The Ending the Carried Interest Loophole Act changes how the IRS treats partnership interests given to employees for their work, specifically targeting financial managers and investment professionals. Under the new rules, these individuals must pay ordinary income tax on the value of their partnership shares at the time they receive them, rather than waiting until they sell the shares to pay lower capital gains taxes. The law also establishes a 10-year window during which any future profits earned from these shares are taxed as ordinary income instead of capital gains. Additionally, the bill repeals an existing tax provision that previously allowed certain carried interest payments to be classified as capital gains.
This bill requires states to verify that applicants for driver's licenses, commercial licenses, and state ID cards have lawful presence in the United States before issuing them. To enforce this, the legislation mandates that states use approved methods to electronically validate biometric data, conduct background checks, and cross-reference tax and social security records with federal agencies. If a state fails to implement and enforce these verification procedures by October 1, 2026, the federal government will withhold 10% of the state's transportation funding until compliance is achieved. Any withheld funds are then redistributed proportionally to states that have met the new requirements. The bill does not alter existing REAL ID standards but adds a specific layer of immigration status verification to the licensing process.
The Transit Workforce Development Act expands how federal grants for buses and bus facilities can be used for workforce training. It increases the portion of these grants that transit agencies can dedicate to workforce development from 5% to 10% of the allocated funds. Additionally, the bill broadens the types of training eligible for these funds, allowing them to cover all buses, related equipment, and facility construction,
This bill establishes the Interagency Advisory Commission on Advancing Restorative Justice in Elementary and Secondary Education, affecting elementary and secondary schools, their personnel, and students, particularly students of color. The Commission is tasked with developing guidelines for tracking restorative practices and creating official definitions for "restorative justice" and "restorative practices" for the Department of Education. It will also develop and distribute training materials to school personnel aimed at reducing bias, enhancing cultural competency, and improving responses to student behavior. Furthermore, the Commission will work to increase school staff's ability to provide culturally competent mental health support and recommend ideal school psychologist and counselor-to-student ratios for federally funded schools. The Commission will submit annual reports on its progress and a final report with its comprehensive findings and recommendations.
This bill, the Breast Cancer Research Stamp Reauthorization Act of 2026, extends the period during which a special postage stamp can be sold to raise funds for breast cancer research. It amends existing law to change the program's expiration date. Specifically, the bill allows the U.S. Postal Service to continue selling the Breast Cancer Research Stamp until 2037, extending its current authorization which was set to expire in 2027. This change aims to continue providing a dedicated funding source for breast cancer research through stamp sales, affecting stamp purchasers and breast cancer research institutions.
The "Accountable Produce is Medicine Act of 2026" mandates the creation of a new pilot program within the Center for Medicare and Medicaid Innovation. This program requires selected healthcare providers to offer a comprehensive set of "Accountable Produce is Medicine services" to eligible Medicare, Medicaid, and CHIP beneficiaries. These services, provided without patient cost-sharing, include healthy foods (like fruits and vegetables), nutrition counseling, care coordination, and remote monitoring for individuals with specific chronic diseases in underserved areas. Participating programs will screen patients, deliver these services for a year, and track health data to evaluate outcomes and cost savings over a period of at least five years.
The No TAP Act of 2026 modifies federal surface transportation laws to prohibit the transfer of funds designated for specific highway projects to other uses. This legislation directly affects state and local transportation departments by removing the ability to move money set aside for certain infrastructure initiatives into their general transportation pools. The bill achieves this by amending the United States Code to strike existing clauses that allowed for the transferability of these specific funds and reorganizing related subsections. Consequently, funds earmarked for particular projects must remain dedicated to those projects rather than being reallocated by state officials.
The Senior Citizens’ Freedom to Work Act of 2026 aims to repeal the Retirement Earnings Test (RET) for Social Security beneficiaries. This means that individuals collecting Social Security benefits, including those under the Railroad Retirement program, would no longer have their benefits reduced if they continue to work and earn above a certain income threshold. The bill achieves this by repealing specific subsections of the Social Security Act and making conforming amendments across related benefit provisions. This change directly affects senior citizens and other beneficiaries who choose to remain employed while receiving their benefits, ensuring they receive their full entitlement. The provisions of this act are set to take effect for taxable years ending after December 31, 2026.
The SAFER Act of 2026 establishes federal standards for when financial institutions can transfer certain unclaimed securities, digital assets, and investment accounts to state governments under unclaimed property laws. It directly affects individuals and entities holding these assets, as well as the financial institutions that custody them. Under the bill, financial institutions generally cannot turn over assets from natural persons unless their death is confirmed at least three years prior with no fiduciary interest, or after five years of no contact for other entities. The bill also requires financial institutions to periodically check death databases for inactive accounts of individuals at retirement age and preempts conflicting state escheatment laws regarding these assets.
The Stop Climate Shakedowns Act of 2026 prohibits state and local governments from suing energy companies for damages related to climate change or greenhouse gas emissions. This bill declares that regulating emissions is exclusively a federal responsibility and voids any state laws that hold energy businesses liable for alleged climate harms. Consequently, all pending lawsuits of this nature against energy producers must be dismissed immediately, preventing states from imposing retroactive penalties for past lawful operations. The legislation directly affects companies involved in the production, refinement, and sale of oil, gas, and coal by shielding them from civil liability in both state and federal courts.
This bill, the Communications, Video, and Technology Accessibility Act of 2026, aims to significantly enhance accessibility for individuals with disabilities across various communication and video services and related equipment. It expands requirements for closed captioning and audio description to include online video programming and consumer-generated media, and mandates that sign language interpretation be consistently visible on screen when provided. The bill also requires video playback devices to have easily accessible accessibility features and mandates that video conferencing services and customer support offer features like voice recognition, visual interpretation, and direct video calling for sign language users. Additionally, it strengthens telecommunications relay services for DeafBlind individuals and sign language users, increases funding for equipment distribution for the DeafBlind, and directs the FCC to assess and regulate the accessibility of emerging technologies.
HR 6848, the Whole Health for Veterans Act, eliminates copayments for Whole Health well-being services provided by the Department of Veterans Affairs (VA). The bill requires the VA to cover these services - such as wellness coaching, meditation, yoga, and skill-building courses - without out-of-pocket costs for most veterans, with a maximum $30 monthly copayment allowed for some. Priority groups 1-5 (veterans already exempt under current policy) remain fully exempt, while other veterans may face the $30 cap. This policy change directly affects all VA-enrolled veterans seeking these non-medical wellness services.
