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First-Time Homebuyer Savings Act of 2026

4/15/2026, 1:37 AM

Summary of Bill HR 8221

The bill "To amend the Internal Revenue Code of 1986 to establish first-time homebuyer savings accounts" was introduced in the 119th Congress as H.R. 8221 on April 9, 2026. The purpose of the bill is to create first-time homebuyer savings accounts through amendments to the Internal Revenue Code of 1986, facilitating savings for individuals looking to purchase their first home.

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Current Status of Bill HR 8221

Bill HR 8221 is currently in the status of Bill Introduced since April 9, 2026. Bill HR 8221 was introduced during Congress 119 and was introduced to the House on April 9, 2026.  Bill HR 8221's most recent activity was Referred to the House Committee on Ways and Means. as of April 9, 2026

Bipartisan Support of Bill HR 8221

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 8221

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 8221

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

Comments

Sponsors and Cosponsors of HR 8221

Nancy Mace
Nancy Mace
South CarolinaRepublican

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