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First Time Homeowner Savings Plan Act
4/18/2025, 5:23 AM
Summary of Bill HR 2748
The First Time Homeowner Savings Plan Act, introduced in the 119th Congress on April 8, 2025, aims to provide provisions for first-time homebuyers to save towards home purchases. The bill likely includes directives related to tax incentives or savings mechanisms to assist individuals in accumulating funds for homeownership. Additional details about specific provisions or actions proposed in the bill can be found in the official PDF version linked at https://www.congress.gov/119/bills/hr2748/BILLS-119hr2748ih.pdf.
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Current Status of Bill HR 2748
Bill HR 2748 is currently in the status of Bill Introduced since April 8, 2025. Bill HR 2748 was introduced during Congress 119 and was introduced to the House on April 8, 2025. Bill HR 2748's most recent activity was Referred to the House Committee on Ways and Means. as of April 8, 2025
Bipartisan Support of Bill HR 2748
Total Number of Sponsors
2Democrat Sponsors
2Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 2748
Primary Policy Focus
Alternate Title(s) of Bill HR 2748
To amend the Internal Revenue Code of 1986 to increase the amount that can be withdrawn without penalty from individual retirement plans as first-time homebuyer distributions.
To amend the Internal Revenue Code of 1986 to increase the amount that can be withdrawn without penalty from individual retirement plans as first-time homebuyer distributions.
Comments
Sponsors and Cosponsors of HR 2748
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