Federal Reserve Transparency Act of 2025

HR425 — Repealing Big Brother Overreach Act

Ends the Corporate Transparency Act and removes its amendments from federal law. It also adjusts related U.S. Code citations and parts of the Anti-Money Laundering Act of 2020 to reflect that repeal. - Repeals the Corporate Transparency Act as title LXIV of division F of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (Public Law 116-283) and removes all amendments made by that Act. - Edits Title 31, United States Code by removing or changing cross-references that mentioned section 5336 and updating references in sections 5321 and 5322. - Alters the Anti-Money Laundering Act of 2020 by repealing section 6502 and striking or modifying portions of section 6509 as described in the bill.

HR1301 — Death Tax Repeal Act

This bill would repeal the federal estate tax and the generation‑skipping transfer tax. It would also reshape gift tax rules by keeping tiered rates but creating a $10 million lifetime exemption indexed for inflation. - Heirs of people who die on or after enactment would not owe the federal estate tax. This removes that tax from those estates. - Donors and high‑net‑worth individuals would still face a gift tax, but under a tiered schedule from 18% to 35% and a $10 million lifetime exemption that is indexed for inflation after 2011. - Generation‑skipping transfers made on or after enactment would not be subject to the GST tax. Qualified domestic trusts for surviving spouses of decedents who died before enactment would follow transitional rules, including changed treatment of distributions after a 10‑year period beginning on the enactment date.

HR38 — Constitutional Concealed Carry Reciprocity Act of 2025

National concealed-carry reciprocity. This bill would create nationwide recognition of state concealed-carry licenses so people with a valid photo ID and a state permit or the right to carry in their home State could carry a concealed handgun in many other States. - Gun owners and travelers: People not federally prohibited from firearms possession who hold a state concealed-carry license or are entitled to carry in their home State could carry a concealed handgun in States that issue permits or do not ban concealed carry. Machine guns and destructive devices are excluded. It would take effect 90 days after enactment. - State and property rights: States would keep the power to prohibit or restrict concealed carry on private property and on State or local government property. The bill also lists federal public lands and agencies where carrying would be allowed in publicly accessible areas, including National Park units and Forest Service land. - Criminal and civil protections: Officers may not arrest absent probable cause that the carry falls outside the law and prosecutors must prove beyond a reasonable doubt when the defense is raised. Prevailing defendants can recover reasonable attorney fees and may sue for deprivation of rights with damages.

HRES719 — Honoring the life and legacy of Charles "Charlie" James Kirk.

Condemns political violence. The resolution condemns the assassination of Charles 'Charlie' James Kirk, honors his life and leadership, and urges swift justice while offering sympathy to his family.

HR21 — Born-Alive Abortion Survivors Protection Act

Mandates care and penalties for infants born alive after an abortion. This bill would set standards of care, require reporting, create criminal penalties, and allow civil suits when an infant is born alive following an abortion. - Women and families: A woman on whom an abortion is performed may sue anyone who violates the law and recover objectively verifiable medical and psychological damages, punitive damages, and statutory damages equal to three times the cost of the abortion. Courts must award reasonable attorney's fees to prevailing plaintiffs and may award fees to defendants if a suit is frivolous. - Health care practitioners and facility employees: Any practitioner present at a birth resulting from an abortion must exercise the same professional skill, care, and diligence as for any other live-born infant of the same gestational age. Practitioners or employees who know of a failure to comply must immediately report the violation to appropriate State or Federal law enforcement. - Criminal and statutory consequences: Violators face fines, up to 5 years in prison, or both, and anyone who intentionally kills a born-alive infant is punished under the murder statute. The bill also updates chapter headings and adds statutory definitions for "abortion" and "attempt."

HR703 — Main Street Tax Certainty Act

This bill would permanently preserve the qualified business income (QBI) deduction by removing the sunset provision in Internal Revenue Code section 199A. The change would apply to taxable years beginning after December 31, 2025, so the deduction would be available for 2026 and later tax years. It achieves this by striking subsection (i) of section 199A and setting that effective date. Taxpayers with qualified business income would continue to claim the QBI deduction under the existing Section 199A rules for those years.