NEST Act

Hozzl · 2026-02-13T18:14:01Z

Explore the details of House Bill 7422 NEST Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

2/13/2026, 6:14 PM

Summary of Bill HR 7422

This bill, known as H.R. 7422 in the 119th Congress, aims to modify the Internal Revenue Code of 1986 to permit the creation of first-time homebuyer savings accounts. Introduced on February 9, 2026, the bill's primary focus is on enabling individuals to set up accounts specifically designated for saving towards their first home purchase.

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Current Status of Bill HR 7422

Bill HR 7422 is currently in the status of Bill Introduced since February 9, 2026. Bill HR 7422 was introduced during Congress 119 and was introduced to the House on February 9, 2026. Bill HR 7422's most recent activity was Referred to the House Committee on Ways and Means. as of February 9, 2026

Bipartisan Support of Bill HR 7422

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7422

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 7422

To amend the Internal Revenue Code of 1986 to allow the establishment of first-time homebuyer savings accounts.

Comments

Forest Meadows

908

4 months ago

I dunno much about this NEST Act thing, but it sounds like it could be a big deal. I hope it doesn't mess things up too much for us regular folks. #confused #bigpicture