Federal budget bill sets IRS at $11 billion and funds embassies through 2026

What does this do?

HR 7006 is a federal spending bill that sets budgets for government departments and agencies through the fiscal year ending September 30, 2026. It covers domestic operations including the Treasury Department, the IRS, federal courts, and independent agencies, as well as national security and foreign affairs including the State Department, U.S. embassies, foreign aid, and international organizations. The bill also authorizes a $174,000 payment to the widow of the late California Representative Doug LaMalfa, a traditional congressional practice for deceased members.

Who does it affect?

People who pay taxes, interact with federal agencies, receive foreign assistance, or live in low-income communities are most directly affected. The widow of Representative Doug LaMalfa is also a direct recipient under this bill.

Why does it matter?

The bill determines how much funding federal agencies receive for everyday operations, tax enforcement, legal services, and international affairs through the end of fiscal year 2026. It also requires the government to report to Congress on the Strategic Bitcoin Reserve, detailing how government-held cryptocurrency affects law enforcement funds and crime victim compensation.

What does it cost, and who pays?

• IRS total funding: ~$11 billion
• Free tax filing aid for low-income filers
• $174,000 payment to LaMalfa's widow