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HR 4304
Introduced Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.

Fair Accounting for Income Realized from Betting Earnings Taxation Act

To amend the Internal Revenue Code of 1986 with respect to wagering losses.

Introduced Jul 7, 2025

Latest action (Feb 12, 2026) Motion to Discharge Committee filed by Ms. Titus. Petition No: 119-16. (<a href="https://clerk.house.gov/DischargePetition/2026021216">Discharge petition</a> text with signatures.)

Referred to
Ways and Means Committee
Policy area
Taxation
Issues
Economy & Taxes

Summary
  • Amends Section 165(d) of the Internal Revenue Code to expand the deductibility of wagering losses
  • Changes the limitation on deducting wagering losses from 90 percent to 100 percent of losses
  • Allows taxpayers to deduct all gambling and betting losses against gambling and betting gains instead of the current 90 percent limitation

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
25 cosponsors

Money behind the sponsor

Top reported contributors to Dina Titus’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • Employer not reported $42,666
  • EO SOLUTIONS $19,800
  • ROCKY RESEARCH $13,200
  • UNLV $11,275
  • MASS GENERAL HOSPITAL $6,600

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Dina Titus → · Outside spending →

Actions (3)
  1. Feb 12, 2026 Motion to Discharge Committee filed by Ms. Titus. Petition No: 119-16. (<a href="https://clerk.house.gov/DischargePetition/2026021216">Discharge petition</a> text with signatures.) · house
  2. Jul 7, 2025 Referred to the House Committee on Ways and Means. · house
  3. Jul 7, 2025 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 6985 — Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act · Introduced Jan 8, 2026 · Cong. 119 79%
  • HR 4630 — WAGER Act of 2025 · Introduced Jul 23, 2025 · Cong. 119 70%
  • S 2773 — WAGER Act · Introduced Sep 11, 2025 · Cong. 119 69%
  • S 2230 — Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act · Introduced Jul 9, 2025 · Cong. 119 59%
  • S 1286 — Tax Fairness for Workers Act · Introduced Apr 3, 2025 · Cong. 119 58%
  • HR 6999 — Tax Relief for Fraud Victims Act · Introduced Jan 9, 2026 · Cong. 119 58%

Text versions (1)
  • Introduced in House · Jul 7, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

July 7, 2025

Ms. Titus (for herself and Mr. Khanna) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 with respect to wagering losses.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Fair Accounting for Income Realized from Betting Earnings Taxation Act or ‘FAIR Bet Act”’.

SEC. 2. AMENDMENT TO WAGERING LOSS PROVISION.

Section 165(d) of the Internal Revenue Code of 1986, as amended, is amended—

(1) by striking “90 percent” and inserting “100 percent”. <all>

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