United States Congress
WAGER Act
July 31, 2024
Summary
The WAGER Act (S. 4872) is a proposed congressional bill amending IRC § 4402 to exempt sports betting wagers from the federal excise tax on authorized wagers, provided the wager is not prohibited by state law or an approved Tribal-State gaming compact. It has no application to mortgage lending, servicing, or compliance, and is not a regulatory item for mortgage industry participants.
AI-generated summary · Aug 29, 2026. Verify with your compliance counsel before acting.
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Source: https://www.congress.gov/bill/118th-congress/s-bill/4872
Common questions
- What does "WAGER Act" cover?
- The WAGER Act (S. 4872) is a proposed congressional bill amending IRC § 4402 to exempt sports betting wagers from the federal excise tax on authorized…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on July 31, 2024.