To amend the Internal Revenue Code of 1986 to restore wagering loss limitation rules.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to restore wagering loss limitation rules., changes federal law or congressional policy affecting workers, employers, and labor regulators. The main policy domain is Labor, Government Operations.
Who Benefits and How
workers, employers, and labor regulators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, workers, employers, and labor regulators may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H8B809E0A00BC4DB0AF116D84670EEB02: 1. Short title This Act may be cited as the Winnings And Gains Expense Restoration Act of 2025 or the WAGER Act of 2025.
- Section HA801491D88094EC08597932BE555A2BE: 2. Limitation on wagering losses Section 165(d)(1) of the Internal Revenue Code of 1986 (as amended by the Act entitled an Act to provide for reconciliation...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to restore wagering loss limitation rules., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Key Policy Areas
Labor, Government Operations
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to restore wagering loss limitation rules., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Policy Domains
Whole bill
Identified Gains
- workers, employers, and labor regulators
Identified Costs
- federal implementing agencies
- workers, employers, and labor regulators
Sponsors
Legislative Progress
IntroducedMr. Barr introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology