# 119-hr-7051: American Dream Act

119-hr-7051, American Dream Act, is a 119th Congress bill sponsored by Rep. McGuire, John J. [R-VA-5] (R-VA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7051
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7051
- Congress: 119
- Title: American Dream Act
- Status: introduced
- Introduced: 2026-01-14
- Sponsor: Rep. McGuire, John J. [R-VA-5] (R-VA)
- Cosponsors: 12
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Tax-free gain for seniors selling to first-time homebuyers.** This bill would add section 121A to the tax code to exclude gain from the sale of real property when the seller is an individual (or both spouses on a joint return) who is age 65 or older and the buyer is a first-time homebuyer who will use the property as their principal residence. The exclusion would apply only to sales of $500,000 or less and would require the buyer to sign a statement under penalty of perjury at closing that they are a first-time homebuyer. It would apply to sales after December 31, 2026 and would not apply to sales after December 31, 2031. Section 121 would not apply to sales covered by section 121A.

## Cosponsors (12)

- Rep. Barrett, Tom [R-MI-7] (R-MI), 2026-01-14T00:00:00.000Z
- Rep. Stauber, Pete [R-MN-8] (R-MN), 2026-01-14T00:00:00.000Z
- Rep. Stutzman, Marlin A. [R-IN-3] (R-IN), 2026-01-14T00:00:00.000Z
- Rep. Schmidt, Derek [R-KS-2] (R-KS), 2026-01-14T00:00:00.000Z
- Rep. Mackenzie, Ryan [R-PA-7] (R-PA), 2026-01-14T00:00:00.000Z
- Rep. Hamadeh, Abraham J. [R-AZ-8] (R-AZ), 2026-01-14T00:00:00.000Z
- Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA), 2026-01-14T00:00:00.000Z
- Rep. Cammack, Kat [R-FL-3] (R-FL), 2026-01-14T00:00:00.000Z
- Rep. Messmer, Mark B. [R-IN-8] (R-IN), 2026-01-15T00:00:00.000Z
- Rep. Hurd, Jeff [R-CO-3] (R-CO), 2026-01-21T00:00:00.000Z
- Rep. Shreve, Jefferson [R-IN-6] (R-IN), 2026-02-03T00:00:00.000Z
- Rep. Kennedy, Mike [R-UT-3] (R-UT), 2026-04-27T00:00:00.000Z

## Provisions PRIA read

- Tax-free home sale for seniors: benefit, high. This bill would let you exclude gain from the sale of real property from your taxable income if you (or your spouse on a joint return) are age 65 or older on the sale date. The buyer must be a first-time homebuyer who will use the property as their principal residence and must sign a closing statem…

## Related bills

- 119-hr-425: Repealing Big Brother Overreach Act
- 119-hr-740: Veterans’ ACCESS Act of 2025
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-2102: Major Richard Star Act
- 119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025
- 119-hres-719: Honoring the life and legacy of Charles Charlie James Kirk.

## Sources
- [119-hr-7051 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7051)

## Related
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [119-hr-740: Veterans’ ACCESS Act of 2025](https://policyrisk.com/legislation/119-hr-740)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025](https://policyrisk.com/legislation/119-hr-38)
- [119-hres-719: Honoring the life and legacy of Charles Charlie James Kirk.](https://policyrisk.com/legislation/119-hres-719)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7051 (as of 2026-09-21).