Young Kim

Clarity for Compensation Act

This bill allows individuals who work for registered brokers to receive compensation for their services through their own personal businesses without having to register with the Securities and Exchange Commission (SEC).

Specifically, the bill exempts certain personal services entities from SEC broker regulations.

As background, brokers (persons engaged in the business of making securities transactions on behalf of others) must register with the SEC and become members of a self-regulatory organization (SRO). Under this bill, a personal services entity is an entity established by a registered representative to receive compensation for services from the registered representative's broker. A registered representative works for the broker (deemed an associated person of the broker) and is registered with the appropriate SRO.

Under this bill, a personal services entity is not considered a broker for SEC regulatory purposes when receiving compensation from the registered representative's broker on the registered representative's behalf if

• the broker approves and maintains records of the payment,

• the personal services entity does not hold itself out as a broker or otherwise engage in broker or dealer activity,

• the broker exercises adequate supervision and control over the registered representative,

• the broker and personal services entity have a written agreement regarding their relationship and compensation arrangement, and

• the personal services entity is owned by the representative, the representative's family, or other similar entities.

The personal services entity must maintain certain records and make them available to the SEC and the appropriate SRO upon request.

Crucial Communism Teaching Act

This bill directs the Victims of Communism Memorial Foundation to develop a civic education curriculum and oral history resources for high school students to promote understanding of certain political ideologies (e.g., communism and totalitarianism) that conflict with principles of U.S. democracy.

Sunshine Protection Act of 2025

This bill makes daylight saving time the new, permanent standard time.

States with areas exempt from daylight saving time may choose the standard time for those areas.

Daniel J. Harvey, Jr. and Adam Lambert Improving Servicemember Transition to Reduce Veteran Suicide Act

This bill requires the Department of Veterans Affairs (VA) and Department of Defense (DOD) to provide additional information and assistance related to mental health care to veterans in the Solid Start program and members of the Armed Forces in the Transition Assistance Program.

Specifically, the bill requires that counseling provided under DOD’s Transition Assistance Program include additional mental health information, including information about the risk of suicide and other potential stressors associated with separation from the Armed Forces.

The bill also expands the activities that must be carried out by the VA under the Solid Start program, which is an outreach program for veterans in their first year of separation from service. Specifically, under the program, the VA must (1) assist eligible veterans who elect to enroll in the VA health care system, and (2) educate veterans about mental health and counseling services available through the Veterans Health Administration.

Guarding Unprotected Aging Retirees from Deception Act of 2026 or the GUARD Act of 2026

This bill allows state, local, and tribal law enforcement agencies and grantees that receive funds from certain law enforcement grant programs to use the funds to investigate general financial fraud, elder financial fraud, and pig butchering. Pig butchering refers to a confidence and investment fraud in which a victim is gradually lured into transferring increasing amounts of money, generally in the form of cryptocurrency, into a fake virtual investment.

The bill allows federal law enforcement agencies to assist state, local, and tribal law enforcement agencies and fusion centers in the use of tracing tools for blockchain and related technology tools.

Finally, the bill requires the Financial Crimes Enforcement Network (FinCEN) to report on efforts to combat general financial fraud, elder financial fraud, pig butchering, and scams, including an evaluation of any legislative recommendations to improve the efforts. The bill also requires FinCEN to report on the state of general financial fraud, elder financial fraud, pig butchering, and scams in the United States, including trends in the crimes.

This resolution calls upon the President to prioritize the humanitarian release of five specified individuals (Pastor Jin Mingri, Pastor Gao Quanfu and his wife Pang Yu, Dr. Gulshan Abbas, and Jimmy Lai) and others unjustly detained by China during future engagements with China's President Xi Jinping.

The resolution also (1) urges the President to seek verifiable proof of life, access to independent legal counsel, family communication, and medical care for these detainees; and (2) reaffirms the U.S. commitment to defending political and religious freedom and advocating for the release of those unjustly detained for exercising such fundamental freedoms.

Allied Defense Sales Act

This bill directs the Department of State to implement a strategy to encourage foreign entities to participate in a multinational military procurement process. The State Department must also periodically report on the strategy and its implementation.

Under the bill, this process involves the sale by the United States to a lead foreign nation of defense articles or services which are subsequently transferred to other qualifying countries.

The strategy must incorporate existing efforts by the State Department to, for example, survey interest, identify countries and partners who could serve as lead purchase coordinators, review pathways for participation for countries that are ineligible for foreign military financing loans, identify challenges and solutions regarding compliance with the Arms Export Control Act, and identify opportunities to develop and promote exportable defense articles and services (including for purposes of supporting the trilateral security partnership between Australia, the United Kingdom, and the United States).