The American High-Speed Rail Act expands federal funding and streamlines regulations to support the development of high-speed and higher-speed rail projects across the United States. It authorizes billions of dollars in grants for corridor planning, technology improvements, and construction, while allowing the federal government to cover up to 100% of project costs under specific conditions. The bill also introduces new provisions to facilitate land acquisition, prioritize border projects, and extend labor protections to workers involved in federally funded rail infrastructure. Additionally, the legislation defines higher-speed rail as trains traveling between 110 and 186 miles per hour and includes tax incentives for rail carriers that sell or lease property to support these projects.
The RISE Act introduces tax incentives to encourage small businesses to offer pension plans to their employees. It increases the startup tax credit for microemployers, allowing them to claim a larger credit for establishing a retirement plan starting in 2027. Additionally, the bill permits service providers who help set up these plans to receive a tax credit for the fees they waive to make the plans affordable. To prevent fraud, the law requires employers to certify that they have not previously received similar credits for the same group of workers. These changes aim to lower the financial barriers for small employers and their service partners to create retirement savings options.
The AGE Act of 2026 creates a new tax credit to help taxpayers cover the costs of caring for elderly relatives who are at least 65 years old and need assistance with daily living. This credit allows individuals to claim up to $6,000 per year for expenses such as medical care, adult day services, personal care, respite care, and home modifications, provided the care recipient is a parent, grandparent, or other household member. The amount of the credit decreases by one percentage point for every $4,000 that a taxpayer's income exceeds $120,000, and the benefit is reduced if the taxpayer already uses a dependent care assistance program. To qualify, taxpayers must report the names, addresses, and taxpayer identification numbers of both the care providers and the elderly individuals they are supporting on their tax returns.
The ROBINHOOD Act of 2026 introduces a new tax rule that treats high-income individuals and wealthy entities as if they sold their assets when they take out new loans. Specifically, the bill requires these taxpayers to recognize capital gains on their long-term assets equal to the amount of any new loan they receive, effectively taxing the borrowing event itself. This provision applies to individuals with an annual income exceeding $100 million or assets valued over $1 billion, as well as certain trusts and estates meeting similar thresholds. The law also mandates that these recognized gains cannot be offset by capital losses in the same year and extends the rule to long-term leases for properties held for more than five years. Additionally, the bill includes specific definitions for "covered assets," valuation methods, and reporting requirements to ensure compliance with these new tax obligations.
This bill creates a voluntary program allowing individuals who have previously failed to report digital assets taxes to fix their errors without facing additional criminal charges or most civil penalties. To qualify, taxpayers must submit an application, file amended tax returns for affected years, and pay any owed taxes plus a specific penalty that is reduced for those who certify their actions were not willful. In exchange for full compliance, the program waives further penalties and protects participants from criminal prosecution or the use of their disclosed information for investigations. The initiative is designed to help people come into compliance with tax laws regarding digital assets while encouraging transparency through a structured disclosure process.
The Small Business Innovation Voucher Act of 2026 creates a new grant program to help small businesses purchase technical assistance and services from universities and nonprofit research labs. Under this competitive program, the Small Business Administration will award grants ranging from $15,000 to $75,000 to cover between 50% and 75% of the cost for projects aimed at developing new products or services. To receive funding, small businesses must submit an application detailing their project, and selected recipients are required to report on their results and how the project impacted their business after completion. The legislation authorizes $10 million per year from 2026 through 2030 to fund these grants and covers administrative expenses with up to 5% of the total appropriation.
The Early Childhood Mental Health Support Act directs the Department of Health and Human Services to identify and review evidence-based interventions that improve the social, emotional, and behavioral health of children in Head Start and Early Head Start programs. This process includes selecting trauma-informed practices that support both child development and staff wellness while consulting with experts and the public before implementation. Following the review, the bill authorizes grants to diverse Head Start agencies across the country to adopt these proven methods and establishes a framework to evaluate their effectiveness over time. Additionally, the legislation funds up to five university centers to train future staff and provides $100 million in authorized funding for these activities from fiscal years 2027 through 2036.
The 9-8-8 Connect Act establishes a new grant program to help crisis centers provide follow-up care to individuals who contact the 9-8-8 Suicide and Crisis Lifeline via call, text, or chat. These grants, totaling $30 million for fiscal year 2026, will fund activities such as well-being check-ins, outreach to ensure continued support, and referrals to appropriate care, all of which require the individual's informed consent. The bill also directs the Federal Communications Commission to create rules ensuring that all mobile phone calls and texts are routed to 9-8-8, including those from devices without a service plan. Additionally, the legislation updates federal communications laws to officially include 9-8-8 alongside 9-1-1 as a dialable number on multi-line telephone systems.
The Stay Cool Act establishes a comprehensive framework to help communities prepare for and respond to extreme heat events by creating cooling centers, improving housing conditions, and enhancing urban infrastructure. It directs federal funding to states and local governments to build and equip cooling facilities, install air conditioning in public housing, and develop green spaces and water features to lower temperatures. The bill also creates a national system to track heat-related health risks, mandates checks on vulnerable seniors during heatwaves, and allows tax credits for businesses that keep their doors open during heat emergencies. Additionally, it requires updates to utility assistance programs to account for cooling costs and calls for studies on heat-related mortality and safe residential temperature standards.
This bill, known as the Streamlined Apportionment, Flexibility, and Efficiency Transit Act, aims to reduce administrative burdens on public transit agencies by simplifying federal funding rules. Key provisions include requiring faster distribution of certain urban transit funds, extending the availability period for bus purchases from three to five years, and allowing agencies to retain leftover funds for future capital projects if they provide a specific certification. The legislation also directs the Department of Transportation to minimize documentation for environmental reviews, encourage early talks with historic preservation offices, and conduct a review to cut or combine unnecessary reporting requirements. Additionally, it modifies the triennial review process for transit grants to focus primarily on past deficiencies and randomly sample compliance in only up to five categories. These changes collectively seek to make federal oversight more efficient and less time-consuming for transit operators.
