Introduced:
Jul 23, 2025
Policy Area:
Taxation
Congress.gov:
Bill Statistics
3
Actions
3
Cosponsors
0
Summaries
1
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
Jul 23, 2025
Referred to the House Committee on Ways and Means.
Actions (3)
Referred to the House Committee on Ways and Means.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
Jul 23, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
Jul 23, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
Jul 23, 2025
Subjects (1)
Taxation
(Policy Area)
Cosponsors (3)
(D-CA)
Oct 17, 2025
Oct 17, 2025
(D-KY)
Oct 6, 2025
Oct 6, 2025
(R-TX)
Aug 1, 2025
Aug 1, 2025
Full Bill Text
Length: 1,470 characters
Version: Introduced in House
Version Date: Jul 23, 2025
Last Updated: Nov 11, 2025 6:04 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4630 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 4630
To amend the Internal Revenue Code of 1986 to restore wagering loss
limitation rules.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 23, 2025
Mr. Barr introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to restore wagering loss
limitation rules.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[H.R. 4630 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 4630
To amend the Internal Revenue Code of 1986 to restore wagering loss
limitation rules.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 23, 2025
Mr. Barr introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to restore wagering loss
limitation rules.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Winnings And Gains Expense
Restoration Act of 2025'' or the ``WAGER Act of 2025''.
SEC. 2.
(a) In General.--
Section 165
(d) (1) of the Internal Revenue Code of
1986 (as amended by the Act entitled ``an Act to provide for
reconciliation pursuant to title II of H.
(d) (1) of the Internal Revenue Code of
1986 (as amended by the Act entitled ``an Act to provide for
reconciliation pursuant to title II of H. Con. Res. 14.'' (119th
Congress)) is amended by striking ``for any taxable year'' and all that
follows through ``shall be allowed'' and inserting ``for any taxable
year shall be allowed''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2025.
<all>
1986 (as amended by the Act entitled ``an Act to provide for
reconciliation pursuant to title II of H. Con. Res. 14.'' (119th
Congress)) is amended by striking ``for any taxable year'' and all that
follows through ``shall be allowed'' and inserting ``for any taxable
year shall be allowed''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2025.
<all>