Budget & Taxes

in committee · United States · Senate Jun 11, 2026

S 4759: Tax Relief for Innocent Spouses Act

The Tax Relief for Innocent Spouses Act allows the Tax Court to review innocent spouse claims from the beginning, rather than only reviewing the initial decision made by the IRS. This change directly affects married individuals who seek relief from tax liabilities caused by their spouse's unpaid taxes. The bill applies to any legal petitions or requests filed on or after the law's enactment date. It does not alter the existing rules for granting relief but ensures that courts can fully re-examine these cases without being limited to reviewing only the IRS's original ruling.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief for innocent spouses, directly reducing tax liabilities and promoting fiscal fairness.85% confidence

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in committee · United States · House Jun 8, 2026

HR 9178: Less Tax Paperwork for Digital Asset Owners Act

This bill, titled the Less Tax Paperwork for Digital Asset Owners Act, aims to simplify how individuals calculate taxes on digital assets by introducing three main changes. First, it allows taxpayers to ignore small network fees under $10 when paying for transactions, meaning they do not have to report the digital assets used to pay these fees as taxable events. Second, it creates an optional simplified accounting method for widely traded digital assets, enabling users to report gains and losses based on the total value of their holdings at the end of the year rather than tracking every single transaction. Third, it establishes specific tax rules for U.S. dollar stablecoins, treating them similarly to cash for basis and gain calculations if their value stays close to their redemption value. Additionally, the legislation updates broker reporting requirements to align with these new simplified methods and clarifies definitions for various types of digital assets to ensure consistent application of the rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces tax paperwork and simplifies reporting for digital assets, providing tax relief and administrative efficiency.85% confidence ✓ TechnologySupports TechnologyBill simplifies tax reporting for digital assets, reducing administrative burdens and encouraging adoption of cryptocurrency technology.75% confidence

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in committee · United States · House Jun 11, 2026

HR 9263: Housing Supply Fund Act of 2026

The Housing Supply Fund Act of 2026 creates a new $5 billion fund within the Treasury Department to provide competitive grants for affordable housing projects. Eligible recipients include certified financial institutions, nonprofit housing organizations, and public housing agencies, with funds intended for low- and very low-income renters and homeowners earning up to 120 percent of the area median income. Grant money can be used to establish loan reserves, capitalize revolving funds, provide risk-sharing loans, or convert commercial properties into affordable housing in urban, suburban, rural, and Tribal areas. The bill requires that all awarded funds be committed for use within four years, with unused amounts recaptured for future funding rounds, while limiting administrative expenses to no more than 5 percent of the total appropriation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new $5 billion fund to finance affordable housing, directly increasing government spending on essential public services.95% confidence ✓ HousingSupports HousingBill creates a $5 billion fund to provide grants for affordable housing projects, directly advancing and funding the topic area.95% confidence

Sub-Topics Appropriations Affordable Housing Homeownership Housing Finance

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in committee · United States · Senate Jun 8, 2026

S 4699: Guaranteeing Universal Access to Cybersecurity Act

The Guaranteeing Universal Access to Cybersecurity Act directs the Department of Homeland Security to provide $50 million annually starting in fiscal year 2027 to fund free cybersecurity services for state, local, tribal, and territorial governments. Under this bill, the Multi-State Information Sharing and Analysis Center must offer no-cost membership and access to threat intelligence and incident response support to all eligible entities that apply, with a specific focus on those lacking dedicated staff or operating on limited budgets. The legislation also requires the creation of a plan to identify and reach out to previously excluded or at-risk organizations to encourage their participation in the center's network. Additionally, the operator of the center must submit annual reports to Congress detailing membership levels, threat intelligence activities, and the effectiveness of outreach efforts to under-resourced entities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $50M annually to fund free cybersecurity services for state and local governments, directly increasing funding for public services.90% confidence ✓ TechnologySupports TechnologyBill allocates $50M annually to fund free cybersecurity services and threat intelligence for governments, directly enhancing cybersecurity capabilities.95% confidence

Sub-Topics Cybersecurity

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in committee · United States · Senate Jun 2, 2026

S 4652: Advancing Automation Research and Development in Agriculture Act

This bill creates a new competitive grant program to help specialty crop farmers in the United States adopt automation and mechanization technologies. The program provides funding to develop cost-effective tools that reduce manual labor, improve farmworker safety, and increase efficiency in growing, harvesting, and processing crops. Grants will prioritize projects that include training for farmworkers to operate new technology and ensure clear communication of results to the public. Starting in fiscal year 2026, the Department of Agriculture must set aside at least $30 million annually for this initiative to accelerate the development and testing of these innovations.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a new competitive grant program to fund automation research and development for agriculture, directly increasing government spending on essential programs.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill explicitly aims to improve farmworker safety and includes funding for worker training on new automation technologies.75% confidence ✓ TechnologySupports TechnologyBill explicitly funds automation and mechanization technologies for agriculture, aiming to improve efficiency and safety.90% confidence

Tags Agriculture

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in committee · United States · House Jun 10, 2026

HR 9240: Tax Dollar Accountability Act

The Tax Dollar Accountability Act requires states and local governments that receive federal funds to provide the Comptroller General with access to their financial records, budgets, and contracts for audits and evaluations. Under this bill, these entities must submit such documents annually within 120 days after the end of each fiscal year. If a state fails to comply with this request, the Office of Management and Budget is authorized to withhold, suspend, or condition future federal funding until access is granted.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill promotes fiscal responsibility by mandating financial transparency and audits for state governments receiving federal funds.95% confidence

Sub-Topics Appropriations Audits & Accountability Tags Government Transparency

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in committee · United States · House Jun 18, 2026

HR 9356: Veteran Headstone Honor Act

The Veteran Headstone Honor Act creates a tax credit for private cemeteries that attach official veteran headstone medallions to deceased individuals' markers. This financial incentive allows eligible cemeteries to claim a dollar-for-dollar reduction in their federal income tax liability for the specific costs of affixing these medallions. To receive the credit, the cemetery must certify to the IRS that the medallion has been installed and provide an itemized statement of the expenses incurred. The legislation applies to medallions defined under existing federal law and takes effect for expenses paid or incurred after the bill is enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for private cemeteries to encourage veteran headstone installation, providing fiscal relief and promoting veteran honors.80% confidence ✓ VeteransSupports VeteransBill provides tax credits to facilitate the installation of veteran headstone medallions, directly supporting recognition and honors for veterans.95% confidence

Sub-Topics Income Tax Tax Credits Memorials & Recognition

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in committee · United States · House Jun 8, 2026

HR 9179: Cost of Living Tax Cut Act

The Cost of Living Tax Cut Act allows individual income tax brackets to automatically adjust based on the specific cost of living in a taxpayer's region starting in the 2027 tax year. The bill requires the Treasury to calculate multipliers for different statistical areas using a new cost-of-living index, which will increase tax thresholds for areas where living costs are significantly higher than the national average. This mechanism ensures that the tax rates themselves remain unchanged while the dollar amounts defining each bracket rise to reflect local economic conditions. The law applies to individuals living in metropolitan or non-metropolitan areas and takes effect for taxable years beginning after December 31, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by adjusting brackets for cost of living, protecting taxpayers in high-cost areas.90% confidence

Sub-Topics Income Tax

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in committee · United States · Senate Jun 11, 2026

S 4761: Tax Court Parity Act

The Tax Court Parity Act amends the Internal Revenue Code to clarify the Tax Court's authority to correct errors or grant relief from final judgments. It allows the court to fix clerical mistakes at any time and provides specific grounds for overturning final decisions, including new evidence, fraud, or circumstances where justice requires it. The bill sets a one-year deadline for most motions to overturn a judgment and ensures that pending motions do not delay the original ruling. Additionally, it establishes a 90-day window for parties to appeal any new relief granted by the Tax Court.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill strengthens tax court authority to correct errors and grant relief, promoting fiscal fairness and accountability in tax administration.75% confidence

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in committee · United States · House Jun 11, 2026

HR 9285: Heat Emergency Assessment and Tracking using AI Act

The HEAT AI Act authorizes funding to create a pilot program that grants money to up to five organizations for developing artificial intelligence tools designed to better detect and track heat-related illnesses and deaths. These tools will analyze medical records and weather data to identify cases that current systems often miss due to inconsistent reporting or coding limitations. The program requires grant recipients to include diverse urban and rural communities, ensure strict privacy compliance, and train medical professionals while issuing national guidelines to standardize how heat-related deaths are documented.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly authorizes funding for a pilot program to develop AI tools for tracking heat-related illnesses, directly advancing fiscal management of public health services.90% confidence ✓ HealthcareSupports HealthcareBill authorizes funding for AI tools to better detect and track heat-related illnesses, improving public health surveillance and patient outcomes.90% confidence ✓ TechnologySupports TechnologyBill explicitly funds the development of AI tools to improve public health tracking, directly advancing technology application.90% confidence

Sub-Topics Artificial Intelligence

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