HR 1494, the Sporting Goods Excise Tax Modernization Act, requires online marketplaces (like Amazon or eBay) to collect the federal excise tax on sporting goods sold through their platforms, rather than leaving this responsibility to individual sellers. It specifically targets platforms that host third-party seller listings and facilitate transactions for goods imported from outside the U.S. The bill treats these marketplaces as the "importer" for tax purposes, making them liable for the tax on qualifying sporting goods sales. This change applies to sales after a 60-day grace period following the bill's enactment, with no impact on taxes already owed by other parties.
This bill prohibits marijuana businesses from deducting ordinary business expenses on their federal tax returns. It amends federal tax law to deny deductions or credits for any costs related to selling marijuana (which remains illegal under federal law), directly affecting state-legal marijuana businesses operating under state law but subject to federal prohibition. The key provision requires these businesses to pay taxes on their full gross income without subtracting standard business costs like rent or supplies. The rule applies to tax years beginning after the bill's enactment date.
HR 1502 authorizes the creation of a Congressional Gold Medal to honor the volunteers and communities (primarily from Nebraska, Colorado, and Kansas) who supported the North Platte Canteen during World War II. The bill directs the Treasury Secretary to design and strike the medal, which will be presented to the individuals who contributed to the canteen’s operations and then permanently displayed at the Lincoln County Historical Museum in North Platte, Nebraska. It also permits the sale of bronze duplicates to cover production costs, with proceeds going to the U.S. Mint. This is a commemorative measure recognizing historical service, not a policy change affecting current laws or programs.
The DEFUND Act of 2025 would terminate U.S. membership in the United Nations and all its affiliated bodies, including the World Health Organization, by repealing the legal foundations for U.S. participation. It requires the closure of the U.S. Mission to the UN, withdrawal from UN headquarters agreements, and the cessation of all U.S. financial contributions to the UN (except for termination costs). The bill also mandates that UN entities vacate U.S. government properties, revokes diplomatic immunity for UN officials in the U.S., and prohibits U.S. involvement in UN peacekeeping operations. Future U.S. re-entry into the UN would require Senate approval and a reservation allowing for immediate withdrawal.
HR 1492 amends the Social Security Act to extend the negotiation period for standard drug manufacturers under the federal drug pricing program. Specifically, it changes the timeframe from 7 years to 11 years for small-molecule drugs (like traditional pills) to negotiate prices with the government, aligning it with the existing 12-year period for complex biologic drugs (like insulin or monoclonal antibodies). This adjustment directly affects pharmaceutical companies that produce small-molecule drugs, giving them a longer window to negotiate pricing terms. The bill makes this change effective as if it had been part of the 2022 law that established the program.
This bill would require states to create a simplified process for out-of-state healthcare providers to join Medicaid and CHIP programs. Qualified providers (those already enrolled in Medicare or another state's program with low fraud risk) could enroll without excessive screening and would be approved for five years. It directly affects children under 21 enrolled in Medicaid or CHIP by expanding access to providers outside their state, particularly in underserved areas. The change applies to all states' Medicaid programs but takes effect three years after enactment.
This bill prohibits the Securities and Exchange Commission (SEC) from requiring national securities exchanges, associations, or their members to share investors' personally identifiable information (PII) - like names, addresses, or Social Security numbers - for routine consolidated audit trail reporting. It allows the SEC to request PII *only* during investigations into securities law violations or related enforcement actions, and requires exchanges to provide it within 24 hours (or a reasonable extension). The SEC must destroy any such PII within 24 hours after the investigation concludes. The bill directly affects securities exchanges and their members by restricting how they handle investor data under federal reporting rules.
S 669, the DEFUND Act of 2025, would end all U.S. participation in the United Nations and its affiliated bodies. It repeals laws enabling U.S. membership, terminates U.S. UN membership, closes the U.S. Mission to the UN, and prohibits all funding for UN contributions or peacekeeping operations. The bill also requires the UN to vacate U.S. government property, revokes diplomatic privileges for UN personnel, and bans future U.S. re-entry into the UN without explicit Senate approval. This directly affects the U.S. government's international obligations and the operational capacity of UN entities in the U.S.
This bill prohibits U.S. federal funds from supporting two international environmental agreements until specific reclassifications of China occur. It blocks funding for the Montreal Protocol (regarding ozone-depleting substances) until China is removed from the "developing country" category in that agreement, and blocks funding for the UN Climate Change Convention until China is added to Annex I (which lists developed nations). The restrictions remain in place until the President certifies to congressional committees that these reclassifications have been made by the relevant international bodies. The bill directly affects U.S. government funding for these global environmental programs.
This bill requires federal agencies to make their regulations available in machine-readable formats and improves how agencies review existing rules. It mandates an 180-day report on current progress toward machine-readable regulations, followed by OMB guidance within 18 months on using technology (like AI) to identify outdated, burdensome, or conflicting rules. Agencies must then submit implementation plans within two years, detailing how they will use this technology for retrospective reviews, and begin executing those plans within 180 days. The bill directly affects all federal agencies responsible for creating regulations, focusing on concrete procedural changes to modernize regulatory oversight.
The ENABLE Act permanently extends two key provisions for ABLE accounts, which are tax-advantaged savings accounts designed for people with disabilities. It removes expiration dates for higher contribution limits (previously set to end in 2026) and for rolling over funds from 529 college savings plans into ABLE accounts. The bill also makes the savers credit applicable to ABLE account contributions, allowing eligible individuals to claim tax credits for their savings. These changes directly benefit people with disabilities who use ABLE accounts to save for qualified expenses without risking eligibility for government benefits.
S 615, the Chemical Tax Repeal Act, repeals excise taxes on specific chemicals and substances currently levied under the Internal Revenue Code. It removes Subchapters B and C of Chapter 38 (which governed these taxes) from the tax code, directly affecting chemical manufacturers and distributors who paid these taxes. The repeal takes effect January 1, 2025, eliminating these specific tax obligations for affected businesses.
