HR 8709
Homeownership Savings Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 2:57 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Homeownership Savings Act aims to encourage homeownership by allowing individuals to establish and contribute to homeownership savings accounts. These accounts would offer a tax deduction for cash contributions, with limitations based on income and the individual’s status as a first-time homebuyer. The bill also includes provisions for employer contributions, tax treatment of these accounts, and rules to prevent abuse, such as limiting contributions and ensuring the accounts are properly structured. It also includes provisions for tax treatment of distributions and employer contributions.
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