House bill · H.R. 7731 (119th Congress)
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…
U.S. House of Representatives
Sponsor: Michelle Fischbach (U.S. Representative, MN-7, Republican)
Official titleShow
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.
The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.
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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data
Summary
Would remove the income limit on the existing federal tax exclusion for Olympic and Paralympic medals and prize money awarded by the United States Olympic Committee, so that the exclusion applies regardless of the taxpayer's income.
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Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
House Committee on Ways and Means · U.S. House of Representatives
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Cosponsors
5
Cosponsors listed on Congress.gov, shown A to Z.
- Republican5
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Full history
- Feb 26, 2026
Introduced
Introduced in House
U.S. House of Representatives
- Feb 26, 2026
Introduced
Introduced in U.S. House
U.S. House
- Feb 26, 2026
Referred to committee
Referred to the House Committee on Ways and Means.
U.S. House of Representatives
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.