BillHR 7646 · 119

Payback Act

Introduced

Feb 23, 2026

Cosponsors

Traction

Last Action

Feb 23, 2026

Bill Summary

Requires wealthy individuals to pay back tax breaks they received from previous laws if their income exceeds a certain threshold. Funds generated from this payback will be used for social programs.

Bill Journey

Feb 23, 2026
Feb 23, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects high-income individuals who have benefited from past tax breaks, requiring them to repay a portion of those breaks. It also impacts recipients of social programs that will be funded by the repaid tax breaks.

Impact Areas

Sample

Addresses Supply

Targets an underlying shortage driving costs.

Supports Families

Aimed at easing pressure on working households.

Long-term Impact

Effects compound across multiple budget cycles.

Expands Access

Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party

Democratic1

Cross-party cosponsors0 · 0%

Documents

Full Bill Text
H.R. 7646 · congress.gov

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeHouse Bill · Federal

Primary TopicMoney & Economy

CommitteeCommittee on Ways and Means

IntroducedFeb 23, 2026

Last UpdatedFeb 23, 2026

Latest ActionReferred to the House Committee on Ways and Means.

Subjects

Economy

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.