“I’m glad to see our fix pass out of the House Ways and Means Committee and move one step closer to the finish line. Rest assured, we won’t stop fighting until it’s signed into law.”
Will continue fighting until the FULL HOUSE Act is signed into law to restore the full deduction of gaming losses against winnings.
Occurrences
Evidence
verified · Source version 69123 · locator 2017
“I’m glad to see our fix pass out of the House Ways and Means Committee and move one step closer to the finish line. Rest assured, we won’t stop fighting until it’s signed into law.”
verified · Source version 80457 · locator 1873
H.R. 10357, the “Digital Asset Tax Certainty Act” was ordered favorably reported to the House of Representatives as amended by an Amendment in the Nature of a Substitute, offered by Chairman Smith, by a roll call vote of 38 yeas and 5 nays.
unverified · Source version 80459 · locator unknown
TITLE VII—FULL HOUSE ACT SEC. 701. REINSTATEMENT OF RULES FOR WAGERING LOSSES.
unverified · Source version 80461 · locator unknown
The proposal eliminates the 90-percent limitation, enacted by Public Law 119-21, on the deduction for losses from wagering transactions.
unverified · Source version 80463 · locator unknown
01/14/2026 - Rep. Lee, Susie [D-NV-3]
unverified · Source version 80465 · locator unknown
``(A) shall be equal to 90 percent of the amount of such losses during such taxable year, and
Assessments
The verified commitment is to keep fighting until the FULL HOUSE Act is signed into law. Verified evidence shows Lee describing the measure as her fix and saying it had advanced out of House Ways and Means, and a verified committee record shows H.R. 10357 was ordered favorably reported. But the verified evidence does not show the FULL HOUSE Act or the relevant restoration becoming law by 2026-10-05. Committee passage is effort and progress, not enactment of the promised outcome, and no deadline has expired.