This bill establishes a new annual wealth tax on individuals with net assets exceeding $50 million, effective in 2027, targeting ultra-wealthy taxpayers by taxing the total value of their taxable assets rather than income. The tax uses a tiered structure with a 0% bracket up to $50 million, a 2% rate between $50 million and $1 billion, and a 3% or 6% rate on assets above $1 billion, with the higher rate applying if a universal health insurance program is enacted. It includes special rules for married couples filing jointly, trusts, and non-resident aliens, while also adding stricter information reporting requirements and increased IRS funding for enforcement.
This bill, the End Polluter Welfare for Enhanced Oil Recovery Act of 2026, removes tax incentives for enhanced oil recovery projects that use carbon dioxide as an injectant. It directly affects oil and gas companies and energy producers who build qualified facilities after the law is enacted. The legislation eliminates the tax credit for carbon capture and storage when the captured carbon dioxide is used to extract more oil from existing wells. Additionally, the bill repeals the federal enhanced oil recovery tax credit that previously allowed companies to deduct certain costs related to extracting additional oil from mature wells. These changes apply to taxable years beginning after the bill is enacted.
The Health Workforce Innovation Act creates a new federal program to fund innovative training models for allied health professionals, such as medical assistants, dental hygienists, and community health workers, with a focus on underserved and rural areas. Eligible applicants include federally qualified health centers, rural health clinics, and accredited vocational programs that must submit detailed plans describing their community-driven approach, geographic service areas, and how they will recruit and retain workers from disadvantaged backgrounds. Funds awarded under this program, capped at $2.5 million per grant, can support partnerships with schools, apprenticeships, training equipment, and infrastructure improvements but cannot be used for construction or to replace existing funding. The Secretary of Health and Human Services will prioritize grants that increase workforce diversity, improve healthcare access, and demonstrate cost-effective replication potential, with funded models required to last at least three years.
This bill establishes a policy requiring Saudi Arabia to give up uranium enrichment and reprocessing capabilities on its soil and agree to an International Atomic Energy Agency inspection protocol before the U.S. can approve a civilian nuclear cooperation agreement with the country. It mandates that the President submit a detailed report to Congress outlining Saudi Arabia's commitments on these nuclear restrictions before any agreement can proceed. Additionally, the legislation requires Congress to pass a joint resolution explicitly approving the agreement before it can take effect, ensuring legislative oversight over the deal. The bill also directs the U.S. to oppose nuclear technology sales to Saudi Arabia through the Nuclear Suppliers Group until these conditions are met.
The Healthy Watersheds, Healthy Communities Act of 2026 amends the Watershed Protection and Flood Prevention Act to expand Federal support for local watershed projects that address erosion, flooding, drought, and water quality issues. The bill defines "multibenefit works of improvement" as projects that deliver at least two public benefits, such as improved fish habitat, water conservation, flood risk reduction, or renewable energy production, and requires that at least 20 percent of project benefits relate to agriculture or conservation. It streamlines the approval process by delegating decision-making authority to State Conservationists and sets a 45-day deadline for the Secretary of Agriculture to approve or disapprove applications, while also requiring notification to Congress for projects exceeding $50 million in Federal funding. The legislation allocates at least 50 percent of available funds to multibenefit projects, increases the maximum loan amount to $10 million, and introduces new conditions for Federal assistance, including requirements for land acquisition, water rights, and repayment plans for future water storage demands.
This bill, the Restoring College Access and Affordability Act, primarily reverses several changes made to federal student loan and grant programs in previous legislation. It restores previous loan limits, repayment terms, and deferment options that were altered by prior laws, affecting current and future student borrowers. The bill also modifies eligibility rules for Pell Grants and adjusts criteria for determining which educational programs can be deemed low-earning, specifically including programs that award associate's degrees and certificates. Additionally, it delays certain federal regulations related to borrower defense claims and closed school discharges, while reducing the excise tax on private college endowment income to 1.4 percent.
The STOP Corrupt Bets Act of 2026 prohibits trading on prediction markets related to political elections, government actions, sporting events, and military operations through registered financial entities. This ban applies to contracts, transactions, or swaps involving these topics unless they are used for legitimate hedging or commercial risk mitigation. The bill also directs the Comptroller General to conduct a study on prediction markets, focusing on insider trading, impacts on young adults, and ways to address illegal activities in both domestic and foreign markets. Additionally, the legislation clarifies that it does not override state laws regulating gambling.
This bill directs the Joint Committee of Congress on the Library to commission and install a statue of Shirley Chisholm in a permanent public location within the United States Capitol. The legislation requires the committee to secure the statue within two years of enactment and authorizes the Architect of the Capitol to handle related contracts on the committee's behalf. Funding is authorized to cover the costs of obtaining and placing the statue, with appropriated funds remaining available until used. This measure directly affects the Capitol's art collection and honors Shirley Chisholm through physical representation in the legislative building.
The Plug Offshore Wells Act requires the Secretary of the Interior to submit an annual report to Congress and make it publicly available. This report will detail the status of decommissioning offshore oil and gas wells, platforms, and pipelines. It must include information on the number of decommissioning applications received, instances where decommissioning deadlines were missed, and the status of enforcement actions by the Bureau of Safety and Environmental Enforcement. The report will also specify the number of wells and platforms approved for decommissioning in place, and the lengths of pipelines either decommissioned in place or fully removed.
This bill prohibits the use of federal funds for military force in or against Cuba from its enactment until December 31, 2026, unless Congress declares war or passes specific statutory authorization. The restriction applies to all government funds and prevents military actions without congressional approval under the War Powers Resolution. An exception allows military force consistent with the War Powers Resolution's provisions for urgent situations requiring immediate action. The legislation directly affects the U.S. Department of Defense and federal budget processes by limiting how funds can be used for military operations targeting Cuba.
Love Lives On Act of 2025 This bill extends entitlement for various benefit programs and services for surviving spouses of deceased members of the Armed Forces or veterans. The bill provides that the remarriage of a surviving spouse must not bar the furnishing of dependency and indemnity compensation or special pension benefits to such spouse. Additionally, the Department of Defense may not terminate the payment of an annuity for a surviving spouse under the Survivor Benefit Plan solely because the surviving spouse remarries. The bill also expands the definition of a dependent under TRICARE to include a remarried widow or widower whose subsequent marriage has ended due to death, divorce, or annulment.
This concurrent resolution formally recognizes Congress's duty to protect the rights and economic security of working women, who make up nearly half of the U.S. workforce. The document highlights concerns about wage gaps, workplace discrimination, and recent policy changes that have weakened protections for women, particularly women of color. It calls for Congress to support equal pay, workplace safety, access to healthcare, paid leave, and the right to unionize, while also condemning actions that undermine civil rights enforcement and workplace protections. The resolution serves as a statement of principle rather than a law that creates new legal requirements.
