‘Protect Small Businesses from Excessive Paperwork Act of 2025
Increase the estate exemption to $5,000,000 for January 1, 2027, $7,500,000 for January 1, 2029, $10,000,000 for January 1, 2031. This act would eliminate the estate tax for decedents whose death occurs on or after January 1, 2033.
Increase the net taxable estate exemption to $3,600,000 on January 1, 2027. This act would also increase the exemption by $1,000,000 on January 1, 2028 and every year thereafter until this section and the tax would sunset and expire on January 1, 2033
Bank Privacy Reform Act This bill eliminates provisions that require financial institutions to report certain financial information to specified government agencies. Currently, financial institutions are required to report certain financial transactions (e.g., transfers of over $10,000) for the purpose of detecting illicit activity, such as money laundering or the financing of terrorism. Under the bill, such records are only obtainable through a search warrant.The bill also eliminates reporting requirements related to the beneficial ownership of certain corporate entities.
Extends the sunsetting of the "Don't Block the Box" automated traffic detection systems from January 15, 2027, to January 15, 2030.
Extends the sunsetting of the "Don't Block the Box" automated traffic detection systems from January 15, 2027, to January 15, 2030.
Requires a report to be produced that focuses on prescription drug prior authorizations by January 1, 2026.
Requires a report to be produced that focuses on prescription drug prior authorizations by January 1, 2026.
Requires a report to be produced that focuses on prescription drug prior authorizations by January 1, 2027.
Increases the net taxable estate exemption to $3,600,000 on January 1, 2026 and increases the exemption by $1,000,000 on January 1, 2027, and every year thereafter.