This question will resolve to TRUE if the final version of the bill includes a cap on deductions for gambling losses at any level below 100%. This will resolve NO if the Bill does not pass in 2025 or if the Bill passes allowing 100% deductions for wagering losses.

The Senate version of the bill includes the below:

SEC. 70114. EXTENSION AND MODIFICATION OF LIMITATION ON WAGERING 
              LOSSES.

    (a) In General.--Section 165 is amended by striking subsection (d) 
and inserting the following:
    ``(d) Wagering Losses.--
            ``(1) In general.--For purposes of losses from wagering 
        transactions, the amount allowed as a deduction for any taxable 
        year--
                    ``(A) shall be equal to 90 percent of the amount of 
                such losses during such taxable year, and
                    ``(B) shall be allowed only to the extent of the 
                gains from such transactions during such taxable year.
            ``(2) Special rule.--For purposes of paragraph (1), the 
        term `losses from wagering transactions' includes any deduction 
        otherwise allowable under this chapter incurred in carrying on 
        any wagering transaction.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.