New Bill: Senator Jim Banks introduces S. 3992: Joint Medical Facilities Fund Act of 2026 - Quiver Quantitative

We have received text from S. 3992: Joint Medical Facilities Fund Act of 2026. This bill was received on 2026-03-04, and currently has 2 cosponsors. Here is a short summary of the bill: This bill, called the Joint Medical Facilities Fund Act of 2026, aims to establish a funding mechanism to support the joint operations of medical facilities shared by the Department of Defense (DoD) and the Department of Veterans Affairs (VA). Key Provisions Establishment of a Fund The bill creates a new fund, referred to as the Joint Medical Facility Fund, that will be managed by the Department of Veterans Affairs. This fund is intended to enable the joint funding of certain medical facilities used by both the DoD and the VA. Purpose of the Fund The primary purpose of the Fund is to facilitate joint funding for **designated combined Federal medical facilities** that are operated by both the DoD and the VA. This collaboration aims to enhance the delivery of health care services to military personnel and veterans. Funding Sources Money can be added to the Fund from various sources, including: Transfers from the Secretary of Defense, using funds already allocated for the DoD. Transfers from the Secretary of Veterans Affairs, utilizing funds designated for the VA. Medical care collections resulting from health care services provided at these combined facilities. Usage of Fund The funds collected will be used for the following purposes: Operational costs of the combined medical facilities. Capital equipment for enhancing the medical services offered. Maintenance of real property used by these facilities. Minor construction projects that do not require specific authorization under other laws. Administration and Oversight The Fund will be administered by an executive agreement between the Secretary of Defense and the Secretary of Veterans Affairs. This agreement will ensure that the funding methodology used is regularly reviewed and remains aligned with the operational requirements of both departments. Reporting Requirements The bill mandates that within 180 days of its enactment, both the Secretary of Defense and the Secretary of Veterans Affairs must submit a report to various congressional committees. This report should identify which medical facilities are appropriate to be designated as combined Federal medical facilities. Repeal of Previous Law Additionally, the bill repeals a previous provision regarding funding for military medical facilities, indicating a shift toward this new Joint Medical Facility Fund approach. Relevant Companies LMT (Lockheed Martin Corporation) - As a major defense contractor, Lockheed Martin could be indirectly affected if the DoD allocates more resources for joint medical facility projects, leading to an increased need for equipment and services. BA (The Boeing Company) - Similar to Lockheed Martin, Boeing may see changes in contracts related to defense and healthcare integration if joint facilities require additional support or aerospace-related medical innovations. HCA (HCA Healthcare) - HCA Healthcare, as a private healthcare provider, may have opportunities to enter partnerships or contracts with the DoD and VA in the management or operation of the designated medical facilities. Senator Jim Banks Bill Proposals Here are some bills which have recently been proposed by Senator Jim Banks: S.4061 : A bill to amend the Elementary and Secondary Education Act of 1965 to require local educational agencies to include mental health and suicide prevention information on student identification cards, and for other purposes. S.4043 : A bill to amend title 38, United States Code, to make permanent the authority of the Secretary of Veterans Affairs to provide treatment and rehabilitation for seriously mentally ill and homeless veterans, and for other purposes. S.3992 : Joint Medical Facilities Fund Act of 2026 S.3917 : The Dalilah Law S.3794 : SAFE Drugs Act of 2026 S.3610 : No Funding for Foreign Agents Act You can track bills proposed by Senator Jim Banks on Quiver Quantitative's politician page for Banks . Senator Jim Banks Net Worth Quiver Quantitative estimates that Senator Jim Banks is worth $3.4M , as of March 19th, 2026. This is the 206th highest net worth in Congress, per our live estimates. Banks has approximately $82.0K invested in publicly traded assets which Quiver is able to track live. You can track Senator Jim Banks's net worth on Quiver Quantitative's politician page for Banks . Senator Jim Banks Stock Trading We have data on up to $995.0K of trades from Senator Jim Banks, which we parsed from STOCK Act filings. Some of the largest trades include: A November 2nd, 2021 purchase of up to $50K of $RBLX . The stock has fallen 26.79% since then. A November 12th, 2021 purchase of up to $50K of $PTON . The stock has fallen 91.77% since then. A July 29th, 2020 sale of up to $15K of $SBUX . The stock has risen 19.68% since then. A September 1st, 2020 purchase of up to $15K of $PASO . A August 30th, 2021 purchase of up to $15K of $F . The stock has fallen 9.66% since then. You can track Senator Jim Banks's stock trading on Quiver Quantitative's politician page for Banks . 2030 Indiana US Senate Election There has been approximately $11,500,527 of spending in Indiana US Senate elections over the last two years, per our estimates. Approximately $1,083,595 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include: AMERICAN LEADERSHIP PAC ($824,920) HOOSIER HONOR ($223,620) PROTECT FREEDOM POLITICAL ACTION COMMITTEE ($29,282) CLUB FOR GROWTH PAC ($3,625) INDIANA REPUBLICAN STATE COMMITTEE, INC. ($2,147) You can track this election on our matchup page for the 2030 Indiana US Senate election . This article is not financial advice. See Quiver Quantitative's disclaimers for more information.