PROFIT Act of 2026

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Bill ID: 119/hr/5248
Last Updated: July 12, 2026

Sponsored by

Rep. Kim, Young [R-CA-40]

ID: K000397

Follow the money

The bill

PROFIT Act of 2026

HR. 5248, 119th Congress — read as touching Oil & Gas.

The sponsor

Rep. Kim, Young [R-CA-40]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$110,460 raised

30 itemised contributions to this sponsor, pulled from FEC filings.

The alignment

62% match to Project 2025

This bill's text tracks the "Introduction" section, p. 724-726 of the Mandate for Leadership.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

June 8, 2026

Introduced

Committee Review

Floor Action

Passed House

Senate Review

📍 Current Status

Next: Both chambers must agree on the same version of the bill.

🎉

Passed Congress

🖊️

Presidential Action

⚖️

Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

Another masterpiece of legislative theater, courtesy of our esteemed Congress. The PROFIT Act of 2026 - because who doesn't love a good acronym? Let's dissect this farce and uncover the real disease beneath the symptoms.

**Main Purpose & Objectives:** The bill claims to "ensure the alignment of economic and foreign policies" and position the Department of State as a champion of economic security. How quaint. In reality, it's a thinly veiled attempt to further entrench corporate interests in our foreign policy, because what could possibly go wrong with that? The main objective is to create a new Under Secretary of State for Economic Growth, Energy, and the Environment - a title that screams "lobbyist's dream come true."

**Key Provisions & Changes to Existing Law:** The bill establishes this new Under Secretary position, which will be responsible for promoting US economic interests abroad, because we all know how well that's worked out in the past. It also amends existing law to insert more bureaucratic layers and create new opportunities for cronyism. Because what our government really needs is more complexity and less transparency.

**Affected Parties & Stakeholders:** The usual suspects: corporate lobbyists, special interest groups, and politicians looking to pad their resumes with "bipartisan" achievements. Oh, and let's not forget the poor souls at the Department of State who will have to deal with this new layer of bureaucratic red tape.

**Potential Impact & Implications:** This bill is a symptom of a deeper disease - the corrupting influence of money in politics. It's a Trojan horse for corporate interests to further infiltrate our foreign policy, under the guise of "economic security." The potential impact? More of the same: increased inequality, environmental degradation, and a continued erosion of our national sovereignty. But hey, at least the lobbyists will be happy.

In conclusion, the PROFIT Act of 2026 is a masterclass in legislative doublespeak, designed to further enrich the already wealthy and powerful. It's a disease masquerading as a cure, and we're all just pawns in their game of corruption and greed. Now, if you'll excuse me, I have better things to do than watch our politicians pretend to care about the American people.

Related Topics

Foreign Aid & Diplomacy
Generated using Llama 3.1 70B (Dr. Haus personality)

💰 Campaign Finance Network

Rep. Kim, Young [R-CA-40]

Congress 119 • 2024 Election Cycle

Total Contributions
$110,460
23 donors
PACs
$0
Organizations
$37,860
Committees
$0
Individuals
$72,600

No PAC contributions found

1
PECHANGA BAND OF LUISENO INDIANS
2 transactions
$6,600
2
HABEMATOLEL POMO OF UPPER LAKE
1 transaction
$3,300
3
OTOE MISSOURIA TRIBE OF OKLAHOMA
1 transaction
$3,300
4
TURTLE MOUNTAIN BAND OF CHIPPEWA OF NORTH DAKOTA
1 transaction
$3,300
5
AGUA CALIENTE BAND OF CAHUILLA INDIANS
1 transaction
$3,300
6
SAN MANUEL BAND OF MISSION INDIANS
2 transactions
$3,300
7
AT&T INC & ITS AFFLIATES
1 transaction
$3,000
8
SANTA YNEZ BAND OF MISSION INDIANS
2 transactions
$3,000
9
ABBVIE PAC - FEDERAL PAC
1 transaction
$2,500
10
ISE-SHIMA
1 transaction
$1,760
11
BARONA BAND OF MISSION INDIANS
1 transaction
$1,500
12
MORONGO BAND OF MISSION INDIANS
1 transaction
$1,000
13
PIONEER PHARMACY
2 transactions
$1,000
14
JACKSON FAMILY TRUST
1 transaction
$500
15
LAW OFFICES OF PETER CHEN
1 transaction
$500

No committee contributions found

1
DRESNER, LINDA
2 transactions
$13,200
2
LEVY, EDWARD
2 transactions
$13,200
3
SILVERMAN, JEFFREY
2 transactions
$13,200
4
AMBROSE, JOAN
1 transaction
$6,600
5
WEEKLEY, RICHARD
1 transaction
$6,600
6
REGIABA, ADAM
1 transaction
$6,600
7
VANDER SLOOT, FRANK
1 transaction
$6,600
8
VANDER SLOOT, BELINDA
1 transaction
$6,600

Cosponsors & Their Campaign Finance

This bill has 2 cosponsors. Below are their top campaign contributors.

Rep. McCaul, Michael T. [R-TX-10]

ID: M001157

Top Contributors

10

1
SOUTH SPUR LP
OrganizationHOUSTON, TX
$3,300
Jan 31, 2024
2
TRACEY FOX KING & WALTERS
OrganizationHOUSTON, TX
$1,000
Feb 17, 2023
3
CHILDS, JOHN W.
JW CHILDS ASSOCIATESOWNER
IndividualVERO BEACH, FL
$50,000
Dec 12, 2023
4
LANIER, BECKY MRS.
LANIER LAW FIRMATTORNEY
IndividualHOUSTON, TX
$50,000
Mar 4, 2024
5
LANIER, MARK W.
LANIER LAW FIRMATTORNEY
IndividualHOUSTON, TX
$50,000
Mar 4, 2024
6
CHILDS, JOHN W
IndividualVERO BEACH, FL
$38,400
Mar 15, 2024
7
CHILDS, JOHN W.
JW CHILDS ASSOCIATESOWNER
IndividualVERO BEACH, FL
$38,400
May 7, 2024
8
CHILDS, JOHN W
IndividualVERO BEACH, FL
$33,400
Nov 14, 2024
9
CARLTON, C. CRAIG MR.
C.C. CARLTON INDUSTRIESOWNER
IndividualAUSTIN, TX
$25,000
Feb 13, 2024
10
LUROS, HILARY
RETIREDRETIRED
IndividualSUGAR LAND, TX
$25,000
Feb 27, 2024

Del. Moylan, James C. [R-GU-At Large]

ID: M001219

Top Contributors

10

1
EYE OF THE TIGER PAC
PACARLINGTON, VA
$5,000
Sep 20, 2024
2
JOHNSON FOR LOUISIANA
CCMMETARIE, LA
$2,000
Oct 18, 2024
3
ROBERT J. TORRES TRUST
OrganizationTAMUNING, GU
$250
Feb 19, 2024
4
MOYLAN, JUDITH A.
MOYLAN'S INSURANCEPRESIDENT
IndividualBARRIGADA HEIGHTS, GU
$3,300
Oct 21, 2024
5
ANDERSON, KIM FELL
SECURITY TITLEVICE PRESIDENT
IndividualTAMUNING, GU
$3,300
Sep 20, 2024
6
HABECK, TERRY W
AVIATION CONCEPTS INC.CEO
IndividualBARRIGADA, GU
$3,300
Aug 20, 2024
7
YSRAEL, MICHAEL
YTANO TA PARTNERSCEO
IndividualTUMON, GU
$3,300
Aug 20, 2024
8
YSRAEL, THERESA
Y TANO TA PARTNERSVICE PRESIDENT
IndividualTAMUNING, GU
$3,300
Aug 20, 2024
9
FLORES, PHILIP J.
BANK PACIFICPRESIDENT
IndividualHAGATNA, GU
$3,000
Jun 13, 2024
10
SGRO, ANTHONY P
PARADISE FITNESSPRESIDENT
IndividualHAGATNA, GU
$3,000
Jun 20, 2024

Donor Network - Rep. Kim, Young [R-CA-40]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

Loading...

Showing 72 nodes and 36 connections (72 secondary connections hidden)

Total contributions: $172,010

Top Donors - Rep. Kim, Young [R-CA-40]

Showing top 23 donors by contribution amount

15 Orgs8 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 13 helped.

  • +Oil & Gasconfidence 0.90

    Sec. 9 creates an Assistant Secretary for Energy Security and Diplomacy responsible for promoting United States energy exports and energy security, which benefits oil and gas producers.

  • +Renewable Energyconfidence 0.80

    Sec. 9 includes promoting international policies around new and emerging technologies and supporting United States energy exports, which can benefit renewable energy technologies.

  • Sec. 9's responsibilities include promoting United States energy exports and energy security, which directly benefits midstream operators and energy infrastructure.

  • Sec. 4 amends the CHIPS Act to have the International Technology Security and Innovation Fund overseen by the Under Secretary for Economic Growth, Energy, and the Environment, benefiting semiconductor industry.

  • +Nuclear Powerconfidence 0.70

    Sec. 9's focus on energy security and diplomacy, including critical minerals and supply chains, could support nuclear power as part of energy technology advancement.

  • +Electric Utilitiesconfidence 0.70

    Sec. 9's promotion of energy exports and energy security may benefit electric utilities involved in energy production and grid infrastructure.

+ 7 more industries not shown.

Who funds the sponsor on these industries

For each industry this bill affects, here's what the sponsor (Rep. Kim, Young [R-CA-40])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.

Industries this bill HELPS

Project 2025 Policy Matches

This bill shows semantic similarity to the following sections of the Project 2025 policy document.

Introduction

Moderate61.7%
Pages: 724-726

— 691 — 22 DEPARTMENT OF THE TREASURY William L. Walton, Stephen Moore, and David R. Burton INTRODUCTION The U.S. Treasury Department has a broad regulatory and policy reach. The next Administration should make major policy changes to: (1) reduce regulatory impediments to economic growth that reduce living standards and endanger pros- perity; (2) reduce regulatory compliance costs that increase prices and cost jobs; (3) promote fiscal responsibility; (4) promote the international competitiveness of U.S. businesses; and (5) better respect the American people’s due process and privacy rights. These goals should be accomplished through: executive action (primar- ily treasury orders and treasury directives) and departmental reorganization; rulemakings; promoting constructive policies in Congress; actions in international organizations; and treaties. The primary subject matter focus of the incoming Administration’s Treasury Department should be: l Tax policy and tax administration; l Fiscal responsibility; l Improved financial regulation; l Addressing the economic and financial aspects of the geopolitical threat posed by China and other hostile countries; — 692 — Mandate for Leadership: The Conservative Promise l Reform of the anti-money laundering and beneficial ownership reporting systems; l Reversal of the racist “equity” agenda of the Biden Administration; and l Reversal of the economically destructive and ineffective climate-related financial-risk agenda of the Biden Administration. BIDEN ADMINISTRATION TREASURY DEPARTMENT The Biden Administration Treasury Department has failed badly in achieving every one of the agency’s core objectives. The financial affairs of the nation have seldom been in worse condition, with the national debt expanding by more than $4 trillion in Biden’s first two years in office. No President in modern times—perhaps ever—has been more fiscally reckless than has the Biden Administration. The soundness and stability of U.S. currency, the dollar, has been put at risk because of the worst inflation in four decades. American families have been made poorer by Biden’s economic strategy of taxing, spending, borrowing, regulating, and printing money. The average family has seen real annual earn- ings fall about $6,000 during the Biden Administration.1 In 2022, the average American’s 401(k) plan dropped in value from $130,700 to $103,900—more than 20 percent.2 Why has the Biden Administration failed to achieve virtually all components of its mission? Under the leadership of Treasury Secretary Janet Yellen, the depart- ment has made “equity” and “climate change” among its top five priorities. The next Administration must act decisively to curtail activities that fall outside Trea- sury’s mandate and primary mission. Treasury must refocus on its core missions of promoting economic growth, prosperity, and economic stability. For a clear statement of Treasury’s mission drift, one need look no further than Secretary Yellen’s introduction in the Treasury Department’s Fiscal Year 2022–2026 Strategic Plan: We will have to address the structural problems that have plagued our economy for decades: the decline in labor force participation, income and racial inequality, and serious underinvestment in crucial public goods like childcare, education, and physical infrastructure. And then there are rising challenges, like climate change, which, left unchecked, will undermine every aspect of our economy from supply chains to the financial system.3 Treasury’s mission drift into a “woke” agenda, is exemplified in a comparison of Domestic Finance’s changed responsibilities from 2015 to 2023:

Introduction

Moderate60.6%
Pages: 724-726

— 691 — 22 DEPARTMENT OF THE TREASURY William L. Walton, Stephen Moore, and David R. Burton INTRODUCTION The U.S. Treasury Department has a broad regulatory and policy reach. The next Administration should make major policy changes to: (1) reduce regulatory impediments to economic growth that reduce living standards and endanger pros- perity; (2) reduce regulatory compliance costs that increase prices and cost jobs; (3) promote fiscal responsibility; (4) promote the international competitiveness of U.S. businesses; and (5) better respect the American people’s due process and privacy rights. These goals should be accomplished through: executive action (primar- ily treasury orders and treasury directives) and departmental reorganization; rulemakings; promoting constructive policies in Congress; actions in international organizations; and treaties. The primary subject matter focus of the incoming Administration’s Treasury Department should be: l Tax policy and tax administration; l Fiscal responsibility; l Improved financial regulation; l Addressing the economic and financial aspects of the geopolitical threat posed by China and other hostile countries;

About These Correlations

Policy matches are calculated using semantic similarity between bill summaries and Project 2025 policy text. A score of 60% or higher indicates meaningful thematic overlap. This does not imply direct causation or intent, but highlights areas where legislation aligns with Project 2025 policy objectives.

Full Policy Text

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