any federal funds. An essential worker is an individual who was deemed to be essential or exempted from response measures during the COVID-19 pandemic by a state, tribe, or territory.

Upholding the 1995 Jerusalem Embassy Law Act of 2021 This bill prohibits using federal funds to establish any diplomatic facility in Jerusalem other than the U.S. Embassy to Israel.

Prohibiting IRS Financial Surveillance Act This bill prohibits the Department of the Treasury from requiring a financial institution to report the balances, transactions, or the transfers into and out of a financial account. This prohibition does not apply to laws or regulations in effect on the date of enactment.

This resolution supports the designation of October 3-October 9, 2021, as National 4-H Week. It also (1) recognizes the important role of 4-H in youth development and education, and (2) encourages all citizens to recognize 4-H for the significant impact the organization and members have made and continue to make by empowering young people with the skills needed to lead for a lifetime.

Viral Gain of Function Research Moratorium Act This bill prohibits the award of federal research grants to institutions of higher education or research institutes that conduct gain-of-function research. Gain-of-function research refers to any research that (1) may be reasonably anticipated to confer attributes to influenza, MERS, or SARS viruses such that the virus would have enhanced pathogenicity or transmissibility in an organism; or (2) involves the enhancement of potential pandemic pathogens or related risky research with potentially dangerous pathogens.

This resolution recognizes (1) the celebration of Hispanic Heritage Month from September 15 - October 15, 2021; and (2) the integral role of Latinos and their manifold heritage in the economy, culture, and identity of the United States.

Maddy summarySRES 372 is a symbolic Senate resolution designating the week beginning September 13, 2021, as "National Hispanic-Serving Institutions Week." It recognizes Hispanic-Serving Institutions (HSIs) - colleges and universities with at least 25% Hispanic undergraduate enrollment - as vital providers of higher education to underserved students, particularly Hispanic learners. The resolution calls on the public and organizations to observe the week with events supporting these institutions, which serve 2.3 million Hispanic students nationwide. This is a non-binding commemorative measure with no policy changes or funding impacts.

Maddy summaryS 2973 establishes an Inspector General (IG) position specifically for the National Institutes of Health (NIH). The bill amends the Inspector General Act of 1978 to add the NIH Director to the list of agency heads requiring an IG, replacing the National Reconnaissance Office reference. It mandates that the President appoint an IG for the NIH within 180 days of the bill's enactment, following the standard process outlined in the existing Act. This is a procedural bill creating a new oversight role within the NIH, directly affecting the agency's internal accountability structure.