summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To repeal certain funding increases provided under the One Big Beautiful Bill Act to Immigrations and Custom Enforcement, and to reallocate those funds to extend certain healthcare tax credits.
AI Summary
This bill, titled the Healthcare Reinvestment Act, proposes to repeal certain funding increases that were previously provided to Immigration and Customs Enforcement (ICE) under a law referred to as the "One Big Beautiful Bill Act" (Public Law 119-21). The funds that are rescinded, meaning they are taken back and no longer available, will then be reallocated to extend specific healthcare tax credits. These tax credits are related to provisions within the Internal Revenue Code of 1986, specifically section 36B, which likely pertains to health insurance premium tax credits. To ensure transparency and accountability, the bill also mandates that the Secretary of the Treasury will publish an annual report detailing how these reallocated funds are used and how many individuals benefit from the extended tax credits, with oversight provided by the Treasury Inspector General for Tax Administration through annual audits.
Committee Categories
Budget and Finance
Sponsors (9)
Seth Moulton (D)*,
André Carson (D),
Sylvia Garcia (D),
John Larson (D),
Jimmy Panetta (D),
Mark Pocan (D),
Darren Soto (D),
Shri Thanedar (D),
Ritchie Torres (D),
Last Action
Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 01/14/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/7071/all-info |
| BillText | https://www.congress.gov/119/bills/hr7071/BILLS-119hr7071ih.pdf |
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