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119-hr-5248119th Congress

PROFIT Act of 2026

Sponsored By: Representative Kim, Young [R-CA-40]

Passed House

Summary

Elevates economic and energy diplomacy within the State Department. The PROFIT Act reorganizes leadership, creates new bureaus and offices, and adds reporting and hiring tools so economic, energy, environmental, science and space issues are central to U.S. foreign policy.

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  • U.S. businesses and exporters gain a dedicated Under Secretary for Economic Growth, Energy, and the Environment plus an Assistant Secretary for Economic and Business Affairs to push trade promotion, market access, foreign contracts, and attract foreign direct investment.
  • Energy, critical minerals, and space policy get new senior leadership with an Assistant Secretary for Energy Security and Diplomacy and a Bureau of Energy Security and Diplomacy to coordinate supply chains and energy strategy. That Assistant Secretary must file an initial report within 1 year and annual reports for 3 years on international energy strategy.
  • Sanctions, local governments, and economic analysis are centralized. The bill creates an Assistant Secretary and Bureau of Sanctions Policy, an Office of Subnational Diplomacy, and an Office of the Chief Economist that must deliver a mandatory biennial international economic strategy report. Senior civil service office directors phase in over 5 years and Direct Hire Authority for other positions terminates after 4 years.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

New State leader for trade and energy

This bill would create a new Under Secretary at the State Department to make trade, energy, technology, and sanctions central to diplomacy. It would set up bureaus for energy security, sanctions, and water/environment/space, plus an Office of the Chief Economist (a chief economist, 6–12 civil‑service staff, one Foreign Service officer, and detailees). The Chief Economist would send a U.S. international economic strategy to Congress within 1 year and then every 2 years for four years; the Energy bureau would report within 1 year and then yearly for three years. Most director jobs under this Under Secretary would shift to civil service over 5 years, with limited Foreign Service slots; the Under Secretary could use direct‑hire authority for up to 4 years (except in the Chief Economist’s office). Oversight of the International Technology Security and Innovation Fund would move under this Under Secretary. The Secretary would also deliver a workforce plan to Congress within 180 days.

Energy experts in U.S. embassies

This bill would let the Energy Department assign its staff or national‑lab experts to U.S. embassies as energy advisors. They would give technical help on energy issues to support U.S. diplomacy and projects abroad. This change would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Kim, Young [R-CA-40]

CA • R

Cosponsors

  • Rep. McCaul, Michael T. [R-TX-10]

    TX • R

    Sponsored 9/16/2025

  • Del. Moylan, James C. [R-GU-At Large]

    GU • R

    Sponsored 9/16/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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