Zachary Nunn

Tailoring and Indexing Enhanced Regulations Act of 2025 or the TIER Act of 2025

This bill increases the dollar asset thresholds for various fees, reporting requirements, and regulatory supervision applicable to certain financial companies and banks.

For example, the bill increases the asset threshold above which

• bank holding companies and savings and loan companies must pay certain Federal Reserve Board assessments;

• financial holding companies need board approval to acquire a company;

• bank holding companies must report on the company’s financial condition to the Financial Stability Oversight Council; and

• bank holding companies may be subject to increased supervision if, among other things, they are found to pose a grave threat to U.S. financial stability.

Periodically, the Federal Reserve Board must increase statutory thresholds and thresholds established by rule to reflect increases in the gross domestic product.

Protecting Privacy in Purchases Act

This bill prohibits payment card networks from using merchant codes that distinguish firearms retailers from general-merchandise retailers or sporting-goods retailers.

The Department of Justice must enforce this bill and report annually on the resulting investigations and cases.

Veteran Education Empowerment Act

This bill reauthorizes through FY2033 and otherwise revises a Department of Education (ED) grant program for student veteran centers.

Specifically, ED must make grants to institutions of higher education (IHEs) or consortia of IHEs to establish, maintain, improve, or operate a student veteran center. A student veteran center is a dedicated space on a campus that provides students who are veterans or members of the Armed Forces with (1) a lounge or meeting space for themselves, their spouses or partners, their children, and veterans in the community; and (2) a centralized office for student veteran services that serves as a single point of contact to coordinate comprehensive support services for student veterans.

This resolution reaffirms the importance of the alliance between the United States and South Korea, particularly with regard to security in the Indo-Pacific. The resolution also celebrates the important contributions of Korean Americans to American society and supports the goals of Korean Culture-Kimchi Day.

Improving Seniors' Timely Access to Care Act of 2025

This bill establishes several requirements and standards relating to prior authorization processes under Medicare Advantage (MA) plans.

Specifically, MA plans must (1) establish an electronic prior authorization program that meets specified standards; (2) annually submit to the CMS for publication specified prior authorization information, including the percentage of requests approved and the average response time; and (3) meet other standards, as set by the Centers for Medicare & Medicaid Services (CMS), relating to the quality and timeliness of prior authorization determinations.

The CMS and the Office of the National Coordinator for Health Information Technology must publish on the CMS' website a report that analyzes the information received from MA plans, the feasibility of implementing real-time decision making with respect to prior authorization requests, and the impact of decisions that are made using artificial intelligence on patient access.

This resolution honors the service and sacrifice of America's veterans.

Reducing Hereditary Cancer Act

This bill provides for Medicare coverage of germline mutation testing for individuals with a personal or family history of a hereditary cancer gene mutation or suspected history of hereditary cancer, as well as for associated coverage of risk-reducing surgeries and screenings.