Of course. If you have language that you have used in the past, you should review it very very carefully to avoid anything that might be flagged in the present regime.
In the past you needed to have very good science (good enough to get to the near top of the proposals under review) AND you needed to "check boxes" for all the other parts of the proposal. (I can't put my hands on an NSF proposal right now but I remember sections on "Broader Impacts" and "underrepresented Minorities.") In my experience a proposal that met scientific standards was never rejected for insufficiently expansive text in the other categories. Text in these other categories was sometimes a small positive.
It seems clear that re-using text that worked in the past is likely to result in rejection under the present regime. There have been stories that people applying for federal jobs have been asked to write how they would advance MAGA priorities. While I doubt anything quite as craven will work with NSF if you CAN legitimately say things that support some priorities without doing your conscience much violence you should probably do so.
Definitely talk to colleagues who have recent experiences.
And probably don't get your hopes too high given the present budget environment. It's still worth putting the proposals in though if nothing else so you can list them on the annual report.