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S 5227·Federal·senate

First-Time Home Buyer Empowerment Act

In CommitteeFiled Aug 4, 2026
Sponsor: Sen. Husted, Jon [R-OH] (R)
Latest Action

Read twice and referred to the Committee on Finance.

Aug 4, 2026

Summary

The bill would change the Internal Revenue Code so that individuals can take certain distributions from long‑term qualified tuition programs to buy their first home, and for other purposes. It would affect owners of these tuition programs by expanding the ways they can use the saved funds. The measure has been read twice and sent to the Senate Finance Committee.

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