Drain the Swamp Act of 2025

FinCEN Oversight and Accountability Act of 2025This bill requires the Department of the Treasury to keep specified congressional committees informed of the activity of the Financial Crimes Enforcement Network (FinCEN), particularly regarding unlawful activity and any resulting corrective action.Further, Treasury must disclose to Congress and to the public (with some exclusions) all controlling documents delegating authority to or providing direction to FinCEN. Such disclosure includes any controlling documents in force upon enactment, any controlling documents issued thereafter, and any changes to controlling documents.The bill extends for an additional five years the time period during which Treasury must testify before Congress regarding FinCEN’s anti-money laundering programs.FinCEN must also hold an annual small business working group to provide guidance on beneficial ownership reporting obligations. 

Keep Your Coins Act of 2025This bill prohibits federal agencies from restricting a person's use of convertible virtual currency for their own purposes or to conduct transactions through a self-hosted wallet.  

Lead by Example Act of 2025This bill provides that, beginning January 3, 2027, the only health care plan the federal government may make available to Members of Congress and congressional staff shall be health care provided through the Department of Veterans Affairs (VA).By September 15, 2025, the VA and the Office of Personnel Management shall jointly submit to Congress a plan to carry out this bill, including recommendations for any necessary legislative actions.

People-Centered Assistance Reform Effort Act or the People CARE ActThis bill establishes the People-Centered Assistance Reform Effort Commission within the legislative branch to review federal means-tested programs for potential reform.Under the bill, means-tested programs are those designed to provide assistance to low-income individuals, including, for example, Medicaid, the Supplemental Nutrition Assistance Program (SNAP), and the Temporary Assistance for Needy Families (TANF) program. The commission is generally directed to review all federal means-tested programs with the exception of certain specified programs, including Social Security, Medicare, and certain veterans’ benefits programs.The commission is directed to identify and evaluate potential changes to federal means-tested programs, such as consolidation with other programs, delegation of certain functions to states, and the establishment of gradual benefit reductions tied to increases in beneficiaries’ income. The commission is also directed to consider changes that would allow caseworkers to identify all of the appropriate programs for individuals and families. The commission must establish a website through which members of the public may submit suggested reforms for consideration. The commission is to be comprised of eight members, with an equal number of members appointed by the majority and minority parties.  At the conclusion of its term, the commission must report to Congress with its findings and proposed legislation implementing any recommended changes. Congress must consider the legislation under expedited procedures.