To amend the Internal Revenue Code of 1986 to make certain modifications in relation to the taxation of income required to fund basic living expenses, and for other purposes.

H.R. 7937, introduced in the 119th Congress on March 16, 2026, aims to amend the Internal Revenue Code of 1986 to implement adjustments concerning the taxation of income necessary to cover basic living costs. The bill's primary focus is on addressing the tax implications surrounding funding essential living expenses.