Continuing Appropriations and Extensions Act, 2027 (HR 6500) – This appropriations bill was finalized and passed by both the House and the Senate on Sept. 1. The act funds the fiscal year 2027 government budget through Dec. 11 at current levels. It was signed by the President on Sept. 2.
Prison Staff Safety Enhancement Act (S 307) – This bill is designed to address sexual harassment and sexual assault of Bureau of Prisons correctional officers and other staff by incarcerated prisoners. Specifically, it details national standards for the prevention, reduction, and punishment of perpetrators. The legislation was introduced by Sen. Marsha Blackburn (R-TN) on Jan. 29, 2025. It passed in the Senate on April 29, 2025; in the House on Aug. 31; and was enacted by the president on Sept. 16.
Retire through Ownership Act (S 2403) – Introduced by Sen. Roger Marshall (R-KS) on July 23, 2025, this bill amends the Employee Retirement Income Security Act of 1974. ESOPs are Employee Stock Ownership Plans that enable employees to accrue shares of their employers’ stock as part of a pension plan, in which they receive the cash value of their shares upon retirement. This bill clearly defines how a good-faith valuation should be determined by independent professional appraisers, based on IRS Revenue Ruling 59-60 for valuing privately held stock. In the past, ambiguous valuation methods have resulted in litigation. This act passed in the Senate on October 9, 2025, and in the House on Sept. 16. It currently awaits the president’s signature.
Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (HR 5334) – This largely bipartisan act was championed by the late Sen. Lindsey Graham (R-SC). The legislation imposes a variety of sanctions, tariffs, and prohibitions related to Russia and Iran, and explicitly prohibits U.S. persons from making new investments in Russia. It also expands the tax deduction for early childhood education teachers for classroom expenses. The bill was introduced on Sept. 11, 2025, by Rep. Jimmy Panetta (D-CA). It passed in the House on April 27 and in the Senate on Aug. 7, with final changes agreed upon on Sept. 16. The president signed the bill into law a day later.
Digital Asset Market Clarity Act (HR 3633) – Known as the Clarity Act, the purpose of this Trump Administration-backed bill is to implement the first regulations for the crypto sector. The bill was introduced by Rep. French Hill (R-AR) on May 29, 2025. It passed in the House on July 17, 2025. However, opponents of the bill say the industry-led standards are far too lenient and do not provide enough safeguards. The bill recently failed in the Senate after a party-line cloture vote, which means the debate ended before the floor could vote on the bill (considered a filibuster). The cloture vote does not rule out the Senate trying again at a later date.
Ratepayer Protection Act (HR 9340) – In an effort to rein in AI data center utility costs, this bill would require state utilities to consider adopting standards to ensure cost recovery for the generation, transmission, and distribution services of large-load electricity customers. This high-stakes, bipartisan issue comes ahead of the midterm elections in an effort to assure voters that local data centers will not ramp up local residents’ utility bills. The legislation was introduced by Rep. Gabe Evans (R-CO) on June 18. It passed in the House on Sept. 16 and currently resides in the Senate.
Stopping Political Discrimination in Disaster Assistance Act (HR 1342) – Current law states that federal major disaster emergency relief and assistance must be provided without discrimination on the basis of race, color, religion, nationality, sex, age, disability, English proficiency or economic status. The bill, introduced by Rep. Scott Perry (R-PA) on Feb. 13, 2025, would add political affiliation protection under this requirement. The act passed in the House on Sept. 16 and awaits consideration in the Senate.
Alan F Burke CPA
Pre-Election Focus on Russian/Iran Sanctions, AI Utility Bills, Crypto Regulation and Nondiscriminatory FEMA Assistance
October 1, 2026 · Blog, Congress at Work
⏱ 4 min read
Continuing Appropriations and Extensions Act, 2027 (HR 6500) – This appropriations bill was finalized and passed by both the House and the Senate on Sept. 1. The act funds the fiscal year 2027 government budget through Dec. 11 at current levels. It was signed by the President on Sept. 2.
Prison Staff Safety Enhancement Act (S 307) – This bill is designed to address sexual harassment and sexual assault of Bureau of Prisons correctional officers and other staff by incarcerated prisoners. Specifically, it details national standards for the prevention, reduction, and punishment of perpetrators. The legislation was introduced by Sen. Marsha Blackburn (R-TN) on Jan. 29, 2025. It passed in the Senate on April 29, 2025; in the House on Aug. 31; and was enacted by the president on Sept. 16.
Retire through Ownership Act (S 2403) – Introduced by Sen. Roger Marshall (R-KS) on July 23, 2025, this bill amends the Employee Retirement Income Security Act of 1974. ESOPs are Employee Stock Ownership Plans that enable employees to accrue shares of their employers’ stock as part of a pension plan, in which they receive the cash value of their shares upon retirement. This bill clearly defines how a good-faith valuation should be determined by independent professional appraisers, based on IRS Revenue Ruling 59-60 for valuing privately held stock. In the past, ambiguous valuation methods have resulted in litigation. This act passed in the Senate on October 9, 2025, and in the House on Sept. 16. It currently awaits the president’s signature.
Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (HR 5334) – This largely bipartisan act was championed by the late Sen. Lindsey Graham (R-SC). The legislation imposes a variety of sanctions, tariffs, and prohibitions related to Russia and Iran, and explicitly prohibits U.S. persons from making new investments in Russia. It also expands the tax deduction for early childhood education teachers for classroom expenses. The bill was introduced on Sept. 11, 2025, by Rep. Jimmy Panetta (D-CA). It passed in the House on April 27 and in the Senate on Aug. 7, with final changes agreed upon on Sept. 16. The president signed the bill into law a day later.
Digital Asset Market Clarity Act (HR 3633) – Known as the Clarity Act, the purpose of this Trump Administration-backed bill is to implement the first regulations for the crypto sector. The bill was introduced by Rep. French Hill (R-AR) on May 29, 2025. It passed in the House on July 17, 2025. However, opponents of the bill say the industry-led standards are far too lenient and do not provide enough safeguards. The bill recently failed in the Senate after a party-line cloture vote, which means the debate ended before the floor could vote on the bill (considered a filibuster). The cloture vote does not rule out the Senate trying again at a later date.
Ratepayer Protection Act (HR 9340) – In an effort to rein in AI data center utility costs, this bill would require state utilities to consider adopting standards to ensure cost recovery for the generation, transmission, and distribution services of large-load electricity customers. This high-stakes, bipartisan issue comes ahead of the midterm elections in an effort to assure voters that local data centers will not ramp up local residents’ utility bills. The legislation was introduced by Rep. Gabe Evans (R-CO) on June 18. It passed in the House on Sept. 16 and currently resides in the Senate.
Stopping Political Discrimination in Disaster Assistance Act (HR 1342) – Current law states that federal major disaster emergency relief and assistance must be provided without discrimination on the basis of race, color, religion, nationality, sex, age, disability, English proficiency or economic status. The bill, introduced by Rep. Scott Perry (R-PA) on Feb. 13, 2025, would add political affiliation protection under this requirement. The act passed in the House on Sept. 16 and awaits consideration in the Senate.
Disclaimer
These articles provide general information on tax, accounting, and financial topics for small businesses and individuals. They are educational in nature and are not specific legal, accounting, financial, tax, or other professional advice, and should not be relied upon as such. This content was prepared by Service2Client and may have been reviewed or edited by the website owner for accuracy and compliance. Look for a trust mark below for verification details. No representation is made that any approach described will achieve a particular result, and no regulatory or professional body has reviewed or endorsed this content. Because each situation is different, readers should consult a qualified professional about their specific circumstances before acting. Images accompanying these articles are protected by copyright and may not be copied or reused.
21st Century ROAD to Housing Act (HR 6644) – This bipartisan, White House-endorsed bill addresses housing affordability by placing ownership restrictions on large institutional investors and expanding financing for homebuyers. Introduced by Rep. French Hill (R-AR) on Dec. 11, 2025, it passed in the House on Feb. 9 and in the Senate with changes on March 12. The bill went back and forth between the two chambers until both agreed to the final form on June 23. However, during that time frame, the President withheld his support, and the bill was enacted on July 11 by the 10-day rule (meaning it was neither signed nor vetoed by the President within 10 days of receiving the bill from Congress).
Stop Insider Trading Act (HR 7008) – Known as SITA, this bill would expand the penalties for members of Congress who engage in insider trading, beyond those originally imposed by the STOCK Act of 2012. Under SITA, the penalty would increase from $200 to $2000 or 10 percent of the value of the transaction, whichever is greater, plus any profits. Note that despite violations, the STOCK Act penalties have never been successfully enforced. SITA would also ban legislators, their spouses, and dependents from purchasing individual stocks. It would not require them to discard stocks they currently own; however, in order to sell, they must issue a public notice at least seven days in advance. The bill is not likely to pass in the Senate because it contains provisions related to voting restrictions from the controversial SAVE Act. The bill was introduced by Rep. Bryan Steil (R-WI) on Jan. 12, passed in the House on July 22, and awaits consideration in the Senate, which is currently in recess until Sept. 14.
Common Cents Act (S 1525) – This act was introduced by Rep. Cynthia Lummis (R-WY) on April 30, 2025. The bill instructs the Secretary of the Treasury to stop minting the penny and issue a rule that requires cash transactions to be rounded up or down to the nearest 5 cents. This bill passed in the Senate on Aug. 7 and is now in the House for consideration.
National Plan for Epilepsy Act (S 494) – This bipartisan bill was introduced by Sen. Eric Schmitt (R-MO) on Feb. 10, 2025. Its objective is to require the Department of Health and Human Services (HHS) to develop and implement a national plan to prevent, diagnose, treat, and cure epilepsy. Mandatory activities include coordinating research and services across all federal agencies, soliciting public comments, and establishing an advisory council to report to HHS and Congress every two years with an evaluation of federally funded efforts and recommended actions regarding the nation’s progress on epilepsy. The bill passed in the Senate on Aug. 4 and is now under consideration in the House.
Directing the President, pursuant to section 5(c) of the War Powers Resolution, to remove United States Armed Forces from hostilities with Iran (HConRes 89) – This concurrent resolution would direct the President to remove U.S. troops from engaging in hostilities with Iran sans a declaration of war or Congressional authorization to use military force. Note that the resolution does not prevent the US from defending itself, its military, diplomatic installations, or allies from an imminent attack. The legislation was introduced by Rep. Pramila Jayapal (D-WA) on April 23. It passed in the House on July 23 and currently resides in the Senate.
Billion Dollar Boondoggle Act (HR 1722) – This bipartisan act would require an annual report issued to Congress by the Office of Management and Budget (OMB) that details taxpayer-funded projects that are over budget and behind schedule. The bill was introduced on Feb. 27, 2025, by Rep. Mariannette Miller-Meeks (R-IA). It passed in the House on July 22, 2026, and awaits consideration in the Senate.
Alan F Burke CPA
Focused on Ending Insider Trading, the Penny, Epilepsy, the War in Iran, and Projects that Waste Taxpayer Money
September 1, 2026 · Blog, Congress at Work
⏱ 4 min read
21st Century ROAD to Housing Act (HR 6644) – This bipartisan, White House-endorsed bill addresses housing affordability by placing ownership restrictions on large institutional investors and expanding financing for homebuyers. Introduced by Rep. French Hill (R-AR) on Dec. 11, 2025, it passed in the House on Feb. 9 and in the Senate with changes on March 12. The bill went back and forth between the two chambers until both agreed to the final form on June 23. However, during that time frame, the President withheld his support, and the bill was enacted on July 11 by the 10-day rule (meaning it was neither signed nor vetoed by the President within 10 days of receiving the bill from Congress).
Stop Insider Trading Act (HR 7008) – Known as SITA, this bill would expand the penalties for members of Congress who engage in insider trading, beyond those originally imposed by the STOCK Act of 2012. Under SITA, the penalty would increase from $200 to $2000 or 10 percent of the value of the transaction, whichever is greater, plus any profits. Note that despite violations, the STOCK Act penalties have never been successfully enforced. SITA would also ban legislators, their spouses, and dependents from purchasing individual stocks. It would not require them to discard stocks they currently own; however, in order to sell, they must issue a public notice at least seven days in advance. The bill is not likely to pass in the Senate because it contains provisions related to voting restrictions from the controversial SAVE Act. The bill was introduced by Rep. Bryan Steil (R-WI) on Jan. 12, passed in the House on July 22, and awaits consideration in the Senate, which is currently in recess until Sept. 14.
Common Cents Act (S 1525) – This act was introduced by Rep. Cynthia Lummis (R-WY) on April 30, 2025. The bill instructs the Secretary of the Treasury to stop minting the penny and issue a rule that requires cash transactions to be rounded up or down to the nearest 5 cents. This bill passed in the Senate on Aug. 7 and is now in the House for consideration.
National Plan for Epilepsy Act (S 494) – This bipartisan bill was introduced by Sen. Eric Schmitt (R-MO) on Feb. 10, 2025. Its objective is to require the Department of Health and Human Services (HHS) to develop and implement a national plan to prevent, diagnose, treat, and cure epilepsy. Mandatory activities include coordinating research and services across all federal agencies, soliciting public comments, and establishing an advisory council to report to HHS and Congress every two years with an evaluation of federally funded efforts and recommended actions regarding the nation’s progress on epilepsy. The bill passed in the Senate on Aug. 4 and is now under consideration in the House.
Directing the President, pursuant to section 5(c) of the War Powers Resolution, to remove United States Armed Forces from hostilities with Iran (HConRes 89) – This concurrent resolution would direct the President to remove U.S. troops from engaging in hostilities with Iran sans a declaration of war or Congressional authorization to use military force. Note that the resolution does not prevent the US from defending itself, its military, diplomatic installations, or allies from an imminent attack. The legislation was introduced by Rep. Pramila Jayapal (D-WA) on April 23. It passed in the House on July 23 and currently resides in the Senate.
Billion Dollar Boondoggle Act (HR 1722) – This bipartisan act would require an annual report issued to Congress by the Office of Management and Budget (OMB) that details taxpayer-funded projects that are over budget and behind schedule. The bill was introduced on Feb. 27, 2025, by Rep. Mariannette Miller-Meeks (R-IA). It passed in the House on July 22, 2026, and awaits consideration in the Senate.
Disclaimer
These articles provide general information on tax, accounting, and financial topics for small businesses and individuals. They are educational in nature and are not specific legal, accounting, financial, tax, or other professional advice, and should not be relied upon as such. This content was prepared by Service2Client and may have been reviewed or edited by the website owner for accuracy and compliance. Look for a trust mark below for verification details. No representation is made that any approach described will achieve a particular result, and no regulatory or professional body has reviewed or endorsed this content. Because each situation is different, readers should consult a qualified professional about their specific circumstances before acting. Images accompanying these articles are protected by copyright and may not be copied or reused.
Sunshine Protection Act of 2025 (HR 139) – The purpose of this legislation is to make daylight savings time (DST) permanent for most of the country. States and territories presently exempt from DST may choose the standard time for those areas. This latest version of the bill was introduced by Rep. Vern Buchanan (R-FL) on Jan. 3, 2025. The Act passed in the House on July 14 and faces a mix of cross-aisle opposition and support in the Senate.
Lulu’s Law (S 1003) – Introduced on March 12, 2025, by Sen. Katie Britt (R-AL), this Act authorizes the Federal Communications Commission (FCC) to issue emergency alerts to mobile phones in the event of a shark attack (similar to other alerts, such as severe weather, missing children, etc.). The bill passed in the Senate on July 8, 2025, in the House on May 20 and was signed into law on June 26.
Artist Act (S 254) – The Artist Act amends the Marine Mammal Protection Act of 1972 by prohibiting states from imposing bans specifically on Alaska Native handicrafts and marine mammal ivory products. The bill is designed to protect the cultural practices and livelihood of Native American artists that create handicrafts and clothing using marine mammal ivory, bone or baleen. Introduced by Sen. Dan Sullivan (R-AK) on Jan. 24, 2025, the bill passed in the Senate on Oct. 8, 2025, and in the House on June 3. It was enacted by the president on June 12.
A bill to amend chapters 83 and 84 of title 5, United States Code, to authorize an increase of the retirement age for members of the Capitol Police (S 4530) – Prior to this amendment, members of the Capitol Police were required to retire either at age 57 or, if older than 57, upon completing 20 years of service. A previous waiver enabled officers to continue working until age 60. This bill increases the retirement age to between ages 57 and 62, when such a waiver is in the public interest. The bipartisan bill was introduced by Sen. Mitch McConnell (R-KY) on May 14. It passed in the Senate on May 15, the House on May 19, and became law on May 29.
American Access to Banking Act (HR 4544) – This law is designed to increase the number of community banks by making it easier to start them. Introduced by Rep. Maxine Waters (D-CA) on July 17, 2025, it passed 405-4 in the House on May 20 and is currently under consideration in the Senate.
Community Bank Deposit Access Act of 2025 (HR 5317) – This bill would create exemptions to FDIC rules that allow banks greater flexibility in funding loans. Specifically, the Act would alter how certain types of deposits are treated so they are no longer classified as brokered deposits. The legislation was introduced by Rep. French Hill (R-AR) on Sept. 11, 2025. It passed in the House on May 20 and currently resides in the Senate.
Alan F Burke CPA
Extending Daylight Hours, Protecting Cultural Livelihoods and Making Local Banking Easier
August 1, 2026 · Blog, Congress at Work
⏱ 3 min read
Sunshine Protection Act of 2025 (HR 139) – The purpose of this legislation is to make daylight savings time (DST) permanent for most of the country. States and territories presently exempt from DST may choose the standard time for those areas. This latest version of the bill was introduced by Rep. Vern Buchanan (R-FL) on Jan. 3, 2025. The Act passed in the House on July 14 and faces a mix of cross-aisle opposition and support in the Senate.
Lulu’s Law (S 1003) – Introduced on March 12, 2025, by Sen. Katie Britt (R-AL), this Act authorizes the Federal Communications Commission (FCC) to issue emergency alerts to mobile phones in the event of a shark attack (similar to other alerts, such as severe weather, missing children, etc.). The bill passed in the Senate on July 8, 2025, in the House on May 20 and was signed into law on June 26.
Artist Act (S 254) – The Artist Act amends the Marine Mammal Protection Act of 1972 by prohibiting states from imposing bans specifically on Alaska Native handicrafts and marine mammal ivory products. The bill is designed to protect the cultural practices and livelihood of Native American artists that create handicrafts and clothing using marine mammal ivory, bone or baleen. Introduced by Sen. Dan Sullivan (R-AK) on Jan. 24, 2025, the bill passed in the Senate on Oct. 8, 2025, and in the House on June 3. It was enacted by the president on June 12.
A bill to amend chapters 83 and 84 of title 5, United States Code, to authorize an increase of the retirement age for members of the Capitol Police (S 4530) – Prior to this amendment, members of the Capitol Police were required to retire either at age 57 or, if older than 57, upon completing 20 years of service. A previous waiver enabled officers to continue working until age 60. This bill increases the retirement age to between ages 57 and 62, when such a waiver is in the public interest. The bipartisan bill was introduced by Sen. Mitch McConnell (R-KY) on May 14. It passed in the Senate on May 15, the House on May 19, and became law on May 29.
American Access to Banking Act (HR 4544) – This law is designed to increase the number of community banks by making it easier to start them. Introduced by Rep. Maxine Waters (D-CA) on July 17, 2025, it passed 405-4 in the House on May 20 and is currently under consideration in the Senate.
Community Bank Deposit Access Act of 2025 (HR 5317) – This bill would create exemptions to FDIC rules that allow banks greater flexibility in funding loans. Specifically, the Act would alter how certain types of deposits are treated so they are no longer classified as brokered deposits. The legislation was introduced by Rep. French Hill (R-AR) on Sept. 11, 2025. It passed in the House on May 20 and currently resides in the Senate.
Disclaimer
These articles provide general information on tax, accounting, and financial topics for small businesses and individuals. They are educational in nature and are not specific legal, accounting, financial, tax, or other professional advice, and should not be relied upon as such. This content was prepared by Service2Client and may have been reviewed or edited by the website owner for accuracy and compliance. Look for a trust mark below for verification details. No representation is made that any approach described will achieve a particular result, and no regulatory or professional body has reviewed or endorsed this content. Because each situation is different, readers should consult a qualified professional about their specific circumstances before acting. Images accompanying these articles are protected by copyright and may not be copied or reused.