Budget & Taxes

in committee · United States · House Jul 21, 2026

HR 9795: Never Forget the Victims of Terrorism: Joseph D. Mistrulli and Alan Kleinberg USVSST Fund Solvency Act

This bill establishes a temporary funding mechanism for the United States Victims of State Sponsored Terrorism Fund by requiring the Treasury Department to loan $3 billion annually to the fund for fiscal years 2027, 2028, and 2029. The borrowed money must be distributed immediately to victims as part of the annual payment and cannot be saved for future use. Interest on these loans will be set by the Treasury based on market rates and will be repaid only from future fines and penalties collected from state sponsors of terrorism after the fund ends. The authority to make these loans expires on September 30, 2029, and the funds are treated as direct spending rather than new appropriations.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates $3B annual Treasury loans to fund victim compensation, directly increasing government spending for a specific program.85% confidence

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in committee · United States · House Aug 6, 2026

HR 10060: Presidential Tax Accountability and Audit Integrity Act

This bill, known as the Presidential Tax Accountability and Audit Integrity Act, prevents the President and their close family members or related business associates from entering into agreements that waive or release federal tax debts while the President is in office. It stops the IRS from honoring any such waivers or orders made during the President's term and requires the agency to publicly report the identities of any taxpayers affected by these instruments within seven days. Additionally, the law ensures that the standard time limits for the government to collect unpaid taxes or sue for collection do not expire until at least three years after the President leaves office. These measures aim to increase transparency and maintain the integrity of the tax system by restricting special treatment for the highest office holder and their connections.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill strengthens government accountability by preventing tax debt waivers for the President, promoting fiscal integrity.90% confidence

Sub-Topics Audits & Accountability

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in committee · United States · House Aug 3, 2026

HR 10030: Supporting Our Educators Act of 2026

The Supporting Our Educators Act of 2026 increases the tax deduction limit for unreimbursed classroom expenses for elementary and secondary school teachers from $250 to $600. This change directly affects teachers who pay for school-related costs out of pocket, allowing them to deduct a larger portion of these expenses from their taxable income. The provision becomes effective for tax years starting after December 31, 2025, and includes updates to the Internal Revenue Code to reflect the new dollar amount and applicable years.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax deduction limits for teachers, providing tax relief and financial support to educators.95% confidence ✓ EducationSupports EducationBill increases tax deductions for teachers' unreimbursed expenses, directly supporting educators and strengthening their financial benefits.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill increases tax deduction limits for teachers' unreimbursed expenses, effectively increasing their net compensation and supporting educator financial well-being.75% confidence

Sub-Topics K-12 Education Teachers

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in committee · United States · Senate Jul 30, 2026

S 5204: SMART Savings Act of 2026

The SMART Savings Act of 2026 modifies federal tax rules to allow individuals to use certain retirement accounts for specific transactions without triggering penalties. It achieves this by updating the definition of a "plan" and removing specific prohibited transaction categories that previously restricted how these funds could be used. Additionally, the bill clarifies rules regarding self-dealing and defines "relationship benefits" to include reduced costs or improved services tied to account value. These changes apply to transactions occurring after the law is enacted, aiming to simplify how people manage their retirement savings while maintaining core protections against abuse.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax rules to allow penalty-free retirement withdrawals for specific transactions, providing tax relief and flexibility to individuals.75% confidence

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in committee · United States · Senate Jul 29, 2026

S 5162: Strengthening Taxpayer Advocacy Act

The Strengthening Taxpayer Advocacy Act empowers the Office of the Taxpayer Advocate to make its own staffing decisions and grants it direct access to IRS records, legal advice, and meetings to better assist individual taxpayers. Under this law, the IRS Commissioner must provide requested information and schedule meetings within two weeks, while the Office of the Taxpayer Advocate gains the authority to issue orders that can suspend tax collection actions during government funding lapses. Additionally, the bill removes a specific time limit that previously prevented the Taxpayer Advocate Service from acting when a taxpayer faces economic hardship due to IRS actions. These changes aim to improve the ability of the Taxpayer Advocate to intervene on behalf of individuals dealing with IRS issues.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill strengthens taxpayer advocacy and protects against aggressive collection actions during funding lapses.85% confidence

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in committee · United States · House Jul 23, 2026

HR 9912: Industrial Bank for American Manufacturing Act of 2026

This bill establishes the Industrial Bank for American Manufacturing, a Treasury fund that can receive up to $15 billion annually from tariffs on goods from China and future congressional appropriations. The Secretary of Commerce is authorized to use these funds to provide loans, equity investments, or grants to U.S.-based manufacturers working in industries deemed critical for national security or supply chain resilience. To qualify, manufacturers must certify they have no tax liabilities or ties to prohibited foreign entities and agree to specific conditions, such as paying prevailing wages, hiring apprentices, and using funds only for domestic operations. The legislation also sets a $500 million cap on individual awards, requires public reporting on all grants, and limits the program's authority to ten years.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a Treasury fund to provide loans, equity, and grants for U.S. manufacturers, directly advancing government spending and fiscal management for industrial resilience.90% confidence

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in committee · United States · Senate Aug 3, 2026

S 5216: Senior Accessible Housing Tax Credit Act of 2026

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. This credit allows eligible taxpayers to claim up to $10,000 for expenses related to installing features such as wheelchair ramps, widened doorways, grab bars, and other safety improvements. The benefit is subject to income limits, where the credit amount decreases as a taxpayer's modified adjusted gross income exceeds specific thresholds ranging from $100,000 to $200,000 depending on filing status. The law also prevents taxpayers from receiving other tax benefits for the same expenses and requires the credit amount to be adjusted for inflation starting in 2028.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for seniors to cover home modification costs, providing direct tax relief and financial assistance.90% confidence ✓ HousingSupports HousingBill creates a tax credit to fund home modifications for seniors, directly strengthening accessible housing options.95% confidence

Sub-Topics Tax Credits Affordable Housing Tags Seniors

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in committee · United States · Senate Jul 30, 2026

S 5198: Build to Scale Reauthorization Act of 2026

The Build to Scale Reauthorization Act of 2026 extends federal funding for the Regional Innovation Program through fiscal year 2030, providing up to $50 million annually to support economic development in specific areas. The bill defines eligible partners as state or nonprofit organizations that offer direct financing, commercialization services, and entrepreneurial support to local businesses. It mandates that the federal government contribute no more than 50 percent of project costs, with an additional 40 percent available based on regional needs, and requires outreach to rural communities and areas facing economic distress. Additionally, the legislation allows agencies to use unspent funds from previous years and updates the program's focus to include specific initiatives aimed at accelerating innovation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly extends federal funding for economic development programs, directly advancing the budget topic.90% confidence ✓ TechnologySupports TechnologyBill funds the Regional Innovation Program to support economic development and entrepreneurial services, indirectly advancing technology adoption and digital infrastructure.75% confidence

Tags Economic Development

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in committee · United States · House Aug 3, 2026

HRES 1471: Expressing the sense of the House of Representatives that every American and community impacted by the construction or operation of an artificial intelligence data center should have the right to transparency and local autonomy.

This resolution expresses the sense of the House that communities impacted by artificial intelligence data centers should have the right to transparency and local control over their development. It outlines a proposed set of guidelines that would allow local governments to ban data centers near homes and schools, require public impact reports on water and energy use, and mandate that operators pay their fair share in taxes. The bill also suggests mechanisms for communities to pause construction until protections against higher electricity bills and water shortages are established, while ensuring developers provide affordable housing and environmental safeguards. Ultimately, the measure aims to empower local authorities to regulate data center operations without being overruled by state laws, focusing on health, environmental, and economic concerns.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates operators pay fair share in taxes and requires public impact reports, promoting fiscal responsibility and local control.85% confidence ✓ TechnologySupports TechnologyBill promotes local autonomy and transparency for AI data centers, enhancing community control and consumer protection.85% confidence

Sub-Topics Artificial Intelligence Tags Government Transparency Local Government

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in committee · United States · Senate Aug 4, 2026

S 5227: First-Time Home Buyer Empowerment Act

The First-Time Home Buyer Empowerment Act allows individuals to use funds from long-term 529 college savings plans to purchase a principal residence without incurring federal income taxes. To qualify, the account must have been open for at least 15 years, the distribution must be used within 60 days, and the total amount withdrawn for this purpose cannot exceed $35,000. If the home is sold or no longer used as a primary residence within five years, the beneficiary must repay the tax benefit, though this penalty decreases by 20 percent for each full year the home is kept. The law also adjusts the overall limit on special rollovers to Roth IRAs to account for these new home purchase withdrawals.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief for first-time home buyers by allowing tax-free withdrawals from 529 plans, aligning with fiscal support for middle-income households.85% confidence ✓ HousingSupports HousingBill enables tax-free use of 529 funds for first-time home purchases, increasing access to homeownership and supporting affordable housing goals.85% confidence

Sub-Topics Homeownership

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