Resident Education Deferred Interest Act or the REDI Act This bill allows borrowers in medical or dental internships or residency programs to defer student loan payments until the completion of their programs.
This bill changes how individual investors in mutual funds (regulated investment companies) are taxed on certain dividends. It allows investors to defer paying tax on capital gain dividends that are automatically reinvested in additional fund shares through a dividend reinvestment plan. The deferred tax is recognized later when the investor sells shares or upon their death. It also establishes that shares acquired through this reinvestment are treated as held for over one year from the start, potentially qualifying for long-term capital gains rates. The rule applies only to individual investors (not estates, trusts, or dependents claimed by others).
The WISH Act would create a federal long-term care insurance program to help seniors cover costs of long-term care services. It would provide monthly benefits to seniors who have a serious disability lasting at least a year, have met coverage requirements (6 quarters of coverage in the base period starting in 2026), and have not exhausted their savings. Benefits would be calculated based on the median cost of personal assistance care and the individual's work history. The program would be funded through an initial $12 million appropriation for each of fiscal years 2026-2028, plus $50 million for public education. This would help seniors avoid exhausting their savings or becoming dependent on Medicaid for long-term care costs.
This bill prohibits federal funding, support, or approval for research using human fetal tissue obtained from induced abortions. It allows research on tissue from miscarriages (under 20 weeks) or stillbirths (20+ weeks) under existing Public Health Service Act rules, and permits development of new cell lines for vaccines or genetic vectors if not derived from abortion tissue. The bill amends the Public Health Service Act to restrict federal research to tissue from miscarriages or stillbirths and clarifies definitions for terms like "miscarriage" and "stillbirth." It directly affects federal agencies like the NIH and researchers relying on federal grants for biomedical studies.
HR 2047, the Pink Tariffs Study Act, requires the Treasury Secretary to conduct a study analyzing how U.S. import tariffs impact different consumer groups. The study must examine whether tariffs are regressive (burdening lower-income consumers more), show gender bias (like higher tariffs on women's clothing vs. men's), and break down effects by gender, family type (e.g., single-parent households), and income level. It mandates the study be completed within one year of the bill's enactment and submitted to Congress. This bill directly affects all U.S. consumers by focusing on how tariff policies may unequally impact them based on these demographic and economic factors.
HR 2033, the Military Spouse Hiring Act, expands the Work Opportunity Tax Credit to include spouses of active-duty military personnel. It adds "qualified military spouse" as an eligible category for the tax credit, meaning employers who hire such spouses can claim the credit. A "qualified military spouse" is defined as someone certified by a local agency as married to an active-duty service member at the time of hire. The credit applies to hires occurring after the bill's enactment date. This directly affects military spouses seeking employment and employers hiring them, providing a tax incentive to encourage their hiring.
HR 2039, the Protecting the Right to Keep and Bear Arms Act of 2025, prevents the President and Health Secretary from using emergency declarations (under the National Emergencies Act or Public Health Service Act) to implement gun control measures. It amends disaster relief law to explicitly prohibit future rules that would ban firearm possession, sales, or accessories during emergencies. The bill directly affects federal agencies and future emergency declarations, blocking them from being used as a tool for gun regulation. It does not change existing gun laws but restricts how emergency powers can be applied to firearms policy.
This resolution (HRES 209) designates April 5, 2025, as "Barth Syndrome Awareness Day" to raise public awareness about Barth syndrome, a rare genetic disorder primarily affecting males. It directly supports patients, families, and caregivers of the estimated fewer than 150 diagnosed individuals in the U.S. who face challenges with diagnosis, limited treatments, and high mortality rates. The bill’s key mechanism is a symbolic House resolution expressing support for the awareness day, recognizing the need for improved diagnosis, research, and treatment development for this ultrarare condition. It does not create new programs or funding but aims to foster greater attention to Barth syndrome through official recognition.
This is a non-binding resolution (HRES 206), not a legislative bill. It expresses the House's support for preserving the "stepped-up basis" tax provision (Section 1014 of the Internal Revenue Code), which allows heirs to reset the tax cost basis of inherited assets like farmland or business equipment to their current market value. The resolution cites that 98% of farms and 19% of businesses are family-owned, noting that eliminating this provision could increase taxes for 66% of midsized farms. It specifically urges opposition to new taxes on family farms and small businesses but does not change any tax law or policy.
This bill adjusts probationary periods for certain federal employees who were involuntarily separated between January 20, 2025, and January 20, 2029. It allows eligible employees (those separated while on probation in an Executive agency) to count their prior service time toward a new probationary period when rehired into a similar position with their former agency. Specifically, the new probation period equals the original required duration minus the time already served in their previous federal role. The law expires on January 20, 2029, and applies only to appointments matching the employee’s prior position.
HR 1990, the American Innovation and R&D Competitiveness Act of 2025, amends tax rules for businesses to make research and development (R&D) costs more flexible. It allows companies to deduct R&D expenses immediately as business costs (instead of capitalizing them) or to spread these costs over a minimum 60-month period. The bill clarifies which R&D expenses qualify, excludes land improvements and mineral exploration costs, and ensures companies can claim R&D tax credits without conflict with expense treatment. This directly affects businesses that conduct R&D, changing how they account for these costs on tax returns starting for 2022 taxable years.
Farm Credit Administration Independent Authority Act This bill specifies that the Farm Credit Administration (FCA) is the sole regulator of the Farm Credit System (FCS) and establishes reporting requirements for FCS institutions (i.e., lenders). Specifically, the bill states that the FCA is the sole and independent regulator of the FCS and exempts entities that are supervised by the FCA from the Equal Credit Opportunity Act (ECOA). As background, the bill addresses a rule issued by the Consumer Financial Protection Bureau (CFPB) that implements provisions of the ECOA by requiring covered financial institutions, including FCS institutions, to collect and report to the CFPB data on credit applications for small businesses, including the principal owner's race, sex, and ethnicity. This 2023 rule has been challenged in court. The bill also requires FCS institutions to (1) request that loan applicants and borrowers that are small farmers disclose information identifying their race, sex, and ethnicity; and (2) annually report the collected information to the FCA. The FCA must make the collected information available to the public on annual basis. If an FCS institution customer does not voluntarily report the requested information, the FCA may not require the institution to use other means to deduce the information. In addition, the bill specifies that FCS institutions shall not be required to comply with the bill's requirements if financial institutions are not required to comply with the CFPB rule due to a court invalidating the rule or a repeal of the rule.
