The Municipal Investment and Neighborhood Transformation Act modifies tax law to clarify that state and local bonds backed by letters of credit from Federal Home Loan Banks should retain their tax-exempt status, even with that bank backing. Currently, certain bonds lose their tax-exempt status if they are considered "federally guaranteed," but this bill removes language limiting that designation to bonds issued between 2010 and 2010, effectively restoring tax-exempt treatment for bonds with Federal Home Loan Bank guarantees going forward. The legislation also updates safety standards for these guarantees to be set by the Federal Housing Finance Agency rather than a fixed standard. The changes apply to any guarantees issued after the bill becomes law and are intended to make it easier and more affordable for municipalities to invest in neighborhood improvements by lowering borrowing costs through tax-exempt financing.

College Financial Aid Clarity Act of 2025This bill requires the Department of Education (ED) to develop, and for institutions of higher education (IHEs) to use, a standardized, consumer-tested format for all financial aid offers.Any financial aid offer must include specified details and disclosures, including (1) cost information (e.g., cost of attendance and net price); (2) disclosures related to loans (e.g., applicable interest rates); (3) information on student employment opportunities; and (4) next steps for accepting, adjusting, or declining financial aid.Each IHE that participates in federal student aid programs must (1) include the required information for all financial aid offers (including paper, mobile, or electronic offers), (2) provide supplemental content and disclosures (e.g., requirements for renewing financial aid), and (3) use consistent terminology for all communications related to financial aid offers.

The Build Now Act adjusts federal community development block grant funding to cities and counties based on their housing growth performance. Cities and counties that improve their housing unit growth rates—or that already have extremely high growth (4% annually or more)—will receive bonus funding, while those with below-median growth improvements face a 10 percent reduction in their allocations. The bill excludes jurisdictions facing housing affordability crises, high vacancy rates, recent disasters, or lacking zoning authority. The Department of Housing and Urban Development will calculate housing growth rates using Census Bureau data, publish annual reports on which communities qualify for bonuses or reductions, and notify recipients of their eligibility within 60 days of enactment. The funding adjustments take effect in the third full fiscal year after passage and continue through fiscal year 2043, creating a long-term incentive for communities to remove regulatory barriers and increase housing supply.

Information Quality Assurance Act of 2025This bill requires the Office of Management and Budget to revise the guidelines for federal agencies with respect to the dissemination or use of influential information or evidence, which means information or evidence about which an agency can reasonably determine that reliance on or dissemination of has, or will have, a clear and substantial impact on important public actions, policies or statements, or on important private sector decisions.The guidelines must ensure that federal agencies rely on the best reasonably available influential information and evidence that is appropriate for the purpose when developing, issuing, or informing the public about the rules and guidance of the agency.An agency also must publish (1) the critical factual material relied on as part of the rulemaking or guidance development process, and (2) a citation to any other source used to inform the rulemaking or guidance development process.The guidelines must also require an agency to provide certain opportunities for the public to comment on the critical factual material upon which the agency relied.

The ROAD to Housing Act is a comprehensive federal housing bill that addresses affordable housing supply, disaster recovery, and program accountability through multiple coordinated initiatives. Key provisions include streamlined zoning guidelines and expedited environmental reviews to reduce housing development barriers; $30 million in pilot funding for whole-home repairs for low-income homeowners and landlords; expanded disaster recovery grants administered through a new HUD Long-Term Disaster Recovery Fund; reforms to manufactured and modular housing standards and financing; new competitive grant programs rewarding communities that increase housing supply and adopt pro-housing policies; and strengthened oversight of federal housing agencies through annual congressional reporting and inspector general reviews. The bill also modifies several existing programs—including the HOME Investment Partnerships Program, public housing agency flexibility through expanded "Moving to Work" demonstrations, rural housing assistance, and homeless services—while establishing new protections for appraisal transparency and initiatives to coordinate housing with healthcare services and disaster recovery efforts, with most grant programs authorized through 2031 or 2042.

The Modular Housing Production Act directs the Secretary of Housing and Urban Development to review Federal Housing Administration (FHA) construction financing programs to identify barriers preventing modular home developers from accessing these loans. The bill focuses on examining regulatory obstacles like construction draw schedules that may discourage participation by modular and manufactured home builders. Within one year, the Secretary must publish a report recommending policy changes to reduce these barriers, and within 120 days after that, initiate a formal rulemaking process to establish alternative loan payment schedules specifically tailored for modular home developers. The bill also authorizes grants to study whether a standardized coding system for modular homes could improve construction efficiency and align with financing incentives, though no specific funding amount is allocated. Overall, the legislation aims to streamline FHA programs to make modular housing—which is factory-built and typically more affordable—more accessible to developers and borrowers.

H.Res. 534 is a commemorative resolution honoring the 53rd anniversary of Title IX, the landmark 1972 law that banned sex discrimination in education and athletics. The resolution celebrates the achievements women and girls have made since Title IX's enactment, noting that girls' high school sports participation has increased more than 1,000 percent—from just 1 in 27 girls to 2 in 5 today—and that over 1 billion women have played college sports under its protections. The resolution also recognizes the broader impact of Title IX beyond athletics, including increased funding for women's sports programs, more women in coaching and leadership roles, and expanded opportunities for women in science, technology, business, and other fields. This is a symbolic measure with no funding or programmatic requirements; it simply expresses House support for commemorating Title IX's legacy and protecting female athletes' rights to equal opportunities in competition.

The SPORTS Act establishes federal protections for student-athletes' name, image, and likeness (NIL) rights while creating a regulatory framework for college athletics. The bill allows student-athletes to freely enter into NIL agreements with third parties and prohibits institutions, conferences, and athletic associations from blocking athletes from getting NIL representation, though schools can restrict eligibility for violations of conduct codes or reputational harm. The legislation requires athletes to disclose NIL deals to their schools within 60 days and modifies federal sports agent rules to require disclosure and consent when agents help with endorsement contracts. Colleges must establish databases to help athletes determine fair market value for NIL deals based on anonymized compensation data. Schools receiving federal education funding must provide student-athletes with education on financial literacy, mental health, NIL opportunities, and other support, continue medical coverage for sports injuries for four years after athletes leave, and cannot reduce athletic scholarships based on performance, injury, or roster decisions. The bill preempts conflicting state laws and clarifies that student-athletes are not employees.

Common Cents ActThis bill generally ends the production of the penny and requires rounding to the nearest amount divisible by five for the payment or transfer of cash.The Department of the Treasury must stop producing the penny, except to meet collector needs. The penny shall continue to be legal tender.Any person selling goods or services in a cash transaction, entering into other transfers of cash, or paying cash wages to an employee must round the payment up or down in accordance with the bill.The bill takes effect one year after the date of enactment.

This bill prohibits the U.S. Department of Health and Human Services from using federal money to conduct or fund animal research in four adversarial nations: China (including Hong Kong), Iran, North Korea, and Russia. The law also bars funding for any animal testing research conducted by entities based in these countries or any other nation the HHS Secretary deems a "country of concern" in consultation with the State and Defense Departments. When the HHS Secretary adds a new country to the restricted list, they must submit a detailed report explaining their reasoning to relevant congressional committees within 60 days. This measure applies to all vertebrate animal testing and covers direct federal research activities as well as grants, contracts, and other funding mechanisms. The legislation aims to prevent U.S. taxpayer dollars from supporting animal experimentation in countries considered hostile to American interests.

This bill requires the Employee Benefits Security Administration (EBSA) to provide annual reports to Congress about its investigations into workplace retirement and benefit plans. Starting December 31 after the bill becomes law, EBSA must report on all active investigations and enforcement cases from the previous fiscal year, including which office opened each case, when it started, when documents were first requested, and whether cases were resolved within 36 months. The reports must explain why investigations lasting longer than 36 months have been delayed and provide estimated completion dates, but cannot identify private parties involved such as employers, plan administrators, or employees. This transparency measure affects employers and service providers subject to EBSA investigations under federal pension law, giving Congress better oversight of how long these investigations take and why some cases remain open for extended periods. The bill establishes no new funding requirements and contains no specific implementation timeline beyond the annual December 31 reporting deadline.

The Great Lakes Mapping Act directs the National Oceanic and Atmospheric Administration (NOAA) to create detailed, high-resolution maps of the lakebeds of all five Great Lakes by December 31, 2030. The mapping effort will collect bathymetric data (underwater depth and terrain information) and compile existing lakebed data into a comprehensive public resource. NOAA must coordinate with state governors, relevant state agencies, regional observing systems, and other partners to carry out this work. The agency will release completed maps and data to the public throughout the project and must make all final maps, charts, and related information publicly available within 180 days of completion. Congress has authorized $50 million per year from 2025 through 2029—totaling $250 million—to fund this mapping initiative, with those funds remaining available through fiscal year 2030.

This bill would prohibit colleges, athletic conferences, and sports associations from classifying student athletes as employees based on their participation in varsity sports programs. The legislation explicitly states that student athletes cannot be considered employees under federal or state law simply because they compete in varsity intercollegiate athletics or comply with team membership requirements. The bill affects all student athletes at higher education institutions that sponsor varsity sports teams, as well as the colleges, conferences, and national sports organizations that govern these programs. No funding or implementation timeline is specified in the legislation, which was referred to the House Committee on Education and Workforce for consideration.

H.R. 2689 would transfer all regulatory authorities and duties currently held by registered national securities associations to the Securities and Exchange Commission (SEC). This means the SEC would take over the functions that organizations like FINRA (Financial Industry Regulatory Authority) now perform, including overseeing broker-dealers and enforcing securities rules. The bill would also update all references to national securities associations in federal law and regulations to instead refer to the SEC. The SEC would have two years from the bill's enactment to develop rules for carrying out this transfer, with the changes taking effect two years after the law passes. This represents a significant consolidation of securities regulation authority, shifting self-regulatory organization responsibilities directly to the federal government.

Wastewater Infrastructure Pollution Prevention and Environmental Safety Act or the WIPPES ActThis bill requires entities responsible for the labeling or retail packaging of certain premoistened, nonwoven wipes (e.g., baby wipes, cleaning wipes, or personal care wipes) to label such products clearly and conspicuously with the phrase Do Not Flush and accompanying symbol as depicted under specified industry guidelines.The Federal Trade Commission must enforce these requirements and may issue regulations to implement the bill.

Taiwan Conflict Deterrence Act of 2025This bill, in the event of a threat to U.S. interests by China, (1) requires additional reporting on the domestic and foreign financial activity of specified Chinese officials, and (2) prohibits certain financial transactions with specified Chinese officials.Upon a determination by the President that such a threat exists, the bill requires the Department of the Treasury to (1) report to Congress on funds held by certain members of the Chinese Communist Party, including the total amount of funds, a description of the funds, and a list of related financial institutions; and (2) brief Congress on how these funds were acquired and any illicit or corrupt means employed to acquire or use the funds. These requirements are subject to specified exemptions and waivers.After such a report is made, Treasury must prohibit significant transactions between U.S. financial institutions and these individuals (and their immediate family, if appropriate). The bill provides exceptions for intelligence, law enforcement, and national security activities. The President may waive the prohibition under certain circumstances.

This resolution elects Chairs for the following committees:AgricultureAppropriationsArmed ServicesBudgetEducation and WorkforceEnergy and CommerceFinancial ServicesForeign AffairsHomeland SecurityJudiciary National ResourcesOversight and Government ReformScience, Space, and Technology Small BusinessTransportation and InfrastructureVeterans' AffairsWays and Means

This resolution provides that Kevin McCumber of Illinois is elected Clerk, William McFarland of Maryland is elected Sergeant-at-Arms, and Catherine Szpindor of Virginia is elected Chief Administrative Officer of the House of Representatives.