,,ii #aacth ,,congress #b;d ,session ,s4 #bjbf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #ab1 #bjad ,mr4 ,thune 7for himself1 ,mr4 ,rubio1 ,mr4 ,schumer1 ,mr4 ,kirk1 ,mrs4 ,gillibrand1 ,mr4 ,wicker1 ,mr4 ,hoeven1 and ,mr4 ,isakson7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to exclude from gross income any prizes or awards won in competition in the ,olympic ,games or the ,paralympic ,games4 #a4 ,olympic and ,paralympic medals and ,,usoc prize money excluded from gross income 7a7 ,in general ,section #gd of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subsection3 7d7 ,exception for ,olympic and ,paralympic medals and prizes ,gross income shall not include the value of any medal awarded in1 or any prize money received from the ,united ,states ,olympic ,committee on account of1 competition in the ,olympic ,games or ,paralympic ,games4 4 7b7 ,effective date ,the amendment made by this section shall apply to prizes and awards received after ,december #ca1 #bjac4