HR6985Referred 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
2026-01-08
Introduced
6
Cosponsors
HR
ⓘ
Type

Sponsor

Max L. Miller
Max L. Miller
Republican · OH · Representative
Votes with party: 97.4% (535 recorded votes)

Full profile: /officials/M001222

Source: Congress.gov · FEC

Cosponsors (6)

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 →

Referred to the House Committee on Ways and Means.

2026-01-08

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English Summary

This bill would change how businesses can use financial losses to reduce their tax bills, likely allowing companies to carry losses forward or backward across different tax years to offset profits and lower their overall tax burden. The changes would primarily affect small and medium-sized businesses in service industries like hospitality, retail, and professional services that experience significant year-to-year income fluctuations. The bill aims to provide tax relief to these businesses during down years while they recover economically.

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.