Congress faces a compressed window for enacting legislation in 2026, with the House adjourned until after the November midterms and the Senate conducting mostly pro forma sessions. A continuing resolution funds the government through December 11, shifting must-pass items including appropriations, the NDAA, farm bill reauthorization, and permitting reform into the lame-duck period. Senate negotiators reached a bipartisan agreement in late September on the Bipartisan American Affordability and Jobs Act, proposing substantial NEPA and environmental permitting changes, though the measure requires 60 votes to advance and faces ongoing administration input. The Senate recently passed the 21st Century ROAD to Housing Act on an 85-5 vote to ease federal housing regulations, sending it to the House for expected approval. Trader-implied probabilities on specific bills reflect these procedural hurdles, partisan dynamics, and the limited remaining calendar.