The Small Business and Consumer Credit Act of 2026 changes how certain financial institutions can use tax losses to offset future profits. It allows these banks to carry forward net operating losses for up to 20 years, with additional rules allowing them to carry losses back to previous years starting in 2028. The law specifically applies to independent banks and certain affiliated groups, requiring them to make an irrevocable election on their tax returns to use these new provisions.
This resolution expresses the House's sense that parents need clear and accurate information about video content to make informed decisions for their children. It calls on the Federal Communications Commission to modernize the existing ratings system to cover all video platforms, including streaming services, and to ensure content descriptions are neutral and specific. The bill also urges the creation of an oversight body that includes parents and child advocates alongside industry representatives to increase transparency in how ratings are assigned. Ultimately, it seeks to improve parental guidance tools and public awareness without mandating specific changes to current laws.
The Prioritizing American Talent Act prevents the Department of Homeland Security from using funds to process work permits for foreign students and special immigrants unless Congress explicitly authorizes their employment. This restriction applies specifically to individuals classified under sections 101(a)(15)(F) and (M) of the Immigration and Nationality Act, effectively halting the approval of their employment authorization applications. Additionally, the bill requires the rescission of any unspent fees collected for processing these specific applications that are not backed by congressional authorization. The Department of Homeland Security must determine and withdraw these funds within 30 days of the law's enactment.
The Protecting America's Herds Act creates a grant program for cooperative extension services to help prepare for and respond to New World screwworm outbreaks in livestock. Funds awarded through this competitive process can be used to train staff, support animal inspections, educate producers, and provide direct technical assistance on prevention and treatment. The Department of Agriculture must prioritize grants for states and Tribal communities at higher risk of the pest spreading and coordinate closely with veterinary and agricultural experts. This legislation aims to strengthen the nation's ability to detect and manage this specific animal health threat through improved readiness and education.
The Hydropower Licensing Affordability Act amends the Federal Power Act to modify how federal licenses for hydropower projects are issued. Specifically, it requires that license conditions include measures to reasonably mitigate direct adverse effects on federal reservations and fish populations within applicable river systems. These changes aim to ensure that new or existing hydropower projects address environmental impacts on protected lands and aquatic species before a license is granted. The bill directly affects hydropower project developers and federal agencies responsible for licensing and environmental oversight.
This concurrent resolution authorizes the use of Emancipation Hall in the Capitol Visitor Center for a specific ceremony on June 24, 2026. The event is designed to dedicate the Semiquincentennial Congressional Time Capsule, which honors the 250th anniversary of the signing of the Declaration of Independence. The bill directs the Architect of the Capitol to manage the physical preparations for the event according to their established conditions.
Repealing Big Brother Overreach Act This bill repeals the Corporate Transparency Act. The act requires existing companies and newly created companies to report beneficial ownership information to the Department of the Treasury’s Financial Crimes Enforcement Network for purposes of addressing the financing of terrorism and money laundering.
The Save Our Shrimpers Act directs the U.S. Treasury to instruct American representatives at international financial institutions to vote against funding projects related to shrimp farming, processing, or export in borrowing countries. This restriction includes a waiver provision that allows the Treasury Secretary to override the vote if they determine the project serves the national interest, with the requirement to notify Congress. The mandate to oppose such financial assistance is set to expire seven years after the bill is enacted.
The America the Beautiful Act reauthorizes the National Parks and Public Land Legacy Restoration Fund through 2033, increasing its annual funding from $1.9 billion to $2 billion. It requires that projects funded by the Legacy Restoration Fund must secure at least 15% of their costs from public donations, which will be solicited through public awareness campaigns, donation locations at recreation sites, and during the purchase of recreation passes. The bill also mandates new reporting requirements for deferred maintenance and disposal of assets no longer serving public interest, while ensuring donations are credited to the Fund and allocated to specific projects.
The Foreign-Trade Zone Export Enhancement Act of 2026 aims to support U.S. manufacturing and job creation by allowing specific goods to enter foreign-trade zones without paying import duties. This change applies to items classified under a specific tariff heading that are manufactured or altered within these zones and then exported directly to countries in the USMCA trade agreement. To put this into effect, U.S. Customs and Border Protection must issue new regulations within 90 days of the bill becoming law.
This resolution expresses support for designating June 2026 as Black Music Month to honor the historical and cultural significance of Black contributions to American music. It acknowledges the wide-ranging influence of Black music across various genres and its central role in the nation's history, including the civil rights movement. The bill calls on the public to celebrate this month by promoting diversity, performing Black music, and spreading awareness of its legacy.
The All in For Attendance Act aims to reduce chronic student absenteeism by requiring schools to implement specific support strategies for students missing 10 percent or more of school days. It mandates the creation of data systems to track attendance reasons, establishes advisory programs to engage families, and requires schools to partner with community organizations to remove barriers like transportation or health issues. The legislation also prohibits schools from using suspensions, fines, or academic penalties as punishment for student absences. Additionally, it directs funds toward evidence-based interventions such as social and emotional learning programs, restorative justice, and high-impact tutoring to improve student engagement and attendance.
