HR. 5248In Committee
PROFIT Act of 2026
Restructures the State Department's Office of the Under Secretary for Economic Affairs into four bureaus and two offices with defined economic, sanctions, energy, environmental, and subnational diplomacy roles
Plain-English overview
What this bill does
Restructures the State Department's Office of the Under Secretary for Economic Affairs into four bureaus and two offices with defined economic, sanctions, energy, environmental, and subnational diplomacy roles
Key points
- Establish four bureaus and two offices
- Authorize oversight of technology security fund
- Define leadership responsibilities
Current status
Where it stands
Status
In Committee
Latest action
2026-06-09 — Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Related context
Topics and policy areas
undefinedAdvanced technology and technological innovationsCompetitiveness, trade promotion, trade deficitsCongressional oversightDepartment of StateDiplomacy, foreign officials, Americans abroadEconomic developmentEnergy efficiency and conservation