Sponsors (10)
The bill preserves premium tax-credit eligibility and funds short-term program operations and oversight by repurposing prior appropriations, but does so without new program detail and by rescinding earlier appropriations—creating legal, budgetary, and privacy risks while reducing congressional control.
Low-income individuals and families will keep eligibility for the §36B premium tax credit (including advance payments), so people who rely on premium subsidies face less immediate loss of subsidies.
The Treasury gains immediate, flexible budgetary authority to use rescinded funds to maintain tax-credit operations, helping the IRS/Treasury continue administering premium tax credits without fiscal-year budget limits.
Taxpayers and beneficiaries benefit from new transparency and oversight because Treasury must publish annual reports and TIGTA will audit use of the funds and counts of people who retained §36B eligibility.
Rescinding previously enacted appropriations and repurposing those funds reduces Congress's original control over spending and sets a precedent that could shift enacted appropriations, increasing institutional and political risk.
Repealing prior statutory sections and rescinding their appropriations creates legal uncertainty and potential litigation over actions taken under the now-repealed provisions, which could delay program administration or require corrective action.
The bill does not specify new dollar amounts, deadlines, or long-term program details, leaving low-income and uninsured individuals uncertain about the duration and stability of their coverage and benefits.
Based on analysis of 3 sections of legislative text.
Rescinds prior appropriations and redirects those funds to Treasury to extend application of two premium tax credit provisions under IRC §36B, with annual reporting and audits.
Official title: 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.
Introduced January 14, 2026 by Seth Moulton · Last progress January 14, 2026
Transfers previously appropriated funds back to the Treasury and uses them to extend application of two premium tax credit–related provisions of the Internal Revenue Code (section 36B). It also requires annual public Treasury reporting on how those funds are used and annual audits by the Treasury Inspector General for Tax Administration. The Act repeals specified prior appropriation language, rescinds the earlier amounts as if never enacted, makes the funds available without fiscal year limitation to support continued application of certain premium tax credit rules, and adds transparency and audit requirements for those transferred funds.