The "Neonatal Care Transparency Act of 2026" seeks to enhance transparency for parents concerning medical interventions for premature births. It addresses the issue of varying hospital capacities and policies for resuscitating premature babies, which can lead to situations where expected life-saving treatment is not offered due to a facility's minimum gestational age threshold. The bill underscores the importance of providing parents with clear information to facilitate informed consent and ensure medical excellence in circumstances of extreme prematurity. Specifically, the legislation mandates that hospitals publicly disclose their policies regarding life-saving care for premature infants. This disclosure must detail any minimum gestational age for intervention, whether decisions are made on a case-by-case basis, and the process for transferring infants and mothers to facilities capable of providing such care if the hospital cannot. Additionally, obstetricians and other healthcare practitioners offering obstetric services are required to disclose these hospital policies to patients during their initial prenatal visit. To enforce these provisions, the bill amends the Social Security Act, stipulating that federal Medicaid and Children's Health Insurance Program (CHIP) funding will be withheld from hospitals and obstetric providers that do not meet the new disclosure requirements. This financial consequence is designed to ensure broad compliance with the transparency mandates, becoming effective 180 days after the Act's enactment.