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HR 5248 119th Congress House International Affairs Advanced technology and technological innovations Competitiveness, trade promotion, trade deficits Congressional oversight Department of State Diplomacy, foreign officials, Americans abroad Economic development Energy efficiency and conservation Energy research Executive agency funding and structure Federal officials Sanctions Space flight and exploration

PROFIT Act of 2026

Introduced: September 10, 2025 Introduced by: Kim, Young Republican · California See on congress.gov
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 Everywhere this bill has been 12 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 9, 2026
Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Jun 8, 2026 · 5:18 PM EDT
Motion to reconsider laid on the table Agreed to without objection.
Jun 8, 2026 · 5:18 PM EDT
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3970-3974)
Jun 8, 2026 · 5:18 PM EDT
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)
Jun 8, 2026 · 5:17 PM EDT
DEBATE - The House proceeded with forty minutes of debate on H.R. 5248.
Jun 8, 2026 · 5:17 PM EDT
Considered under suspension of the rules. (consideration: CR H3970-3974)
Jun 8, 2026 · 5:17 PM EDT
Mr. Mast moved to suspend the rules and pass the bill, as amended.
Sep 18, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 22.
Sep 18, 2025
Committee Consideration and Mark-up Session Held
Sep 17, 2025
Committee Consideration and Mark-up Session Held
Sep 10, 2025
Referred to the House Committee on Foreign Affairs.
Sep 10, 2025
Introduced in House
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 Plain-English summary Congressional Research Service

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; 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.

What's happening now June 9, 2026

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

 Bill text 3 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 9

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

See all 9 filings →
 Cosponsors 2
All 2 Republican 2
R
McCaul, Michael T.
Texas · Sep 16, 2025
 R
Moylan, James C.
Guam · Sep 16, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5248: PROFIT Act of 2026. 119th Congress. Open America. https://openamerica.io/bill/119-HR-5248/
MLA
"H.R. 5248: PROFIT Act of 2026." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-5248/.
Bluebook (legal)
H.R. 5248, 119th Cong. (2026), https://openamerica.io/bill/119-HR-5248/.
Markdown link
[H.R. 5248: PROFIT Act of 2026](https://openamerica.io/bill/119-HR-5248/)
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