The Ending the Carried Interest Loophole Act changes how the IRS treats partnership interests given to employees for their work, specifically targeting financial managers and investment professionals. Under the new rules, these individuals must pay ordinary income tax on the value of their partnership shares at the time they receive them, rather than waiting until they sell the shares to pay lower capital gains taxes. The law also establishes a 10-year window during which any future profits earned from these shares are taxed as ordinary income instead of capital gains. Additionally, the bill repeals an existing tax provision that previously allowed certain carried interest payments to be classified as capital gains.
The YouthBuild for the Future Act aims to strengthen and expand the existing YouthBuild program, which provides education and job training to young people. The bill increases authorized funding for the program and creates a new grant program to foster partnerships between YouthBuild programs and employers, aiming to develop more employment opportunities for participants. It reserves a portion of increased funds for rural areas and programs serving Native American, Alaska Native, and Native Hawaiian communities. Furthermore, the bill expands the types of supportive services YouthBuild programs can offer, including meals and assistance with applying for federal and state benefit programs.
This Senate resolution (SRES 670) expresses support for the goals of the 2026 Day of Silence, an event designed to highlight anti-LGBTQI+ bullying, harassment, and discrimination faced by individuals in K-12 schools. It focuses on improving the educational environment for all students, particularly LGBTQI+ young people, by drawing attention to issues like unequal educational opportunity and a lack of civil rights protections. The resolution encourages states, cities, and local school districts to adopt laws and policies that explicitly prohibit bullying and discrimination against students, teachers, and other school staff based on their sexual orientation, gender identity, or sex characteristics.
This resolution formally impeaches Peter B. Hegseth, the Secretary of Defense, for six articles of high crimes and misdemeanors. The articles allege unauthorized military actions against Iran without congressional approval, violations of international law regarding civilian casualties, mishandling of classified information, obstruction of congressional oversight, politicization of military decisions, and discriminatory conduct toward service members based on gender, race, and sexual orientation. If the House votes to adopt this resolution, the matter would be sent to the Senate for a trial to determine whether Hegseth should be removed from office.
The Consumer Protection Remedies Act of 2026 amends the Federal Trade Commission Act to expand the Commission's legal tools for addressing consumer violations. It allows the FTC to seek court orders for returning money to harmed consumers, canceling or fixing unfair contracts, and requiring companies to give up illegal profits gained from violations. These new remedies are limited to actions taken within the last 10 years, and time spent by the accused party outside the United States does not count toward this deadline. The changes apply to any legal case started on or after the bill becomes law.
The Stop CHEATERS Act directs the Internal Revenue Service to increase its enforcement efforts against high-income individuals and large corporations while also expanding taxpayer support services. To achieve this, the bill appropriates billions of dollars over several years to fund IRS investigations, hire additional staff, purchase vehicles, and modernize outdated technology systems. Additionally, the legislation requires the IRS Commissioner to submit regular reports to Congress detailing plans to shift auditing resources toward wealthy taxpayers and analyzing collection gaps across different income levels.
This bill, titled the "Keep Public Funds in Public Schools Act," repeals two sections of the Internal Revenue Code. It eliminates Section 25F, which provides a tax credit for contributions made to scholarship granting organizations. Additionally, the bill repeals Section 139K, which allows certain educational assistance to be excluded from an individual's gross income. These changes primarily affect taxpayers who currently claim these credits or exclusions, and organizations involved in scholarship grants or providing educational assistance. The amendments generally take effect for taxable years ending after December 31, 2026.
The Tech to Save Moms Act aims to improve maternal health outcomes for pregnant and postpartum individuals by increasing access to technology-enabled care. It allows states to adopt and use telehealth tools under Medicaid for screening, monitoring, and managing health complications during pregnancy and up to one year postpartum. The bill also establishes two grant programs: one to fund technology-enabled collaborative learning models for training maternal healthcare providers, especially in underserved areas, and another to increase access to digital tools that reduce maternal health disparities. Finally, it directs the National Academies to study the use of technology and patient monitoring devices in maternity care, focusing on racial and ethnic biases.
The CREATES Act authorizes a grant program for states to establish or improve publicly accessible databases of educational and occupational credentials. The Secretary of Labor, in consultation with the Secretary of Education, would award competitive grants up to $10 million over three years to states for this purpose. States receiving grants must create repositories that identify all credentials and training providers in the state, including details on program costs, skills developed, career pathways, and employment outcomes associated with each credential. These repositories must use transparent, interoperable data formats and be continuously updated, while strictly prohibiting the collection of any personally identifiable information. This initiative aims to help individuals make informed education and career choices, and provides data for employers, educators, and counselors.
The Supporting VA Families Act grants unpaid parental leave to Department of Veterans Affairs employees. This provision allows employees to take four weeks of unpaid leave within a 12-month period for the birth of a child or for adoption and foster care placements. The leave is designed to supplement existing leave policies rather than replace them, ensuring employees can balance family needs with their work responsibilities. The act defines eligible employees and children according to existing federal definitions found in Title 5 of the United States Code.
This bill, the VA Police Recruitment and Retention Act of 2026, prevents federal officials from lowering the pay grade or status of law enforcement positions within the Department of Veterans Affairs. It directly affects VA police officers and other law enforcement staff by blocking any proposed position downgrades and ensuring that no federal funds can be used for such reductions. The law also requires that any downgrades made between October 1, 2025, and the bill's enactment be reversed, restoring affected positions to their previous status and ensuring employees receive the pay they would have earned. By defining covered positions broadly to include all law enforcement roles regardless of funding source or employment type, the measure aims to protect the compensation levels of these workers from administrative reductions.
This joint resolution directs the President to remove U.S. military forces from ongoing hostilities against Iran that lack congressional authorization, specifically referencing the Operation Epic Fury campaign launched on February 28, 2026. It requires the withdrawal of troops unless Congress has declared war or passed a specific law authorizing military action against Iran. The resolution includes exceptions allowing U.S. forces to defend against attacks on American personnel, conduct intelligence activities related to Iran, assist allied nations under Iranian attack, and evacuate U.S. citizens. It does not alter current military operations involving defense, intelligence sharing, or aid to partners.
