[Congressional Record Volume 172, Number 71 (Wednesday, April 22, 2026)]
[Senate]
[Page S1963]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4894. Ms. ROSEN submitted an amendment intended to be proposed by 
her to the concurrent resolution S. Con. Res. 33, setting forth the 
congressional budget for the United States Government for fiscal year 
2026 and setting forth the appropriate budgetary levels for fiscal 
years 2027 through 2035; which was ordered to lie on the table; as 
follows:

       At the appropriate place in title IV, add the following:

     SEC. 4___. POINT OF ORDER AGAINST LEGISLATION THAT DOES NOT 
                   ALLOW FULL DEDUCTIBILITY FOR LOSSES FROM 
                   WAGERING TRANSACTIONS.

       (a) Point of Order.--It shall not be in order in the Senate 
     to consider any bill, joint resolution, motion, amendment, 
     amendment between the Houses, or conference report that does 
     not allow for the amount of any gains from wagering 
     transactions during a taxable year to be offset by 100 
     percent of the amount of any losses from wagering 
     transactions during such taxable year.
       (b) Waiver and Appeal.--Subsection (a) may be waived or 
     suspended in the Senate only by an affirmative vote of three-
     fifths of the Members, duly chosen and sworn. An affirmative 
     vote of three-fifths of the Members of the Senate, duly 
     chosen and sworn, shall be required to sustain an appeal of 
     the ruling of the Chair on a point of order raised under 
     subsection (a).
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