The SCAM Act requires online platforms that display paid advertisements (like social media sites) to verify advertiser identities, implement scam detection systems, and remove fraudulent ads within 24 hours of confirmation. It directly affects platforms that accept payment for ads, targeting scams such as fake giveaways, romance scams, and AI impersonations that cost consumers $195 billion in 2024 (per FTC data). Key mechanisms include mandatory identity checks for advertisers, active monitoring systems, and a 72-hour investigation window for reported scams. The law aims to reduce fraud by shifting responsibility to platforms, with enforcement by the FTC and state attorneys general.
HR 4304, the FAIR Bet Act, amends the tax code to allow gamblers to deduct 100% of their wagering losses instead of the current 90% limit. This change directly affects individuals who report gambling losses on their federal income tax returns. The key provision modifies Section 165(d) of the Internal Revenue Code to remove the 90% restriction on deducting gambling losses. The bill does not alter how gambling winnings are taxed, only the deduction available for losses.
SRES 606 is a U.S. Senate resolution condemning the Iranian government for violently suppressing peaceful protests and the right to assemble, which has resulted in at least 6,126 reported deaths and 41,800 arrests since December 2025. It highlights Iran's use of internet blackouts, extrajudicial killings, arbitrary detentions, and censorship to crush nationwide demonstrations sparked by economic hardship. The resolution calls on Iran to hold free elections, allow citizens to determine their future, and hold human rights violators accountable, while commending protesters' courage. As a symbolic resolution (not a law), it expresses the Senate's stance without imposing new legal requirements.
HRES 1058 is a non-binding House resolution recognizing the federal government’s duty to develop a Transgender Bill of Rights. It calls for specific policy changes, including amending civil rights laws to explicitly prohibit discrimination based on gender identity in employment, housing, and public accommodations; protecting access to gender-affirming medical care; and streamlining legal recognition of gender identity on federal documents like passports and voter registration. The resolution also proposes expanding protections for transgender and nonbinary individuals in healthcare, education, immigration, and correctional facilities, while emphasizing community-led policy development. As a resolution, it does not create new law but sets a framework for future legislative action.
HRES 1059 is a resolution requesting the President to provide the House of Representatives with documents about the Department of Government Efficiency's (DOGE) access to Social Security Administration data. It specifically asks for information on DOGE's efforts to share Social Security data with organizations related to voter rolls or election results, sharing data with the Department of Homeland Security, using third-party servers like Cloudflare, and any actions potentially violating court orders. The President must submit these documents within 14 days of the resolution's adoption. This resolution is a congressional oversight measure to examine compliance with data privacy laws and court orders, not a policy change.
S 3849, the Community Bank Relief Act, adjusts fee limits for payment card transactions to keep pace with inflation, directly affecting community banks that process debit and credit card payments. It amends federal law to require annual adjustments to the maximum fee banks can charge for these transactions, starting July 2026, using the Consumer Price Index (CPI) from October of each year. The first adjustment uses the difference between October 2025 and October 2009 CPI values, with subsequent annual adjustments tied to the October CPI increase. This change aims to prevent fee limits from losing value over time due to inflation. The bill does not create new fees or alter bank obligations beyond this automatic adjustment mechanism.
This bill requires transparency in lawsuits involving many plaintiffs (like class actions or mass torts) by mandating that lawyers disclose who is funding the case. Specifically, they must reveal the identity and ownership structure of any outside investor - such as a company, foreign entity, or sovereign wealth fund - providing financial support for the lawsuit, including whether the funder is foreign-controlled. These disclosures must be submitted to the court and other parties within 10 days of funding agreements or when the case is filed, with regular public reports on the Judiciary website detailing funding sources and amounts. The law also prohibits funders from influencing legal strategy or settlement decisions and restricts access to sensitive case documents by funders.
HR 7509, the *Deterring Adversarial Access to Americans’ Data Act*, modifies U.S. tax law to impose financial penalties on businesses using technology linked to "foreign adversaries." It directly affects companies that rely on specified foreign-controlled technology (like certain apps or services from designated countries) or are owned by "prohibited foreign entities." Key provisions deny tax benefits including bonus depreciation for such technology, block research expense deductions, adjust business interest deductions, and eliminate R&D credits for affected entities. These changes apply to tax returns filed after the law's effective date, one year post-enactment.
HR 7513, the GSIB Act of 2026, requires the largest global systemically important bank holding companies (GSIBs) to submit detailed annual reports to the Federal Reserve Board. These reports must cover specific disclosures including the bank's size and complexity, branch locations, enforcement actions (including labor and safety violations), trading desk activities, executive compensation comparisons, climate risk strategies, environmental justice impacts, and diversity policies. The bill mandates public availability of these reports on the Federal Reserve's website, increasing transparency around banking practices. This affects only the most significant banks deemed systemically important by regulators, not all financial institutions.
Department of Homeland Security Appropriations Act, 2026 This bill provides FY2026 appropriations for various agencies and offices within the Department of Homeland Security (DHS), except for U.S. Immigration and Customs Enforcement (ICE), U.S. Customs and Border Protection (CBP), and management and oversight activities of the Office of the Secretary. Specifically, the bill provides appropriations to DHS for the Federal Protective Service, the Office of Inspector General, the Transportation Security Administration, the U.S. Coast Guard, the U.S. Secret Service, the Cybersecurity and Infrastructure Security Agency, the Federal Emergency Management Agency (FEMA), U.S. Citizenship and Immigration Services, the Federal Law Enforcement Training Centers, and the Science and Technology Directorate. The bill does not provide appropriations for some agencies and activities that have been funded in prior DHS appropriations acts, including ICE, CBP, and management and oversight activities of the Office of the Secretary.
HR 7500, the Responsible Firearms Marketing Act, directs the Federal Trade Commission (FTC) to study whether firearm advertising or marketing practices are unfair or deceptive, particularly those targeting minors, implying illegal use, or promoting semiautomatic assault weapons. After a two-year study, the FTC must report to Congress and then create enforceable regulations within 18 months to ban such practices. The law specifically prohibits manufacturers, dealers, and importers from using ads that appeal to people under 18, suggest illegal activity, or market assault weapons. Violations would be enforced under existing FTC authority, treating them as unfair or deceptive acts under current law. This bill directly affects firearm industry marketing practices but does not regulate gun sales or ownership.
HR 7506, the "Decreasing Russian Oil Profits Act of 2026," imposes sanctions on foreign companies and individuals involved in purchasing or facilitating the trade of Russian crude oil or petroleum products. It requires the U.S. President to block financial transactions involving such entities after a 90-day delay, targeting those responsible for Russian oil imports or related financial activities. The bill includes limited exceptions for countries that reduce Russian oil purchases (with funds used for agriculture/medicine), countries supporting Ukraine via dedicated accounts, or nations providing significant military/economic aid to Ukraine. Sanctions expire automatically five years after enactment.
