HR1662Referred to Committee

LEAP Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-02-27
Introduced
9
Cosponsors
HR
ⓘ
Type

Sponsor

Nikki Budzinski
Nikki Budzinski
Democrat · IL · Representative
Votes with party: 94.9% (608 recorded votes)
Top industries funding sponsor:
  • Crypto & Digital Assets$4,193k

Full profile: /officials/B001315

Source: Congress.gov · FEC

Cosponsors (9)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

9 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

2025-02-27

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The LEAP Act would change how the federal government taxes certain types of income or business activities, though the specific tax changes would depend on the bill's detailed provisions. The proposal has been sent to two congressional committees—Ways and Means and Oversight and Government Reform—to review which parts fall under each committee's authority before moving forward. Depending on what the bill actually contains, it could affect how individuals, businesses, or both pay federal taxes.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
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Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.