The HUSTLE Act creates a new type of tax-advantaged savings account specifically for college athletes to manage money earned from their name, image, and likeness. Eligible students at participating colleges can deposit this income into the account without paying taxes on it immediately, provided the funds are used for qualified expenses like education or career transition costs. The bill includes strict rules on how the money can be invested, limits on contribution amounts, and requirements for financial education to help athletes plan for life after their sports careers. Additionally, the account allows athletes to transfer funds to traditional retirement accounts once they are no longer eligible athletes, with a lifetime limit on such conversions.
The TRADES Act increases the tax rate on investment income for certain educational organizations from 8 percent to 15 percent. This change is designed to generate additional revenue that the Treasury Secretary will use to fund career and technical education programs for states. The new funding amount will be calculated based on the extra tax revenue collected in the previous year and transferred annually to support these educational initiatives. The provisions take effect for taxable years beginning more than 12 months after the law is enacted.
The Hazardous Fuels Transportation Assistance Act of 2026 creates a competitive grant program to help organizations transport materials removed during wildfire risk reduction projects on National Forest System lands. Eligible recipients include for-profit companies, nonprofits, state and local governments, Indian Tribes, and universities, with funding available from fiscal years 2027 through 2031. Grants can cover costs for transporting wood and biomass, maintaining transport equipment, and workforce training, but cannot be used for construction or buying timber. The program prioritizes projects in high-risk wildfire areas and offers higher funding percentages to Indian Tribes compared to other applicants.
The Child Care Innovation Advancement Act of 2026 creates a five-year pilot program to help non-home-based child care providers, such as those in commercial spaces or community centers, purchase nutritious meals for children. Under this initiative, eligible and licensed programs can receive federal reimbursements for food costs at the same rate currently given to family day care homes. To ensure proper use of funds, the bill mandates regular audits by the Department of Agriculture, requiring the exclusion of programs with unresolved audit findings for two years. Additionally, the program includes measures to prevent duplicate payments and requires a final evaluation report to Congress after the pilot period ends.
This bill ensures federal employees, including contractors and active-duty military personnel, continue receiving regular pay during government funding gaps. It automatically appropriates funds for agencies when regular annual or continuing appropriations are not in place, covering standard pay, benefits, and allowances. These funds remain available until Congress passes full-year funding or a continuing resolution that explicitly excludes such payments. The bill applies retroactively from September 30, 2025, to address past payment disruptions.
HR 7086 creates a federal grant program to help states improve charter schools' access to facilities. It provides competitive grants to state education agencies that submit detailed plans showing how they will increase charter schools' access to funding, public buildings, and adequate facilities - particularly in low-income and rural communities. States receiving grants must use federal funds (capped at 60% of costs) to support facility acquisition, leasing, renovation, or financing mechanisms, while ensuring these funds supplement - rather than replace - existing state resources. The bill directly affects charter schools and state education agencies, focusing on closing facility access gaps between charter schools and traditional public schools.
The Right Start Child Care and Education Act of 2026 creates a new federal tax credit to support individuals working in licensed child care facilities. This credit provides up to $4,500 annually for workers with a bachelor's degree in early childhood education or related fields, $3,000 for those with an associate's degree, and $1,500 for other eligible providers. To qualify, workers must perform at least 1,200 hours of child care services per year at a licensed facility that is not primarily their home, and the bill limits the credit to a maximum of three consecutive years per individual. The legislation applies to tax years beginning after December 31, 2026.
The Turn the Tide Act primarily increases federal funding for substance use disorder treatment, prevention, and recovery services, directing billions of dollars to states, tribes, and local organizations starting in fiscal year 2027. It expands access to medication-assisted treatment by prohibiting insurance companies from imposing prior authorization requirements or cost-sharing fees for these drugs and mandates that health plans cover at least one formulation of opioid overdose reversal medications without deductibles. The legislation also establishes new programs and grants to support first responder training, recovery housing, mental health care for children exposed to trauma, and workforce development in areas with the highest overdose death rates. Additionally, the bill extends existing Medicaid waivers and creates a demonstration project to test whether providing recovery housing under Medicaid can reduce emergency room visits and hospitalizations for individuals with opioid use disorders.
The Senior Accessible Housing Tax Credit Act of 2026 creates a new tax credit for individuals aged 60 or older to help cover the costs of home modifications that improve accessibility and safety. This credit allows eligible taxpayers to claim up to $10,000 for expenses related to installing features such as wheelchair ramps, widening doorways, adding grab bars, and replacing bathroom fixtures. The amount of the credit is reduced based on the taxpayer's income, with the full benefit available to those earning less than $100,000 annually, and the law also authorizes $500 million in federal grants to the Department of Housing and Urban Development to fund additional home modification projects for older adults from 2027 through 2031.
The No Goodwill for Harming Women Act prohibits sports franchise owners from using tax deductions to write off the value of their teams. This rule applies specifically to professional female sports leagues that allow male athletes to participate, based on the definition of sex as reproductive biology and genetics at birth. The bill requires the IRS to create regulations to verify which teams fall under this restriction, and the changes will only affect assets purchased after the law is enacted.
