S2230Referred to Committee

Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-07-09
Introduced
8
Cosponsors
S
ⓘ
Type

Sponsor

Catherine Cortez Masto
Catherine Cortez Masto
Democrat · NV · Senator
Votes with party: 78.8% (841 recorded votes)

Full profile: /officials/C001113

Source: Congress.gov · FEC

Cosponsors (8)

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

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 →

Read twice and referred to the Committee on Finance.

2025-07-09

Source: Congress.gov

Committee Activity

Previously

Plain-English Summary

This bill would allow certain businesses in the service industry to carry forward and use tax losses more flexibly, potentially reducing their tax bills in future profitable years. The measure aims to help service-sector companies—like restaurants, hotels, and consulting firms—manage their finances more effectively by giving them greater ability to offset past losses against future earnings.

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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Related legislation

Bills by the same sponsor or covering overlapping subjects.