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H.R. 7731

U.S. House•In House Committee

Summary

H.R. 7731, 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, was introduced in the House on Feb 26, 2026 by Rep. Michelle Fischbach (R) with 5 co-sponsors. It was referred to Ways And Means, and last saw action on Feb 26, 2026: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 7731 has 5 co-sponsors.

hb7731/introduced-in-house.txt
119 HR 7731 IH: 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.
 U.S. House of Representatives
 2026-02-26
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 7731  IN THE HOUSE OF REPRESENTATIVES   February 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.
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:
(d)
Exception for Olympic and Paralympic medals and prizes
Gross income shall not include the value of any medal awarded in, or any prize money received from the United States Olympic Committee on account of, competition in the Olympic Games or Paralympic Games.
 .
(b)
Effective date
The amendment made by this section shall apply to prizes and awards received after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-02-26
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

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.

Sponsors

Rep. Michelle Fischbach (R) sponsors H.R. 7731, and 5 members have co-sponsored it, all of them from the day it was introduced.

Committees

H.R. 7731 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Feb 26, 2026 · 1,160 Bills

Actions

H.R. 7731 has taken 2 actions since Feb 26, 2026.

ChamberAction
Feb 26, 2026
House
Introduced in House
Feb 26, 2026
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 7731 has not gone to a roll call.

Titles

H.R. 7731 goes by 2 titles.

  • 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. — Official Title as Introduced
  • 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. — Display Title

Classification

The Congressional Research Service files H.R. 7731 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 7731’s is Taxation.

hr7731/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 7731, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 38 (Thursday, February 26, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. FISCHBACH:H.R. 7731.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H2333]

Source: congress.gov · legiscan.com