CONGRESS FOR VOTERS

Catherine Cortez Masto (D-NV)

S.Amdt. 4248

S.Amdt. 4248 · Senate amendment

A Democratic amendment with 1 Republican cosponsor · See the cosponsor

Changes H.R. 7148 — Consolidated Appropriations Act, 2026

Not adopted

This amendment was never taken up, and the bill finished without it. It was never voted on.

Its path through Congress

  1. Introduced
  2. Pending Consideration
  3. Failed

What this amendment would do

SA 4248, submitted by Ms. Cortez Masto and Mr. Cruz, is an amendment to bill H.R. 7148.

The purpose of this amendment is the reinstatement of rules for wagering losses. It aims to change the Internal Revenue Code of 1986, specifically Section 165(d), to state that:

  • Losses from wagering transactions are only allowed to the extent of the gains from those transactions.
  • The term losses from wagering transactions includes any deduction otherwise allowable under that chapter that was incurred while carrying on a wagering transaction.

These changes would apply to taxable years beginning after December 31, 2025.