# 119-hr-7393: Save for Success Act

119-hr-7393, Save for Success Act, is a 119th Congress bill sponsored by Rep. Patronis, Jimmy [R-FL-1] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7393
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7393
- Congress: 119
- Title: Save for Success Act
- Status: introduced
- Introduced: 2026-02-05
- Sponsor: Rep. Patronis, Jimmy [R-FL-1] (R-FL)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Lets 529 college-savings plans pay for a first-time homebuyer's housing costs, including closing costs and mortgage payments.** This bill would add a new rule so the portion of a 529 distribution used for qualified housing expenses is treated separately from other 529 withdrawals. It defines a first-time homebuyer as an individual and, if married, that individual's spouse who had no ownership interest in a principal residence during the 3-year period ending on the purchase date. The terms "principal residence" and "purchase" use the definitions already in the tax code. The change would apply to distributions made after December 31, 2026. - Families saving in 529 plans: Would be able to use plan funds for the purchase of a primary home for the designated beneficiary, including closing costs and mortgage payments. This gives savers another permitted use for 529 balances. - First-time homebuyers: The bill uses a 3-year lookback to define who qualifies and relies on existing tax-code definitions for "principal residence" and "purchase."

## Cosponsors (2)

- Rep. Bilirakis, Gus M. [R-FL-12] (R-FL), 2026-02-05T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2026-03-25T00:00:00.000Z

## Provisions PRIA read

- Use 529 money for first home: benefit, medium. If enacted, you would be able to use part of a 529 plan withdrawal to pay qualified housing costs for the plan's beneficiary. Qualified housing costs would include purchase expenses, closing costs, and mortgage payments for the principal residence. To qualify, the beneficiary (and the spouse, if ma…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-7905: Diabetes Foot Health Access and Modernization Act of 2026
- 119-hr-4972: Create Accountable Respectful Environments (CARE) for Children Act
- 119-hr-3070: Canadian Snowbird Act
- 119-hr-3946: FIGHT Act of 2025

## Sources
- [119-hr-7393 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7393)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-7905: Diabetes Foot Health Access and Modernization Act of 2026](https://policyrisk.com/legislation/119-hr-7905)
- [119-hr-4972: Create Accountable Respectful Environments (CARE) for Children Act](https://policyrisk.com/legislation/119-hr-4972)
- [119-hr-3070: Canadian Snowbird Act](https://policyrisk.com/legislation/119-hr-3070)
- [119-hr-3946: FIGHT Act of 2025](https://policyrisk.com/legislation/119-hr-3946)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7393 (as of 2026-04-21).