The bill
PROFIT Act of 2026
HR. 5248, 119th Congress — read as touching Oil & Gas.
Sponsored by
Rep. Kim, Young [R-CA-40]
ID: K000397
Follow the money
The bill
HR. 5248, 119th Congress — read as touching Oil & Gas.
The sponsor
Every bill has someone who introduced it. That name is where the paper trail starts.
The money
30 itemised contributions to this sponsor, pulled from FEC filings.
The alignment
This bill's text tracks the "Introduction" section, p. 724-726 of the Mandate for Leadership.
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
📍 Current Status
Next: Both chambers must agree on the same version of the bill.
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!
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.
Rep. Kim, Young [R-CA-40]
Congress 119 • 2024 Election Cycle
No PAC contributions found
No committee contributions found
This bill has 2 cosponsors. Below are their top campaign contributors.
ID: M001157
Top Contributors
10
ID: M001219
Top Contributors
10
Hub layout: Politicians in center, donors arranged by type in rings around them.
Showing 72 nodes and 36 connections (72 secondary connections hidden)
Total contributions: $172,010
Showing top 23 donors by contribution amount
Which industries are materially affected by specific provisions in this bill. 13 helped.
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.
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.
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.
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.
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.
This bill shows semantic similarity to the following sections of the Project 2025 policy document.
— 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:
— 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;
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.