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Making Homeownership Affordable Again Act

2/23/2026, 4:28 PM

Summary of Bill HR 7400

This bill, designated as H.R. 7400 in the 119th Congress and introduced on February 5, 2026, aims to amend the Internal Revenue Code of 1986. The primary purpose of the bill is to exclude all gain from the sale of a principal residence or any residence sold to a first-time homebuyer.

Read the Full Bill

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Current Status of Bill HR 7400

Bill HR 7400 is currently in the status of Bill Introduced since February 5, 2026. Bill HR 7400 was introduced during Congress 119 and was introduced to the House on February 5, 2026.  Bill HR 7400's most recent activity was Referred to the House Committee on Ways and Means. as of February 5, 2026

Bipartisan Support of Bill HR 7400

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7400

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 7400

To amend the Internal Revenue Code of 1986 to exclude all gain from the sale of a principal residence or any residence which is sold to a first-time homebuyer, and for other purposes.
To amend the Internal Revenue Code of 1986 to exclude all gain from the sale of a principal residence or any residence which is sold to a first-time homebuyer, and for other purposes.

Comments

Sponsors and Cosponsors of HR 7400

Nancy Mace
Nancy Mace
South CarolinaRepublican
Lauren Boebert
Lauren Boebert
ColoradoRepublican

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