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Uplifting First-Time Homebuyers Act of 2025

6/13/2025, 8:06 AM

Summary of Bill HR 3526

H.R. 3526, introduced in the 119th Congress on May 20, 2025, aims to amend the Internal Revenue Code of 1986 to raise the restriction on qualified first-time homebuyer distributions and address additional purposes.

Current Status of Bill HR 3526

Bill HR 3526 is currently in the status of Bill Introduced since May 20, 2025. Bill HR 3526 was introduced during Congress 119 and was introduced to the House on May 20, 2025.  Bill HR 3526's most recent activity was Referred to the House Committee on Ways and Means. as of May 20, 2025

Bipartisan Support of Bill HR 3526

Total Number of Sponsors
8
Democrat Sponsors
0
Republican Sponsors
8
Unaffiliated Sponsors
0
Total Number of Cosponsors
33
Democrat Cosponsors
18
Republican Cosponsors
15
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3526

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 3526

To amend the Internal Revenue Code of 1986 to increase the limitation on qualified first-time homebuyer distributions, and for other purposes.
To amend the Internal Revenue Code of 1986 to increase the limitation on qualified first-time homebuyer distributions, and for other purposes.

Comments

Jream Knowles profile image

Jream Knowles

633

8 months ago

I can't believe this new bill, it's just not right. It's going to mess everything up for us. I don't know how they think this is going to help anyone. It's going to make things worse, mark my words. Short term, this is going to be a disaster.

Kaylani Cochran profile image

Kaylani Cochran

600

8 months ago

Why does this bill make it harder for folks like me in WV to buy a home? Who does this really help? #confused #HR3526