3
4

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.

Read the Full Bill

Formatted TextPDFFormatted XML

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
2
Democrat Sponsors
2
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

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To amend the Internal Revenue Code of 1986 to increase the amount that can be withdrawn without penalty from individual retirement plans as first-time homebuyer distributions.
To amend the Internal Revenue Code of 1986 to increase the amount that can be withdrawn without penalty from individual retirement plans as first-time homebuyer distributions.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

Haley M. Stevens
Haley M. Stevens
MichiganDemocrat

Latest Bills

National STEM Week Act
Bill S 1070February 27, 2026
Affordable Housing Barriers Transparency Act
Bill HR 7597February 27, 2026
ASCEND Act
Bill HR 2600February 27, 2026
Homeowner Energy Freedom Act
Bill HR 4758February 27, 2026
America's National Churchill Museum National Historic Landmark Act
Bill HR 1945February 26, 2026
Wintergreen Emergency Egress Act
Bill HR 6365February 26, 2026
Improving SCRA Benefit Utilization Act
Bill HR 3159February 26, 2026
Native American Entrepreneurial Opportunity Act
Bill HR 7396February 26, 2026
Cross-Boundary Wildfire Solutions Act
Bill HR 3922February 26, 2026
Territorial Student Access to Higher Education Act
Bill HR 6472February 26, 2026