The GRACE for Military Survivors Act extends the deadline for contributing military death benefits to Roth IRAs and Coverdell education savings accounts from one year to three years. This change directly benefits families of service members who receive these death benefits, giving them more time to save for retirement or education. The law applies to benefits received after the bill is enacted and includes a special rule allowing contributions made within a specific window for benefits received between 2001 and the enactment date. By amending the Internal Revenue Code, the bill ensures that eligible funds can be deposited into these tax-advantaged accounts without losing their value due to time limits.
The No Goodwill for Harming Women Act prohibits sports franchise owners from using tax deductions to write off the value of their teams. This rule applies specifically to professional female sports leagues that allow male athletes to participate, based on the definition of sex as reproductive biology and genetics at birth. The bill requires the IRS to create regulations to verify which teams fall under this restriction, and the changes will only affect assets purchased after the law is enacted.
The Supporting Older Foster Youth Act increases federal funding for foster care programs to $163 million annually, effective October 1, 2026. This change directly impacts the administration of foster care services by providing additional resources to states and agencies managing these programs. The bill achieves this by amending the Social Security Act to raise the specific appropriation amount previously set for fiscal years 2020 and beyond. No new programs or eligibility rules are created; the legislation solely adjusts the existing budget allocation for older foster youth support.
The Health and Location Data Protection Act of 2026 prohibits data brokers from buying, selling, or sharing specific types of personal information, including an individual's health data and location history. This ban applies to any entity that resells data it did not collect directly from the person, though it allows exceptions for actions compliant with existing HIPAA rules, newsworthy reporting, and disclosures where the individual has given valid consent. The Federal Trade Commission is tasked with defining exactly what counts as "data" and issuing final rules within 180 days of the law's enactment. Violations of these restrictions can lead to enforcement actions by the FTC, state attorneys general, or private individuals, potentially resulting in civil penalties of up to 15 percent of the violator's annual revenue. The legislation also includes a funding provision that appropriates $1 billion to the FTC for fiscal year 2027 to support its work under this act.
The Local Foods for Healthy Schools Act of 2026 creates a new program to help state and local governments purchase and distribute food grown within 400 miles of schools. This initiative provides $200 million annually to eligible state agencies, which can either buy local produce directly or give funds to school districts for that purpose. The bill defines local foods as minimally processed agricultural products and requires recipients to submit reports on their purchases while ensuring funds supplement rather than replace existing state support.
This bill authorizes Congress to award a Congressional Gold Medal to individuals who fought for or with the United States in the Pacific theater during World War II and subsequently became prisoners of war. The legislation specifically recognizes the service and sacrifice of those who defended locations such as Bataan and Corregidor, including Filipino soldiers and civilians who served alongside U.S. forces. To implement this award, the Speaker of the House and the President pro tempore of the Senate will arrange for the creation of a gold medal by the Secretary of the Treasury, which will be presented to the Smithsonian Institution for display. The act also allows for the production of duplicate bronze medals to cover the costs of the original gold medals, with any proceeds from these sales deposited into the United States Mint Public Enterprise Fund.
This bill establishes a new category of student loans called Outcomes-Based Financing (OBF) products, which allow borrowers to repay their debt based on their future income rather than a fixed schedule. It directly affects students, lenders, and educational institutions by creating specific tax rules that treat OBF payments similarly to interest and educational assistance. The legislation mandates strict consumer protections, requiring lenders to disclose key terms like income thresholds and payment calculations, while also capping monthly payments at 20% of a borrower's income and setting a maximum loan duration of 360 months. Additionally, the bill preempts conflicting state laws regarding interest rates and payment structures to ensure uniformity for these new financial products.
The Investor Choice Act of 2026 prohibits companies, brokers, and investment advisers from forcing customers into mandatory arbitration or class-action waivers for future disputes. Under this law, securities exchanges cannot list stocks from issuers that require arbitration in their bylaws or contracts, and financial firms are barred from entering into agreements that limit a client's choice of legal forum or ability to join group lawsuits. The bill applies to new contracts signed after its enactment, while existing agreements containing these prohibited clauses become void unless arbitration proceedings were already started before the law takes effect.
The Diversity Visa Protection and Modernization Act limits the executive branch's ability to completely stop the Diversity Visa Program, which provides immigration opportunities to applicants from countries with low rates of migration to the United States. Instead of allowing indefinite or broad pauses, the bill permits only targeted restrictions on specific countries, individual security denials, or temporary suspensions lasting no more than 60 days. Any such limitation requires the relevant government officials to notify Congress and publish details about the threat and legal basis at least seven days in advance. Additionally, the law ensures that individuals who have already received a Diversity Visa cannot lose their eligibility due to a temporary program-wide suspension.
The Transparency in Medicare Advantage Steering Act requires Medicare Advantage organizations to report specific details about agents and brokers who help enroll individuals in their plans starting in 2028. These reports must include whether an agent was involved, the amount and form of compensation paid to that agent, and the total compensation paid to all such representatives for the year. Beginning in 2030, the Centers for Medicare & Medicaid Services will make this compensation data publicly available online and add an indicator to identify agent-enrolled individuals in its data warehouse. The bill directly affects Medicare Advantage organizations, their sales representatives, and the public seeking information about how these plans are marketed.
The READ AI Models Act directs the National Institute of Standards and Technology (NIST) to develop a free, flexible template for documenting artificial intelligence (AI) models. The template would require basic details like developer information, training data cutoff dates, supported languages, and terms of service for both public and private sector AI models. NIST must gather public input through a 60-day comment period before finalizing the template and technical guidelines. If the pilot program proves effective, NIST would publish the template publicly and report to Congress within one year.
The LIFT AI Act (HR 5584) provides federal funding through competitive grants to develop AI literacy programs for K-12 education. It directly affects elementary and secondary schools, teachers, and students by supporting the creation of AI-focused curricula, teacher training on responsible AI use, and hands-on learning tools. Key provisions include funding for project-based learning materials, professional development for educators, and evaluation methods to assess student AI proficiency. The bill aims to integrate practical AI skills into classrooms while ensuring content adapts to evolving technology. It does not fund direct student programs but enables schools to build foundational AI education through grant-supported resources.
