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HR 2308 107th Congress House Taxation Excise tax Families Grandparents Home equity loans Home ownership Housing and Community Development Housing finance Individual retirement accounts Labor and Employment Law Parents Pension funds Tax penalties Tax-deferred compensation plans Trusts and trustees

First-time Homebuyer Down Payment Assistance Act

Introduced: June 25, 2001 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2001
Referred to the House Committee on Ways and Means.
Jun 25, 2001
Introduced in House
 Plain-English summary Congressional Research Service
First-time Homebuyer Down Payment Assistance Act - Amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to exempt from prohibited transaction rules any home equity participation arrangement under which the trustee of a qualified plan, at the direction of the eligible participant, shall acquire an ownership interest (not to exceed $10,000, and repayable in full upon resale or other transfer) in any dwelling unit which within a reasonable period of time is to be used as the principal residence for a first-time homebuyer.
What's happening now June 25, 2001

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2