This bill amends the Elementary and Secondary Education Act to explicitly include accounting education as part of a well-rounded K-12 curriculum. It requires schools to develop and strengthen programs teaching accounting, including increasing access to high-quality accounting courses for students from groups historically underrepresented in accounting careers. The key provision inserts specific language into existing law, directing schools to promote accounting career awareness and expand course availability through grade 12. This directly affects K-12 students, particularly those from underrepresented backgrounds, by making accounting education a recognized component of career-focused learning.
The Middle Class Savings Act adjusts the income thresholds that determine tax rates for capital gains, raising the income levels at which higher tax rates apply. Specifically, it increases the breakpoints for all income brackets - such as raising the threshold from $77,200 to $103,350 for the lowest bracket - so more taxpayers with capital gains income will pay lower tax rates. This change directly affects individuals and households earning capital gains income who fall within these adjusted income ranges. The policy modifies how capital gains are taxed under current law, applying the same income brackets used for regular income to capital gains tax calculations. The amendments take effect for taxable years beginning after December 31, 2024.
HJRES 92 is a congressional disapproval resolution targeting a specific regulatory rule. It seeks to block a rule issued by the Office of the Comptroller of the Currency (OCC) on September 25, 2024 (89 Fed. Reg. 78207), which outlined procedures for reviewing bank merger applications under the Bank Merger Act. If passed, this resolution would make the OCC's rule "have no force or effect," preventing it from being implemented. The resolution directly affects the federal process for reviewing bank mergers but does not change existing law or create new requirements.
HRES 329 is a symbolic resolution commemorating the second anniversary of three separate shootings in Louisville, Kentucky, on April 10 and 15, 2023. It honors the victims (including five killed at Old National Bank, one at Jefferson Community and Technical College, and two at Chickasaw Park) and expresses support for impacted families and communities. The resolution reaffirms the House’s commitment to addressing gun violence but does not create new laws or policy changes. It is a non-binding gesture of remembrance and solidarity with Louisville residents affected by these tragedies.
HR 2885, the Bank Loan Privacy Act, amends the Equal Credit Opportunity Act to require the Consumer Financial Protection Bureau (CFPB) to follow a specific process before deleting or modifying credit data. The bill mandates that the CFPB issue a rule through advance notice and comment, detailing exactly what data changes it plans to make and how those changes will protect privacy interests. This applies directly to the CFPB’s handling of consumer credit data, not to borrowers or lenders. The key provision is a new procedural requirement for transparency in data modifications, ensuring the public understands the Bureau’s actions. It does not change credit terms or consumer rights but alters how the CFPB manages its data.
HR 2880 provides due process protections for federal employees who are promoted to career positions (in the competitive service, excepted service, or Senior Executive Service) and serve under a probationary period. It requires these employees to be covered by existing federal employment laws, including special protections for Department of Veterans Affairs staff. The bill also allows employees removed from such positions between January 20, 2025, and the law's enactment to be reinstated to their former or equivalent role with backpay. Political appointees are excluded from these protections and reinstatement provisions.
HR 2837 establishes an Advisory Council under the Department of Health and Human Services to improve access to existing resources for victims of gun violence. The council, composed of federal agency heads and appointed victims/support professionals, will assess needs, identify effective programs, and compile a public resource hub with contact information for medical, financial, mental health, legal, and government support services. It requires a detailed report within 180 days of enactment and a follow-up report within two years, focusing on gaps in current assistance and coordination. The bill directly affects individuals defined as victims of gun violence (including those wounded, threatened, witnessing incidents, or related to victims) and aims to connect them to existing federal, state, and nonprofit resources without authorizing new funding. The council will sunset after five years.
Transportation Freedom Act This bill reduces taxes on auto companies and repeals specified environmental regulations on cars and trucks. The bill establishes a new tax deduction equal to 200% of eligible wages paid or incurred by domestic producers of automobiles or automobile components, subject to limitations. It also allows an entity to reduce (and adjust) its financial statement income (for purposes of calculating liability for the alternative minimum tax) by the amount of eligible wages it elects to deduct. The bill nullifies the 2024 rules of the Environmental Protection Agency (EPA) regarding (1) the finalization of specified greenhouse gas (GHG) programs and the reduction of emissions from certain light-duty and medium-duty vehicles (e.g., cars and trucks that are under a certain weight) starting with model year 2027, and (2) phase three of GHG emission standards for heavy-duty vehicles (e.g., school buses and tractor-trailer trucks). It also repeals the 2024 rules of the National Highway Traffic Safety Administration (NHTSA) regarding corporate average fuel economy (CAFE) standards for certain cars, trucks, and vans. Additionally, the bill eliminates (1) the option given to California to set standards for car emissions that are more stringent than those set under the Clean Air Act, and (2) the option for other states to adopt California's standards. NHTSA and the EPA must establish new CAFE and GHG standards, respectively, for vehicles that are economically practicable and technologically feasible. The GHG standards may not require the production or sale of electric vehicles.
The S-CAP Act of 2025 increases the maximum number of shareholders allowed for an S corporation from 100 to 250. This change directly affects small businesses that currently operate as S corporations and wish to grow their ownership structure by adding more shareholders. The bill amends the Internal Revenue Code to adjust this shareholder limit, simplifying ownership expansion for qualifying businesses. The new rule takes effect for tax years beginning after December 31, 2025.
The GOSAFE Act prohibits the sale, manufacture, transfer, and possession of gas-operated semi-automatic firearms and large capacity ammunition feeding devices (those holding more than 10 rounds). It defines gas-operated firearms as those that use gas from fired cartridges to cycle the action, requiring the Attorney General to publish a list of prohibited firearms within 180 days. The bill establishes a process for manufacturers to seek approval for new firearm designs before selling to civilians and creates a "Firearm Safety Trust Fund" to cover related costs. Certain firearms are exempt, including single-shot, muzzle-loading, and firearms with permanently fixed magazines holding 10 or fewer rounds. Violations could result in fines up to $5,000 or up to 12 months in prison.
The American Family Act (HR 2763) establishes a new refundable child tax credit that provides monthly payments to eligible families with children. It would pay $300 per month for each child under age 6 and $360 per month (120% of $300) for each child age 6 or older, with income limits of $150,000 for joint filers and $112,500 for other filers. The bill creates a "period of presumptive eligibility" to determine eligibility for monthly payments, allowing families to receive advance payments based on information from previous tax returns. This would directly affect millions of families with children who meet the income requirements, providing more consistent financial support throughout the year rather than an annual tax credit.
HR 2799, the Closing the Bump Stock Loophole Act of 2025, prohibits the sale, possession, and modification of devices that increase the firing rate of semi-automatic firearms to mimic machine guns (commonly called "bump stocks"). It specifically bans manual, power-driven, or electronic devices designed to speed up firing, as well as modified firearms that achieve this effect. Owners of pre-existing modified firearms must register them within 120 days of the law's enactment, with exemptions for government entities and firearms already lawfully modified and registered before the bill passes. The bill does not restrict standard semi-automatic firearms or require registration of unmodified guns.
