Making appropriations for financial services and general government for the fiscal year ending September 30, 2026, and for other purposes.
Legislative Progress
ReportedMr. Joyce of Ohio, from the Committee on Appropriations, reported …
Summary
What This Bill Does
This is an annual appropriations bill that funds the Treasury Department, IRS, federal courts, consumer protection agencies (FTC, CPSC), FCC, SEC, and other government operations for fiscal year 2026. Beyond basic funding, it includes dozens of policy riders that restrict how agencies can spend money.
Who Benefits and How
Cryptocurrency industry: Gets favorable treatment through mandated reports on Strategic Bitcoin Reserve feasibility and digital asset custody. Businesses subject to FTC oversight: Face reduced regulatory enforcement as the bill blocks FTC from conducting investigations with foreign authorities and enforcing unfair competition rules. Small businesses: Protected from beneficial ownership reporting requirements found unconstitutional. Oil and gas industry: Benefits from restrictions on Central Bank Digital Currency development. Off-highway vehicle manufacturers: Exempt from safety standards as the bill blocks ROV and UTV safety regulations.
Who Bears the Burden and How
IRS enforcement: Faces restrictions on hiring, bonuses, and firearm purchases; cannot develop free tax filing services. Environmental and diversity initiatives: Blocked entirely as the bill prohibits DEI programs, Critical Race Theory training, climate-related disclosures, and ESG advisory committees. Consumer protection: Weakened as CPSC cannot implement gas stove bans or table saw safety standards. Federal Trade Commission: Cannot conduct international merger reviews or enforce new unfair competition rules.
Key Provisions
- Blocks IRS from developing free public electronic tax filing
- Prohibits Treasury from developing Central Bank Digital Currency
- Requires report on Strategic Bitcoin Reserve feasibility
- Blocks all federal DEI and Critical Race Theory programs
- Restricts FTC enforcement and international cooperation
- Blocks CPSC gas stove and table saw safety standards
- Prohibits SEC climate disclosure rules
- Restricts beneficial ownership reporting enforcement
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Appropriates funds for financial services, general government operations, and independent agencies for fiscal year 2026, while implementing numerous policy restrictions on federal agency activities
Policy Domains
Legislative Strategy
"Uses appropriations process to implement broad policy restrictions on federal regulatory agencies, blocking environmental, consumer protection, and financial regulations while promoting cryptocurrency and limiting IRS enforcement capabilities"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of the Treasury
- "the_commissioner"
- → Commissioner of Internal Revenue
- "the_director"
- → Director of the Office of Management and Budget
- "the_director"
- → Director of the Administrative Office of the United States Courts
- "the_commission"
- → Consumer Product Safety Commission or Federal Communications Commission or Federal Trade Commission (context-dependent)
- "the_administrator"
- → Administrator of General Services
- "the_director"
- → Director of the Office of Management and Budget
Note: 'The Commission' refers to Consumer Product Safety Commission in sections 501-504, Federal Communications Commission in sections 505-509, and Federal Trade Commission in sections 510-517
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology