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HR9383Referred to Committee

To amend the Internal Revenue Code of 1986 to provide special rules with respect to the net operating losses of certain financial institutions.

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-22
Introduced
9
Cosponsors
HR
ⓘ
Type

Sponsor

Mike Carey
Mike Carey
Republican · OH · Representative
Votes with party: 97.0% (574 recorded votes)

Full profile: /officials/C001126

Source: Congress.gov · FEC

Cosponsors (9)

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

  • Claudia Tenney (R-NY-24)Original· 2026-06-22
  • Donald S. Beyer, Jr. (D-VA-8)Original· 2026-06-22
  • Gwen Moore (D-WI-4)Original· 2026-06-22
  • Max L. Miller (R-OH-7)Original· 2026-06-22
  • Nathaniel Moran (R-TX-1)Original· 2026-06-22
  • Rudy Yakym III (R-IN-2)Original· 2026-06-22
  • Steven Horsford (D-NV-4)Original· 2026-06-22
  • Suzan K. DelBene (D-WA-1)Original· 2026-06-22
  • Terri A. Sewell (D-AL-7)Original· 2026-06-22

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.

2026-06-22

Source: Congress.gov

Committee Activity

Currently in

  • House Committee on Ways and MeansReferred To · 2026-06-22

Plain-English Summary

The proposal would change tax rules for banks and other financial institutions that experience significant losses, allowing them to carry those losses backward and forward in specific ways to reduce their tax bills. This would primarily affect large financial companies and could influence how much tax they owe in years when they operate at a loss. The measure is currently under review by the House committee responsible for tax policy.

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.

Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • HR9175Tax Clarity for Mining and Staking Act
    Referred to Committee · 2026-06-08
  • HR8872Preventing Waste, Fraud, and Abuse in TANF Act
    Passed House · 2026-06-03
  • HR9012Affordable Housing Credit Carryback Act
    Referred to Committee · 2026-05-22
  • HR8810No Wasted Space Act
    Referred to Committee · 2026-05-14