To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.

Protecting Individuals with Down Syndrome Act

Unfair Tax Prevention Act

Financing Our Energy Future Act

To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.

Defining Male and Female Act of 2025

Federal Reserve Transparency Act of 2025This bill directs the Government Accountability Office (GAO) to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks. In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications among Federal Reserve officers, board members, and employees regarding any of these matters.

Affordable Housing Credit Improvement Act of 2025

Protection of Women and Girls in Sports Act of 2025This bill generally prohibits school athletic programs from allowing individuals whose biological sex at birth was male to participate in programs that are for women or girls.Specifically, the bill provides that it is a violation of Title IX of the Education Amendments of 1972 for federally funded education programs or activities to operate, sponsor, or facilitate athletic programs or activities that allow individuals of the male sex to participate in programs or activities that are designated for women or girls. (Title IX prohibits discrimination on the basis of sex in federally funded education programs or activities, including in public elementary and secondary schools and in colleges and universities.) Under the bill, sex is based on an individual's reproductive biology and genetics at birth.The bill does not prohibit male individuals from training or practicing with programs or activities for women or girls as long as such training or practice does not deprive any female of corresponding opportunities or benefits.The Government Accountability Office must report on the benefits for women or girls in single-sex sports that would be lost as a result of male participation. In particular, the report must document the negative psychological, developmental, participatory, and sociological effects of male participation on girls.

Water Rights Protection Act of 2025This bill limits the transfer of water rights from water users to the Department of the Interior or the Department of Agriculture (USDA).First, the bill prohibits Interior and USDA from conditioning the issuance or renewal of land use or occupancy agreements (e.g., permits and leases) on the transfer of any water right to the United States. Next, it prohibits Interior and USDA from requiring water users, including Indian tribes, to acquire water rights in the name of the United States as a condition of the issuance or renewal of a land use or occupancy agreement. Finally, it prohibits Interior and USDA from conditioning or withholding the issuance or renewal of land use or occupancy agreements on (1) limiting the date, time, quantity, location of diversion or pumping, or place of use of a state water right beyond any applicable limitations under state water law; or (2) modifying the terms and conditions of groundwater withdrawal, guidance and reporting procedures, or conservation and source protection measures established by a state.Interior and USDA must also ensure that federal action imposes no greater restriction or regulatory requirement than under applicable state water law.Further, Interior and USDA must not take actions that adversely affect state authority in permitting water usage or in adjudicating water rights.