United States 119th Congress Status: In Committee 1 R cosponsors

HR 7760 — Protect Future Dividends Act

Last action — Referred to the House Committee on Ways and Means.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced March 03, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Prognosis

Stalled 16% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

2 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill excludes payments from State sovereign wealth funds from gross income for tax purposes.

  • Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986

    SEC. 139M. PAYMENTS FROM STATE SOVEREIGN WEALTH FUNDS. (a) In General.--Gross income does not include any payment received by an individual from a State sovereign wealth fund. (b) State Sovereign Wealth Fund.--For purposes of this section, the term `State sovereign wealth fund' means a permanent fund-- (1) which is established and maintained by a State solely for the benefit of individual residents of such State, (2) to which amounts of State revenue designated under State law are directed, (3) the principal of which is invested in a manner prescribed under State law, and (4) from which periodic payments are made under State law to individuals based primarily on residency within the State and not in consideration for anything.

    This addition establishes a new section that defines and exempts certain payments from State sovereign wealth funds from being taxed as income.

  • the table of sections for subchapter B of chapter 1

    Sec. 139M. Payments from State sovereign wealth funds.

    This clerical amendment updates the table of sections to include the new section for payments from State sovereign wealth funds.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

Show all 546 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HR 7760?
HR 7760 is sponsored by Begich, Nicholas J. (Republican).
What is the current status of HR 7760?
This bill is in committee in the House. Introduced March 03, 2026. It must pass committee before a floor vote.
Where can I track HR 7760?
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Last checked for changes 4 months ago · updated continuously

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