U.S. Congress legislation · 119th Congress
HB4304: Fair Accounting for Income Realized from Betting Earnings Taxation Act
Status: In committee, February 12, 2026
To amend the Internal Revenue Code of 1986 with respect to wagering losses.
What the bill says
To amend the Internal Revenue Code of 1986 with respect to wagering losses.
From the introduced text, July 7, 2025:
To amend the Internal Revenue Code of 1986 with respect to wagering losses. 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 . SECTION 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 .
Sponsors
- Dina Titus (D, HD-001) · primary sponsor
- Ro Khanna (D)
- Troy Nehls (R, HD-TX-22)
- Steven Horsford (D, HD-004)
- Jeff Van Drew (R, HD-002)
- Mark Amodei (R, HD-002)
- Suzanne Lee (D, HD-NV-3)
- Gil Cisneros (D, HD-CA-31)
- Christopher Deluzio (D, HD-PA-17)
- Darren Soto (D, HD-FL-9)
- Guy Reschenthaler (R, HD-PA-14)
- Andrea Salinas (D)
Latest actions
- : 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 the House Committee on Ways and Means.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB4304?
- HB4304 is a bill in Congress (119th Congress): Fair Accounting for Income Realized from Betting Earnings Taxation Act.
- What does HB4304 do?
- In its own words: To amend the Internal Revenue Code of 1986 with respect to wagering losses.
- What is the status of HB4304?
- In committee as of February 12, 2026. Latest action: 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.) (February 12, 2026).
- Who sponsored HB4304?
- Dina Titus (D, HD-001), with 11 co-sponsors.
- Where is the official record for HB4304?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/4304
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.