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    <number>2684</number>
    <updateDate>2024-07-24T15:22:38Z</updateDate>
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    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-04-18</introducedDate>
    <congress>118</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 169, Number 64 (Tuesday, April 18, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. NORMAN:H.R. 2684.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8The single subject of this legislation is:Increases the capital loss limit against ordinary incomefrom $3,000 to $13,000 and adjusts annually for inflation.[Page H1847]</pre>]]></constitutionalAuthorityStatementText>
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        <actionDate>2023-04-18</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Introduced in House</text>
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        <fullName>Rep. Norman, Ralph [R-SC-5]</fullName>
        <firstName>Ralph</firstName>
        <lastName>Norman</lastName>
        <party>R</party>
        <state>SC</state>
        <district>5</district>
        <isByRequest>N</isByRequest>
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    <cosponsors>
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        <bioguideId>L000598</bioguideId>
        <fullName>Rep. LaLota, Nick [R-NY-1]</fullName>
        <firstName>Nick</firstName>
        <lastName>LaLota</lastName>
        <party>R</party>
        <state>NY</state>
        <district>1</district>
        <sponsorshipDate>2023-04-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>W000814</bioguideId>
        <fullName>Rep. Weber, Randy K., Sr. [R-TX-14]</fullName>
        <firstName>Randy</firstName>
        <lastName>Weber</lastName>
        <party>R</party>
        <state>TX</state>
        <middleName>K.</middleName>
        <district>14</district>
        <sponsorshipDate>2023-04-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>M000194</bioguideId>
        <fullName>Rep. Mace, Nancy [R-SC-1]</fullName>
        <firstName>Nancy</firstName>
        <lastName>Mace</lastName>
        <party>R</party>
        <state>SC</state>
        <district>1</district>
        <sponsorshipDate>2023-04-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001211</bioguideId>
        <fullName>Rep. Miller, Mary E. [R-IL-15]</fullName>
        <firstName>Mary</firstName>
        <lastName>Miller</lastName>
        <party>R</party>
        <state>IL</state>
        <middleName>E.</middleName>
        <district>15</district>
        <sponsorshipDate>2023-04-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001222</bioguideId>
        <fullName>Rep. Santos, George [R-NY-3]</fullName>
        <firstName>George</firstName>
        <lastName>Santos</lastName>
        <party>R</party>
        <state>NY</state>
        <district>3</district>
        <sponsorshipDate>2023-04-19</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001052</bioguideId>
        <fullName>Rep. Harris, Andy [R-MD-1]</fullName>
        <firstName>Andy</firstName>
        <lastName>Harris</lastName>
        <party>R</party>
        <state>MD</state>
        <district>1</district>
        <sponsorshipDate>2023-04-24</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001302</bioguideId>
        <fullName>Rep. Biggs, Andy [R-AZ-5]</fullName>
        <firstName>Andy</firstName>
        <lastName>Biggs</lastName>
        <party>R</party>
        <state>AZ</state>
        <district>5</district>
        <sponsorshipDate>2023-04-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000398</bioguideId>
        <fullName>Rep. Kean, Thomas H. [R-NJ-7]</fullName>
        <firstName>Thomas</firstName>
        <lastName>Kean</lastName>
        <party>R</party>
        <state>NJ</state>
        <middleName>H.</middleName>
        <district>7</district>
        <sponsorshipDate>2024-02-26</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Taxation</name>
        <updateDate>2023-04-27T15:01:13Z</updateDate>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-04-18</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-05-01T18:50:41Z</updateDate>
        <text><![CDATA[ <p> <strong>Capital Loss Inflation Fairness Act </strong></p> <p>This bill increases the allowance for capital losses and adjusts the increased allowance amount for inflation after 2023.</p>]]></text>
      </summary>
    </summaries>
    <title>Capital Loss Inflation Fairness Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Capital Loss Inflation Fairness Act</title>
        <updateDate>2024-07-24T15:22:38Z</updateDate>
      </item>
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        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Capital Loss Inflation Fairness Act</title>
        <updateDate>2024-05-24T13:40:48Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses and index the limitation to inflation.</title>
        <updateDate>2024-03-18T20:37:47Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2023-04-18T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr2684ih/xml/BILLS-118hr2684ih.xml</url>
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    <latestAction>
      <actionDate>2023-04-18</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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