The Stock Buyback Accountability Act of 2026 raises the federal excise tax on corporate stock repurchases from 1 percent to 4 percent, directly affecting corporations that buy back their own shares. This change also modifies existing tax rules to exclude stock issued to high-income executives and employees earning over $1 million from the tax calculation. The new provisions apply to stock repurchases occurring after the law is enacted, with specific transition rules for partial-year transactions, while the adjustments to tax exemptions take effect for taxable years ending more than 90 days after enactment.
This bill abolishes the Anti-Weaponization Fund, a financial reserve created by the Attorney General during the Trump v. Internal Revenue Service legal case. It also declares an order issued on May 19, 2026, regarding the release of certain claims as invalid and without effect. The legislation directly impacts the Department of Justice by removing this specific fund and reversing the associated administrative directive.
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 Make More in America Act of 2026 expands the Export-Import Bank's authority to provide loans, guarantees, and other financial support specifically for U.S. manufacturing projects that are intended for export. This new program targets strategic industries such as renewable energy, semiconductors, shipbuilding, and advanced robotics, with a goal of creating at least 30 percent of the Bank's annual financing for these domestic projects. To ensure accountability, the bill requires recipients to meet prevailing wage standards, commit to workforce training, and adhere to strict timelines, with funds subject to clawback if these conditions are not met. Additionally, the legislation increases the Bank's overall lending authority, establishes a new interagency committee to coordinate federal investment strategies, and tightens rules on who is eligible for Bank support.
This bill, known as the Gun Records Restoration and Preservation Act, aims to repeal specific restrictions on how the Bureau of Alcohol, Tobacco, Firearms and Explosives manages gun-related data. By removing these limits, the legislation would allow federal agencies to keep instant background check records longer than the current 24-hour requirement and enable the ATF to conduct annual inventory audits of gun dealers. Additionally, the bill would permit the consolidation of firearms records and allow for more Freedom of Information Act requests regarding gun traces. These changes are intended to help law enforcement track illegal firearms more effectively and support research into gun trafficking patterns.
The Child Safety and Well-Being Act of 2026 establishes a new federal Children's Commission to advocate for the interests of all children and specifically marginalized youth, including foster care recipients and those facing systemic barriers. This 15-member commission, appointed by the Comptroller General, will conduct research, review federal regulations, and issue reports to ensure that child well-being is considered in government policies and legislation. The bill also creates a Children's Commissioner to lead the commission and requires agencies to share relevant data, while authorizing $7.5 million annually from 2027 through 2034 to fund these operations.
The Federal Flood Risk Management Act of 2026 requires federal agencies to evaluate and manage flood risks when undertaking projects in or affecting floodplains. Under this law, agencies must use climate-informed science to determine flood levels, adding a safety margin of two to three feet above current base flood elevations depending on the project's criticality. The bill mandates that federal construction and funding comply with a specific risk management standard, which includes elevating structures, preserving natural floodplain functions, and notifying the public of potential flood hazards. Federal agencies are also required to inform private parties about flood risks before approving financial transactions in vulnerable areas and must submit regular reports to Congress on how these new requirements are being implemented.
This bill, known as the Stopping Harmful and Outrageous Torts Act, expands legal protections for firearm manufacturers and sellers by strengthening their immunity from civil lawsuits. It requires courts to immediately dismiss any pending cases against these companies that are based on the criminal or unlawful misuse of a gun by a third party, while also clarifying that sellers are not liable for negligence in entrusting products to others. The legislation further restricts who can file such suits by prohibiting foreign governments from bringing these claims and adding a specific exception for victims under the age of 17, though it maintains immunity for cases involving design or manufacturing defects. Additionally, the bill allows companies to move these cases to federal court and grants them the right to appeal dismissal orders immediately, along with the ability to recover legal fees if they win. Finally, it preempts state and local laws that attempt to impose liability on these entities for the same types of misuse-related harms.
The Keep Public Funds in Public Schools Act of 2026 eliminates a federal tax credit that allowed parents to deduct contributions to scholarship granting organizations from their income. By removing these specific tax breaks, the bill prevents the use of public tax dollars to support private school vouchers and scholarship programs. This change directly affects families who currently rely on these tax incentives to fund education outside the public school system. The provisions take effect for taxable years beginning after December 31, 2026.
This bill directs the Assistant Secretary of Commerce for Communications and Information to conduct a comprehensive study on various broadband internet technologies, including fiber-optic cables, satellite systems, and mobile wireless networks. The study will examine specific factors such as workforce needs, deployment costs, internet speed and latency, equipment lifespan, and monthly subscription prices for consumers. The findings will be compiled into a report submitted to Congress within one year of the bill's enactment to inform future policy decisions regarding broadband infrastructure.
This joint resolution seeks to reject a specific rule issued by the Department of Health and Human Services regarding the Child Care and Development Fund. By invoking a statutory process, the bill aims to prevent the rule from taking effect, which would stop the Department from implementing the proposed changes to child care funding flexibility. The measure directly impacts the administration of federal child care assistance programs and affects families and organizations relying on the CCDF. If passed, the original regulations published in May 2026 would be nullified and have no legal force.
The Protect Working Musicians Act of 2026 allows independent musicians and small music businesses to collectively negotiate licensing terms with large online music platforms without facing antitrust lawsuits. This protection applies specifically to creators who earn less than $1 million in licensing revenue or qualify as small businesses, enabling them to form groups to discuss fair rates and refuse unfair deals. The law defines "dominant platforms" as those generating over $100 million in music distribution revenue and extends these negotiation rights to include discussions with companies developing generative artificial intelligence. By shielding these groups from legal liability, the bill aims to correct an imbalance where smaller creators currently lack the power to bargain effectively against major digital services.
