What This Bill Does · Plain English
Summary
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Action Timeline
2026-02-12
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.)
2025-07-07
Referred to the House Committee on Ways and Means.
2025-07-07
Introduced in House
2025-07-07
Introduced in House
Frequently Asked Questions
Did HR.4304 pass?
HR.4304 is still alive. Current stage: INTRODUCED. Pass likelihood: pending.
Who sponsored HR.4304?
HR.4304 was sponsored by Dina Titus (D-Nevada).
Full Bill Text
119 HR 4304 IH: Fair Accounting for Income Realized from Betting Earnings Taxation Act U.S. House of Representatives 2025-07-07 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 4304 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. 1. Short title This Act may be cited as the Fair Accounting for Income Realized from Betting Earnings Taxation Act or FAIR Bet Act . 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 .
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