HR 7707
Olympics act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 4:06 AM
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Olympics Act, proposes a new tax on income earned by U.S. citizens and permanent residents who compete in international sporting events for foreign entities considered ‘of concern.’ Specifically, it would impose a 100% tax on earnings from competing in events like the Olympics, World Cup, and Tour de France, as well as any sponsorships linked to those competitions. The bill defines ‘foreign entity of concern’ based on existing U.S. law and establishes rules for how the tax would be administered and how it affects gross income.
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