H.R. 7185 119th Congress House

Home Savings Act

Official title: To amend the Internal Revenue Code of 1986 to exclude from gross income certain retirement plan distributions used for a down payment or closing costs for a pr… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to exclude from gross income certain retirement plan distributions used for a down payment or closing costs for a principal residence, and for other purposes.

Introduced: January 21, 2026 Introduced by: John J. McGuire III Republican · Virginia See on congress.gov

Taxation

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 21, 2026

Introduced in House

Jan 21, 2026

Referred to the House Committee on Ways and Means.

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What's happening now January 21, 2026

Referred to the House Committee on Ways and Means.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

Lobbying activity 10

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

NATIONAL ASSOCIATION OF REALTORS
for NATIONAL ASSOCIATION OF REALTORS · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
AMERICAN COUNCIL OF LIFE INSURERS
for AMERICAN COUNCIL OF LIFE INSURERS · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
PACIFIC LIFE INSURANCE COMPANY
for PACIFIC LIFE INSURANCE COMPANY · California · 2nd Quarter 2026 (Apr 1 - June 30)
NATIONAL ASSOCIATION OF REALTORS
for NATIONAL ASSOCIATION OF REALTORS · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
AMERICAN COUNCIL OF LIFE INSURERS
for AMERICAN COUNCIL OF LIFE INSURERS · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
AMERICAN COUNCIL OF LIFE INSURERS
for AMERICAN COUNCIL OF LIFE INSURERS · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
10 filings
SENATE
10 filings
Labor, Dept of (DOL)
5 filings
Treasury, Dept of
5 filings
Agriculture, Dept of (USDA)
3 filings
Environmental Protection Agency (EPA)
3 filings
Federal Emergency Management Agency (FEMA)
3 filings
Federal Housing Finance Agency (FHFA)
3 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 10 filings →

Cosponsors 5

Van Drew, Jefferson

New Jersey · Apr 9, 2026

Crank, Jeff

Colorado · Feb 23, 2026

Harrigan, Pat

North Carolina · Feb 20, 2026

Collins, Mike

Georgia · Feb 11, 2026

Weber, Randy K. Sr.

Texas · Jan 30, 2026

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 7185: Home Savings Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-7185/

MLA

"H.R. 7185: Home Savings Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-7185/.

Bluebook (legal)

H.R. 7185, 119th Cong. (2026), https://openamerica.io/bill/119-HR-7185/.

Markdown link

[H.R. 7185: Home Savings Act](https://openamerica.io/bill/119-HR-7185/)