U.S. Congress legislation · 119th Congress
HB9500: Tax Relief for Fraud Victims Act
Status: Passed one chamber, September 16, 2026
To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses and to provide for increased taxpayer relief with respect to theft losses involving fraud, deceit, or misrepresentation.
What the bill says
An act To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses and to provide for increased taxpayer relief with respect to theft losses involving fraud, deceit, or misrepresentation.
From the introduced text, September 16, 2026:
AN ACT To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses and to provide for increased taxpayer relief with respect to theft losses involving fraud, deceit, or misrepresentation. SECTION 1. Short title This Act may be cited as the Tax Relief for Fraud Victims Act . SECTION 2. Repeal of limitation on deductions for personal casualty losses; increased taxpayer relief with respect to certain theft losses (a) Repeal of limitation on deductions for personal casualty losses Section 165(h) of the Internal Revenue Code of 1986 is amended by striking paragraph (5). (b) Certain theft losses sustained during taxable year of choice; extension of period of limitation for credit or refund claims for certain theft losses (1) Certain theft losses sustained during taxable year of choice Section 165(e) of such Code is amended to read as follows: (e) Theft losses For purposes of subsection (a)-- (1) In general Except as provided in paragraph (2), any loss arising from theft shall be treated as sustained during the taxable year in which the taxpayer discovers such loss. (2) Theft losses involving fraud, deceit, or misrepresentation In the case of any loss arising from theft involving fraud, deceit, or misrepresentation (as defined by the Secretary), the taxpayer may elect to treat such loss as sustained …
Sponsors
- Max Miller (R, HD-OH-7) · primary sponsor
- Thomas Suozzi (D, HD-003)
- Vern Buchanan (R, HD-FL-16)
Latest actions
- : Received in the Senate and Read twice and referred to the Committee on Finance.
- : Motion to reconsider laid on the table Agreed to without objection.
- : On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 17 (Roll no. 305). (text: CR H5687-5688)
- : Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 408 - 17 (Roll no. 305).
- : Considered as unfinished business. (consideration: CR H5824-5825)
- : At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- : DEBATE - The House proceeded with forty minutes of debate on H.R. 9500.
- : Considered under suspension of the rules. (consideration: CR H5687-5690)
- : Considered under suspension of the rules.
- : Mr. Smith (MO) moved to suspend the rules and pass the bill, as amended.
Votes
- On Motion to Suspend the Rules and Pass, as Amended (September 15, 2026): 408 yea, 17 nay, passed
Subjects: Fraud offenses and financial crimes, Taxation, Crime victims, Income tax deductions, Employee benefits and pensions
Common questions
- What is HB9500?
- HB9500 is a bill in Congress (119th Congress): Tax Relief for Fraud Victims Act.
- What does HB9500 do?
- In its own words: An act To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses and to provide for increased taxpayer relief with respect to theft losses involving fraud, deceit, or misrepresentation.
- What is the status of HB9500?
- Passed one chamber as of September 16, 2026. Latest action: Received in the Senate and Read twice and referred to the Committee on Finance. (September 16, 2026).
- Who sponsored HB9500?
- Max Miller (R, HD-OH-7), with 2 co-sponsors.
- Where is the official record for HB9500?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/9500
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.