Healthcare Reinvestment Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7071 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 7071

    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.


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                    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

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                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Healthcare Reinvestment Act''.

SEC. 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 HEALTHCARE REINVESTMENT OF RESCINDED FUNDS.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Law 119-21 are repealed, and all provisions of law classified to title 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100053, 100054, and 100055 of Public Law 119-21 are hereby rescinded.
    (c) Reallocation.--Amounts rescinded under subsection (b) shall be 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.

SEC. 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).
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