OLYMPICS Act

Hozzl · 2026-03-24T01:37:40Z

Explore the details of House Bill 7707 OLYMPICS Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

3/24/2026, 1:37 AM

Summary of Bill HR 7707

The bill titled "To amend the Internal Revenue Code of 1986 to impose a tax on income earned from competing in global athletic events on behalf of foreign entities of concern" was introduced in the 119th Congress on February 25, 2026. It aims to introduce a tax on income derived from participating in global sports competitions for foreign entities considered as concerning.

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Current Status of Bill HR 7707

Bill HR 7707 is currently in the status of Bill Introduced since February 25, 2026. Bill HR 7707 was introduced during Congress 119 and was introduced to the House on February 25, 2026. Bill HR 7707's most recent activity was Referred to the House Committee on Ways and Means. as of February 25, 2026

Bipartisan Support of Bill HR 7707

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7707

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 7707

To amend the Internal Revenue Code of 1986 to impose a tax on income earned from competing in global athletic events on behalf of foreign entities of concern.