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S. 2230

U.S. Senate•In Senate Committee

Summary

S. 2230, the Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act, was introduced in the Senate on Jul 9, 2025 by Sen. Catherine Cortez Masto (D) with 8 co-sponsors. It was referred to Finance, and last saw action on Jul 9, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 2230 has 8 co-sponsors.

sb2230/introduced-in-senate.txt
119 S2230 IS: Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act
 U.S. Senate
 2025-07-09
 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.
 II  119th CONGRESS  1st Session  S. 2230  IN THE SENATE OF THE UNITED STATES   July 9, 2025   Ms. Cortez Masto  (for herself,  Ms. Rosen , and  Mr. Cruz ) introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to reinstate the rules for wagering losses.
1.
Short title
This Act may be cited as the   Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act  .
2.
Reinstatement of rules for wagering losses
(a)
In general
 Section 165(d)  of the Internal Revenue Code of 1986 is amended to read as follows:
(d)
Wagering losses
Losses from wagering transactions shall be allowed only to the extent of the gains from such transactions. For purposes of the preceding sentence, the term  losses from wagering transactions  includes any deduction otherwise allowable under this chapter incurred in carrying on any wagering transaction.
 .
(b)
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2025.

Tracker

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

  1. Introduced2025-07-09
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Internal Revenue Code of 1986 to reinstate the rules for wagering losses.

Sponsors

Sen. Catherine Cortez Masto (D) sponsors S. 2230, and 8 members have co-sponsored it, 2 of them from the day it was introduced.

Committees

S. 2230 went before 1 committee: Finance.

Finance
Finance
Referred To · Jul 9, 2025 · 902 Bills

Actions

S. 2230 has taken 2 actions since Jul 9, 2025.

ChamberAction
Jul 9, 2025
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Jul 9, 2025
—
Introduced in Senate

Votes

S. 2230 has not gone to a roll call.

1 bill is related to S. 2230, as Identical bill.

Titles

S. 2230 goes by 3 titles, 1 of them short titles.

  • Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act — Display Title
  • Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act — Short Title(s) as Introduced
  • A bill to amend the Internal Revenue Code of 1986 to reinstate the rules for wagering losses. — Official Title as Introduced

Lobbying

16 clients hired 16 firms and 110 registered lobbyists who named S. 2230 in 56 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 Taxation/Internal Revenue Code, Gaming/Gambling/Casino, Financial Institutions/Investments/Securities, Indian/Native American Affairs, Travel/Tourism, Real Estate/Land Use/Conservation, Consumer Issues/Safety/Products, Banking.

Clients

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

ClientBusinessStateFirmsFilingsReported
BOYD GAMING CORPORATIONMulti-jursidictional gaming company.Nevada29$300K
AMERICAN GAMING ASSOCIATIONTrade AssociationDistrict of Columbia36$80K
CAESARS ENTERPRISE SERVICES LLCGamingNevada14$360K
DRAFTKINGS INC.Fantasy sports and sports wageringMassachusetts14$350K
MGM PUBLIC POLICY, LLChospitality and entertainmentDistrict of Columbia14$240K
MGM RESORTS—Nevada14$240K
MGM RESORTS INTERNATIONALDevelops, builds and operates destination resorts.Nevada14$200K
FANDUELOnline Sports GamingNew York14$170K
KATUMA, LLCAnalytics for parimutuel gaming.Florida13$172.5K
NATIONAL THOROUGHBRED RACING ASSOCIATIONTrade AssociationKentucky13$90K
RED ROCK RESORTS, INC.Hospitality companyNevada12$120K
SHAKOPEE MDEWAKANTON DAKOTA (SIOUX) COMMUNITY—Minnesota12$40K
AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS—District of Columbia12—
AMERICANS FOR TAX REFORM—District of Columbia12—
DRAFTKINGS INC. AND ITS AFFILIATESSports betting, lottery, taxation and online gamingMassachusetts12—
CAESARS ENTERPRISE SERVICES, LLCGamingNevada11$90K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
BROWNSTEIN HYATT FARBER SCHRECK, LLP48$480K
TIBER CREEK GROUP15$300K
AMERICAN GAMING ASSOCIATION14—
BGR GOVERNMENT AFFAIRS14$360K
BOYD GAMING CORPORATION14—
CASSIDY & ASSOCIATES, INC.14$240K
HARBINGER STRATEGIES, LLC14$200K
INVARIANT LLC14$350K
MEHLMAN CONSULTING, INC.14$170K
AKIN GUMP STRAUSS HAUER & FELD13$90K
GRAYROBINSON PA13$172.5K
AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS12—
AMERICANS FOR TAX REFORM12—
DRAFTKINGS INC. AND ITS AFFILIATES12—
HOLLAND & KNIGHT LLP12$40K
FIERCE GOVERNMENT RELATIONS11$50K

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 110.

LobbyistFirmsClientsFilings
HAROLD HANCOCK137
DAVID REID136
RUSSELL SULLIVAN126
DREW CANTOR115
JAN BEUKELMAN115
JEFFREY SHAPIRO115
MARK WARREN125
ALEJANDRO CISNEROS114
ALEXANDER PERKINS114
ALEXANDRA COSTELLO114
ALFRED MOTTUR114
ALYENE MLINAR114
ANNIE WOLF114
BARBARA SUTTON114
BRUCE MEHLMAN114
CAITLIN VAN SANT114
CHRISTOPHER CYLKE114
DAVID THOMAS114
DEAN ROSEN114
ELISE FINLEY PICKERING114

Filings

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

ClientRegistrantPeriodReportedDocument
AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTSAICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS2026 second_quarter$1.6M2nd Quarter - Report
AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTSAICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS2026 first_quarter$1.5M1st Quarter - Report
AMERICAN GAMING ASSOCIATIONAMERICAN GAMING ASSOCIATION2026 first_quarter$730K1st Quarter - Report
AMERICAN GAMING ASSOCIATIONAMERICAN GAMING ASSOCIATION2026 second_quarter$660K2nd Quarter - Report
AMERICAN GAMING ASSOCIATIONAMERICAN GAMING ASSOCIATION2025 fourth_quarter$610K4th Quarter - Report
AMERICAN GAMING ASSOCIATIONAMERICAN GAMING ASSOCIATION2025 third_quarter$520K3rd Quarter - Report
DRAFTKINGS INC. AND ITS AFFILIATESDRAFTKINGS INC. AND ITS AFFILIATES2026 first_quarter$290K1st Quarter - Report
DRAFTKINGS INC. AND ITS AFFILIATESDRAFTKINGS INC. AND ITS AFFILIATES2025 fourth_quarter$260K4th Quarter - Report
CAESARS ENTERPRISE SERVICES LLCBGR GOVERNMENT AFFAIRS2026 second_quarter$90K2nd Quarter - Report
CAESARS ENTERPRISE SERVICES, LLCBROWNSTEIN HYATT FARBER SCHRECK, LLP2026 second_quarter$90K2nd Quarter - Report
DRAFTKINGS INC.INVARIANT LLC2026 second_quarter$90K2nd Quarter - Report
CAESARS ENTERPRISE SERVICES LLCBGR GOVERNMENT AFFAIRS2026 first_quarter$90K1st Quarter - Report
DRAFTKINGS INC.INVARIANT LLC2026 first_quarter$90K1st Quarter - Report
CAESARS ENTERPRISE SERVICES LLCBGR GOVERNMENT AFFAIRS2025 fourth_quarter$90K4th Quarter - Report
DRAFTKINGS INC.INVARIANT LLC2025 fourth_quarter$90K4th Quarter - Report
CAESARS ENTERPRISE SERVICES LLCBGR GOVERNMENT AFFAIRS2025 third_quarter$90K3rd Quarter - Report
DRAFTKINGS INC.INVARIANT LLC2025 third_quarter$80K3rd Quarter - Report
AMERICANS FOR TAX REFORMAMERICANS FOR TAX REFORM2026 second_quarter$70K2nd Quarter - Report
KATUMA, LLCGRAYROBINSON PA2026 second_quarter$70K2nd Quarter - Report
AMERICANS FOR TAX REFORMAMERICANS FOR TAX REFORM2026 first_quarter$70K1st Quarter - Report

Classification

The Congressional Research Service files S. 2230 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 2230’s is Taxation.

s2230/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

Source: congress.gov · legiscan.com