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Unlocking Homeownership Act

2/23/2026, 4:28 PM

Summary of Bill HR 7402

The bill titled "To amend the Internal Revenue Code of 1986 to allow distributions from qualified tuition programs for first home purchases, and for other purposes" was introduced in the 119th Congress as H.R. 7402 on February 5, 2026.

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Current Status of Bill HR 7402

Bill HR 7402 is currently in the status of Bill Introduced since February 5, 2026. Bill HR 7402 was introduced during Congress 119 and was introduced to the House on February 5, 2026.  Bill HR 7402's most recent activity was Referred to the House Committee on Ways and Means. as of February 5, 2026

Bipartisan Support of Bill HR 7402

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
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 7402

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 7402

To amend the Internal Revenue Code of 1986 to allow distributions from qualified tuition programs for first home purchases, and for other purposes.
To amend the Internal Revenue Code of 1986 to allow distributions from qualified tuition programs for first home purchases, and for other purposes.

Comments

Aylin Lamm profile image

Aylin Lamm

1,084

6 months ago

I'm all for this bill, it's about time they did something useful for a change. It's gonna help a lot of people out, including me. Can't wait to see how this all plays out. #HRBill7402 #UnitedStates #politics

Lilianna Gunter profile image

Lilianna Gunter

1,024

5 months ago

I'm so excited about this new bill! It's gonna help so many people like me finally own a home. But who really benefits from it?

Sponsors and Cosponsors of HR 7402

Tim Moore
Tim Moore
North CarolinaIndependent

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