- Speaker Mike Johnson is leading efforts in the Senate to pass the SAVE America Act, a voter eligibility bill that utilizes budget reconciliation to bypass the filibuster. Donald Trump is tying this to a comprehensive package.
- The legislative battle over the SAVE America Act continues, with the bill passing the House and facing opposition in the Senate.
- AARP advocates for housing legislation in the House and Senate, while Donald Trump requires Congress to pass the SAVE Act.
Tax Relief for Fraud Victims Act Awaits Senate Action After House Passage
What happened
The Tax Relief for Fraud Victims Act successfully passed the House of Representatives on September 15. The bill aims to restore legal protections for victims of theft, such as those who lose funds to scammers. The provision had been removed from the tax code during the Tax Cuts and Jobs Act in 2017 and again in 2025. The bill is currently awaiting action in the Senate.
From moneytalksnews.com
Why it matters
The proposed law would lift the requirement for victims to pay taxes on funds that were stolen. The bill seeks to restore the tax deduction that was inadvertently removed from the tax code, which has significant implications for financial planning and consumer protection.
The legislative process is part of the ongoing debate over the SAVE America Act.
From moneytalksnews.com
Who's involved
- Donald TrumpThe bill addresses tax provisions that were active during his time as President.
- AARPThe organization advocates for the successful passage of the tax relief legislation.
- senateThe chamber is currently reviewing the Tax Relief for Fraud Victims Act.
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The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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AARP
American nonprofit organization
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senate
type of legislative body, often the upper house or chamber of a bicameral legislature
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- Trump links dividend to Republican control of Congress, while PBS estimates the cost and he opposes Democrats' tax cuts.