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HR 5776 110th Congress House Taxation Housing and Community Development Housing finance Income tax Individual retirement accounts Labor and Employment Mortgages Pension funds Tax exclusion Tax penalties

Homeowner Empowerment Act of 2008

Introduced: April 10, 2008 See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 10, 2008
Referred to the House Committee on Ways and Means.
Apr 10, 2008
Introduced in House
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 Plain-English summary Congressional Research Service

Homeowner Empowerment Act of 2008 - Amends the Internal Revenue Code to: (1) exclude from gross income distributions from individual retirement plans and other qualified retirement plans for payments on the mortgage of a taxpayer's principal residence; (2) require repayments of amounts distributed from such retirement plans over a 12-year period; and (3) waive the 10% penalty on premature distributions from retirement plans for distributions used to pay a mortgage.

What's happening now April 10, 2008

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Latta, Robert E.
Ohio · May 19, 2008
 R
Wittman, Robert J.
Virginia · Apr 17, 2008
 R
Blackburn, Marsha
Tennessee · Apr 10, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5776: Homeowner Empowerment Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-5776/
MLA
"H.R. 5776: Homeowner Empowerment Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-5776/.
Bluebook (legal)
H.R. 5776, 110th Cong. (2026), https://openamerica.io/bill/110-HR-5776/.
Markdown link
[H.R. 5776: Homeowner Empowerment Act of 2008](https://openamerica.io/bill/110-HR-5776/)
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