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HR 10004118th CongressFailed / ExpiredHouse

FLOAT Act of 2024

Policy Area: Taxation
View on Congress.gov
Origin Chamber
House
Last Updated
Aug 6, 2025
Latest Action Date
Oct 18, 2024

Latest Action

Referred to the House Committee on Ways and Means.

Official Summary

Official summary has not been imported yet.

GovScope Watchdog™

AI Government Intelligence™
Executive Summary

The FLOAT Act of 2024 is a House bill introduced in the 118th Congress related to taxation. The bill was referred to the House Committee on Ways and Means but did not advance further and ultimately failed or expired. No official summary or full text is available, limiting detailed analysis of its provisions or intended changes to tax policy.

Bottom Line

The FLOAT Act of 2024 was a tax-related bill introduced in the House but did not progress beyond committee referral and expired without enactment.

Policy Risk Level
🟢 Low
Neutral Risk Assessment
Key Points
  • The bill is titled FLOAT Act of 2024 and was introduced in the House of Representatives during the 118th Congress.
  • It pertains to the policy area of taxation.
  • The latest recorded action was referral to the House Committee on Ways and Means on October 18, 2024.
  • The bill status is listed as Failed / Expired, indicating it did not become law.
  • No official summary or full text is publicly available, limiting detailed content analysis.
Who Benefits?

Due to the absence of bill text and summary, it is not possible to identify specific beneficiaries such as individuals, agencies, or sectors.

Potential Concerns

Without the full text or summary, potential concerns related to implementation, cost, authority, or oversight cannot be determined. The failure to advance may reflect procedural or substantive issues not publicly documented.

Political Context

The bill was introduced in the House and referred to the Ways and Means Committee, which handles tax legislation. Its failure to progress suggests it did not gain sufficient support or priority within the committee or broader legislative agenda during the 118th Congress.

Hidden Impact Review

Hidden impact flags detected: 1

GovScope reviewed 1 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.

1 Detected
Detected Flags
Indirect Effects

Due to lack of detailed content, indirect effects cannot be identified or analyzed.

GovScope Watchdog Notes

The absence of publicly available bill text and summary restricts transparency and limits the ability of stakeholders to evaluate the bill's provisions, potential impacts, and oversight needs. This highlights the importance of timely and complete disclosure of legislative documents for public accountability.

Passage Likelihood: LowConfidence: 40%Model: gpt-4.1-mini

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