Bills · HR 5248
PASSED HOUSE· 119TH CONGRESS
House BillHR 5248Energy researchSanctions
PROFIT Act of 2026
INTRO SEP 10· LAST ACTION JUN 9
READING
27MIN
COSPONSORS
2
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Reported, not passed
LEGISLATIVE PROGRESS
STEP 4 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it redefines how the U.S. government approaches global economics, potentially impacting jobs, prices, and national security. If passed, it means the State Department will put a much stronger emphasis on using economic tools—like trade agreements, investment promotion, and even sanctions—to achieve foreign policy goals and protect American interests. This could lead to more stable supply chains for everyday goods, better access to vital resources, and new opportunities for American businesses abroad, which might translate to economic benefits at home.
If the bill doesn't pass, the current structure where economic affairs are managed under a different umbrella within the State Department would remain, possibly with less centralized focus or strategic alignment with overall foreign policy. The bill argues that economic security is national security; therefore, a dedicated, high-level focus on integrating economic strategy into diplomacy is crucial for the nation's strength and prosperity in a competitive global landscape. It could influence how the U.S. responds to economic challenges from other nations and how it supports American innovation and industries globally.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes an Under Secretary for Economic Affairs within the Department of State.
This creates a dedicated, high-level position to centralize and elevate economic considerations in U.S. foreign policy.
PROVISION 02
Defines broad responsibilities for the Under Secretary, covering economic growth, energy, technology, critical minerals, and sanctions policies.
This ensures a comprehensive approach to integrating economic security with national security goals across various critical sectors.
PROVISION 03
Establishes a Chief Economist position, reporting to the Under Secretary, to provide expert economic analysis and research.
This provides the State Department with dedicated, data-driven economic expertise to inform foreign policy decisions and strategy.
PROVISION 04
Directs the Under Secretary to oversee and administer the International Technology Security and Innovation Fund.
This places a specific, important technology fund under the direct purview of the new economic leadership, ensuring alignment with broader economic security goals.
PROVISION 05
Authorizes funds for the Under Secretary's responsibilities for fiscal years 2026 and 2027.
This ensures the new position has the necessary financial resources to fulfill its mandate effectively.
SPONSORSHIP
1 + 2
R· California
YRS IN OFFICE
5
BILLS LED
55
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 2 IND 0
ACTION TIMELINE
17 EVENTSJUN 9
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
JUN 8
Mr. Mast moved to suspend the rules and pass the bill, as amended.
JUN 8
Considered under suspension of the rules. (consideration: CR H3970-3974)
JUN 8
DEBATE - The House proceeded with forty minutes of debate on H.R. 5248.
BILL INFO
TypeHouse Bill
NumberHR 5248
Congress119th
StatusPassed House
IntroducedSep 10, 2025
Last actionJun 9, 2026
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PASSED HOUSE· 119TH CONGRESS · FOREIGN AFFAIRS COMMITTEE · INTRODUCED SEP 10, 2025
House BillHR 5248Energy researchSanctions
PROFIT Act of 2026
INTRODUCED SEP 10, 2025· LAST ACTION JUN 9, 2026
PASSAGE CHANCES
—%
READING
27 min
COSPONSORS
2
COMPLEXITY
Moderate
