To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses and index the limitation to inflation.
Raises the tax-code limit on capital losses and adjusts it for inflation.
In the House Ways and Means Committee since Oct. 1, 2026, 4 days after it was introduced. Most bills never leave committee.
- INTRODUCEDINTROOCT 1, 2026
- COMMITTEECOMM.IN COMMITTEE
- HOUSEHOUSE—
- SENATESENATE—
- LAWLAW—
What the bill would do, and why it matters
Tax law limits how much in investment losses taxpayers can use. The proposal would raise the capital-loss limit and adjust it for inflation, which could change the tax bills of taxpayers with capital losses.
- INTRODUCED ONLY This bill has been introduced and possibly referred to a committee, but it has not passed any vote. Most introduced bills never become law — they die in committee without a hearing.
- FULL TEXT UNAVAILABLE Congress.gov has not posted the full bill text yet. The analysis is based on the title and metadata only and may miss substantive provisions.
- DATA NOTE No Congressional Research Service summary was available.
- Raises and inflation-adjusts the capital-loss limit
The proposal would increase the tax-code limit on capital losses and adjust that limit for inflation.
A higher limit could affect the federal tax bills of taxpayers with capital losses. Adjusting the limit for inflation would also keep it from remaining fixed as prices rise.
Written from the official record.
The path it took, step by step
- IntroducedOCT 1, 2026HOUSEOCT 1, 2026By Rep. Norman with 4 original cosponsorsReferred to Ways and Means
- SAME DAYNOWHouse committeeOCT 1, 2026WAYS & MEANS NOWOCT 1, 2026In committee for 4 daysNo hearing yet
- 4 DAYS SO FARPassed the House—HOUSE FLOOR—Not scheduled
- Senate committee—SENATE—
- Passed the Senate—SENATE FLOOR—Not scheduled
- Resolve differencesONLY IF NEEDEDBOTH CHAMBERSONLY IF NEEDEDSkipped if the other chamber passes the same text
- Signed into law—PRESIDENT—10 days to sign or veto
- OCT 12026OCT 1, 2026REFERREDHOUSEReferred to the House Committee on Ways and Means.
- OCT 12026OCT 1, 2026INTRODUCEDHOUSEIntroduced in House
At day 4, this bill is already older than 3% of the laws passed this Congress were when they were signed.
Where your members stand on it
A coalition from 4 states
Plus the sponsor, a Republican. Every cosponsor is from one party.
Plus the sponsor, a Republican. Every cosponsor is from one party.
Rep. Norman’s record: sponsored 23 bills this Congress. 2 passed the House; 1 became law.
- Sheri BiggsR-SC-3ORIGINAL
- Michael CloudR-TX-27ORIGINAL
- Andy HarrisR-MD-1ORIGINAL
- Thomas MassieR-KY-4ORIGINAL
What readers think
Discussion
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