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Recent Activity Alert

The bill titled "To amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules for the exclusion from gross income of compensation for losses or damages resulting from certain wildfires," designated as H.R. 5366 in the 119th Congress, introduced on September 15, 2025, aims to make changes to the tax code related to personal casualty losses from major disasters and the exclusion of income from compensation for losses or damages caused by specific wildfires.

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 376 - 8 (Roll no. 284).

Recent Activity Alert

The bill "To amend the Higher Education Act of 1965" introduced in the 119th Congress under the designation H.R. 4795 on July 29, 2025, aims to prohibit institutions participating in a nonexpressive commercial boycott of Israel from receiving certain funds under the Act. It also requires institutions in specific programs under the Act to certify that students are not unreasonably obstructed from engaging in academic programs in Israel, among other purposes.

Subcommittee Hearings Held

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-786, Part I.