# 114-hr-4114: First Time Homeowner Savings Plan Act

114-hr-4114, First Time Homeowner Savings Plan Act, is a 114th Congress bill sponsored by Rep. Maloney, Sean Patrick [D-NY-18] (D-NY); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4114
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-4114
- Congress: 114
- Title: First Time Homeowner Savings Plan Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2015-11-19
- Sponsor: Rep. Maloney, Sean Patrick [D-NY-18] (D-NY)
- Cosponsors: 9
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

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Plan Act This bill amends the Internal Revenue Code to increase from $10,000 to $25,000 the maximum amount that may be withdrawn, without penalty, from a qualified retirement plan for purposes of assisting a first-time homebuyer in purchasing a principal residence.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 2015.

## Cosponsors (9)

- Rep. Renacci, James B. [R-OH-16] (R-OH), 2015-11-19T00:00:00.000Z
- Rep. Coffman, Mike [R-CO-6] (R-CO), 2015-11-19T00:00:00.000Z
- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2015-11-19T00:00:00.000Z
- Rep. Carney, John C., Jr. [D-DE-At Large] (D-DE), 2016-01-25T00:00:00.000Z
- Rep. Bishop, Mike [R-MI-8] (R-MI), 2016-01-25T00:00:00.000Z
- Rep. Costello, Ryan A. [R-PA-6] (R-PA), 2016-01-25T00:00:00.000Z
- Rep. Heck, Joseph J. [R-NV-3] (R-NV), 2016-02-04T00:00:00.000Z
- Rep. Bera, Ami [D-CA-6] (D-CA), 2016-04-27T00:00:00.000Z
- Rep. Kuster, Ann M. [D-NH-2] (D-NH), 2016-07-05T00:00:00.000Z

## Related bills

- 114-hr-2992: Merchant Marine of World War II Congressional Gold Medal Act
- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…
- 114-hr-2722: Breast Cancer Awareness Commemorative Coin Act
- 114-hr-1624: Protecting Affordable Coverage for Employees Act
- 114-hr-160: Protect Medical Innovation Act of 2015
- 114-hr-3929: Office of Strategic Services Congressional Gold Medal Act

## Sources
- [114-hr-4114 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4114)

## Related
- [114-hr-2992: Merchant Marine of World War II Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-2992)
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [114-hr-2722: Breast Cancer Awareness Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-2722)
- [114-hr-1624: Protecting Affordable Coverage for Employees Act](https://policyrisk.com/legislation/114-hr-1624)
- [114-hr-160: Protect Medical Innovation Act of 2015](https://policyrisk.com/legislation/114-hr-160)
- [114-hr-3929: Office of Strategic Services Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-3929)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4114 (as of 2025-11-18).