HR 5248 119th Congress
PROFIT Act of 2026
To ensure the alignment of economic and foreign policies, to position the Department of State to reflect that economic security is national security, and for other purposes.
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Bill journey
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Introduction Congress.gov
Introduced
Introduced in the House.
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Referred to the House Committee on Foreign Affairs.
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Introduced in House
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Introduced in House
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Introduced in House
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Committee Consideration and Mark-up Session Held
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Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 22.
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Committee Consideration and Mark-up Session Held
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Engrossed in House
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Mr. Mast moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules. (consideration: CR H3970-3974)
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DEBATE - The House proceeded with forty minutes of debate on H.R. 5248.
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On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3970-3974)
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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)
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
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Referred in Senate
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View the complete bill journey as an accessible table
| Date and time | Record | Official detail | Source |
|---|---|---|---|
| IntroductionIntroduced | Introduced in the House. | Congress.gov | |
| Official actionReferred to the House Committee on Foreign Affairs. | No additional detail supplied.IntroReferral · House floor actions · Code H11100 | Congress.gov | |
| Official actionIntroduced in House | No additional detail supplied.IntroReferral · Library of Congress · Code Intro-H | Congress.gov | |
| Official actionIntroduced in House | No additional detail supplied.IntroReferral · Library of Congress · Code 1000 | Congress.gov | |
| Text versionIntroduced in House | A dated text-version record is available. | Congress.gov | |
| Official actionCommittee Consideration and Mark-up Session Held | No additional detail supplied.Committee · House committee actions · Code H15001 | Congress.gov | |
| Official actionOrdered to be Reported (Amended) by the Yeas and Nays: 28 - 22. | No additional detail supplied.Committee · House committee actions · Code H19000 | Congress.gov | |
| Official actionCommittee Consideration and Mark-up Session Held | No additional detail supplied.Committee · House committee actions · Code H15001 | Congress.gov | |
| Text versionEngrossed in House | A dated text-version record is available. | Congress.gov | |
| Official actionMr. Mast moved to suspend the rules and pass the bill, as amended. | No additional detail supplied.Floor · House floor actions · Code H30300 | Congress.gov | |
| Official actionConsidered under suspension of the rules. (consideration: CR H3970-3974) | No additional detail supplied.Floor · House floor actions · Code H30000 | Congress.gov | |
| Official actionDEBATE - The House proceeded with forty minutes of debate on H.R. 5248. | No additional detail supplied.Floor · House floor actions · Code H8D000 | Congress.gov | |
| Official actionOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3970-3974) | No additional detail supplied.Floor · House floor actions · Code H37300 | Congress.gov | |
| Official actionPassed/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) | No additional detail supplied.Floor · Library of Congress · Code 8000 | Congress.gov | |
| Official actionMotion to reconsider laid on the table Agreed to without objection. | No additional detail supplied.Floor · House floor actions · Code H38310 | Congress.gov | |
| Official actionReceived in the Senate and Read twice and referred to the Committee on Foreign Relations. | No additional detail supplied.IntroReferral · Senate | Congress.gov | |
| Text versionReferred in Senate | A dated text-version record is available. | Congress.gov |
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Congressional Research Service
CRS summary
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;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; andthe 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.
Official documents
Text versions
- Referred in SenateJun 9, 2026
- Engrossed in HouseJun 8, 2026
- Introduced in HouseSep 10, 2025