First Time Homeowner Savings Plan Act

Hozzl · 2025-04-18T05:23:17Z

Explore the details of House Bill 2748 First Time Homeowner Savings Plan Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

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

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Total Number of Cosponsors

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Policy 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To amend the Internal Revenue Code of 1986 to increase the amount that can be withdrawn without penalty from individual retirement plans as first-time homebuyer distributions.