Budget & Taxes across the country

in committee · United States · House Jul 20, 2026

HR 9624: Intelligence Authorization Act for Fiscal Year 2027

The Intelligence Authorization Act for Fiscal Year 2027 provides funding for the Federal Government's intelligence activities and authorizes specific budget amounts for the Central Intelligence Agency's retirement and disability system. It establishes a classified schedule detailing these financial authorizations, which is shared with congressional appropriations committees and the President but restricted from public disclosure. The legislation also includes a provision allowing for increases in employee compensation and benefits if authorized by law and sets a restriction ensuring that funding does not support intelligence activities not already permitted by the Constitution or existing laws.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly authorizes funding for intelligence activities and the CIA retirement system, directly advancing the budget topic.95% confidence

Sponsor Eric A. "Rick" Crawford (R)

Track

in committee · United States · House Jul 13, 2026

HR 9657: Protecting American Homes from Hedge Funds Act

This bill imposes new taxes on large investment firms, known as hedge funds, that own multiple single-family homes to discourage them from holding properties as long-term investments. Under the tax provisions, these firms would face a 50 percent charge on the value of any new homes they buy and an annual penalty of $50,000 for every home they hold beyond a specific limit that decreases over time. The legislation also creates a Housing Downpayment Trust Fund financed by these taxes to provide grants for down payments and closing costs to low-to-moderate-income buyers. Additionally, the bill disallows mortgage interest and depreciation tax deductions for owners subject to these new taxes and bars federal mortgage agencies like Fannie Mae and Freddie Mac from lending to or buying mortgages from these large investors.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes new taxes on hedge funds to fund a Housing Downpayment Trust, advancing fiscal management and funding essential housing programs.95% confidence ✓ HousingSupports HousingBill imposes taxes on hedge funds owning single-family homes to discourage long-term investment and fund a downpayment trust, directly advancing affordable housing.95% confidence

Sub-Topics Mortgages

Sponsor Adam Smith (D) · 3 co-sponsors

Track

in committee · United States · House Jul 22, 2026

HR 9721: Fiscal Sponsorship Transparency Act of 2026

The Fiscal Sponsorship Transparency Act of 2026 requires tax-exempt organizations to publicly report details about their fiscal sponsorship agreements, including the names of involved parties, financial amounts, and the specific activities funded. This law defines fiscal sponsorship as arrangements where a nonprofit receives and manages donations on behalf of another person or project while retaining control over how the funds are used. To prevent abuse, the bill also introduces penalties for "improper conduit arrangements," where charities fail to exercise control over funds intended for non-charitable individuals, imposing taxes on both the organization and its managers. These new reporting and penalty provisions will take effect for taxable years beginning after December 31, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill promotes fiscal responsibility by requiring transparency in nonprofit fiscal sponsorship, preventing abuse and ensuring proper management of public funds.85% confidence

Tags Government Transparency

Sponsor Lloyd Smucker (R)

Track

in committee · United States · House Jul 14, 2026

HR 9664: K–9 Hero Act of 2026

The K-9 Hero Act of 2026 establishes a grant program to help cover medical costs for retired federal working dogs, directly affecting nonprofit organizations that provide care or financial aid to their owners. Starting in fiscal year 2027, the Secretaries of Defense and Homeland Security will jointly award grants to eligible nonprofits, with a maximum of $1 million per organization per year, to pay for veterinary treatment, surgeries, and necessary health supplies. To ensure accountability, recipients must submit annual reports on how the funds are used, and any unspent money will reduce the grant amount for the following year. The legislation authorizes $5 million annually for four years and requires the agencies to track health outcomes and report their findings to Congress every year until 2031.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a new grant program funded by the government to cover medical costs for retired federal working dogs, directly increasing appropriations for a specific public service.95% confidence ✓ HealthcareSupports HealthcareBill establishes a grant program to fund veterinary medical costs for retired federal working dogs, directly increasing healthcare resources.90% confidence

Sponsor Derrick Van Orden (R)

Track

in committee · United States · House Jul 13, 2026

HR 9652: Northern Marianas VA Community-Based Outpatient Clinic Authorization Act of 2026

This bill authorizes the Department of Veterans Affairs to build or renovate a community-based outpatient clinic in Saipan, Northern Mariana Islands, using up to $3.696 million in fiscal year 2027. The legislation allows the VA to use flexible building standards suited to the island's unique geographic and logistical challenges, such as the need for ocean transport of materials and limited local contractors. It specifically aims to address the current lack of a permanent VA clinical presence in the region and reduce the burden on veterans who must travel long distances for care. Ultimately, the act provides funding and regulatory flexibility to establish a local medical facility for veterans living in the Commonwealth of the Northern Mariana Islands.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes $3.696M in funding for a VA clinic, directly increasing government spending on public services.90% confidence ✓ HealthcareSupports HealthcareBill authorizes funding to build/renovate a VA clinic, expanding healthcare access for veterans in the Northern Marianas.95% confidence ✓ VeteransSupports VeteransBill authorizes funding for a VA clinic to improve veteran healthcare access in Northern Mariana Islands.95% confidence

Sub-Topics Primary Care

Sponsor Kimberlyn King-Hinds (R)

Track

in committee · United States · House Jun 29, 2026

HR 9529: NO PROFIT Act

The NO PROFIT Act imposes a 100 percent tax rate on net capital gains earned by individuals while serving as President of the United States. Additionally, it requires presidents to mark their personal assets to market value at the end of each taxable year, forcing them to recognize any gains or losses even if they do not sell the assets. These rules apply to any assets held outside of a qualified blind trust during their time in office and take effect for tax years beginning after December 31, 2024. The legislation directly affects the financial obligations of the sitting president and their immediate family members who hold non-trusted investments.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes a 100% tax on presidential capital gains and mandates asset marking, closing loopholes and enhancing fiscal responsibility.90% confidence

Sponsor Andrea Salinas (D)

Track

in committee · United States · House Jul 17, 2026

HR 9586: Delivering Priority Legislation Act

The Delivering Priority Legislation Act is a comprehensive bill that amends several existing federal laws to address a wide range of policy areas, including small business innovation, outdoor education, nuclear security, family leave, housing, and national security. It extends funding for small business research programs, reauthorizes the Every Kid Outdoors initiative, and establishes a new National Nuclear Forensics Center to combat nuclear terrorism. The legislation also modifies the Family and Medical Leave Act to allow more flexible leave schedules, creates a tax credit for purchasing hearing aids, and requires an intelligence report on artificial intelligence systems developed in China. Additionally, it adds a criminal penalty for using corporations to hide election contributions from foreign nationals and provides specific funding for various government agencies.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends funding for small business research and reauthorizes outdoor education, indicating increased government spending on public programs.85% confidence ✓ EnvironmentSupports EnvironmentBill reauthorizes Every Kid Outdoors, an initiative focused on outdoor education and conservation, indicating support for environmental protection.85% confidence

Sub-Topics Procurement Tax Credits

Sponsor James P. McGovern (D)

Track

in committee · United States · House Jun 30, 2026

HR 9537: Boat Loan Interest Deduction Act of 2026

The Boat Loan Interest Deduction Act of 2026 expands the tax deduction for interest paid on consumer loans to include recreational motorboats, alongside existing vehicles like cars and trucks. This change allows taxpayers who take out loans for boats assembled in the United States to deduct the interest they pay on their federal income tax returns, provided the boat is used primarily for recreation. The law applies to debts incurred after December 31, 2025, and requires taxpayers to report the boat's hull identification number on their tax filings.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax deductions for boat loan interest, providing tax relief to taxpayers and aligning with fiscal management by allowing deductions for recreational assets.85% confidence

Sub-Topics Income Tax

Sponsor Rudy Yakym III (R) · 6 co-sponsors

Track

in committee · United States · House Jul 14, 2026

HR 9555: Home Mortgage Interest Credit Act of 2026

This bill creates a new tax credit for homeowners who pay interest on loans used to buy, build, or improve their primary residences. The credit allows taxpayers to directly reduce their federal income tax liability by up to $2,000 annually, or $1,000 for married individuals filing separately, provided their modified adjusted gross income does not exceed specific thresholds that vary by filing status. The amount of the credit is reduced by $20 for every $1,000 that a taxpayer's income exceeds these limits, and the provision includes an automatic inflation adjustment mechanism starting in 2028. This legislation applies to taxable years beginning after December 31, 2026, and excludes nonresident aliens from claiming the benefit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides a tax credit for homeowners, offering direct tax relief and reducing federal income tax liability for eligible taxpayers.85% confidence ✓ HousingSupports HousingBill provides tax credits to homeowners for mortgage interest, financially supporting housing ownership and development.85% confidence

Sub-Topics Income Tax Tax Credits Mortgages

Sponsor George Latimer (D)

Track

in committee · United States · House Jun 30, 2026

HR 9568: HUSTLE Act

The HUSTLE Act creates a new type of tax-advantaged savings account specifically for college athletes to manage money earned from their name, image, and likeness. Eligible students at participating colleges can deposit this income into the account without paying taxes on it immediately, provided the funds are used for qualified expenses like education or career transition costs. The bill includes strict rules on how the money can be invested, limits on contribution amounts, and requirements for financial education to help athletes plan for life after their sports careers. Additionally, the account allows athletes to transfer funds to traditional retirement accounts once they are no longer eligible athletes, with a lifetime limit on such conversions.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax-advantaged savings for college athletes, offering tax relief and financial management tools.85% confidence ✓ EducationSupports EducationBill creates tax-advantaged accounts for college athletes to manage NIL income for education and career transition expenses, enhancing financial access and student support.85% confidence

Sub-Topics Higher Education

Sponsor W. Gregory Steube (R) · 1 co-sponsor

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