The bill was reported by the House Committee on Appropriations on April 24, 2026, and placed on the Union Calendar, meaning it is ready for consideration by the full House. The next step would be floor debate and a vote in the House. After House passage, it would go to the Senate for consideration. The bill must pass both chambers and be signed by the President to become law. As an appropriations bill, it is essential legislation needed to fund the Treasury Department and Executive Office operations.
Summary
This bill allocates $13.5 billion in federal spending to the Department of the Treasury and Executive Office of the President for fiscal year 2027. It funds core Treasury operations including tax collection, financial crimes enforcement, and currency production, while also providing resources for White House operations and federal drug control programs.
Key Provisions
Appropriates $3.04 billion for IRS taxpayer assistance, including pre-filing help, filing services, and tax counseling for elderly and low-income taxpayers.
Allocates $3.6 billion for IRS enforcement activities, including tax collection, legal support, criminal investigations, and investigative technology for the Criminal Investigation Division.
Provides $185.2 million for the Financial Crimes Enforcement Network to combat money laundering, terrorist financing, and other financial crimes.
Funds the office with $237.7 million to combat rogue nations, terrorism financers, weapons proliferators, and human rights abusers, including $500,000 for AI and machine learning technology.
Appropriates $276.6 million to support community development financial institutions that serve low-income and underserved areas, Native American communities, and persistent poverty counties.
Requires the IRS to submit quarterly reports to Congress detailing major IT investments, costs, schedules, deliverables, and risks.
Prohibits Treasury Department from using appropriated funds to develop, study, design, or build a U.S. central bank digital currency.
Prohibits Treasury and the Bureau of Engraving and Printing from using appropriated funds to redesign the $1 Federal Reserve note.
Prohibits the IRS from using appropriated funds to target citizens for exercising First Amendment rights or to target groups based on ideological beliefs.
Requires Treasury to report on the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile's impact on the Treasury Forfeiture Fund.
Establishes procedures for the White House to require advance payment for reimbursable events and maintain a tracking system for event expenses.
Allocates $299.6 million for state and local drug control activities in designated high-intensity drug trafficking areas, with at least 51 percent transferred to state and local entities.
Background
Annual appropriations bills are required to fund federal agencies and departments. This bill specifically addresses the financial needs of the Treasury Department, which administers federal taxes, manages the national debt, and enforces financial regulations, as well as the Executive Office of the President and related offices that support presidential operations and policy development.
Analysis
This appropriations bill affects multiple constituencies. The IRS funding directly impacts taxpayers through service levels and enforcement activity. Treasury Department funding affects financial institutions subject to sanctions and anti-money laundering regulations, as well as foreign nationals targeted by financial sanctions. Community development funding helps low-income communities and small businesses. The restrictions on CBDC development and First Amendment protections affect Treasury's regulatory reach. The drug trafficking areas funding affects state and local law enforcement and communities dealing with drug trafficking. Federal employees funded by the bill are also affected by the appropriations levels. The bill's restrictions on IRS activities, particularly those targeting political speech and ideology, reflect ongoing partisan debates about tax administration.
Legislative Journey
H.R. 8495 was introduced on April 24, 2026, as an original measure from the House Committee on Appropriations. The Committee reported the bill the same day, producing House Report 119-623. Representative David Joyce of Ohio is the bill's sponsor. The bill was immediately placed on the Union Calendar, which is the standard procedure for appropriations bills reported by the Appropriations Committee. This calendar placement means the bill is ready for scheduling for floor debate in the House. No amendments or votes on the bill itself are recorded yet; it remains in the early stages of the legislative process.
Placed on the Union Calendar, Calendar No. 540.
HouseThe House Committee on Appropriations reported an original measure, H. Rept. 119-623, by Mr. Joyce (OH).
House