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Coverage of the 119th Congress
Reading the bill…
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Current Status
Referred to the House Committee on Ways and Means.
Sponsor
Adrian Smith
Introduced
May 4, 2026
How far this bill has traveled through Congress
Introduced
Committee
Passed Chamber
Passed Both
President
Enacted
Introduced
Bill filed in chamber
Committee
Reviewed & reported
Passed Chamber
House or Senate vote
Passed Both
House & Senate agree
President
Sent to White House
Enacted
Signed into law
Latest Action
Referred to the House Committee on Ways and Means.
This bill eliminates unused funding from a previous tax-cutting law called the Inflation Reduction Act. The extra money was meant to help with taxes and inflation, but since it's not being used, Congress wants to take it back. This means some taxpayer protections and small business benefits will be affected.
This change could affect how tax laws are enforced, which might impact individuals and small businesses who rely on these provisions for their financial protection.
No position data available yet
Source: cosponsors
36 members formally endorsed
Cosponsored this bill
Source: cosponsors
Cosponsor data and vote records sourced from Congress.gov. Reflects formal legislative actions only — not editorial opinion.
No representative stances found yet. Check back after the next scraping cycle.