Senate Committee on Banking, Housing, and Urban Affairs

A bill to impose sanctions and other measures with respect to the Russian Federation, and for other purposes.

The legislation would authorize the U.S. government to impose economic penalties and restrictions on Russia, potentially including sanctions on Russian individuals, companies, and financial institutions in response to Russian government actions. These measures could affect American businesses that do trade with Russia, international financial markets, and Russian entities conducting business with the United States. The bill has been sent to the Senate Banking Committee for review and consideration.

A bill to amend the Securities Act of 1934 to require country-by-country reporting.

Large multinational corporations would be required to publicly disclose their profits, taxes paid, and number of employees in each country where they operate, rather than just reporting global totals. This transparency measure would help investors, regulators, and the public understand how much tax companies pay in different nations and where they're actually making money. The requirement would primarily affect large publicly traded companies and could influence how they structure their international business operations.

A bill to require a study on manufactured homes in areas at high risk of natural hazards and weather extremes.

Congress would require researchers to study how manufactured homes hold up in areas prone to hurricanes, floods, earthquakes, and other severe weather to understand whether current safety standards are adequate. The study would examine whether manufactured homes in high-risk areas need stronger building codes or other protections to keep residents safe. This would affect manufactured home owners, builders, and regulators who set housing safety standards.

Failing Bank Acquisition Fairness Act

Failing Bank Acquisition Fairness Act This bill tightens restrictions on certain waivers granted by federal financial regulators to companies that acquire insured depository institutions. Under current law, a regulator may not approve an acquisition if it would result in an institution exceeding a set concentration limit (i.e., controlling more than 10% of total insured U.S. deposits). This may be waived if one or more of the institutions involved is in default or in danger of default or if the Federal Deposit Insurance Corporation (FDIC) is providing certain assistance. In addition to these requirements, the bill requires the regulator to determine that (1) the merger is necessary to prevent significant economic disruption or financial instability, and (2) FDIC has not received a qualified bid from a company not subject to this concentration limit. The bill also provides capitalization and management standards for qualified bids. Regulators that waive these concentration limits must report to Congress on the circumstances and justification of the waiver.

Common Cents Act

Common Cents Act This 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.

Protecting Privacy in Purchases Act

Protecting Privacy in Purchases Act This bill prohibits payment card networks from using merchant codes that distinguish firearms retailers from general-merchandise retailers or sporting-goods retailers. The Department of Justice must enforce this bill and report annually on the resulting investigations and cases.

A bill to require the Federal Trade Commission to submit a report on foreign investment in the pharmaceutical industry of the United States, and for other purposes.

The Federal Trade Commission would be required to investigate and report on how much foreign companies and investors own or control in the U.S. pharmaceutical industry, including what types of drugs and medicines they're involved with. This report would help Congress understand whether foreign investment in American drug companies could affect drug prices, availability, or national security. The information would be useful for lawmakers deciding whether new rules are needed to protect American interests in the pharmaceutical sector.

A bill to amend the Securities Exchange Act of 1934 to address registration exemptions for securities of issuers that are rural telephone companies, and for other purposes.

The bill would modify rules that allow rural telephone companies to sell securities without going through the full registration process normally required by the Securities and Exchange Commission. This change would make it easier for smaller telephone companies serving rural areas to raise money by issuing stocks or bonds while still maintaining investor protections. The measure affects rural telecommunications companies and investors who purchase their securities.

Financial Exploitation Prevention Act of 2025

Financial Exploitation Prevention Act of 2025 This bill establishes procedures for delaying the redemption of certain securities if an investment company or agent believes that an older individual or an individual with certain impairments has been financially exploited. Specifically, the bill allows for the delay of the redemption of a security issued by an open-end investment management company and serviced by a transfer agent if the company or agent reasonably believes the redemption involves the financial exploitation of an individual (1) age 65 or older, or (2) age 18 or older who is unable to protect his or her own interests due to a mental or physical impairment. (Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds. Transfer agents facilitate certain transactions for corporations and investment companies, including dividend distribution and change of securities ownership.) The company may initially delay the redemption for up to 15 days and, upon making a determination of exploitation, may delay the redemption an additional 10 days. A state regulator, appropriate administrative agency, or court may extend this period. In the event of delay, the company must hold the amounts related to the redemption in a demand deposit account. The bill also establishes notification requirements. The bill requires the registered open-end investment company and transfer agent to notify the Securities and Exchange Commission (SEC) if they elect to comply with the procedures established under this bill. Additionally, the SEC must make recommendations to address the financial exploitation of these adults.

TRIA Program Reauthorization Act of 2026

TRIA Program Reauthorization Act of 2026 This bill reauthorizes the Terrorism Risk Insurance Program through 2034. The program covers a portion of the losses incurred by private insurers for property and casualty insurance coverage for terrorism risk. The bill also increases the amount of property and casualty insurance losses required for certification under the program beginning in 2029 and provides statutory authority for Department of the Treasury public notification requirements regarding the determination process for whether an act qualifies as an act of terrorism under this program.

Artemis II Congressional Gold Medal Act

The crew members of the Artemis II Mission would each receive a Congressional Gold Medal, the highest civilian honor Congress can award, in recognition of their work advancing human space exploration. This medal honors their contributions to the mission, which represents a major step forward in NASA's efforts to return humans to the Moon and eventually explore Mars. The award recognizes both the individual astronauts and their collective achievement in pushing the boundaries of space travel.

Defenders of Bataan and Corregidor Congressional Gold Medal Act

This bill would award a Congressional Gold Medal to American military members and allied soldiers who were captured by Japan during World War II in the Pacific and held as prisoners of war between December 1941 and August 1945. The medal is a prestigious honor that recognizes extraordinary service and sacrifice, and would acknowledge the suffering and resilience of these former prisoners of war. The award would apply collectively to all individuals who meet these criteria, rather than being given to specific individuals.

SAFE Banking Act of 2026

Banks and other financial companies would be protected from federal penalties if they provide banking services to marijuana businesses that are legal under state law. Currently, many banks avoid working with legal marijuana companies because federal law still classifies marijuana as illegal, creating a conflict that puts financial institutions at legal risk. This bill would allow banks to safely serve these state-approved marijuana businesses and their suppliers without fear of federal prosecution or losing their banking licenses.

A bill to amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under that Act.

This bill increases civil penalties for violations of U.S. export control laws. Specifically, the bill increases the maximum statutory civil penalty for each violation of any regulation, order, or license issued under the Export Control Reform Act of 2018 (ECRA) to $1.2 million or four times the value of the transaction, whichever is greater. (Currently, the maximum statutory civil penalty for each violation of ECRA is $300,000 or twice the value of the transaction, whichever is greater. The Department of Commerce's Bureau of Industry and Security adjusts this maximum amount annually for inflation.)

ICTS Supply Chain Security Act of 2026

The bill would strengthen rules around how the U.S. government controls the export of technology and communication services to other countries, with a focus on protecting American supply chains from security risks. It gives federal agencies more authority to review and restrict sales of sensitive tech products and services to foreign buyers, particularly those that could pose national security threats. This would affect technology companies, telecommunications firms, and other businesses that sell products or services internationally.

Investor Choice Act of 2026

The bill would ban companies from forcing customers and employees to sign agreements that require them to settle disputes through private arbitration instead of going to court. This change would allow workers and consumers to pursue lawsuits against securities firms and other companies rather than being locked into private dispute resolution processes. The measure affects anyone who invests in securities or works in the financial industry.

A bill to improve the point-in-time count conducted by the Department of Housing and Urban Development, and for other purposes.

The federal government currently conducts an annual count of homeless people to help guide housing assistance programs, but this bill would improve how that count is done to get more accurate numbers. Better data would help cities and states better understand their homelessness problems and allocate resources more effectively to help people experiencing homelessness. The changes would affect homeless service providers, local governments, and the Department of Housing and Urban Development that oversees these counts.

American Rescuers of the Holocaust Congressional Gold Medal Act of 2026

The government would award a Congressional Gold Medal to recognize Americans who risked their lives to rescue and protect Jews and other refugees fleeing Nazi persecution during the Holocaust. This honor acknowledges the heroic actions of these individuals, whose efforts saved tens of thousands of people from death. The medal represents the nation's gratitude for their courage and humanitarian work during one of history's darkest periods.

Housing Financial Literacy Act of 2026

The federal government would reduce mortgage insurance costs for first-time homebuyers who complete a financial literacy and housing counseling program. This discount would apply to FHA loans, which are popular among people buying their first home because they require smaller down payments than conventional mortgages. The goal is to help new homeowners save money while encouraging them to learn about budgeting and responsible homeownership.

Bureau of Industry and Security License Administration Enhancement Act

The government would streamline and improve how it processes applications for licenses that allow companies to export controlled items like advanced technology and military equipment to other countries. This would make the approval process faster and more efficient while maintaining national security safeguards. The changes affect businesses that export sensitive goods, government agencies that review these exports, and ultimately U.S. competitiveness in global trade.