# 119-hr-7760: Protect Future Dividends Act

119-hr-7760, Protect Future Dividends Act, is a 119th Congress bill sponsored by Rep. Begich, Nicholas J. [R-AK-At Large] (R-AK); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7760
- 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-7760
- Congress: 119
- Title: Protect Future Dividends Act
- Status: introduced
- Introduced: 2026-03-03
- Sponsor: Rep. Begich, Nicholas J. [R-AK-At Large] (R-AK)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Excludes payments from State sovereign wealth funds from federal gross income.** This bill would add a new Internal Revenue Code section 139M to say individuals do not count payments from a qualifying State permanent fund as gross income. It defines a qualifying fund as a permanent State fund funded by revenue under State law, invested under State law, and used to make periodic payments to residents based mainly on residency and not in exchange for services. The exclusion would apply to payments received after the date of enactment.

## Provisions PRIA read

- No federal tax on state fund payments: benefit, high. This bill would exclude from federal gross income any payment you get from a State sovereign wealth fund. A qualifying fund would be a permanent state fund set up to benefit only state residents and funded by state revenue designated under state law. The fund's principal would be invested under sta…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-471: Fix Our Forests Act
- 119-hr-7613: ALERT Act
- 119-hr-4075: Fire Weather Development Act of 2025
- 119-hr-5351: NSF AI Education Act of 2025

## Sources
- [119-hr-7760 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7760)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-471: Fix Our Forests Act](https://policyrisk.com/legislation/119-hr-471)
- [119-hr-7613: ALERT Act](https://policyrisk.com/legislation/119-hr-7613)
- [119-hr-4075: Fire Weather Development Act of 2025](https://policyrisk.com/legislation/119-hr-4075)
- [119-hr-5351: NSF AI Education Act of 2025](https://policyrisk.com/legislation/119-hr-5351)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7760 (as of 2026-04-21).