# 116-hr-7645: First Time Homebuyer Pandemic Savings Act

116-hr-7645, First Time Homebuyer Pandemic Savings Act, is a 116th 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/116-hr-7645
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7645
- Congress: 116
- Title: First Time Homebuyer Pandemic Savings Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-07-16
- Sponsor: Rep. Maloney, Sean Patrick [D-NY-18] (D-NY)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

First Time Homebuyer Pandemic Savings Act This bill extends for one year the exemption from the penalty for early distributions from tax-preferred retirement plans for distributions related to COVID-19 (i.e., coronavirus disease 2019). It also excludes from gross income COVID-19-related distributions which are first-time homebuyer distributions up to $25,000 in a taxable year.

## Cosponsors (2)

- Rep. Hayes, Jahana [D-CT-5] (D-CT), 2020-07-23T00:00:00.000Z
- Del. San Nicolas, Michael F. Q. [D-GU-At Large] (D-GU), 2020-08-11T00:00:00.000Z

## Related bills

- 116-hr-8433: Preventing Future Pandemics Act of 2020
- 116-hr-8402: To direct the Joint Committee on the Library to obtain a statue of Ruth Bader Ginsburg and to place the statue in the United States Capitol in National Statuar…
- 116-hr-8242: National Women’s Hall of Fame Commemorative Coin Act of 2020
- 116-hr-8150: SCHOOLS Act
- 116-hr-8042: Helping America’s Farmers Act
- 116-hr-8015: Delivering for America Act

## Sources
- [116-hr-7645 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7645)

## Related
- [116-hr-8433: Preventing Future Pandemics Act of 2020](https://policyrisk.com/legislation/116-hr-8433)
- [116-hr-8402: To direct the Joint Committee on the Library to obtain a statue of Ruth Bader G…](https://policyrisk.com/legislation/116-hr-8402)
- [116-hr-8242: National Women’s Hall of Fame Commemorative Coin Act of 2020](https://policyrisk.com/legislation/116-hr-8242)
- [116-hr-8150: SCHOOLS Act](https://policyrisk.com/legislation/116-hr-8150)
- [116-hr-8042: Helping America’s Farmers Act](https://policyrisk.com/legislation/116-hr-8042)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7645 (as of 2025-11-18).