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© 2026 Govwatch

S2230Referred to Committee

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

Share:
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: 57.1% (312 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.

  • Jacky Rosen (D-NV)Original· 2025-07-09
  • Ted Cruz (R-TX)Original· 2025-07-09
  • Bill Hagerty (R-TN)· 2025-07-14
  • Bill Cassidy (R-LA)· 2025-11-20
  • Cindy Hyde-Smith (R-MS)· 2025-12-03
  • Angela D. Alsobrooks (D-MD)· 2025-12-16
  • Elissa Slotkin (D-MI)· 2026-01-28
  • Gary C. Peters (D-MI)· 2026-03-26

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

  • Senate Committee on FinanceReferred To · 2025-07-09
  • Finance CommitteeReferred To · 2025-07-09

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
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.

  • S3041Tribal Warrant Fairness Act
    Reported by Committee · 2026-05-19
  • S4532Small Business Wildfire Smoke Recovery Act
    Referred to Committee · 2026-05-14
  • S4534Microbusiness Support Act
    Referred to Committee · 2026-05-14
  • SJRES128A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions".
    Referred to Committee · 2026-05-13