HR 6985
Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:12 PM
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act, aims to restore rules regarding wagering losses for tax purposes. Specifically, it modifies the Internal Revenue Code to limit deductions for wagering losses to the amount of any gains from wagering activities. This means that if you lose money gambling, you can only deduct the amount you won. The changes will take effect starting in 2026.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.