H.R. 5078 · 117th Congress
First Time Homeowner Savings Plan Act
- Stage
- In committee
- Sponsor
- Sean Maloney
- Introduced
- 2021-08-23
- Latest action
- 2021-08-23 · Introduced in House
Summary
First Time Homeowner Savings Plan Act
This bill increases from $10,000 to $25,000 the aggregate amount a taxpayer may withdraw, without penalty, from a tax-exempt retirement plan as a first-time homebuyer distribution.