Track bills, resolutions, and amendments moving through Congress
Financial Stability Oversight Council Improvement Act of 2025
The bill adds procedural protections and interagency consultation to reduce arbitrary designations of systemically risky nonbanks, but those added steps could delay regulatory action and make it harder to impose timely safeguards, potentially increasing systemic risk and costs to taxpayers.
Bringing the Discount Window into the 21st Century Act
The bill aims to make the Fed's emergency lending (discount window) more reliable, transparent, and technologically resilient—helping banks and depositors—while imposing additional costs, tight remediation deadlines that could prompt rushed fixes, and some confidentiality that limits public scrutiny.
504 Program Risk Oversight Act
The bill increases public transparency and risk oversight of the SBA 504 program—helping accountability and potentially stabilizing lending—while raising privacy/reputational risks for some firms, adding administrative costs, and possibly prompting tighter credit for certain small businesses.
Protecting Prudent Investment of Retirement Savings Act
This bill prioritizes protecting retirement assets and strengthening fiduciary transparency and oversight, while increasing compliance and legal burdens and restricting the use of ESG or diversity‑related considerations—trading greater financial primacy and accountability for higher costs and reduced ability to pursue non‑pecuniary goals.
Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
The bill lowers barriers and recurring frictions to capital formation and investment access for issuers and some investors, but it does so by loosening disclosure, oversight, and investor‑protection guardrails—shifting greater risk onto retail investors and potentially increasing systemic exposure.
Billion Dollar Boondoggle Act of 2025
The bill increases transparency and gives Congress tools to identify and curb costly, delayed federal projects—potentially saving taxpayer money and improving accountability—at the cost of added reporting and implementation expenses, risks to commercially sensitive information, and greater politicization of funding disputes.
Miracle on Ice Congressional Gold Medal Act
The bill formally honors a historic U.S. Olympic hockey team and expands public access to commemorative medals while enabling the Mint to recover costs, but it introduces administrative, pricing, custody, and transparency trade-offs that could impose modest costs or restrictions on collectors, institutions, and taxpayers.
Improving Capital Allocation for Newcomers Act of 2025
The bill expands and clarifies private‑fund exemptions to increase capital access and regulatory certainty for funds and startups, but it does so while reducing oversight and transparency for some investors, delaying evidence-based reforms, and creating privacy and future‑proofing risks.
Developing and Empowering our Aspiring Leaders Act of 2025
The bill makes it easier for funds to qualify as venture capital (and provides a clear SEC implementation timeline), which can increase liquidity and flexibility for managers and investors but risks diluting the traditional focus on direct early-stage financing and could enable regulatory arbitrage that weakens investor protections.
Digital Asset Market Clarity Act of 2025
The bill centralizes and clarifies federal oversight—providing stronger custody, disclosure, and AML safeguards and a statutory pathway for some token classifications—while imposing substantial compliance burdens, preempting state rules, creating transitional uncertainty, and leaving protection gaps for non‑brokered crypto users that could harm small firms, some investors, and market liquidity.
China Financial Threat Mitigation Act of 2025
The bill improves transparency and policymaker tools to identify and mitigate U.S. exposure to Chinese financial and data risks—boosting market resilience and informed decision-making—while creating risks of diplomatic friction, market volatility, and potential costlier regulations and taxpayer-funded compliance.
Taiwan Conflict Deterrence Act of 2025
The bill strengthens U.S. ability to identify and cut off financial flows linked to senior PRC officials and increases transparency and enforcement tools, but it raises risks of economic harm to banks, rights impacts on relatives, diplomatic escalation, and expanded enforcement discretion that could produce costly compliance burdens and reduced transparency in some cases.
Senior Security Act of 2025
GENIUS Act
The bill sharply increases consumer safety, AML/sanctions capabilities, and regulatory clarity for payment stablecoins but does so by concentrating issuance among regulated banking entities, imposing heavy compliance and surveillance regimes, and restricting many non‑bank and foreign options—trading broader access and innovation for stronger oversight and stability.
To provide for reconciliation pursuant to title II of H. Con. Res. 14.
This package delivers sizable tax relief, defense/industrial and targeted domestic investments while tightening immigration and benefit rules and expanding fossil fuel development — producing near‑term financial and program gains for many Americans at the cost of higher federal spending, greater compliance burdens, and increased risks to climate, coverage, and immigrant access.
HALOS Act of 2025
Homebuyers Privacy Protection Act
The bill increases privacy and consumer control over mortgage-related credit data and boosts accountability for firms, but it imposes compliance costs, may reduce some prescreened offers consumers find useful, and leaves room for legal uncertainty.
Credit Union Board Modernization Act
The bill applies a risk‑based schedule for board meetings that strengthens oversight for new and weaker credit unions and reduces burdens on well‑run ones, trading off increased protection and efficiency against risks of reduced oversight gaps and added strain on small, volunteer-led institutions.
Recognizing that climate change portends a cascade of financial market collapses that would destabilize the national and global economies.
The bill seeks to reduce long‑term climate and financial risks—protecting homeowners, taxpayers, and the financial system—but doing so may impose near‑term costs, market uncertainty, and stricter insurance/banking requirements that hurt some households and businesses.
Condemning President Trump's pardoning of Binance founder Changpeng Zhao, who had violated United States anti-money laundering laws, and calling for Congress to use its authority to stop this form of corruption.
The resolution signals that pardoning a convicted crypto executive risks eroding public trust and government integrity while potentially increasing financial‑crime risk and market distortions, trading short‑term political or legal actions for harms to financial stability and confidence.
Designating April 2025 as "Financial Literacy Month".
The bill aims to improve financial outcomes by expanding education and access to mainstream financial services for students, workers, and low-income households, but its real-world benefits depend on funding/implementation and it may not adequately guard vulnerable consumers from predatory products.
PROTECT Students Act of 2025
The bill strengthens student protections, transparency, and enforcement to curb low‑value programs and hold institutions accountable, but it raises the risk of higher institutional compliance costs, program closures, privacy and due‑process concerns, and increased federal expenditures—trading stronger consumer protections for greater regulatory and financial disruption in the higher‑education sector.
Women's Retirement Protection Act
The bill strengthens spousal protections and funds community programs to improve women's retirement security, but imposes new compliance and litigation risks, creates recurring federal costs, and may leave structural barriers unaddressed.
Stop Predatory Investing Act
The bill seeks to curb tax advantages for large single-family rental owners to encourage transfers to owner-occupants and nonprofits and reduce investor concentration, but it does so at the cost of higher taxes and compliance burdens for property owners and risks of market disruption and reduced rental investment that could raise housing costs.
BITCOIN Act of 2025
The bill creates a large, transparent federal Bitcoin reserve and legal protections for private self-custody—potentially diversifying government assets and increasing oversight—while concentrating financial, cybersecurity, and fiscal risks on taxpayers and restricting agencies' operational flexibility.
Miracle on Ice Congressional Gold Medal Act
The bill provides formal, federally managed recognition of a historic sports achievement and broad public access to commemorative replicas while relying on buyer-funded sales and Mint accounting to limit new appropriations—but it creates modest taxpayer/admin costs and potential affordability and logistical trade‑offs for collectors and federal staff.
Medicare Dental, Hearing, and Vision Expansion Act of 2025
The bill extends long-sought dental, hearing, and vision benefits to Medicare beneficiaries—improving access and reducing some out-of-pocket costs—while relying on conservative payment rates, coverage limits, competitive procurement, and phased premium adjustments that could limit provider participation, beneficiary choice, and shift costs into future years.
American Housing and Economic Mobility Act of 2025
The bill directs large new federal resources and regulatory changes to expand affordable housing, accessibility, nondiscrimination, and community investment—boosting housing supply and access for underserved groups—while increasing federal spending, tax burdens for some estates, and compliance/market costs that could reduce supply, complicate transactions, or tighten credit in some markets.
PARSA
The bill increases participant privacy, transparency, and fiduciary accountability to reduce risks from ties to foreign adversaries, but does so at the cost of greater compliance burdens, potential new fiduciary liabilities, and possible reductions in investment options or net returns for plan participants.
GENIUS Act of 2025
The bill aims to make payment stablecoins safer and more transparent by imposing strict reserve, custody, supervision, and reporting rules and by creating a federal licensing and oversight regime — but those protections come at the cost of higher compliance costs, delayed rule effect in some cases, increased legal penalties, and risks of reduced competition and regulatory complexity.
