The SHORT Act (HR 2395) redefines federal firearm definitions to exclude antique and collector firearms from being classified as firearms, and removes distinctions between short-barreled rifles and shotguns in federal regulations. It prevents state laws from imposing taxes or registration requirements on short-barreled rifles and shotguns, requiring state rules to align with federal compliance instead. The bill also mandates the federal government to destroy specific records related to these firearms within one year of enactment.
The Freedom from Unfair Gun Taxes Act of 2025 would prohibit states and local governments from imposing taxes on the sale of firearms, ammunition, or firearm parts during interstate or foreign commerce. This bill directly affects state tax policies and manufacturers or dealers selling these items across state lines. It explicitly states that the bill does not change the existing federal tax on firearms and ammunition that funds wildlife conservation programs. The key provision bans state-level taxes for these sales in interstate transactions while preserving current federal funding mechanisms.
This bill repeals Section 338 of the Tariff Act of 1930 (19 U.S.C. 1338), which granted the President unilateral authority to impose tariffs without Congressional approval. It directly affects the President's ability to use this specific provision for tariff actions. The key mechanism is the removal of this legal authority from U.S. trade law. The bill makes no other changes to tariff policy or procedures.
HR 2477, the Portable Ultrasound Reimbursement Equity Act of 2025, would amend Medicare rules to require equal reimbursement for portable ultrasound transportation and setup services as is currently provided for portable X-ray services. This change directly affects Medicare beneficiaries needing portable ultrasound exams and healthcare providers (like mobile clinics) who offer these services. The bill mandates that Medicare pay separately for portable ultrasound transportation and setup in the same way and to the same extent as portable X-ray services, using similar supplier requirements as existing regulations. The policy change would take effect for services provided on or after January 1, 2027.
HR 2410 creates a 20% federal tax credit for developers converting older non-residential buildings (at least 20 years old) into affordable housing. The credit applies to qualified conversion costs, requiring that 20% of units be rent-restricted for residents earning 80% or less of the area median income for 30 years. It establishes a $12 billion national credit limit, with $3 billion reserved for conversions in economically distressed areas, and mandates state-level allocation plans prioritizing projects near transit and employment. The bill directly affects developers seeking tax incentives for downtown revitalization, not tenants or local governments.
This bill requires colleges receiving federal financial aid to prohibit events promoting antisemitism, using the International Holocaust Remembrance Alliance's 2016 working definition (including contemporary examples). It bans institutions from authorizing, funding, or otherwise supporting such events on campus. The policy change applies directly to all higher education institutions covered by the Higher Education Act of 1965. This amendment modifies existing federal funding requirements for colleges.
HR 2468, the "No Sanctions Relief for Terrorists Act," prohibits the U.S. government from granting licenses or waivers for transactions involving Iranian individuals and entities listed under Treasury sanctions as of January 20, 2021, unless the President certifies to specific congressional committees that they have ceased terrorist activity. It directly affects U.S. agencies like the Treasury's Office of Foreign Assets Control (OFAC) and any entities seeking to conduct business with those designated Iranian persons. The bill requires the President to certify to the House Foreign Affairs and Financial Services Committees and the Senate Foreign Relations and Banking Committees before sanctions relief can be granted. This law does not change existing general licenses for these transactions that were in place as of January 20, 2021.
This bill, HR 2411, directs the U.S. government to immediately resume funding for the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) by repealing two prior funding restrictions. It requires the State Department to restart payments to UNRWA under existing authorities and mandates the President to rescind a 2025 executive order ending UNRWA support. The bill affects Palestinian refugees in Gaza, Jordan, Lebanon, Syria, and the West Bank who rely on UNRWA for humanitarian aid, as well as U.S. funding mechanisms. It also requires quarterly reports through 2028 on UNRWA’s progress implementing accountability reforms from an independent review led by Catherine Colonna.
HR 2423, the Unfair Tax Prevention Act, amends the U.S. tax code to modify how the base erosion tax applies to certain foreign-owned businesses. It directly affects foreign-controlled entities operating under specific foreign tax systems that impose taxes based on ownership chains, such as those linked to foreign corporations. Key provisions include treating these entities as "applicable taxpayers" for tax purposes, changing a deadline from December 31, 2025, to the bill's enactment date, and counting 50% of their cost of goods sold as a tax benefit while excluding certain other tax rules. The changes apply to taxable years beginning after the bill becomes law.
This bill establishes a single "Southwestern Power Administration Fund" within the U.S. Treasury to consolidate all existing funds managed by the Southwestern Power Administration (SPA), a federal agency that markets power from federally owned dams. It combines SPA's receipts, unexpended balances from three specific legacy funds, and certain appropriations into one account. The fund will cover SPA's core operations: maintaining power transmission lines, marketing electricity, building infrastructure, and administrative costs tied to existing laws like the Flood Control Act of 1944. Any excess funds must be transferred back to the Treasury annually. The bill primarily streamlines how SPA manages its finances without creating new policy.
Reclaim Trade Powers Act This bill repeals the statute that directs the President to take certain actions, such as imposing a tariff of up to 15% for up to 150 days on articles imported into the United States, when necessary to address large and serious U.S. balance-of-payments deficits or certain other situations that present fundamental international payments problems.
HR 2398, the Rural Veterinary Workforce Act, amends federal tax law to exempt certain student loan repayment or forgiveness assistance from income tax for veterinarians working in rural areas. It specifically expands existing tax exclusions to include programs under the National Agricultural Research, Extension, and Teaching Policy Act (7 U.S.C. 3151a) and similar state-level programs designed to increase rural veterinary access. This change directly affects veterinarians participating in qualifying loan repayment or forgiveness programs in states prioritizing rural veterinary services. The policy change modifies IRS tax treatment to reduce the financial burden on veterinarians serving underserved rural communities.
