Protect Local Funding Act

Key Points

• This bill stops a new rule proposed by the Office of Management and Budget from becoming law. The rule is called the Regulation for Federal Financial Assistance. It was first introduced in May 2026.
• The bill would prevent any federal agency from finishing or using this specific rule or any other rule that is very similar to it. This means the current way the government gives out money would stay the same.
• The lawmakers who wrote this bill want to protect how local governments and groups receive federal funding. They are worried that the new rule might change how grants and other financial help are managed or handed out.
• If passed, this law would take effect immediately to block the rule before it can be finished. It specifically targets a regulation that was published in the official government record on May 29, 2026.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.