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HR 8938118th CongressFailed / ExpiredHouse

Keep Every Extra Penny Act of 2024

Policy Area: Taxation
View on Congress.gov
Origin Chamber
House
Last Updated
Oct 5, 2024
Latest Action Date
Jul 8, 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 Keep Every Extra Penny Act of 2024 (H.R. 8938) is a bill introduced in the 118th Congress, focused on the policy area of taxation. The bill was referred to the House Committee on Ways and Means on July 8, 2024. No official summary or full text of the bill is publicly available, and the bill status is recorded as Failed / Expired. Therefore, detailed provisions, objectives, or mechanisms of the bill cannot be analyzed based on the available data.

Bottom Line

H.R. 8938, the Keep Every Extra Penny Act of 2024, is a tax-related bill that was introduced but did not advance beyond committee referral and ultimately expired without further action.

Policy Risk Level
🟡 Medium
Neutral Risk Assessment
Key Points
  • The bill was introduced in the House during the 118th Congress and referred to the House Committee on Ways and Means.
  • The policy area of the bill is taxation, but no official summary or full text is available to clarify its specific provisions.
  • The bill status is marked as Failed / Expired, indicating it did not progress to a vote or enactment.
Who Benefits?

['Cannot be determined due to lack of bill text and summary.']

Potential Concerns

['Lack of publicly available bill text and summary limits understanding of implementation requirements, costs, or oversight mechanisms.', 'Without details, it is unclear what authority or enforcement provisions the bill contains.', 'The failure to advance past committee suggests potential challenges in legislative support or policy alignment.']

Political Context

The bill was introduced in the House and referred to the House Committee on Ways and Means, which handles tax legislation. The absence of further legislative action and its status as Failed / Expired indicate it did not receive sufficient support or prioritization during the 118th Congress.

Hidden Impact Review

Hidden impact flags detected: 2

GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.

2 Detected
Detected Flags
Indirect Effects

['Because the bill did not advance, no direct policy changes occurred, but its introduction may have contributed to ongoing discussions or future proposals in taxation policy.']

GovScope Watchdog Notes

The absence of an official summary and full bill text limits transparency and public understanding of the Keep Every Extra Penny Act of 2024. The bill's failure to progress beyond committee referral highlights the importance of tracking legislative status for assessing potential policy impacts. Transparency in bill documentation is essential for informed public and policymaker engagement.

Passage Likelihood: LowConfidence: 60%Model: gpt-4.1-mini

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