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HR 6373 110th Congress House Taxation Finance and Financial Sector Home ownership Home repair and improvement Housing and Community Development Housing finance Illegal aliens Immigration Income tax Mortgages Tax deductions Tax exclusion

Responsible Investment for Home Ownership Act of 2008

Introduced: June 25, 2008 See on congress.gov
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
Jun 25, 2008
Referred to the House Committee on Ways and Means.
Jun 25, 2008
Introduced in House
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 Plain-English summary Congressional Research Service

Responsible Investment for Home Ownership Act of 2008 - Amends the Internal Revenue Code to: (1) establish tax-exempt Home Ownership Mortgage Expense Accounts; (2) allow a tax deduction for contributions to such accounts; (3) allow tax-free distributions from such accounts for the financing or remodeling of a principal residence; and (4) set forth rules for such accounts relating to prohibited transactions, rollover contributions, and account termination. Prohibits illegal aliens making tax deductible contributions to such accounts.

What's happening now June 25, 2008

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6373: Responsible Investment for Home Ownership Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-6373/
MLA
"H.R. 6373: Responsible Investment for Home Ownership Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-6373/.
Bluebook (legal)
H.R. 6373, 110th Cong. (2026), https://openamerica.io/bill/110-HR-6373/.
Markdown link
[H.R. 6373: Responsible Investment for Home Ownership Act of 2008](https://openamerica.io/bill/110-HR-6373/)
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