The Skill Savings Account Act of 2026 creates a new type of tax-advantaged account designed to help eligible U.S. employees save money specifically for qualified education expenses. Under this bill, both employers and employees can contribute cash to these accounts without immediately paying income tax, provided the total contributions do not exceed $5,250 for employer contributions and $10,000 for employee contributions in a single year. Funds withdrawn from the account must be used exclusively for education costs to remain tax-free; otherwise, the distribution is taxed as income and subject to an additional 20% penalty for beneficiaries under age 65. The legislation also establishes specific rules for trust management and requires the Treasury Department to issue regulations within one year of enactment.
The No Tax on Border Patrol Agent Overtime Act modifies federal tax laws to exclude certain overtime pay earned by border patrol agents from taxation. Specifically, the bill defines "qualified overtime compensation" to include various forms of extra pay, such as premium pay and supplemental rates, that exceed an agent's standard basic salary. This change means that eligible border patrol agents will not have to pay income taxes on these specific overtime earnings starting in the 2026 tax year. The legislation directly affects federal border patrol agents by altering how their compensation is treated under the Internal Revenue Code.
The Tax the Grift Act imposes a 100 percent tax on any money received from a specific fund created by a civil lawsuit filed by the President against the Internal Revenue Service. This tax applies to all recipients of these payments and is treated as a standard income tax rather than a special exclusion. However, the bill also prevents these payments from being counted as taxable income, effectively nullifying the tax by allowing recipients to exclude the funds from their gross income. The law takes effect for any amounts received after the bill is enacted.
This bill prohibits the U.S. government from providing any funds to support the United Nations Interim Force in Lebanon (UNIFIL) starting October 1, 2027. It requires the United States to stop contributing money to UNIFIL when its mandate ends on December 31, 2026, and mandates that if the mission is extended beyond that date, the U.S. must withhold an amount equal to UNIFIL's annual budget from its overall contribution to UN peacekeeping funds. The legislation directly affects the Department of State, the Department of Defense, and the United Nations by cutting off financial support for the peacekeeping force in Lebanon after its current timeline expires.
The Western Tribal Water Act of 2026 expands the Indian Reservation Drinking Water Program to include ten specific projects in the Upper Colorado River Basin, an area where many tribes face significant water supply challenges. This legislation directs $60 million in funding for each of fiscal years 2027 and 2028 to support these infrastructure improvements, with a specific focus on addressing the needs of the Ute Mountain Ute Tribe in southwestern Colorado. By amending existing federal law, the bill ensures that tribes in this drought-prone region can access resources to repair aging water delivery systems and enhance overall water reliability.
The Federal Benefits Repatriation Verification Act of 2026 restricts noncitizens receiving federal benefits from sending more than $1,000 in monetary assets to foreign accounts or individuals within any 12-month period. To enforce this limit, the bill requires noncitizen recipients to annually certify their compliance and mandates that financial institutions, including banks and cryptocurrency exchanges, check a new Treasury database before processing transfers. If a noncitizen exceeds the limit or fails to provide certification, they become ineligible for programs such as Social Security, SNAP, and Medicaid, while financial institutions face civil penalties for non-compliance. The legislation also directs the Treasury to create a secure database to track these transactions and share data with benefit agencies to verify eligibility in real time.
This bill, known as the STOP TRUMP ACT, prohibits the use of federal funds to pay claims or establish compensation programs for the President, their family, political appointees, or individuals designated for preferential treatment regarding alleged government retaliation. It specifically bars the Department of Justice from representing the United States in lawsuits where the President seeks financial or political benefits and mandates the repayment of any funds already disbursed in violation of these rules. The legislation declares any agreements or settlements made in breach of these provisions to be legally void and empowers the Treasury to recover illicit payments through asset seizures and offsets against other federal benefits.
This bill allows individuals aged 70 and a half or older to donate money directly from their employer-sponsored retirement accounts to qualified charities without counting the donation as taxable income. It expands an existing tax provision by including various types of employer plans, such as 403(b) and 457(b) plans, alongside traditional qualified plans. Under the new rules, the amount excluded from gross income is limited to the excess of the annual standard distribution limit over any other tax-free distributions the person made that year. The legislation applies to distributions made in taxable years beginning after the bill is enacted.
The Reforming Disaster Recovery Act establishes a new Long-Term Disaster Recovery Fund to provide grants for housing, infrastructure, and economic revitalization in areas most affected by catastrophic major disasters. This legislation creates a new Office of Disaster Management and Resiliency within the Department of Housing and Urban Development to coordinate recovery efforts and ensures that at least 70 percent of the funding benefits low- and moderate-income households. The bill also introduces a formula-based allocation system that includes a specific portion of funds for mitigation activities designed to reduce future disaster risks and requires strict reporting to prevent the duplication of benefits with other federal aid.
The Rehabilitation of Historic Schools Act of 2026 allows public school buildings to qualify for federal tax credits when they are rehabilitated, provided the buildings were used as public schools for five years before and after the renovation. This change removes a previous restriction that had excluded public educational facilities from receiving these financial incentives. The bill requires the Treasury Department to report data on the number of rehabilitated schools, student enrollment, and renovation costs to Congress within five years of enactment. These provisions apply to properties placed in service after the law is passed, aiming to encourage the preservation and repair of historic public school infrastructure.