# 119-hr-7468: First-Time Home Buyer Empowerment Act

119-hr-7468, First-Time Home Buyer Empowerment Act, is a 119th Congress bill sponsored by Rep. Mann, Tracey [R-KS-1] (R-KS); status introduced; PRIA reads it as touching household money (as of 2026-08-15).

- Canonical: https://policyrisk.com/legislation/119-hr-7468
- As of: 2026-08-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7468
- Congress: 119
- Title: First-Time Home Buyer Empowerment Act
- Status: introduced
- Introduced: 2026-02-10
- Sponsor: Rep. Mann, Tracey [R-KS-1] (R-KS)
- Cosponsors: 10
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-08-15

## Summary

**Allows certain 529 plan distributions to pay for a first-time principal residence purchase.** It creates a new special rule letting a designated beneficiary tap long-held 529 funds for a first home under specific age, timing, and dollar limits.

## Cosponsors (10)

- Rep. Correa, J. Luis [D-CA-46] (D-CA), 2026-02-10T00:00:00.000Z
- Rep. Alford, Mark [R-MO-4] (R-MO), 2026-02-10T00:00:00.000Z
- Rep. Barrett, Tom [R-MI-7] (R-MI), 2026-02-10T00:00:00.000Z
- Del. Moylan, James C. [R-GU-At Large] (R-GU), 2026-02-10T00:00:00.000Z
- Rep. McGuire, John J. [R-VA-5] (R-VA), 2026-02-10T00:00:00.000Z
- Rep. Fulcher, Russ [R-ID-1] (R-ID), 2026-02-10T00:00:00.000Z
- Rep. Davids, Sharice [D-KS-3] (D-KS), 2026-02-10T00:00:00.000Z
- Rep. Mace, Nancy [R-SC-1] (R-SC), 2026-02-10T00:00:00.000Z
- Rep. Bost, Mike [R-IL-12] (R-IL), 2026-02-10T00:00:00.000Z
- Rep. Baird, James R. [R-IN-4] (R-IN), 2026-02-20T00:00:00.000Z

## Provisions PRIA read

- Use 529 Funds For First Home: mixed, high. You would be able to use part of a 529 college savings account to buy your first principal residence without the usual tax or penalty. To qualify, the 529 plan must have been maintained for at least 15 years, and the exempt portion cannot exceed contributions (and earnings attributable to them) mad…

## Related bills

- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-2102: Major Richard Star Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-1502: North Platte Canteen Congressional Gold Medal Act
- 119-hr-4398: Veteran Burial Timeliness and Death Certificate Accountability Act
- 119-hr-6130: ASAP Act

## Sources
- [119-hr-7468 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7468)

## Related
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-1502: North Platte Canteen Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1502)
- [119-hr-4398: Veteran Burial Timeliness and Death Certificate Accountability Act](https://policyrisk.com/legislation/119-hr-4398)
- [119-hr-6130: ASAP Act](https://policyrisk.com/legislation/119-hr-6130)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7468 (as of 2026-08-15).