Members of the House of Representatives introduced legislation Monday to eliminate taxes due on medals won by U.S. Olympic and Paralympic athletes in Rio De Janeiro.

Under current law, victorious athletes owe taxes on both the prize money awarded by the U.S. Olympic Committee and on the value of the gold, silver or bronze in the medals themselves.

But the bill introduced by Bob Dold, R-Ill., and Robert Farenthold, R-Tenn., would exempt those winnings from taxable gains, including retroactively for the Rio games.

In a statement, House Ways and Means Chairman Kevin Brady said he aimed to move the bill through his panel when Congress returns from recess. "It seems like a small thing, but when America's Olympians and Paralympians bring home the gold, our nation should congratulate them — not send the IRS to claim a share of their medal," the Texas Republican said.

The Senate has already passed similar legislation.