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H.R. 405

U.S. House•In House Committee

Summary

H.R. 405, the Keep Every Extra Penny Act of 2025, was introduced in the House on Jan 15, 2025 by Rep. Russ Fulcher (R) with 1 co-sponsor. It was referred to Ways And Means, and last saw action on Jan 15, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 405 has 1 co-sponsor.

hb405/introduced-in-house.txt
119 HR 405 IH: Keep Every Extra Penny Act of 2025
 U.S. House of Representatives
 2025-01-15
 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  1st Session  H. R. 405  IN THE HOUSE OF REPRESENTATIVES   January 15, 2025   Mr. Fulcher  (for himself and  Mr. Rulli ) 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 exclude overtime compensation from gross income for purposes of the income tax.
1.
Short title
This Act may be cited as the   Keep Every Extra Penny Act of 2025  .
2.
Exclusion of overtime compensation from gross income
(a)
In general
Part III of subchapter B of  chapter 1  of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following new section:
139J.
Overtime compensation
Gross income shall not include overtime compensation required under section 7 of the Fair Labor Standards Act of 1938.
 .
(b)
Clerical amendment
The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 139I the following new item:
Sec. 139J. Overtime compensation.
  .
(c)
Effective date
The amendments made by this section shall apply to amounts received after the date of the enactment of this Act.

Tracker

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

  1. Introduced2025-01-15
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in House Jan 15, 2025

hb405/introduced-in-house.md

Shown Here:
Introduced in House (01/15/2025)

Keep Every Extra Penny Act of 2025

This bill excludes from gross income for federal income tax purposes overtime compensation paid for hours worked in excess of 40 hours per week (as required by the Fair Labor Standards Act of 1938). Under current law, overtime compensation paid to a taxpayer is included in gross income for purposes of calculating federal income taxes.

Sponsors

Rep. Russ Fulcher (R) sponsors H.R. 405, and 1 member has co-sponsored it from the day it was introduced.

Committees

H.R. 405 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Jan 15, 2025 · 1,160 Bills

Actions

H.R. 405 has taken 2 actions since Jan 15, 2025.

ChamberAction
Jan 15, 2025
House
Introduced in House
Jan 15, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 405 has not gone to a roll call.

1 bill is related to H.R. 405.

Titles

H.R. 405 goes by 3 titles, 1 of them short titles.

  • Keep Every Extra Penny Act of 2025 — Display Title
  • To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax. — Official Title as Introduced
  • Keep Every Extra Penny Act of 2025 — Short Title(s) as Introduced

Lobbying

3 clients hired 3 firms and 9 registered lobbyists who named H.R. 405 in 15 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Health Issues, Budget/Appropriations, Firearms/Guns/Ammunition, Law Enforcement/Crime/Criminal Justice, Labor Issues/Antitrust/Workplace, Retirement, Taxation/Internal Revenue Code, Telecommunications.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
NATIONAL FRATERNAL ORDER OF POLICE—District of Columbia110—
CENCORA FKA AMERISOURCEBERGEN CORPORATIONPharmaceutical ServicesPennsylvania14$200K
CENCORAPharmaceutical ServicesPennsylvania11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
NATIONAL FRATERNAL ORDER OF POLICE110—
HORIZON GOVERNMENT AFFAIRS14$200K
MONUMENT ADVOCACY11—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
BENJAMIN STOKES1110
DAVID TABOH1110
JAMES PASCO1110
LAURA GORMALLY1110
TIMOTHY RICHARDSON1110
COLTON HENNING225
JOEL WHITE225
MARK MCDONALD114
BRETT MEEKS112

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
NATIONAL FRATERNAL ORDER OF POLICENATIONAL FRATERNAL ORDER OF POLICE2026 second_quarter$100K2nd Quarter - Report
NATIONAL FRATERNAL ORDER OF POLICENATIONAL FRATERNAL ORDER OF POLICE2026 first_quarter$100K1st Quarter - Report
NATIONAL FRATERNAL ORDER OF POLICENATIONAL FRATERNAL ORDER OF POLICE2025 fourth_quarter$100K4th Quarter - Amendme…
NATIONAL FRATERNAL ORDER OF POLICENATIONAL FRATERNAL ORDER OF POLICE2025 third_quarter$100K3rd Quarter - Amendme…
NATIONAL FRATERNAL ORDER OF POLICENATIONAL FRATERNAL ORDER OF POLICE2025 second_quarter$100K2nd Quarter - Amendme…
NATIONAL FRATERNAL ORDER OF POLICENATIONAL FRATERNAL ORDER OF POLICE2025 first_quarter$100K1st Quarter - Amendme…
NATIONAL FRATERNAL ORDER OF POLICENATIONAL FRATERNAL ORDER OF POLICE2025 fourth_quarter$100K4th Quarter - Report
NATIONAL FRATERNAL ORDER OF POLICENATIONAL FRATERNAL ORDER OF POLICE2025 third_quarter$100K3rd Quarter - Report
NATIONAL FRATERNAL ORDER OF POLICENATIONAL FRATERNAL ORDER OF POLICE2025 second_quarter$100K2nd Quarter - Report
NATIONAL FRATERNAL ORDER OF POLICENATIONAL FRATERNAL ORDER OF POLICE2025 first_quarter$100K1st Quarter - Report
CENCORA FKA AMERISOURCEBERGEN CORPORATIONHORIZON GOVERNMENT AFFAIRS2025 fourth_quarter$50K4th Quarter - Termina…
CENCORA FKA AMERISOURCEBERGEN CORPORATIONHORIZON GOVERNMENT AFFAIRS2025 third_quarter$50K3rd Quarter - Report
CENCORA FKA AMERISOURCEBERGEN CORPORATIONHORIZON GOVERNMENT AFFAIRS2025 second_quarter$50K2nd Quarter - Report
CENCORA FKA AMERISOURCEBERGEN CORPORATIONHORIZON GOVERNMENT AFFAIRS2025 first_quarter$50K1st Quarter - Report
CENCORAMONUMENT ADVOCACY2026 first_quarter—Registration

Classification

The Congressional Research Service files H.R. 405 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 405’s is Taxation.

hr405/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. 405, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 8 (Wednesday, January 15, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FULCHER:H.R. 405.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 provides Congress with thepower to `lay and collect Taxes, Duties, Imposts and Excises'in order to `provide for the general Welfare of the UnitedStates.[Page H186]

Source: congress.gov · legiscan.com