Records
Law· SS. 5 (119th)enacted
United States · United States Congress · 6 January 2025
Laken Riley Act This bill requires the Department of Homeland Security (DHS) to detain certain non-U.S. nationals ( aliens under federal law) who have been arrested for burglary, theft, larceny, or shoplifting. The bill also authorizes states to sue the federal government for decisions or alleged failures related to immigration enforcement. Under this bill, DHS must detain an individual who (1) is unlawfully present in the United States or did not possess the necessary documents when applying for admission; and (2) has been charged with, arrested for, convicted of, or admits to having committed acts that constitute the essential elements of burglary, theft, larceny, or shoplifting. The bill also authorizes state governments to sue for injunctive relief over certain immigration-related decisions or alleged failures by the federal government if the decision or failure caused the state or its residents harm, including financial harm of more than $100. Specifically, the state government may sue the federal government over a decision to release a non-U.S. national from custody; failure to fulfill requirements relating to inspecting individuals seeking admission into the United States, including requirements related to asylum interviews; failure to fulfill a requirement to stop issuing visas to nationals of a country that unreasonably denies or delays acceptance of nationals of that country; violation of limitations on immigration parole, such as the requirement that parole be granted only on a case-by-case basis; or failure to detain an individual who has been ordered removed from the United States.
Bill· SJRESS.J.Res. 1 (119th)referred
United States · United States Congress · 7 January 2025
This joint resolution proposes an amendment to the Constitution establishing term limits for individuals serving in the Senate and the House of Representatives. The proposed amendment makes an individual who has served two terms in the Senate ineligible for appointment or election to the Senate and an individual who has served three terms as a Member of the House of Representatives ineligible for election to the House of Representatives. The joint resolution provides that the amendment shall be valid when ratified by the legislatures of three-fourths of the states within seven years after the date of its submission for ratification. Under Article V of the Constitution, both chambers of Congress may propose an amendment by a vote of two-thirds of all Members present for such vote. A proposed amendment must be ratified by the states as prescribed in Article V and as specified by Congress.
Bill· SS. 29 (119th)referred
United States · United States Congress · 7 January 2025
Sunshine Protection Act of 2025 This bill makes daylight saving time the new, permanent standard time. States with areas exempt from daylight saving time may choose the standard time for those areas.
Bill· SS. 9 (119th)open
United States · United States Congress · 7 January 2025
Protection of Women and Girls in Sports Act of 2025 This bill generally prohibits school athletic programs from allowing individuals whose biological sex at birth was male to participate in programs that are for women or girls. Specifically, the bill provides that it is a violation of Title IX of the Education Amendments of 1972 for federally funded education programs or activities to operate, sponsor, or facilitate athletic programs or activities that allow individuals of the male sex to participate in programs or activities that are designated for women or girls. (Title IX prohibits discrimination on the basis of sex in federally funded education programs or activities, including in public elementary and secondary schools and in colleges and universities.) Under the bill, sex is based on an individual's reproductive biology and genetics at birth.
Bill· SS. 33 (119th)referred
United States · United States Congress · 8 January 2025
Separation of Powers Restoration Act of 2025 or SOPRA This bill modifies the scope of judicial review of agency actions to authorize courts reviewing agency actions to decide de novo (i.e., without giving deference to the agency's interpretation) all relevant questions of law, including the interpretation of (1) constitutional and statutory provisions, (2) rules made by agencies, (3) interpretative rules, (4) general statements of policy, and (5) all other agency guidance documents. No law may exempt a civil action from the standard of review required by this bill except by specific reference to such provision.
Bill· SS. 65 (119th)referred
United States · United States Congress · 9 January 2025
Constitutional Concealed Carry Reciprocity Act of 2025 This bill allows a qualified individual to carry a concealed handgun into or possess a concealed handgun in another state that allows its residents to carry concealed firearms. A qualified individual must (1) be eligible to possess, transport, or receive a firearm under federal law; (2) carry a valid photo identification document; and (3) carry a valid state-issued concealed carry permit, or be eligible to carry a concealed firearm in his or her state of residence.
Resolution· SRESS.Res. 19 (119th)passed
United States · United States Congress · 9 January 2025
This resolution (1) mourns the passing of former President Jimmy Carter and extends sympathy to his family; and (2) honors his life, legacy, and contributions to the United States.
Bill· SS. 52 (119th)referred
United States · United States Congress · 9 January 2025
End Child Trafficking Now Act This bill imposes restrictions related to adult non-U.S. nationals ( aliens under federal law) being admitted into the United States with a minor. Such an adult may not be admitted with a minor unless the adult (1) presents documents and witness testimony proving that the adult is a relative or guardian of the minor, or (2) submits to a DNA test that proves such a relationship. The Department of Homeland Security may request a DNA test only if the required relationship cannot be established by the presented documents and witness testimony. An adult who does not consent to a requested DNA test shall be inadmissible. If the required relationship cannot be established and the immigration officer believes the adult is guilty of a felony offense, the officer may arrest the adult. The bill makes it a crime for an adult to knowingly use a minor to whom the adult is not a relative or guardian to enter the United States.
Bill· SS. 70 (119th)referred
United States · United States Congress · 13 January 2025
This bill requires the President to designate Ansarallah, the Iran-backed movement in Yemen also known as the Houthis, as a foreign terrorist organization. The President must also report to Congress a determination as to whether specified foreign persons are officials, agents, or affiliates of Ansarallah.
Resolution· SRESS.Res. 21 (119th)referred
United States · United States Congress · 13 January 2025
This resolution recognizes October 10, 2025, as American Girls in Sports Day. The resolution also calls on sports-governing bodies in the United States and abroad to protect biological women and girls in sports.
Bill· SS. 83 (119th)referred
United States · United States Congress · 14 January 2025
Thin Blue Line Act This bill expands the list of statutory aggravating factors in death penalty determinations to also include killing or targeting a law enforcement officer, firefighter, or other first responder.
Bill· SS. 84 (119th)referred
United States · United States Congress · 14 January 2025
Sarah's Law This bill requires U.S. Immigration and Customs Enforcement (ICE) to detain a non-U.S. national ( alien under federal law) who is unlawfully present in the United States and has been charged with a crime that resulted in the death or serious bodily injury of another person. ICE must make reasonable efforts to obtain information about the identity of any victims of the crimes for which the detained individual was charged or convicted. ICE shall provide the victim, or a relative or guardian of a deceased victim, with information about the detained individual, including name, date of birth, nationality, immigration status, criminal history, and a description of any related removal efforts.
Bill· SS. 94 (119th)referred
United States · United States Congress · 15 January 2025
Miracle on Ice Congressional Gold Medal Act This bill provides for the award of Congressional Gold Medals to the members of the 1980 U.S. Olympic men's ice hockey team in recognition of the team's achievement at the 1980 Winter Olympic Games.
Bill· SS. 100 (119th)referred
United States · United States Congress · 15 January 2025
Repealing Big Brother Overreach Act This bill repeals the Corporate Transparency Act. The act requires existing companies and newly created companies to report beneficial ownership information to the Department of the Treasury’s Financial Crimes Enforcement Network for purposes of addressing the financing of terrorism and money laundering.
Bill· SS. 96 (119th)referred
United States · United States Congress · 15 January 2025
Fostering Autonomy in Independent Returns by Prohibiting Redundant and Extralegal Programs Act of 2025 or the FAIR PREP Act of 2025 This bill prohibits the Internal Revenue Service (IRS) from preparing federal tax returns or refund claims, with some exceptions. The bill specifically prohibits the preparation of federal income tax returns or refund claims through the IRS’s Direct File program. (The Direct File program currently allows qualified taxpayers in 25 participating states to prepare and electronically file free federal tax returns through a portal on the IRS’s website.) The bill defines prepare with respect to federal tax returns and refund claims as (1) the completion (in whole or in part) of any form or schedule for the purpose of calculating federal taxes or refunds, and (2) the filing (either electronically or on paper) of such federal tax returns or refund claims. However, under the bill, federal and state tax returns and refund claims may be prepared through the IRS’s Free File program (a program that allows certain taxpayers to prepare and file free federal and state income tax returns using third-party tax-preparation software) or the Volunteer Income Tax Assistance grant program (through which the IRS partners with local community organizations to help low-income and disabled individuals and persons with limited English proficiency prepare and file free federal and state income tax returns). Further, the Department of the Treasury may not award grants or enter into contracts or other transactions for the development or operation of an electronic tax preparation service.
Bill· SS. 6 (119th)open
United States · United States Congress · 15 January 2025
Born-Alive Abortion Survivors Protection Act This bill establishes requirements for the degree of care a health care practitioner must provide in the case of a child born alive following an abortion or attempted abortion. Specifically, a health care practitioner who is present must (1) exercise the same degree of care as would reasonably be provided to any other child born alive at the same gestational age, and (2) ensure the child is immediately admitted to a hospital. Additionally, a health care practitioner or other employee who has knowledge of a failure to comply with the degree-of-care requirements must immediately report such failure to law enforcement. A health care practitioner who fails to provide the required degree of care, or a health care practitioner or other employee who fails to report such failure, is subject to criminal penalties—a fine, up to five years in prison, or both. An individual who intentionally kills or attempts to kill a child born alive is subject to prosecution for murder. The bill bars the criminal prosecution of a mother of a child born alive under this bill and allows her to bring a civil action against a health care practitioner or other employee for violations.
Bill· SS. 145 (119th)referred
United States · United States Congress · 16 January 2025
Dismantle Iran’s Proxy Act of 2025 This bill requires the President to take actions against Ansarallah, the Iran-backed movement in Yemen also known as the Houthis. Specifically, the bill requires the President to designate Ansarallah as a foreign terrorist organization. (Among other things, such a designation allows the Department of the Treasury to require U.S. financial institutions to block transactions involving the organization.) The President must also (1) impose property blocking sanctions on Ansarallah and any foreign person who is an official, agent, or affiliate of the organization; (2) submit to Congress a determination as to whether three specified individuals are officials, agents, or affiliates of Ansarallah; and (3) submit to Congress a strategy to degrade the offensive capabilities of Ansarallah and to restore freedom of navigation in the Red Sea and nearby waterways.
Bill· SS. 128 (119th)referred
United States · United States Congress · 16 January 2025
Safeguard American Voter Eligibility Act or the SAVE Act This bill requires individuals to provide documentary proof of U.S. citizenship when registering to vote in federal elections. Specifically, the bill prohibits states from accepting and processing an application to register to vote in a federal election unless the applicant presents documentary proof of U.S. citizenship. The bill specifies what documents are considered acceptable proof of U.S. citizenship, such as identification that complies with the REAL ID Act of 2005 that indicates U.S. citizenship. Further, the bill (1) prohibits states from registering an individual to vote in a federal election unless, at the time the individual applies to register to vote, the individual provides documentary proof of U.S. citizenship; and (2) requires states to establish an alternative process under which an applicant may submit other evidence to demonstrate U.S. citizenship. Each state must take affirmative steps on an ongoing basis to ensure that only U.S. citizens are registered to vote, which shall include establishing a program to identify individuals who are not U.S. citizens using information supplied by certain sources. Additionally, states must remove noncitizens from their official lists of eligible voters. The bill allows for a private right of action against an election official who registers an applicant to vote in a federal election who fails to present documentary proof of U.S. citizenship. The bill establishes criminal penalties for certain offenses, including registering an applicant to vote in a federal election who fails to present documentary proof of U.S. citizenship.
Bill· SS. 124 (119th)open
United States · United States Congress · 16 January 2025
Restore Department of Veterans Affairs Accountability Act of 2025 or the Restore VA Accountability Act of 2025 This bill modifies personnel action procedures regarding certain employees and executives of the Department of Veterans Affairs (VA). The bill authorizes the VA to remove from civil service, demote, or suspend VA employees that are supervisors or managers if the VA determines by substantial evidence that the performance or misconduct of such individual warrants such action. This authority does not apply to certain appointees or individuals in their probationary or trial period. Supervisors or managers who are subject to a removal, demotion, or suspension under this bill are entitled to (1) advance notice of the action and supporting evidence, (2) representation by an attorney or representative, and (3) grieve the action in accordance with an internal grievance process. The bill also provides protections from removal, demotion, or suspension for supervisor or managers who are whistleblowers or are seeking corrective action for an alleged prohibited personnel practice such as discrimination. The bill also modifies the procedures to remove, demote, or suspend VA employees or senior executives based on performance or misconduct, specifically by requiring the VA to determine by substantial evidence that the performance or misconduct of the individual warrants such removal, demotion, or suspension. Such procedures must apply retroactively, beginning on the date of enactment of the Department of Veterans Affairs Accountability and Whistleblower Protection Act of 2017 (June 23, 2017).
Bill· SJRESS.J.Res. 3 (119th)open
United States · United States Congress · 21 January 2025
This joint resolution nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the IRS.
Bill· SS. 177 (119th)referred
United States · United States Congress · 22 January 2025
Protect Funding for Women's Health Care Act This bill prohibits federal funding of Planned Parenthood Federation of America or its affiliates, subsidiaries, successors, or clinics.
Bill· SS. 198 (119th)referred
United States · United States Congress · 22 January 2025
PLO and PA Terror Payments Accountability Act of 2025 This bill requires the President to impose sanctions on foreign persons (individuals and entities) that are involved with the Palestinian Liberation Organization (PLO) or Palestinian Authority (PA) system of compensation supporting acts of terrorism. The bill defines this system of compensation as payments to an individual who (1) has been imprisoned for terrorist acts against Israeli or U.S. citizens after being fairly tried, (2) died while committing such terrorist acts, or (3) is a family member of such individuals. The definition also includes compensation for individuals imprisoned for terrorism where the level of compensation is based on the length of incarceration. Specifically, the President must impose visa- and property-blocking sanctions on any foreign person that has facilitated this compensation system, including PLO and PA officials as well as entities such as the Institute for the Care of the Families of the Martyrs and the Wounded. The President must also impose visa- and property-blocking sanctions on foreign persons who knowingly provide significant support to, or engage in significant transactions with, any of the aforementioned persons. The President must sanction foreign financial institutions that facilitate payments or benefits related to this compensation system by (1) prohibiting them from opening correspondent or payable-through accounts in the United States, and (2) prohibiting or imposing strict conditions on the maintenance of such accounts. The provisions of this bill shall terminate if the Department of State certifies that such compensation system has ceased.
Bill· SS. 186 (119th)referred
United States · United States Congress · 22 January 2025
No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025 This bill modifies provisions relating to federal funding for, and health insurance coverage of, abortions. Specifically, the bill prohibits the use of federal funds for abortions or for health coverage that includes abortions. Such restrictions extend to the use of funds in the budget of the District of Columbia. Additionally, abortions may not be provided in a federal health care facility or by a federal employee. Historically, language has been included in annual appropriations bills for the Department of Health and Human Services (HHS) that prohibits the use of federal funds for abortions—such language is commonly referred to as the Hyde Amendment. Similar language is also frequently included in appropriations bills for other federal agencies and the District of Columbia. The bill makes these restrictions permanent and extends the restrictions to all federal funds (rather than specific agencies). The bill's restrictions regarding the use of federal funds do not apply in cases of rape, incest, or where a physical disorder, injury, or illness endangers a woman's life unless an abortion is performed. The Hyde Amendment provides the same exceptions. The bill also prohibits qualified health plans from including coverage for abortions. Currently, qualified health plans may cover abortion, but the portion of the premium attributable to abortion coverage is not eligible for subsidies.
Bill· SS. 195 (119th)open
United States · United States Congress · 22 January 2025
American Music Tourism Act of 2025 This bill directs the National Travel and Tourism Office (NTTO) of the Department of Commerce to promote tourism to music-related and sports attractions. The bill requires NTTO to promote domestic and international travel and tourism to U.S. music festivals, concert venues, and other music-related attractions and locations. The bill also expands NTTO's current mandate to facilitate sports and recreation events and activities to include the promotion of international travel and tourism to such activities in the United States. NTTO must report its activities and findings to Congress within one year after the bill's enactment and, thereafter, every two years.
Bill· SS. 178 (119th)referred
United States · United States Congress · 22 January 2025
Ensuring Accurate and Complete Abortion Data Reporting Act of 2025 This bill requires states, as a condition of federal payment under Medicaid for family planning services, to report certain abortion data to the Centers for Disease Control and Prevention (CDC). (Currently, reporting is voluntary.) The CDC must develop standardized questions for states with respect to specified variables (e.g., maternal demographics and methods of abortion).
Bill· SS. 226 (119th)referred
United States · United States Congress · 23 January 2025
No Tax Dollars for Terrorists Act This bill requires the Department of State to develop and implement a strategy to discourage foreign countries and nongovernmental organizations from providing financial or material support to the Taliban, including by using U.S.-provided foreign assistance to discourage countries and organizations from providing such support to the Taliban. The State Department must report to Congress on (1) foreign countries and nongovernmental organizations that have provided financial or material support to the Taliban and U.S. efforts to oppose such support; (2) the strategy to discourage such support and a plan for the strategy's implementation; (3) U.S.-funded direct cash assistance programs in Afghanistan; and (4) the Afghan Fund, including Taliban influence over Da Afghanistan Bank (the Afghan central bank).
Bill· SS. 213 (119th)referred
United States · United States Congress · 23 January 2025
Main Street Tax Certainty Act This bill makes permanent the qualified business income (QBI) tax deduction. Under current law, individuals, estates, and trusts may deduct the lower of (1) 20% of QBI from a qualified business, qualified real estate investment trust dividends, and qualified publicly traded partnership income; or (2) 20% of taxable income less net capital gain. (Some limitations apply.) However, under current law, the QBI tax deduction expires after December 31, 2025.
Bill· SS. 212 (119th)referred
United States · United States Congress · 23 January 2025
Protect Our Law enforcement with Immigration Control and Enforcement Act of 2025 or the POLICE Act of 2025 This bill makes assaulting a law enforcement officer, firefighter, or other first responder a deportable offense. Specifically, the bill makes deportable any non-U.S. national ( alien under federal law) who has been convicted of (or admits to have committed) any act that constitutes the essential elements of any offense involving assault of a law enforcement officer, firefighter, or other first responder. The Department of Homeland Security must publish annually on its website a report on the number of individuals deported in the previous fiscal year pursuant to this bill.
Bill· SS. 251 (119th)referred
United States · United States Congress · 24 January 2025
Protecting Life in Health Savings Accounts Act This bill excludes expenses paid for an abortion from qualified medical expenses eligible for reimbursement from certain tax-exempt savings accounts. (Some exceptions apply.) Under the bill, amounts paid for an abortion, other than an excluded abortion, are not qualified medical expenses eligible for reimbursement from a health savings account, Archer medical savings account, health flexible spending arrangement, health reimbursement arrangement, or retiree health account. The bill defines excluded abortion as any abortion (1) related to a pregnancy that is the result of rape or incest; or (2) performed because a woman is suffering from a physical disorder, injury, or illness (including a life-endangering physical condition caused by or arising from the pregnancy itself) that would, as certified by a physician, place the woman in danger of death if an abortion were not performed.
Bill· SS. 253 (119th)referred
United States · United States Congress · 24 January 2025
Abortion Is Not Health Care Act of 2025 This bill excludes amounts paid for an abortion from the itemized tax deduction for qualified medical and dental expenses, subject to exceptions. Under current law, individuals who itemize their tax deductions may deduct qualified medical and dental expenses to the extent that such expenses exceed 7.5% of the individual’s adjusted gross income for the tax year. Further, under current law, the calculation of the itemized tax deduction for medical and dental expenses may include amounts paid for a legal abortion. Under the bill, amounts paid for an abortion may not be claimed as part of the itemized deduction for medical and dental expenses. However, under the bill, amounts paid for an abortion may be included in the itemized deduction for medical and dental expenses if (1) the pregnancy is the result of rape or incest; or (2) a woman is suffering from a physical disorder, injury, or illness (including a life-endangering physical condition caused by or arising from the pregnancy itself) that would, as certified by a physician, place the woman in danger of death if an abortion were not performed.
Bill· SS. 277 (119th)open
United States · United States Congress · 28 January 2025
This bill provides for the transfer of the Forest Service's interest in the approximately 0.62-acre parcel of land within the Chickasaw State Forest to the state of Tennessee in order to resolve the encroachment of Bethel Baptist Church on that parcel. Both the parcel and the church are located in Chester County, Tennessee. On August 12, 1955, the Forest Service conveyed the parcel to the state but retained a reversionary interest in the land that takes effect if the state forest land ceases to be used for public purposes. The bill directs the Forest Service to release the reversionary interest to the state. Additionally, the Forest Service must convey to the state its mineral interest in the parcel. The conveyance must be done by quitclaim deed and without warranty or consideration (such as payment). As a condition of the release and the conveyance, the state must pay for any administrative costs incurred by the Forest Service in carrying out the release and conveyance. The Forest Service must release the reversionary interest and convey the parcel without undertaking any appraisal, environmental review, or other report.
Bill· SS. 309 (119th)referred
United States · United States Congress · 29 January 2025
Academic Partnerships Lead Us to Success Act or the A PLUS Act This bill creates a framework under which states may receive federal elementary and secondary education funds on a consolidated basis and use such funds for any educational purpose permitted by state law.
Bill· SS. 292 (119th)referred
United States · United States Congress · 29 January 2025
Bill· SS. 326 (119th)referred
United States · United States Congress · 30 January 2025
American Music Fairness Act This bill establishes that the copyright holder of a sound recording shall have the exclusive right to perform the sound recording through an audio transmission. (Currently, the public performance right only covers performances through a digital audio transmission in certain instances, which means that nonsubscription terrestrial radio stations generally do not have to get a license to publicly perform a copyright-protected sound recording.) Under the bill, a nonsubscription broadcast transmission must have a license to publicly perform such sound recordings. The Copyright Royalty Board must periodically determine the royalty rates for such a license. When determining the rates, the board must base its decision on certain information presented by the parties, including the radio stations' effect on other streams of revenue related to the sound recordings. Terrestrial broadcast stations (and the owners of such stations) that fall below certain revenue thresholds may pay certain flat fees, instead of the board-established rate, for a license to publicly perform copyright-protected sound recordings.
Bill· SS. 334 (119th)referred
United States · United States Congress · 30 January 2025
American Values Act This bill expands restrictions on using U.S. foreign assistance to pay for or promote abortions, involuntary sterilizations, or other related activities. Specifically, the bill expands existing prohibitions, including prohibitions against using foreign assistance to pay for abortions or involuntary sterilization for family planning, to apply to all assistance provided under the Foreign Assistance Act of 1961 (FAA). (Currently, these prohibitions apply to only certain parts of the FAA.) Furthermore, assistance provided under the FAA may not be made available to (1) pay for lobbying for or against abortion, or (2) any organization that supports a program of coercive abortion or involuntary sterilization. (These prohibitions have typically been in appropriations acts, but the bill would make the prohibitions a permanent part of the FAA.) The bill also makes permanent a prohibition against using funds made available to the Peace Corps to pay for abortions except when the pregnancy is the result of rape or incest or when the life of the mother would be endangered if the fetus were carried to term.
Bill· SS. 401 (119th)referred
United States · United States Congress · 4 February 2025
Fair Access to Banking Act This bill places restrictions on certain banks, credit unions, and payment card networks if they refuse to do business with a person who complies with the law. Restrictions include prohibiting the use of electronic funds transfer systems and lending programs, termination of an institution's depository insurance, and specified civil penalties. Banks and other specified financial institutions are allowed to deny financial services to a person only if the denial is justified by a documented failure of that person to meet quantitative, impartial, risk-based standards established in advance by the institution. This justification may not be based upon reputational risks to the institution. The bill establishes the right for a person to bring a civil action for a violation of this bill.
Bill· SS. 394 (119th)referred
United States · United States Congress · 4 February 2025
Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 or the GENIUS Act of 2025 This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed monetary value). Under the bill, only permitted issuers may issue a payment stablecoin in the United States. Permitted issuers must be a subsidiary of an insured depository institution, a federal-qualified nonbank payment stablecoin issuer, or a state-qualified payment stablecoin issuer. Permitted issuers must be regulated by the appropriate federal or state regulator. Permitted issuers may choose federal or state regulation; however, state regulation is limited to those with a stablecoin issuance of $10 billion or less. Permitted issuers must maintain reserves backing the stablecoin on a one-to-one basis using U.S. currency or other similarly liquid assets, as specified. Permitted issuers must also publicly disclose their redemption policy and publish monthly the details of their reserves. The bill sets forth requirements for (1) reusing reserves; (2) providing safekeeping services for stablecoins; and (3) supervisory, examination, and enforcement authority. In a bankruptcy insolvency proceeding involving a payment stablecoin issuer, stablecoin holders have priority over all other claims. Under the bill, permitted payment stablecoins are not considered securities under securities law. However, permitted issuers are subject to the Bank Secrecy Act for anti-money laundering and related purposes. The Federal Reserve must create and implement agreements with other jurisdictions that similarly regulate stablecoins for the purpose of facilitating international transactions and interoperability with U.S. dollar-denominated stablecoins issued overseas.
Law· SJRESS.J.Res. 13 (119th)enacted
United States · United States Congress · 4 February 2025
This joint resolution nullifies the final rule issued by the Department of the Treasury’s Office of the Comptroller of the Currency titled Business Combinations Under the Bank Merger Act and published on September 25, 2024. The rule revises procedures for reviewing applications for proposed bank mergers, such as by removing automatic approvals under an expedited review procedure and by discontinuing streamlined application forms.
Resolution· SRESS.Res. 66 (119th)passed
United States · United States Congress · 6 February 2025
This resolution supports the designation of Career and Technical Education Month to celebrate career and technical education across the United States.
Resolution· SRESS.Res. 64 (119th)passed
United States · United States Congress · 6 February 2025
This resolution commemorates the 67 lives lost in the collision of American Eagle Flight 5342 and the U.S. Army helicopter flying under the call sign PAT 25 near Ronald Reagan Washington National Airport on January 29, 2025. The resolution also expresses gratitude to the law enforcement and emergency medical personnel who responded to the collision.