# 119-hr-2748: First Time Homeowner Savings Plan Act

119-hr-2748, First Time Homeowner Savings Plan Act, is a 119th Congress bill sponsored by Rep. Stevens, Haley M. [D-MI-11] (D-MI); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2748
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2748
- Congress: 119
- Title: First Time Homeowner Savings Plan Act
- Status: introduced
- Introduced: 2025-04-08
- Sponsor: Rep. Stevens, Haley M. [D-MI-11] (D-MI)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Would increase the penalty-free retirement withdrawal limit for first-time homebuyers to $25,000.** The bill would also create an annual inflation adjustment to that limit so the cap can rise over time.

## Provisions PRIA read

- Bigger penalty-free withdrawals for first-time homebuyers: benefit, high. This bill would raise the penalty-free limit for first-time homebuyer withdrawals from retirement accounts from $10,000 to $25,000. The $25,000 cap would apply to distributions made Dec. 31, 2025, in tax years ending after that date. For tax years that begin after 2026, the limit would rise with in…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-3816: Weather Act Reauthorization Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act
- 119-hr-5089: Weather Act Reauthorization Act of 2025

## Sources
- [119-hr-2748 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2748)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-3816: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-3816)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-5089: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-5089)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2748 (as of 2025-12-21).