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H.R. 2808 115th Congress House

First Time Homeowner Savings Plan Act

Official title: To amend the Internal Revenue Code of 1986 to increase the amount that can be withdrawn without penalty from individual retirement plans as first-time homebuyer distributions.

Introduced: June 7, 2017 See on congress.gov
Taxation Employee benefits and pensionsHousing finance and home ownershipIncome tax exclusionInflation and prices
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 7, 2017
Referred to the House Committee on Ways and Means.
Jun 7, 2017
Introduced in House
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 Latest action June 7, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

First Time Homeowner Savings Plan Act

This bill amends the Internal Revenue Code to increase from $10,000 to $25,000 the maximum amount that may be withdrawn, without penalty, from a qualified retirement plan for purposes of assisting a first-time homebuyer in purchasing a principal residence. This increased distribution amount shall be adjusted annually for inflation for taxable years beginning after 2018.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2808: First Time Homeowner Savings Plan Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2808/
MLA
"H.R. 2808: First Time Homeowner Savings Plan Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2808/.
Bluebook (legal)
H.R. 2808, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2808/.
Markdown link
[H.R. 2808: First Time Homeowner Savings Plan Act](https://openamerica.io/bill/115-HR-2808/)
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