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H.R.5248 / 119th Congress

PROFIT Act of 2026

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Official summary

Version 00 · Introduced in House · Sep 10, 2025

This bill restructures the Department of State's Office of the Under Secretary for Economic Affairs, dividing the office into four bureaus and two offices. (The current structure is here.) The bill also specifies the functions of these organizations and the responsibilities of the organizations' leaders. 

Under the bill, the following organizations fall under the Office of the Under Secretary for Economic Affairs:

the Bureau of Commercial Diplomacy covers trade and investment promotion and policy, international finance and development, and transportation affairs;

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the Bureau of Water, Environment, and Space Affairs covers space, oceans, environmental quality, fisheries, wildlife, wildlife trafficking, and conservation affairs;

the Bureau of Energy Security and Diplomacy formulates and implements international energy, energy technology, critical minerals, and relevant supply chain policies;

the Bureau of Sanctions Policy develops policies governing the imposition of sanctions and sanctions strategies;

the Office of the Chief Economist provides expert economic advice and analysis; and

the Office of Subnational Diplomacy enables the department’s work with state and local governments within the United States to improve the ability of those governments to attract foreign investment, counter foreign malign influence within the United States, and contribute to U.S. foreign policy priorities.

An assistant secretary with specified responsibilities leads each of the four bureaus. The heads of the two offices also have specified responsibilities.

The Office of the Under Secretary for Economic Affairs shall administer and oversee the International Technology Security and Innovation Fund, which provides for technology security and semiconductor supply chain activities.

Read the summary on Congress.gov
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Who introduced it

Rep. Kim, Young [R-CA-40] · R–CA

Committees

  • Foreign Relations Committee
  • Foreign Affairs Committee
2 cosponsorship records, including any withdrawals

Actions

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  1. Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

  2. Motion to reconsider laid on the table Agreed to without objection.

  3. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3970-3974)

  4. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3970-3974)

  5. DEBATE - The House proceeded with forty minutes of debate on H.R. 5248.

  6. Considered under suspension of the rules. (consideration: CR H3970-3974)

  7. Mr. Mast moved to suspend the rules and pass the bill, as amended.

  8. Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 22.

  9. Committee Consideration and Mark-up Session Held

  10. Committee Consideration and Mark-up Session Held

  11. Referred to the House Committee on Foreign Affairs.

  12. Introduced in House

  13. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Jul 13, 2026. Consult Congress.gov for the current record.

Explore the bill from different angles

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Neutral evidence review

Objective

Analyze H.R.5248 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

Examine H.R.5248 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Institutions and government scope

Conservative lens

Examine H.R.5248 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Individual rights and government power

Liberty lens

Examine H.R.5248 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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