Sponsor
William Francis Hagerty
Senator · R-TN
Senator · R-TN
The bill strengthens congressional budget oversight, taxpayer privacy safeguards, and certain ethical/anti‑fraud rules while imposing tight reprogramming controls and personnel/coverage restrictions that reduce agency flexibility, enforcement resources, and some benefits for employees and local governments.
Taxpayers and Congress will get materially greater budget transparency and oversight because agencies must provide more detailed budget estimates, notices, and reprogramming reports (including 5‑year estimates for Executive actions, 60‑day reprogramming reports, CFPB transfer notices, and quarterly obligation reporting).
Individual taxpayers (especially those interacting with the IRS) will get stronger privacy protections, identity‑theft safeguards, and improved service because the bill tightens IRS confidentiality rules, requires taxpayer‑rights training and better 1‑800 assistance, and restricts collection/aggregation of website PII.
Federal programs and taxpayers will be less likely to support goods or contractors tied to forced labor or recently convicted corporate felons because the bill bars funds for actions that would evade forced‑labor import enforcement and disqualifies corporations with recent federal felony convictions from awards.
Federal agencies (and the public relying on timely government action) will face reduced flexibility and slower responses because the bill imposes tight reprogramming and transfer limits, advance‑approval requirements, and additional Vice‑Presidential or committee signoffs.
Taxpayers and law enforcement may see weakened enforcement capacity because limits on transfers into Enforcement accounts and a $250 million rescission from the Treasury Forfeiture Fund reduce resources available for IRS audits, collections, and forfeiture‑funded activities.
Federal employees and women of federal employees/dependents will lose reproductive‑health coverage because the Act prohibits most funding for abortion coverage in the FEHB and restricts federal abortion funding in D.C., reducing access to care paid for with federal dollars.
Based on analysis of 18 sections of legislative text.
Sets FY2026 appropriations with stricter transfer/reprogramming limits, IRS operational and confidentiality requirements, OMB reporting rules for presidential actions, pay and procurement limits, and D.C. funding conditions.
Official title: A bill making appropriations for financial services and general government for the fiscal year ending September 30, 2026, and for other purposes.
Introduced December 1, 2025 by William Francis Hagerty · Last progress December 1, 2025
Sets FY2026 funding rules and conditions across many federal accounts and agencies, including detailed limits on transfers and reprogramming, program- and activity-level spending restrictions, and administrative requirements for agencies such as the IRS, OMB, and judiciary. The bill includes targeted policy riders: IRS operational and taxpayer-protection requirements and limits on enforcement targeting; OMB cost-impact reporting for presidential actions; courthouse security and USMS pilot reimbursements; multiple agency prohibitions and procurement/vehicle price caps; pay and hiring restrictions for certain federal employees and political appointees; and a package of District of Columbia funding conditions. The measure is an omnibus-style appropriations and policy package that ties funding to procedural controls, reporting requirements, and programmatic prohibitions for FY2026. It affects federal agencies’ budget flexibility, federal hiring and pay practices, taxpayer services and confidentiality at the IRS, and certain regulatory actions (for example CPSC and FCC rules), and imposes compliance conditions on recipients of federal funds, including the District of Columbia government.