Healthcare Reinvestment Act

119 HR 7071 IH: Healthcare Reinvestment Act U.S. House of Representatives 2026-01-14 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 2d Session H. R. 7071 IN THE HOUSE OF REPRESENTATIVES January 14, 2026 Mr. Moulton (for himself, Mr. Carson , Mr. Soto , and Ms. Garcia of Texas ) introduced the following bill; which was referred to the Committee on Ways and Means , and in addition to the Committees on the Judiciary , and Homeland Security , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To repeal certain funding increases provided under the One Big Beautiful Bill Act to Immigrations and Custom Enforcement, and to reallocate those funds to extend certain healthcare tax credits. 1. Short title This Act may be cited as the Healthcare Reinvestment Act . 2. Healthcare reinvestment of rescinded funds (a) Repeal Sections 100052, 100053, 100054, and 100055 of Public Law 119–21 are repealed, and all provisions of law classified to title 6 or 8 of the Untied States Code shall be applied as if such sections had not been enacted. (b) Rescission The amounts appropriated under sections 100052, 100053, 100054, and 100055 of Public Law 119–21 are hereby rescinded. (c) Reallocation Amounts rescinded under subsection (b) shall be transferred and made available, without fiscal year limitation, to the Secretary of the Treasury to extend the application of subsections (b)(3)(A)(iii) and (c)(1)(E) of section 36B of the Internal Revenue Code of 1986. 3. Public transparency and accountability (a) Annual report The Secretary of the Treasury shall make publicly available an annual written report on the use of funds made available under section 2(c), including the number of individuals who retained eligibility for tax credits under section 36B of the Internal Revenue Code of 1986. (b) Inspector General oversight The Treasury Inspector General for Tax Administration shall conduct annual audits of the use of funds made available under section 2(c).