The Medicaid Equal Standards Act requires states to implement a resource limit for individuals eligible under the Medicaid expansion, effective January 1, 2029. Under this bill, an individual would lose eligibility if their countable assets exceed $10,000, or $20,000 for married couples, with the limit adjusted every four years based on inflation. States retain some flexibility to set lower limits or include certain assets that are normally excluded from the calculation. The law also ensures that states remain eligible for federal funding even if they deny coverage to people who exceed these asset thresholds.
The Modern, Clean, and Safe Trucks Act of 2026 repeals the 12 percent federal excise tax on new heavy trucks, tractors, and trailers. By removing this tax, the bill aims to lower the purchase price of these vehicles and encourage the replacement of older, less efficient models with newer, cleaner technology. The legislation directly affects truck manufacturers, dealerships, and fleet operators by eliminating a specific line item in the Internal Revenue Code that currently applies to the first retail sale of these items. Additionally, the act includes technical amendments to related tax sections to ensure consistency after the main tax is removed.
The Freedom from Taxes Act of 2026 eliminates federal transfer and making taxes on firearms, which directly affects individuals buying or manufacturing guns. By setting these specific taxes to zero, the bill removes the $200 fee previously required when transferring or making certain firearms. The law also adds a time limit to a special tax, ensuring it no longer applies to years beginning after the bill takes effect. These changes would become active on the first day of the first calendar quarter starting more than 90 days after the legislation is signed into law.
The Drain the Slush Fund Act prohibits the U.S. government from paying any court judgments, settlements, or legal costs resulting from lawsuits filed by the President or Vice President. This restriction applies to all cases pending or filed on or after January 20, 2025, effectively barring federal funds from covering legal expenses for these specific high-ranking officials. By amending Section 1304 of the United States Code, the bill ensures that no money from the Treasury can be used to satisfy financial awards or costs associated with litigation initiated by the President or Vice President.
The Government Bailout Prevention Act prohibits the use of federal funds, Treasury resources, or Federal Reserve assistance to support state, local, or school district governments facing financial distress starting January 1, 2026. Specifically, the bill bars the government from purchasing or guaranteeing debt for entities that have filed for bankruptcy, defaulted on obligations, or are at risk of defaulting without such help. This restriction also covers debt restructuring activities but includes an exception for financial aid provided in response to declared disasters.
This bill prohibits the federal government from providing funds to any local jurisdiction that has largely eliminated cash bail for serious crimes. Under the law, the Attorney General must review and publicly announce which areas have stopped using cash bail for offenses such as violent crimes, sex offenses, burglary, and looting. If a jurisdiction is found to be in violation of this rule, it loses access to federal funding until it either re-establishes cash bail or waits 180 days after the initial determination. The measure directly impacts state and local governments by linking their receipt of federal money to their pretrial release policies.
The Bipartisan Transparency for American Taxpayers Act prohibits the use of federal funds to pay claims submitted to the Anti-Weaponization Fund. This fund was established by the Department of Justice on May 18, 2026, and the bill specifically bars any money from being used for these payments. The legislation directly affects the Department of Justice and any individuals or entities seeking reimbursement from this specific fund. By restricting funding sources, the bill aims to prevent taxpayer money from being spent on claims directed to this newly created entity.
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This bill, titled the Gas Tax Relief Act, temporarily eliminates the federal excise tax on gasoline and other taxable fuels for a period of up to 215 days starting after its enactment. The tax holiday directly affects drivers and businesses that purchase fuel, removing the specific tax rates that currently apply to these purchases. To maintain federal revenue, the law requires the Treasury Secretary to transfer an amount equal to the tax savings into the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund. Additionally, the President has the authority to extend the tax suspension or gradually reintroduce the tax over time based on economic conditions.
This Senate resolution formally condemns a 2026 settlement agreement between the Department of Justice, the IRS, and President Trump's legal team. The bill criticizes the deal for potentially using $1.776 billion in taxpayer funds to benefit President Trump, his family, and political allies, while also allowing payments to individuals who assaulted law enforcement during the January 6, 2021, Capitol attack. Additionally, the resolution denounces provisions in the agreement that grant immunity from prosecution for tax crimes to Trump and related entities, as well as the creation of an internal panel to manage the fund without public oversight.
This bill proposes to reverse several tax incentives for energy efficiency and clean energy that were previously extended by a 2024 law. It would end the tax deduction for energy-efficient commercial buildings, shorten the expiration date for the energy-efficient home credit, and delay the deadline for constructing clean hydrogen facilities. Additionally, the legislation would remove limits on the amount of credits available for clean electricity production and change how the phase-out of these credits is triggered. These changes directly affect property owners, builders, and businesses that currently rely on these specific tax breaks to fund green projects.
