119th Congress

H.R.4304

Fair Accounting for Income Realized from Betting Earnings Taxation Act

Introduced·7/7/25

Prefiled

Introduced7/7/25

Chamber Passed

Final Passage

Complete

Introduced

H. R. 4304

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’”.