Congressman Andy Barr introduced the WAGER Act, aimed at enhancing the equine industry by allowing full deduction of wagering losses.
Quiver AI Summary
Congressman Andy Barr has introduced the Winnings and Gains Expense Restoration (WAGER) Act of 2025, allowing wagerers to deduct 100% of their legitimate wagering losses from winnings. Barr stated, "Restoring full deductibility of wagering losses will help the thoroughbred horse racing industry maximize economic value."
Supporters include Damon Thayer and Shannon Arvin, who highlighted the importance of horseplayers to the economy. The National Thoroughbred Racing Association emphasized the need for fair taxation, noting that "Thoroughbred racing is built on horseplayers."
This bill aims to reinforce the financial viability of Kentucky's horse racing industry, which has seen growth in live handle since 2020, benefiting over 33,000 local jobs.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Andy Barr Net Worth
Quiver Quantitative estimates that Andy Barr is worth $2.2M, as of July 25th, 2025. This is the 215th highest net worth in Congress, per our live estimates.
Barr has approximately $146.4K invested in publicly traded assets which Quiver is able to track live.
You can track Andy Barr's net worth on Quiver Quantitative's politician page for Barr.
Andy Barr Bill Proposals
Here are some bills which have recently been proposed by Andy Barr:
- H.R.4630: To amend the Internal Revenue Code of 1986 to restore wagering loss limitation rules.
- H.R.4363: Defend Girls Athletics Act
- H.R.3673: Small Business Investor Capital Access Act
- H.R.3484: Business Owners Protection Act of 2025
- H.R.3230: Financial Institution Regulatory Tailoring Enhancement Act
- H.R.3135: RACE Act of 2025
You can track bills proposed by Andy Barr on Quiver Quantitative's politician page for Barr.
Andy Barr Fundraising
Andy Barr recently disclosed $1.1M of fundraising in a Q2 FEC disclosure filed on July 14th, 2025. This was the 35th most from all Q2 reports we have seen this year. 68.2% came from individual donors.
Barr disclosed $657.9K of spending. This was the 59th most from all Q2 reports we have seen from politicians so far this year.
Barr disclosed $6.1M of cash on hand at the end of the filing period. This was the 37th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Andy Barr's fundraising on Quiver Quantitative.
