The Affordable Housing Incentives Act allows property owners to avoid paying capital gains taxes when they sell real estate to qualified housing operators for use as affordable housing. To qualify, the property must be subject to a binding legal agreement that ensures it remains affordable or used as a homeless shelter for at least 30 years. The sale price cannot exceed the value determined by a professional appraisal, and the seller must notify the Treasury Department within 90 days of the transfer. The Treasury is required to audit these properties every five years to verify they continue to meet the affordability requirements throughout the 30-year period.
The Presidential Tax Accountability and Audit Integrity Act prohibits the Treasury Secretary from honoring any agreements, waivers, or orders that affect federal tax matters involving the President, their immediate family members, or closely associated business entities during the President's term in office. The bill applies retroactively to instruments created after January 20, 2025, ensuring that tax assessment periods for these individuals do not expire until three years after the President leaves office. To ensure transparency, the Treasury Department is required to submit reports to Congress and make them publicly available within seven days of any such instrument being identified, with additional updates every thirty days. These disclosures are permitted under federal tax privacy laws specifically to identify the affected taxpayers and detail the actions taken to enforce their tax obligations.
The PERFORM Act restricts the ability to award bonuses and other performance-based compensation to the Postmaster General of the United States Postal Service under specific conditions. These restrictions apply if the Postal Service runs a budget deficit, fails to meet nationwide service targets, receives a negative financial audit opinion, or does not submit a required annual report to Congress. The bill mandates that the Postmaster General provide a detailed report each year outlining compensation paid to senior executives, the metrics used to justify those payments, and data on financial and service performance. Additionally, the Postal Service Inspector General is required to review these annual reports to ensure compliance with the new reporting and compensation rules.
This bill, titled the Restoring Accountability in Appropriations Act, modifies the Impoundment Control Act of 1974 to allow private citizens and specific congressional leaders to sue the federal government if budget funds are improperly withheld. It grants individuals who are negatively affected by these withholdings the right to file civil lawsuits in federal court to force the release of the money. Additionally, the legislation empowers designated House leaders to request reports from the Comptroller General and, if those reports confirm violations, to introduce resolutions that mandate the House initiate or join these lawsuits. The bill also establishes a special, expedited process within the House of Representatives to quickly pass these litigation resolutions without standard debate or committee delays.
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.
This bill requires the Comptroller General of the United States to conduct periodic assessments of federally funded programs managed by state and local governments to identify risks of waste, fraud, and abuse. The report will analyze specific administrative practices that create vulnerabilities and evaluate which current strategies effectively reduce these risks. It also aims to recommend improvements for federal tools and enrollment processes to better protect public funds. Ultimately, the legislation seeks to enhance oversight by providing Congress with a clear picture of where federal money administered by states is most susceptible to misuse.
The Audit the Pentagon Act requires the Department of Defense to reduce its funding by 2 percent if it fails to receive a clean financial audit for a given year. This penalty applies to all departments, agencies, and elements within the Pentagon starting after fiscal year 2024. The withheld money is distributed proportionally across various programs and projects, while the remaining funds are sent to the Treasury to help reduce the national deficit.
The PERFORM Act restricts the Postmaster General from receiving bonuses or performance-based pay if the Postal Service runs a financial deficit, misses service targets, or fails to pass its annual audit. To enforce this, the law requires the Postmaster General to submit an annual report to Congress detailing all executive compensation, the metrics used to justify those payments, and the agency's financial and service performance data. Additionally, the Postal Service Inspector General must review these reports to ensure compliance with the new restrictions. These measures directly affect the compensation of senior Postal Service leadership and increase transparency regarding the agency's financial and operational results.
The Stop CHEATERS Act directs the Internal Revenue Service to increase its enforcement efforts against high-income individuals and large corporations by allocating billions of dollars in additional funding for tax audits, criminal investigations, and taxpayer services through fiscal year 2031. A significant portion of this funding is designated for modernizing the IRS's technology and business systems to improve its ability to detect fraud and noncompliance. The legislation also requires the IRS Commissioner to submit regular reports to Congress detailing plans to shift auditing resources toward wealthy taxpayers and analyzing how much unpaid tax is owed by different income groups.
The Medicaid RAC Improvement Act of 2026 strengthens oversight of the Medicaid Recovery Audit Contractor program to improve how states identify and recover improper payments. It requires the Centers for Medicare and Medicaid Services to establish clear expiration dates for state exceptions to the program, mandate detailed annual reports on audit results, and ensure managed care organizations are included in these reviews. Additionally, the bill directs the agency to study barriers preventing states from participating and to launch a five-year demonstration project aimed at increasing state engagement. The legislation also extends the standard audit period to allow reviews of payments made over the previous four fiscal years.
