Mike Rounds

Stop Stealing our Chips Act

Stop Stealing our Chips Act This bill creates a whistleblower incentive program and establishes whistleblower protections for individuals who provide information to the Department of Commerce's Bureau of Industry and Security (BIS) related to violations of U.S. export control laws. Currently, BIS administers and enforces controls on the export of dual-use goods (e.g., items with both civilian and military uses) and certain military parts and components. These export controls are implemented primarily under the Export Control Reform Act of 2018 (ECRA) through the Export Administration Regulations. Under the bill, BIS must establish a whistleblower incentive program to reward individuals who voluntarily report original information that results in BIS imposing fines under ECRA on persons that violate, attempt to violate, conspire to violate, or cause a violation of ECRA or any related regulation, order, license, or authorization. Additionally, BIS must establish a secure online portal for whistleblowers to report violations of ECRA. The bill outlines requirements for BIS to review, investigate, and provide status updates related to these reports. The bill authorizes BIS to pay an award to any whistleblower who voluntarily reported original information that led to the imposition of a fine under ECRA. The bill establishes the Export Compliance Accountability Fund for paying these awards and funding related activities. The bill also sets forth whistleblower protections by (1) prohibiting retaliation against individuals who act as whistleblowers, and (2) establishing confidentiality requirements.

Dakota Mainstem Water Supply Project Feasibility Study Act

The federal government would fund a study to examine whether a major water supply project in the Dakota region is practical and economically viable, looking at factors like cost, environmental impact, and water availability. This would help determine if the project could reliably deliver water to communities and agriculture in the area while identifying potential challenges and benefits. The study would give policymakers the information they need to decide whether to move forward with actually building such a project.

Small Business Investor Capital Access Act

This bill would likely make it easier for small businesses to raise money from investors by changing rules around how they can sell ownership stakes or borrow funds. The changes would probably reduce paperwork and costs for small companies trying to access capital, while potentially adjusting protections for people investing in these businesses. Small business owners, entrepreneurs, and individual investors would be the main groups affected.

Purchased and Referred Care Improvement Act of 2025

Purchased and Referred Care Improvement Act of 2025 This bill specifies that the Indian Health Service (IHS) must reimburse patients for their out-of-pocket costs for authorized purchased/referred care services within 30 days. (The IHS provides medical and dental services directly to American Indian and Alaska Native patients whenever possible. However, when services are not available, IHS beneficiaries may be referred to private providers. This is called purchased/referred care.) Specifically, the bill requires the Department of Health and Human Services (HHS) to establish and implement procedures to allow a patient who paid out of pocket for purchased/referred care services authorized by the IHS to be reimbursed by the IHS for that payment no later than 30 days after the patient submits required documentation. Additionally, the bill requires HHS to update applicable provisions of and exhibits to the Indian Health Manual, contracts with providers, and other relevant documents and administrative authorities to incorporate the provisions of the bill. The bill also replaces statutory references to contract health service with purchased/referred care .

Indian Health Service Emergency Claims Parity Act

The bill would require the Indian Health Service to pay emergency medical claims for Native Americans at the same rates that Medicare and private insurance companies use, rather than potentially lower rates. This would ensure that tribal members receive consistent emergency care reimbursement regardless of which healthcare provider treats them. The change would affect Native American patients seeking emergency medical services and the hospitals and clinics that treat them.

Life at Conception Act of 2026

This bill would establish in federal law that human life begins at conception, which would likely restrict or ban abortion nationwide by defining a fertilized egg as a person with legal rights. The measure would affect women seeking abortion care, healthcare providers, and states that currently allow abortion, potentially overriding existing state laws that permit the procedure. This is a highly contested proposal that touches on fundamental questions about when life begins and reproductive rights.

Financial Stability Oversight Council Improvement Act of 2025

Financial Stability Oversight Council Improvement Act of 2025 This bill requires the Financial Stability Oversight Council, prior to determining that a U.S. nonbank financial company shall be supervised by the Federal Reserve Board and therefore subject to certain prudential standards, to first determine that certain alternative actions would not mitigate the threat the company may pose to U.S. financial stability.

Merchant Banking Modernization Act

The proposal would update rules for how banks can invest in and own non-financial businesses, allowing them greater flexibility in these activities while potentially requiring stronger oversight to manage risks. Banks and their investors would benefit from expanded opportunities to grow their businesses beyond traditional banking services, though regulators would need to ensure these investments don't threaten the stability of the financial system or harm consumers.

Kamisha's Law

Without access to the specific provisions of this bill, it appears to address crime and law enforcement issues, likely named after a specific case or victim. The bill has been referred to the Judiciary Committee for review, suggesting it may propose changes to criminal law, sentencing, victim protections, or law enforcement procedures that would affect how crimes are prosecuted or how the justice system handles certain offenses.

Unleashing AI Innovation in Financial Services Act

This bill would remove or reduce regulations that currently limit how banks and financial companies can use artificial intelligence in their operations, such as for loan decisions, fraud detection, and customer service. The changes would make it easier for financial institutions to develop and deploy AI tools without as much government oversight, though supporters argue this spurs innovation while critics worry it could increase risks to consumers and borrowers. The bill affects banks, investment firms, and other financial companies, as well as the customers and borrowers who use their services.

Intelligence Community Property Security Act of 2025

This bill would establish new security requirements and protections for property owned or used by U.S. intelligence agencies like the CIA and NSA. It likely aims to strengthen physical security measures, access controls, and safeguards at intelligence facilities to prevent unauthorized entry, theft, or espionage. The changes would affect how intelligence agencies manage their buildings, equipment, and sensitive materials.

Unlocking Housing Supply Through Streamlined and Modernized Reviews Act

This bill would speed up the process for approving new housing construction by streamlining environmental and regulatory reviews that currently slow down development projects. The changes would make it faster and easier for builders and developers to get permits and move forward with building homes, potentially increasing the supply of available housing. The bill affects housing developers, construction companies, and communities looking to address housing shortages.

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)".

This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V) and published on January 14, 2025. This rule prohibits the inclusion of medical debt on credit reports and prohibits creditors from considering medical debt when making credit eligibility determinations.

Traveler's Gun Rights Act

Traveler's Gun Rights Act This bill broadens the scope of allowable firearms transactions involving active duty servicemembers and their spouses and individuals who do not have a residence in any state. Currently, federal firearms laws generally prohibit a federal firearms licensee (e.g., a gun dealer) from selling or delivering a firearm to an individual whose state of residence is different than the state where the licensee's place of business is located. This bill defines the term state of residence as the state in which an individual is present with an intention of making a home. In the case of an individual who does not have a physical residence in any state, the term state of residence means the address of the individual's private mailbox or post office box. In the case of a member of the Armed Forces on active duty, or his or her spouse, the term state of residence means (1) the state in which the member's permanent duty station is located, and (2) the state where the member maintains a place of abode from which he or she commutes to the permanent duty station.

PASS Act

I don't have enough information to write an accurate summary. The title "PASS Act" is too vague, and while the subjects indicate it relates to agriculture and food, the referral to the Banking, Housing, and Urban Affairs Committee suggests it may focus on financial or lending aspects rather than typical food or farming regulations. To provide a meaningful summary, I would need the bill's full text or more specific details about its actual provisions.

Farmers Freedom Act of 2025

This bill would likely reduce environmental regulations on farmers and agricultural operations, giving them more flexibility in how they manage their land and operations. The changes would probably affect rules around water use, pesticide application, wetland protection, and other environmental requirements that currently apply to farming. Farmers would face fewer restrictions, though the specific details of which rules would be relaxed or eliminated would depend on the bill's final language.