HR 7513, the GSIB Act of 2026, requires the largest global systemically important bank holding companies (GSIBs) to submit detailed annual reports to the Federal Reserve Board. These reports must cover specific disclosures including the bank's size and complexity, branch locations, enforcement actions (including labor and safety violations), trading desk activities, executive compensation comparisons, climate risk strategies, environmental justice impacts, and diversity policies. The bill mandates public availability of these reports on the Federal Reserve's website, increasing transparency around banking practices. This affects only the most significant banks deemed systemically important by regulators, not all financial institutions.
Department of Homeland Security Appropriations Act, 2026 This bill provides FY2026 appropriations for various agencies and offices within the Department of Homeland Security (DHS), except for U.S. Immigration and Customs Enforcement (ICE), U.S. Customs and Border Protection (CBP), and management and oversight activities of the Office of the Secretary. Specifically, the bill provides appropriations to DHS for the Federal Protective Service, the Office of Inspector General, the Transportation Security Administration, the U.S. Coast Guard, the U.S. Secret Service, the Cybersecurity and Infrastructure Security Agency, the Federal Emergency Management Agency (FEMA), U.S. Citizenship and Immigration Services, the Federal Law Enforcement Training Centers, and the Science and Technology Directorate. The bill does not provide appropriations for some agencies and activities that have been funded in prior DHS appropriations acts, including ICE, CBP, and management and oversight activities of the Office of the Secretary.
HR 7506, the "Decreasing Russian Oil Profits Act of 2026," imposes sanctions on foreign companies and individuals involved in purchasing or facilitating the trade of Russian crude oil or petroleum products. It requires the U.S. President to block financial transactions involving such entities after a 90-day delay, targeting those responsible for Russian oil imports or related financial activities. The bill includes limited exceptions for countries that reduce Russian oil purchases (with funds used for agriculture/medicine), countries supporting Ukraine via dedicated accounts, or nations providing significant military/economic aid to Ukraine. Sanctions expire automatically five years after enactment.
HR 7507, the Fiscal Harms of Federal Firings Act, mandates the Government Accountability Office (GAO) to study how federal workforce reductions (RIFs) impact state and local government budgets. The study will examine increased costs for services like unemployment insurance and Medicaid, reduced tax revenues, regional economic shifts, and varying fiscal challenges across states. It requires the GAO to consult with state officials, economists, and federal agencies, then submit a public report to Congress within 18 months detailing findings, historical case studies, and policy options. This bill does not change federal policy but aims to provide data for future decisions about RIFs' fiscal effects.
The Firearm Safety Act of 2025 removes an existing exemption that prevents the Consumer Product Safety Commission from regulating firearms as consumer products. By amending the Consumer Product Safety Act, the bill allows the commission to apply its standard safety rules to guns, similar to how it regulates other household items. This change directly affects manufacturers and sellers of firearms by potentially subjecting them to federal safety standards and testing requirements. The legislation does not alter existing gun laws or create new bans, but rather changes the regulatory framework under which firearm safety is overseen.
HR 7516, the "No Funds for Forced Labor Act," requires the U.S. Treasury to direct American representatives at international financial institutions (like the World Bank) to oppose loans for projects that use or risk using forced labor, particularly those involving state-run entities in Xinjiang. It mandates these institutions to vet projects for forced labor risks, explain their vetting process, and detail mitigation steps before funding. The bill directly affects international financial institutions and the projects they fund, especially those linked to Xinjiang. It does not ban all loans but targets projects with documented forced labor concerns, requiring annual reports to Congress on implementation. The law focuses on policy changes to prevent U.S.-aligned financial support for forced labor practices.
HR 7497 establishes a new grant program to fund trauma-informed mental health support in schools, authorizing $50 million annually from 2027-2031. It directly affects students, teachers, school staff, and community mental health providers by requiring grantees to develop collaborative services between schools and local mental health systems. Key provisions include funding evidence-based staff training on trauma-informed practices, creating school-community partnerships, and ensuring culturally competent services for students - including those with disabilities. The bill mandates that funds supplement, not replace, existing resources and requires grantees to coordinate with agencies like child welfare and juvenile justice through formal interagency agreements.
HR 7498, the After Hours Child Care Act, creates a new Child Care and Development Innovation Fund to expand child care access for parents working nontraditional hours (like evenings, nights, or weekends). The bill directly affects working parents with young children who struggle to find care outside standard 9-to-5 hours, aiming to help them stay employed and advance in their careers. It authorizes $25,000-$500,000 grants for up to 5 years to eligible entities (such as child care providers or partnerships with businesses) to expand existing programs, establish new onsite workplace child care, or improve facilities and staff training. Grantees must cover 25% of costs, and the Secretary of Health and Human Services must report every two years on the program’s impact, including children served and changes in child care availability.
This bill requires the military to approve leave for abortion and fertility care without commanders needing to know the specific procedure. It mandates reimbursement for travel, lodging, meals, and transportation costs when care isn't available nearby, and prohibits punishment for using this leave. It directly affects active-duty service members and their dependents who face barriers to reproductive care due to military restrictions or location. The policy change removes command discretion in approving leave for time-sensitive reproductive health services.
This bill, S 3823 (FAIR Act), sets specific pay adjustments for federal employees in calendar year 2027. It mandates a 3.1% increase in base pay for employees covered by statutory pay systems (most federal workers) and prevailing rate employees (those paid based on local private-sector wages), and a 1% increase in locality pay adjustments. These changes directly affect all federal employees whose pay is determined under the specified systems outlined in Title 5 of the U.S. Code. The bill is procedural, establishing concrete pay rate adjustments without altering broader employment policies.
The Break Up Big Medicine Act requires large healthcare companies that own multiple parts of the healthcare system (such as insurance, pharmacies, and physician practices) to divest certain businesses to eliminate conflicts of interest. It prohibits common ownership between entities like health insurers and physician practices, or drug wholesalers and medical providers, mandating divestiture within one year of enactment. Non-compliance would trigger penalties including monthly escrow of 10% of profits, and the bill allows government agencies and individuals to sue for violations. This directly affects the largest health insurance companies, pharmacy benefit managers, and drug distributors that have integrated operations across the healthcare sector.
HR 7480, the FAIR Act, sets pay adjustments for federal employees in 2027. It increases base pay by 3.1% for most federal workers under standard pay systems and for employees paid according to local civilian wages in high-cost areas. Additionally, it raises locality pay adjustments by 1% for 2027. The bill directly affects all federal employees covered by these pay systems through concrete, formula-based adjustments.
