H.R. 7071

119 HR 7071 IH: Healthcare Reinvestment Act
 U.S. House of Representatives
 2026-01-14
 text/xml
 EN
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 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Healthcare reinvestment of rescinded funds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Sections 100052, 100053, 100054, and 100055 of  Public Law 119–21  are repealed, and all provisions of law classified to title 6 or 8 of the Untied States Code shall be applied as if such sections had not been enacted.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The amounts appropriated under sections 100052, 100053, 100054, and 100055 of  Public Law 119–21  are hereby rescinded.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Amounts rescinded under subsection (b) shall be transferred and made available, without fiscal year limitation, to the Secretary of the Treasury to extend the application of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).