,i #aaith ,,congress #ast ,session ,h4 ,r4 #dfcj ,,in ,,the ,,house ,,of ,,representatives ,july #bc1 #bjbe,mr4 ,barr introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to restore wagering loss limitation rules4 #a4 ,short title ,this ,act may be cited as the ,winnings ,and ,gains ,expense ,restoration ,act of #bjbe or the ,,wager ,act of #bjbe4 #b4 ,limitation on wagering losses 7a7 ,in general ,section #afe7;d77#a7 of the ,internal ,revenue ,code of #aihf 7as amended by the ,act entitled an ,act to provide for reconciliation pursuant to title ,,ii of ,h4 ,con4 ,res4 #ad4 7#aaith ,congress77 is amended by striking for any taxable year and all that follows through shall be allowed and inserting for any taxable year shall be allowed4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjbe4