# 119-hr-7731: To amend the Internal Revenue Code of 1986 to remove the income limitation on the exclusion from gross income of any medal or prize money won in competition in the Olympic Games or Paralympic Games.

119-hr-7731, To amend the Internal Revenue Code of 1986 to remove the income limitation on the exclusion from gross income of any medal or prize money won in competition in the Olympic Games or Paralympic Games., is a 119th Congress bill sponsored by Rep. Fischbach, Michelle [R-MN-7] (R-MN); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7731
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7731
- Congress: 119
- Title: To amend the Internal Revenue Code of 1986 to remove the income limitation on the exclusion from gross income of any medal or prize money won in competition in the Olympic Games or Paralympic Games.
- Status: introduced
- Introduced: 2026-02-26
- Sponsor: Rep. Fischbach, Michelle [R-MN-7] (R-MN)
- Cosponsors: 5
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Makes Olympic and Paralympic medals and prize money fully tax-exempt by removing the income cap on the existing exclusion.** This bill would amend the Internal Revenue Code so the value of any medal awarded for competition in the Olympic Games or Paralympic Games and any prize money received from the United States Olympic Committee are not included in gross income. The change would apply to prizes and awards received after December 31, 2025, lowering the taxable income athletes must report for those awards.

## Cosponsors (5)

- Rep. Stauber, Pete [R-MN-8] (R-MN), 2026-02-26T00:00:00.000Z
- Rep. Tenney, Claudia [R-NY-24] (R-NY), 2026-02-26T00:00:00.000Z
- Rep. Wied, Tony [R-WI-8] (R-WI), 2026-02-26T00:00:00.000Z
- Rep. Kelly, Mike [R-PA-16] (R-PA), 2026-02-26T00:00:00.000Z
- Rep. Hurd, Jeff [R-CO-3] (R-CO), 2026-02-26T00:00:00.000Z

## Provisions PRIA read

- Tax-free Olympic and Paralympic Prizes: benefit, high. If enacted, you would not pay federal income tax on the value of any medal you win at the Olympic Games or Paralympic Games. If enacted, prize money you receive from the United States Olympic Committee for such competition would also be excluded from your taxable income. This removes the prior inco…

## Related bills

- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-4669: FEMA Act of 2025
- 119-hr-404: Hearing Protection Act
- 119-hr-2102: Major Richard Star Act
- 119-hr-1301: Death Tax Repeal Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025

## Sources
- [119-hr-7731 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7731)

## Related
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-404: Hearing Protection Act](https://policyrisk.com/legislation/119-hr-404)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7731 (as of 2026-04-21).