Solid American Hardwood Tax Credit Act

Senate Bill

S. 1964

119th Congress

Solid American Hardwood Tax Credit Act

In Committee

Introduced:Jun 5, 2025

Primary Sponsor

Cindy Hyde-Smith

Senator

Republican

MS

Cosponsors

1

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill would eliminate the Office of Financial Research, which provides data and analysis to support the government's oversight of the financial system. Without this office, there would be less information and analysis available to help policymakers identify and address potential risks to financial stability.

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

SponsorCindy Hyde-Smith (R-MS)

Introduced6/5/2025

StatusRead twice and referred to the Committee on Finance.

ChamberSenate

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

Solid American Hardwood Tax Credit Act

This bill would eliminate the Office of Financial Research, which provides data and analysis to support the government's oversight of the financial system. Without this office, there would be less information and analysis available to help policymakers identif

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would eliminate the Office of Financial Research, which provides data and analysis to support the government's oversight of the financial system. Without this office, there would be less information and analysis available to help policymakers identify and address potential risks to financial stability.

Bill Number: 1964
Sponsor: Cindy Hyde-Smith (R-MS)
Introduced: 6/5/2025
Status: Read twice and referred to the Committee on Finance.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Solid American Hardwood Tax Credit Act
Bill Number: 1964
Sponsor: Cindy Hyde-Smith (R-MS)
Status: Read twice and referred to the Committee on Finance.
Introduced: 6/5/2025
Summary: This bill would eliminate the Office of Financial Research, which provides data and analysis to support the government's oversight of the financial system. Without this office, there would be less information and analysis available to help policymakers identify and address potential risks to financi

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would eliminate the Office of Financial Research, which provides data and analysis to support the government's oversight of the financial system. Without this office, there would be less information and analysis available to help policymakers identify and address potential risks to financial stability.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

<p>This bill eliminates the Office of Financial Research, which provides financial data and analysis to support the Financial Stability Oversight Council.</p>

Key Points

Main provisions of the bill

Eliminates the Office of Financial Research, which collects and analyzes data to support the Financial Stability Oversight Council's work
Removes an important source of financial data and analysis that helps the government monitor and address risks in the financial system
Could make it more difficult for policymakers to identify and respond to emerging threats to the stability of the financial sector

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would affect the government's ability to oversee and manage risks in the financial system. Without the data and analysis provided by the Office of Financial Research, policymakers may have less information to rely on when making decisions about financial regulations and oversight. This could increase the chances of financial crises developing without being detected early on.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

1964, 119th Congress (2025). "Solid American Hardwood Tax Credit Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-1964

Public Opinions

Community submissions related to this bill.

Share your opinion

No public opinions yet. Be the first to submit one for this bill.

Related Bills in Finance and Financial Sector

HR 2225

Access to Small Business Investor Capital Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban A

S 1381

Protecting Employees and Retirees in Business Bankruptcies Act of 2025

Read twice and referred to the Committee on the Judiciary. (text: CR S2523-2527: 2)

S 780

SAFE Lending Act of 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR 2152

AI PLAN Act

Referred to the House Committee on Financial Services.