This bill, titled the Ensuring Better Interest Treatment and Deductibility Act, would change how businesses calculate the limit on interest expenses they can deduct on their taxes. It directly affects corporations and other businesses that pay interest on loans by modifying the rules for determining adjusted taxable income. The key provision removes a specific clause from the tax code that currently limits how much interest can be deducted based on a company's earnings, effectively allowing more interest to be treated as a deductible business expense. These changes would apply to tax years starting after December 31, 2025, meaning businesses would need to adjust their financial planning for future tax filings.
This bill prohibits the use of federal funds for military force in or against Cuba from its enactment until December 31, 2026, unless Congress declares war or passes specific statutory authorization. The restriction applies to all government funds and prevents military actions without congressional approval under the War Powers Resolution. An exception allows military force consistent with the War Powers Resolution's provisions for urgent situations requiring immediate action. The legislation directly affects the U.S. Department of Defense and federal budget processes by limiting how funds can be used for military operations targeting Cuba.
The Home Team Act of 2026 aims to keep professional sports franchises in their home communities by requiring teams to offer local governments, community cooperatives, nonprofits, and local residents a fair chance to buy the team before relocating or closing. The bill prohibits sports leagues from banning public or community ownership of franchises and mandates that any relocation offer local entities a fair market value purchase opportunity. It also establishes a Treasury Department appraisal team to determine fair franchise prices while deducting any public stadium subsidies from that value. The law applies to major leagues including the NFL, NBA, MLB, NHL, MLS, WNBA, and NWSL, and includes penalties for owners who violate the purchase opportunity requirements.
This bill amends the Congressional Accountability Act to require Members of Congress and other employing offices to reimburse the Treasury for settlement amounts and awards paid in employment discrimination cases, including retaliation claims. It also allows individuals whose claims are initially dismissed to file amended versions within 10 days, giving them another chance to pursue their case before being barred from a formal hearing. Additionally, the Office of Employee Advocacy may provide assistance to covered employees filing civil actions related to employment violations, even after the lawsuit has been filed. These changes apply to claims made on or after the bill's enactment date.
This bill requires fertilizer manufacturers and wholesalers to report weekly prices and quantities of nitrogen, phosphorus, potassium, and fertilizer products to the U.S. Department of Agriculture. The reporting must distinguish between domestic and foreign sources while exempting agricultural cooperatives and non-manufacturer retailers from mandatory requirements, though they may voluntarily provide data. The Secretary of Agriculture will make this information publicly available on a weekly basis through a dashboard that aggregates data to protect confidential business details. A separate retail survey program will supplement manufacturer reports with regional price estimates, and the Secretary must review reporting requirements every two years to ensure they remain accurate. The legislation explicitly states that these reporting requirements do not override existing antitrust laws.
This bill designates tax return preparers as official voter registration agencies, allowing them to distribute voter registration forms to clients. It requires in-person tax preparers to display registration forms visibly in their offices and online preparers to provide a prominent hyperlink to registration forms during their services. The law applies to professional tax preparers who handle at least 100 individual tax returns annually and to certified volunteer tax preparers receiving federal funding. Tax preparers are exempt from certain administrative duties like accepting completed forms or submitting them to election officials, and the Secretary of the Treasury must provide guidance and update volunteer tax site requirements to support these new responsibilities.
This bill, titled the "End Polluter Welfare for Enhanced Oil Recovery Act of 2026," eliminates federal tax credits related to enhanced oil recovery (EOR). It directly affects oil and gas companies that utilize or plan to utilize EOR methods. Specifically, the bill strikes Section 43 of the Internal Revenue Code, thereby ending the existing Enhanced Oil Recovery Credit. Furthermore, for new facilities constructed after the bill's enactment, it removes eligibility for the carbon capture tax credit (Section 45Q) when captured carbon oxide is used for enhanced oil recovery. These changes discontinue tax incentives that support specific oil extraction techniques.
HR 3447, the Chip Security Act, requires manufacturers to equip specific advanced integrated circuits (classified under export control numbers like 3A090) with security mechanisms before exporting them. These mechanisms must verify location and prevent unauthorized access, diversion, or tampering. The law mandates this for covered chips within 180 days of enactment, with a follow-up assessment within one year to develop additional security requirements. It directly affects U.S. chip exporters and importers of these high-tech products, aiming to strengthen export control compliance and national security.
HR 3420, the Words Matter Act of 2025, updates federal law to replace the terms "mentally retarded" and "mental retardation" with "intellectual disability" across numerous statutes. It amends over 20 provisions in laws governing healthcare (like the Social Security Act and Indian Health Care Improvement Act), disability services, criminal justice, and federal programs to use more respectful and current terminology. The bill specifically targets definitions in areas such as medical care for families, nursing home regulations, legal sentencing, and grant programs, ensuring consistent language for individuals with intellectual disabilities. The legislation explicitly states this terminology change is purely linguistic and does not alter eligibility, coverage, or rights for affected individuals.
This bill requires the U.S. Department of State to develop a strategy within 120 days to strengthen nuclear energy cooperation with Europe and reduce Russian influence in the nuclear sector. The strategy must assess reactor types, fuel cycles, and U.S. nuclear technology investments to decrease Russia’s market share in uranium, enrichment, and reactor supply by 2030. It authorizes $30 million annually (2025-2029) for U.S. engagement, including capacity building and countering Russian disinformation, targeting European countries with active nuclear programs. The bill directly affects U.S. foreign policy coordination, European energy security, and the competitiveness of U.S./European nuclear technology against Russian suppliers like Rosatom.
Love Lives On Act of 2025 This bill extends entitlement for various benefit programs and services for surviving spouses of deceased members of the Armed Forces or veterans. The bill provides that the remarriage of a surviving spouse must not bar the furnishing of dependency and indemnity compensation or special pension benefits to such spouse. Additionally, the Department of Defense may not terminate the payment of an annuity for a surviving spouse under the Survivor Benefit Plan solely because the surviving spouse remarries. The bill also expands the definition of a dependent under TRICARE to include a remarried widow or widower whose subsequent marriage has ended due to death, divorce, or annulment.
This concurrent resolution formally recognizes Congress's duty to protect the rights and economic security of working women in the United States. It highlights concerns about wage gaps, workplace discrimination, and recent policy changes that the bill's sponsors claim have disproportionately harmed women in the workforce. The document calls for federal action to ensure equal pay, workplace safety, access to healthcare, and the right to unionize, while affirming the importance of women's contributions to the economy. As a non-binding statement of principle, it does not create new laws but serves to express congressional intent and guide future legislative priorities.
