The record

LegislationLegislation· Jun 2026
HR 5248 Passed House — in Senate

Sponsored by Young Kim (R)

PROFIT Act of 2026

Restructures the State Department's economic affairs office into four bureaus and two offices.

Tradeoff

Creates new economic, energy, and sanctions leadership positions at State, reporting through a new Under Secretary for Economic Growth, Energy, and the Environment. No or revenue changes are specified in the bill.

What's in it

See official bill text

Passed the House by on June 8, 2026 — sitting in the Senate.

  1. House

    Introduced

    (Sep 10, 2025)

  2. House

    Committee on Foreign Affairs(Sep 10, 2025)

  3. House

    The committee voted to send it to the floor

    Reported 28 - 22(Sep 18, 2025)

  4. House

    Passage of the bill

    Passed by (Jun 8, 2026)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Foreign Relations(Jun 9, 2026)