Treasury funding bill adds IRS limits and new financial policy conditions
Placed on the calendarH.R. 8495Latest action
Sponsor: David P. Joyce · Representative · OH
AIDecoded by AI · checked against the recordRead the official text
Official title: Financial Services and General Government Appropriations Act, 2027
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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This bill funds the IRS, Treasury, White House offices, and courts for 2027 with numerous policy restrictions attached.
55-second read · 5 questions answered below
What does this do?
This bill sets 2026-2027 funding for the Treasury Department, Executive Office of the President, federal courts, and related independent agencies, covering operations like staff salaries, technology, and law enforcement. It attaches policy conditions, including bans on political/religious targeting by the IRS, blocking a central bank digital currency, limiting a free public tax-filing system, and restricting certain Cuba and Iran financial transactions.
Who does it affect?
It affects the IRS, U.S. Mint, Financial Crimes Enforcement Network, Bureau of the Fiscal Service, White House offices, and federal courts. Taxpayers, financial institutions, tribal and low-income communities, and federal employees are directly affected.
Why does it matter?
The funding and restrictions shape how the IRS handles taxpayer interactions, how financial crimes and drug enforcement are pursued, and what technology or currency projects Treasury may pursue. Congressional reporting requirements increase oversight of specific programs and spending decisions.
What does it cost, and who pays?
The bill sets specific dollar amounts for agencies including the IRS, U.S. Mint, Financial Crimes Enforcement Network, and Bureau of the Fiscal Service, though the summary does not specify exact figures.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Reported in House” text of Apr 24, 2026.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedApr 24, 2026
- House committee
- House voteYou are here · Apr 24, 2026
- Senate
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Placed on the Union Calendar, Calendar No. 540.