The Kylie's Voices for Childhood Cancer Act requires state comprehensive cancer control coalitions to include at least two pediatric cancer experts as a condition for receiving federal funding. It also establishes a temporary advisory committee within the Department of Health and Human Services, composed of representatives from federal agencies and individuals with experience in pediatric cancer care or survival. This committee is tasked with developing best practices and recommendations for addressing pediatric cancer in state plans, including specific guidance on using existing block grant funds for these initiatives. The bill further amends maternal and child health services block grants to explicitly allow states to use funds for pediatric-specific cancer control goals and to implement the advisory committee's recommendations.
The 504 Modernization and Small Manufacturer Enhancement Act of 2026 amends the Small Business Investment Act to expand eligibility for federal financing programs, specifically allowing loans to support workforce training, disaster recovery areas, and small businesses with ten or fewer employees. The bill streamlines loan closing procedures by permitting certified development companies to make minor adjustments to project costs and borrower details without restarting the approval process, while also authorizing approved attorneys to handle closings for priority lenders. Additionally, it relaxes occupancy requirements for new facilities and existing buildings, allowing small manufacturers to lease up to 50 percent of a new facility and other businesses to lease up to 66 percent of an existing building under specific conditions. Finally, the legislation requires the Small Business Administration to implement a marketing plan to improve loan awareness and exempts certain development company loans from standard credit availability rules.
The Ensuring SBA Implementation of GAO Recommendations Act of 2026 requires the Small Business Administration to develop and implement specific policies within 60 days of its enactment. This action is directed at the Associate Administrator for Veterans Business Development and aims to ensure compliance with reporting requirements established by the Veterans Entrepreneurship and Small Business Development Act of 1999. The bill specifically targets the SBA's internal procedures regarding veteran-owned small businesses.
The Digital Asset Tax Certainty Act amends the Internal Revenue Code to clarify how cryptocurrency and other digital assets are taxed, creating a framework that treats them more like traditional financial securities for many purposes. Key provisions include allowing taxpayers to ignore small transaction fees under $10, offering simplified annual accounting methods for widely traded cryptocurrencies, and treating U.S. dollar stablecoins as cash for tax basis calculations. The bill also extends existing anti-abuse rules, such as wash sale restrictions, to digital assets and establishes a voluntary disclosure program that allows individuals to correct past reporting errors in exchange for reduced penalties. These changes aim to reduce compliance burdens for individual investors while ensuring that professional traders and dealers face tax obligations similar to those in the traditional stock market.
The Empowering Moms Act directs the Secretary of Health and Human Services to update the government website moms.gov within one year to serve as a centralized directory for resources aimed at pregnant, postpartum, and parenting women. The bill authorizes grants for states to help aggregate local resources, which users can filter by ZIP code and distance, while also allowing the federal government to contact users via phone or email if they consent to follow-up outreach. A key provision excludes organizations that provide abortions, except in cases of rape, incest, or life-threatening conditions, from being listed on the website or receiving state grants. The act mandates that the website be accessible in multiple languages and requires the Secretary to submit a report to Congress within 180 days detailing user traffic, feedback, and resource gaps.
The Disaster Loan Outreach Consistency Act requires the Small Business Administration to create standardized procedures for its disaster field operations centers within 180 days of enactment. These procedures must ensure that all public communications, such as press releases and fact sheets, accurately reflect current loan terms and eligibility requirements. The bill mandates the use of verified templates and an annual review process to maintain consistency across different regional offices. Additionally, the agency head must notify relevant congressional committees within 30 days of establishing or significantly updating these outreach procedures.
The SBIC Reporting Modernization Act of 2026 requires the Small Business Investment Company (SBIC) Administrator to publish a quarterly report on the performance of licensed small business investment companies. This mandate begins 90 days after the bill is enacted and applies to all SBICs operating under the Small Business Investment Act of 1958. The reports must include specific data points such as the number of applicants approved for final licensing, the dollar value of debentures issued, and the total number of jobs created or sustained through these investments.
The 504 Program Level Flexibility Act allows the Small Business Administration to exceed its annual loan guarantee limit by up to 15 percent if demand for financing from qualified state or local development companies is high. This provision applies starting in fiscal year 2027 and requires the agency administrator to notify specific congressional committees at least 30 days before using this extra authority. The bill also restricts the SBA to using this flexibility measure no more than once per fiscal year.
This bill directs the Forced Labor Enforcement Task Force to complete an investigation within 180 days regarding the use of forced labor in cobalt mining in the Democratic Republic of the Congo. The resulting report must include a strategy to enforce existing U.S. laws that ban the importation of goods produced by forced labor, with specific measures to trace supply chains and prevent such materials from entering the market through third countries. The investigation is required to identify entities potentially involved in these practices and recommend tools for customs officials to detect prohibited cobalt. This mandate remains in effect for eight years or until the President determines that forced labor in the Congolese mining industry has ended.
The EFIN Verification Act of 2026 requires tax preparers to validate their Electronic Filing Identification Numbers (EFINs) before electronically submitting federal tax returns or other documents on behalf of taxpayers. The bill mandates that the Treasury Secretary establish a real-time validation system capable of processing high-volume requests from large-scale tax preparation software and financial institutions. This system will confirm whether an EFIN is active, authorized, or compromised at the moment a filing attempt is made. Additionally, the legislation permits the disclosure of specific information to approved third-party validators to facilitate this verification process, with these requirements taking effect for taxable years beginning two years after enactment.
The Combating Foreign Threats to Main Street Act of 2026 directs the Small Business Administration to create and distribute educational materials that help small businesses identify and protect against harmful activities by foreign adversaries. These materials must cover topics such as intellectual property theft, cybersecurity risks, forced labor in supply chains, and the dangers of specific commercial relationships with foreign-controlled entities. The bill requires the agency to review and update these resources annually starting in 2027 to ensure they reflect current threats and best practices. Additionally, if the agency determines that a specific activity poses a significant risk to national or economic security, it must notify the relevant congressional committees about the finding and its justification.
This bill increases the mandatory financial contributions from Federal Home Loan Banks to the Affordable Housing Program by extending a 15 percent net income requirement through 2025 and establishing it as the permanent rate for 2026 and beyond. The legislation directly affects the Federal Home Loan Banks, which are government-sponsored enterprises that provide funding to member banks and credit unions. A key provision ensures that these annual contributions will not fall below $100 million in any given year, regardless of the banks' net income fluctuations.
