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Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act

H.R. 6985 Rep. Max Miller (R-OH-7) In committee
Bill text PDF
  1. Introduced Jan 8
  2. Committee Jan 8
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Jan 8, 2026Next: House vote
292d ago Jan 8, 2026: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
3companies, 10 filings
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Member trades
1trades in the last 90 days
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Companies lobbying on this bill

3 companies
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Services 3
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Summary

This bill amends the Internal Revenue Code to change the rules for wagering losses. Sec. 2, Reinstatement of rules for wagering losses: This section replaces the current tax rule for wagering losses. It says that losses from wagering transactions are only allowed up to the amount of gains from such transactions. It also clarifies that 'losses from wagering transactions' includes any other tax deductions that are normally allowed but are incurred in carrying on a wagering transaction. These changes apply to tax years starting after December 31, 2025.

Summary of the bill text as introduced in House (Jan 8, 2026), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.