Congress·In Committee·H.R. 7707
OLYMPICS Act
New Tax on U.S. Athletes Representing Adversary Nations
Legislative Progress
House
Key Points
- This bill would create a 100% tax on any money earned by U.S. citizens or green card holders who choose to compete for countries labeled as "foreign entities of concern." This list generally includes nations like China, Russia, North Korea, and Iran.
- The tax would apply to all income from the competition, including prize money and any sponsorship deals the athlete receives for representing that country. Essentially, the U.S. government would take every dollar the athlete earns from the arrangement.
- The rule covers major international sports events like the Summer and Winter Olympics, the World Cup, Wimbledon, and the Tour de France. It also applies to any other competition where athletes represent a specific country.
- This plan aims to discourage American athletes from helping rival nations gain international prestige. By removing the financial benefit, it makes it much harder for adversarial countries to recruit talented U.S. residents to play for their national teams.
Impact Analysis
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Milestones
2 milestones2 actions
Feb 25, 2026
Referred to the House Committee on Ways and Means.
Feb 25, 2026
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
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Source Information
Document Type
Congressional Bill
Official Title
OLYMPICS Act
Bill NumberHR 7707
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.
Data Sources
Sponsor
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