The SHARE Act introduces a new tax provision that excludes certain income from shared appreciation mortgages from gross income for qualifying borrowers. This bill directly affects low-to-moderate income homeowners who use these alternative financing products, which allow lenders to receive a share of the property's future value increase instead of requiring monthly interest payments. The key mechanism requires borrowers to meet income limits of 140 percent of the area median income and use the home as their primary residence, while the mortgage must be a second lien subordinate to a qualified first mortgage and cannot exceed 49 percent of the purchase price. The tax exclusion applies only to amounts received after December 31, 2025, and does not change the fundamental structure of these loans but rather provides specific tax treatment for their repayment and disposition.
This bill, titled the Ensuring Better Interest Treatment and Deductibility Act, would change how businesses calculate the limit on interest expenses they can deduct on their taxes. It directly affects corporations and other businesses that pay interest on loans by modifying the rules for determining adjusted taxable income. The key provision removes a specific clause from the tax code that currently limits how much interest can be deducted based on a company's earnings, effectively allowing more interest to be treated as a deductible business expense. These changes would apply to tax years starting after December 31, 2025, meaning businesses would need to adjust their financial planning for future tax filings.
This bill prohibits the use of federal funds for military force in or against Cuba from its enactment until December 31, 2026, unless Congress declares war or passes specific statutory authorization. The restriction applies to all government funds and prevents military actions without congressional approval under the War Powers Resolution. An exception allows military force consistent with the War Powers Resolution's provisions for urgent situations requiring immediate action. The legislation directly affects the U.S. Department of Defense and federal budget processes by limiting how funds can be used for military operations targeting Cuba.
This bill requires group health plans and health insurers that cover obstetrical services to also cover infertility and iatrogenic infertility treatments, including procedures like in vitro fertilization and egg freezing. It defines infertility as the inability to achieve pregnancy after 12 months of unprotected intercourse or after standard medical treatment, and iatrogenic infertility as fertility damage caused by medical procedures such as chemotherapy or radiation therapy. The legislation establishes coverage standards that cannot be more restrictive than those applied to other medical benefits, prohibits penalties against providers for offering these services, and requires annual compliance reporting to the federal government.
This bill creates a publicly accessible database to track private vendors that supply, support, or maintain components of election systems used in federal elections. It requires states and local election officials to submit information about these vendors within 30 days after each federal election, including vendor identity, contract terms, and ownership details such as parent companies and foreign interests. The legislation prohibits federal funding for election administration in any state that fails to comply with these reporting requirements. The database aims to increase transparency by making vendor information available to the public, with provisions to withhold certain details for security reasons. These changes would take effect for federal elections held in 2026 and subsequent years.
This bill, titled the Fair Treatment of Religious Organizations Act of 2026, establishes rules for how religious organizations are treated under federal tax law and financial assistance programs. It directs the IRS to determine whether an organization's purpose is religious without considering its specific beliefs about marriage, sexuality, or gender identity, even if those beliefs conflict with current laws. The legislation also prohibits federal agencies from discriminating against religious employers that receive federal funding if those employers hire staff based on their religious standards. These protections apply to religious corporations, associations, educational institutions, and societies, ensuring they can maintain employment practices aligned with their faith when receiving government support.
This bill would allow children in foster care who are placed in qualified residential treatment programs to receive Medicaid coverage for their medical services. It directly affects state child welfare systems and healthcare providers by removing a federal exclusion that currently prevents Medicaid from covering institutional care for these children. The law amends the Social Security Act to exempt these children from the Medicaid Institutional Medicaid Days (IMD) exclusion, which typically denies coverage for services provided in institutions. The change would take effect for services provided on or after October 1, 2026, ensuring continuity of healthcare coverage for this vulnerable population.
This bill designates the facility of the United States Postal Service located at 819 West Washington Boulevard in Los Angeles, California, as the "Jerry T. Hodges Jr. Post Office Building".
This bill designates tax return preparers as official voter registration agencies, allowing them to distribute voter registration forms to clients. It requires in-person tax preparers to display registration forms visibly in their offices and online preparers to provide a prominent hyperlink to registration forms during their services. The law applies to professional tax preparers who handle at least 100 individual tax returns annually and to certified volunteer tax preparers receiving federal funding. Tax preparers are exempt from certain administrative duties like accepting completed forms or submitting them to election officials, and the Secretary of the Treasury must provide guidance and update volunteer tax site requirements to support these new responsibilities.
This bill, titled the "End Polluter Welfare for Enhanced Oil Recovery Act of 2026," eliminates federal tax credits related to enhanced oil recovery (EOR). It directly affects oil and gas companies that utilize or plan to utilize EOR methods. Specifically, the bill strikes Section 43 of the Internal Revenue Code, thereby ending the existing Enhanced Oil Recovery Credit. Furthermore, for new facilities constructed after the bill's enactment, it removes eligibility for the carbon capture tax credit (Section 45Q) when captured carbon oxide is used for enhanced oil recovery. These changes discontinue tax incentives that support specific oil extraction techniques.
HRES 971 is a non-binding resolution condemning China's economic and military actions against Japan following Japanese officials' comments about Taiwan. It specifically addresses China's travel advisory (causing $1.2 billion in tourism losses), a ban on Japanese seafood imports, and military drills near Japanese territory. The resolution reaffirms U.S. support for the U.S.-Japan alliance under their mutual security treaty and calls on China to cease coercion. It emphasizes U.S. commitment to upholding a "free and open Indo-Pacific" based on international law. This resolution directly affects Japan's economy and security, with no new legal obligations but serving as a formal U.S. policy statement.
HR 7669, the "Rejecting the Erasure of Afghan Women and Girls Act," requires the U.S. Secretary of State to submit a report within 180 days of enactment. The report must detail Taliban-imposed restrictions on Afghan women and girls since August 2021 and determine whether these restrictions constitute crimes against humanity, torture under the Convention against Torture, or gross human rights violations under U.S. law. This bill directly addresses the situation of Afghan women and girls under Taliban rule by mandating a formal U.S. government assessment of those restrictions. The legislation focuses on establishing a factual basis for potential policy responses through this required report.
