Producing Returns and Opportunity for Investment and Trade Act of 2026
Rep. Kim Proposes Overhaul to Focus State Department on Economic Security and Trade
PROFIT Act of 2026
This bill is currently in the House Committee on Foreign Affairs. The committee recently voted to approve the bill with changes, so it is actively moving forward. It will now head to the full House of Representatives for further consideration.
Legislative Progress
Major changes to how a government department is organized usually face many delays and require a lot of agreement between different political groups.
Key Points
Impact Analysis
Personal Impact
State Department employees would see a significant reorganization of their leadership structure, with existing bureaus renamed and new offices created. While this does not directly cut or add jobs, it reshuffles reporting lines and could require adjustments in responsibilities, especially for staff in economic, environmental, energy, and sanctions-related roles.
“the individual serving before such date of enactment as the Under Secretary for Economic Growth, Energy and the Environment shall be the Under Secretary for Economic Affairs. Any subsequent appointment of an individual to the position of Under Secretary for Economic Affairs shall be subject to the advice and consent of the Senate.”
Milestones
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3970-3974)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
DEBATE - The House proceeded with forty minutes of debate on H.R. 5248.
Votes
No votes have been recorded for this legislation yet.
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Source Information
Document Type
Congressional Bill
Official Title
PROFIT Act of 2026
Data Sources
Sponsor
Cosponsors
(2)Analysis generated by AI. Always verify with official sources.