Introduced
H. R. 7731
Introduced in House · March 20, 2026February 26, 2026
Mrs. Fischbach (for herself, Mr. Stauber, Ms. Tenney, Mr. Wied, Mr. Kelly of Pennsylvania, and Mr. Hurd of Colorado) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to remove the income limitation on the exclusion from gross income of any medal or prize money won in competition in the Olympic Games or Paralympic Games.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Removal of income limitation on exclusion from gross income of Olympic and Paralympic medals and prize money.
- (a) In general.— Section 74(d) of the Internal Revenue Code of 1986 is amended to read as follows: