Improving the Lives of the American People Act
Sponsored By: Representative Magaziner, Seth [D-RI-2]
In Committee
Summary
Limits personal trading and investment holdings for senior officials. The bill bars many Members of Congress, the President, the Vice President, and certain family trust interests from owning or trading a broad set of securities, and pairs those limits with divestiture rules, penalties, and a certificate of divestiture program. It also creates a guaranteed paid annual leave benefit for workers and restores clean energy tax credits while expanding Medicare coverage for fall‑prevention items.
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- Public officials: Covered individuals may not own or trade defined "covered investments" during federal service. They must divest under set timelines, generally 180 days for current holdings and 90 days for new officeholders, and violations carry civil penalties and public disclosure.
- Workers: Employees earn at least 1 hour of paid annual leave for every 25 hours worked, with a 12‑month accrual cap of 80 hours and carryover of up to 40 hours. Employers must post notices, track balances, and may not retaliate for using or enforcing leave rights.
- Medicare beneficiaries: Adds "fall prevention items" such as grab bars, non‑slip mats, shower chairs, and bed rails to Medicare coverage when furnished with a practitioner order. Payments for these items are exempt from sequestration and the coverage takes effect 60 days after enactment.
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Bill Overview
Analyzed Economic Effects
12 provisions identified: 9 benefits, 0 costs, 3 mixed.
Make medical privacy rule enforceable
If enacted, the bill would give the Consumer Financial Protection Bureau's final rule on medical information (published January 14, 2025) the force and effect of law. That would make the rule's limits on how creditors and consumer reporting agencies use or disclose medical information legally enforceable.
Head Start funding through 2028
If enacted, the bill would appropriate such sums as necessary to keep Head Start activities funded through September 30, 2028, under the account levels and conditions in applicable FY2026 HHS appropriations. Funds could not be used to start or resume projects that were specifically barred in fiscal year 2026.
Restore and extend clean energy credits
If enacted, the bill would restore tax credit rules for wind and solar projects and change the energy property credit rate from 0% to 2%. It would also extend the clean energy production credit's phase‑out so it ends the later of the year U.S. power‑sector emissions fall to 25% of 2022 levels or 2032. The changes would apply as if included in Public Law 119‑21.
Higher military pay and disability
If enacted, the bill would raise monthly basic pay for uniformed service members by 4.0% effective October 1, 2026. It would also increase wartime disability compensation dollar rates by 3.0% effective October 1, 2026.
New federal paid annual leave
If enacted, the bill would require employers to give paid annual leave at a minimum rate of 1 hour for every 25 hours worked, up to 80 hours in any 12‑month period. Accrual would begin at the start of employment and exempt employees would be deemed to work 40 hours a week for accrual. Employers could not require more than 2 weeks' notice for planned leave, must pay regular rate while on leave, and must maintain benefits as if employment continued.
Undo parts of Public Law 119‑21
If enacted, the bill would repeal sections 10101 through 10108 of Public Law 119‑21 and restore the prior text of the laws those sections changed. The practical winners and losers would depend on which specific program rules are restored by that repeal. The repeal would be applied as if the removed sections had never been enacted.
New ban on public officials' investments
If enacted, the bill would bar covered public officials (Members of Congress, the President, VP, certain trustees, spouses, and dependent children) from directly or indirectly owning or trading many investments while serving. Covered officials would generally have to divest at fair market value within 180 days if covered on enactment, or 90 days if they become covered later or acquire the asset other than by purchase. Supervising ethics offices would issue certificates of divestiture under the tax code when compliance is shown, could grant narrow exceptions, and could assess a penalty equal to 10% of the investment plus disgorgement of illegal profits. Losses from trades made in violation of these rules could not be deducted on income tax returns, and the Office would publish fines and reasons publicly.
Longer cybersecurity education loans
If enacted, the bill would extend a cybersecurity education loan program period from 3 years to 5 years. It would also clarify that students may receive the full loan amount described in the program even if other student‑aid limits under part D would otherwise apply.
Help for hiring dual‑enrollment grads
If enacted, the bill would direct the Small Business Administration to provide voluntary guidance to small businesses on hiring graduates of dual or concurrent enrollment programs. SBA would also give students information about Small Business Development Center services. The assistance must be provided within 180 days after the date of enactment.
New DHS intelligence oversight office
If enacted, the Secretary of Homeland Security would establish an Intelligence Transparency and Oversight Program Office led by a senior career Ombuds who holds no other DHS job. The Ombuds would hear confidential concerns about civil liberties and politicization, make recommendations, and may report urgent matters to Congress. DHS intelligence component heads would have 60 days to respond to Ombuds recommendations, and the Ombuds must submit annual reports starting one year after enactment.
Ban offshore oil and gas leasing
If enacted, the bill would amend the Outer Continental Shelf Lands Act to bar the Secretary from issuing any new lease for oil or natural gas exploration, development, or production off the coasts of Maine, New Hampshire, Massachusetts, Rhode Island, and Connecticut. Companies could not get new federal leases in those ocean areas.
Medicare coverage for fall prevention
If enacted, the bill would add a Medicare category for fall prevention items (for example, grab bars, non‑slip mats, shower chairs, and bed rails) when furnished under a physician or practitioner order. Payments for these items would be exempt from sequestration and PAYGO reductions. The Medicare change would begin 60 days after the date of enactment.
Sponsors & CoSponsors
Sponsor
Magaziner, Seth [D-RI-2]
RI • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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