# 119-hr-10690: Capital Loss Inflation Fairness Act

119-hr-10690, Capital Loss Inflation Fairness Act, is a 119th Congress bill sponsored by Rep. Norman, Ralph [R-SC-5] (R-SC); status introduced; PRIA reads it as touching household money (as of 2026-10-16).

- Canonical: https://policyrisk.com/legislation/119-hr-10690
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10690
- Congress: 119
- Title: Capital Loss Inflation Fairness Act
- Status: introduced
- Introduced: 2026-10-01
- Sponsor: Rep. Norman, Ralph [R-SC-5] (R-SC)
- Cosponsors: 7
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-10-16

## Summary

**Indexes and raises the annual capital-loss deduction cap for individual taxpayers.** This bill would set the individual cap at $14,250 for most filers and $7,125 for married filers filing separately and then adjust those amounts for inflation in years after 2026.

## Cosponsors (7)

- Rep. Biggs, Sheri [R-SC-3] (R-SC), 2026-10-01T00:00:00.000Z
- Rep. Harris, Andy [R-MD-1] (R-MD), 2026-10-01T00:00:00.000Z
- Rep. Cloud, Michael [R-TX-27] (R-TX), 2026-10-01T00:00:00.000Z
- Rep. Massie, Thomas [R-KY-4] (R-KY), 2026-10-01T00:00:00.000Z
- Rep. Perry, Scott [R-PA-10] (R-PA), 2026-10-05T00:00:00.000Z
- Rep. McCormick, Richard [R-GA-7] (R-GA), 2026-10-05T00:00:00.000Z
- Rep. Kean, Thomas H. [R-NJ-7] (R-NJ), 2026-10-05T00:00:00.000Z

## Provisions PRIA read

- Higher capital loss deduction for individuals: benefit, high. If enacted, this bill would raise the annual limit non‑corporate taxpayers can deduct for net capital losses. For tax years beginning after December 31, 2025, you could deduct capital losses up to your capital gains plus, if losses exceed gains, the lesser of the excess loss or $14,250. The limit w…

## Related bills

- 119-hr-425: Repealing Big Brother Overreach Act
- 119-hr-1301: Death Tax Repeal Act
- 119-hr-24: Federal Reserve Transparency Act of 2025
- 119-hr-569: Birthright Citizenship Act of 2025
- 119-hr-1232: National Right-to-Work Act
- 119-hconres-12: Supporting the Local Radio Freedom Act.

## Sources
- [119-hr-10690 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10690)

## Related
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-24: Federal Reserve Transparency Act of 2025](https://policyrisk.com/legislation/119-hr-24)
- [119-hr-569: Birthright Citizenship Act of 2025](https://policyrisk.com/legislation/119-hr-569)
- [119-hr-1232: National Right-to-Work Act](https://policyrisk.com/legislation/119-hr-1232)
- [119-hconres-12: Supporting the Local Radio Freedom Act.](https://policyrisk.com/legislation/119-hconres-12)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10690 (as of 2026-10-16).