# 119-s-5227: First-Time Home Buyer Empowerment Act

119-s-5227, First-Time Home Buyer Empowerment Act, is a 119th Congress bill sponsored by Sen. Husted, Jon [R-OH] (R-OH); status introduced; PRIA reads it as touching household money (as of 2026-08-15).

- Canonical: https://policyrisk.com/legislation/119-s-5227
- As of: 2026-08-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5227
- Congress: 119
- Title: First-Time Home Buyer Empowerment Act
- Status: introduced
- Introduced: 2026-08-04
- Sponsor: Sen. Husted, Jon [R-OH] (R-OH)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-08-15

## Summary

**This bill would let some money in a long‑held 529 college savings account be used to buy a first home, creating a limited tax‑favored path from college savings to house purchases.** It shields a portion of original contributions plus earnings from the usual 529 nonqualified withdrawal rules when strict timing, holding, and dollar limits are met. - First‑time homebuyers: A designated beneficiary could tap 529 funds for a principal residence after the account has been in a qualified tuition program for 15 years. The special withdrawal is capped so a beneficiary’s lifetime use under this rule and a related rollover rule cannot exceed $35,000. - Account rules and safeguards: The special rule applies only to the original beneficiary or a same or younger generation successor. Withdrawals must be used within 60 days of distribution, with a 120‑day extension and rollover to another 529 or ABLE account allowed for purchase delays. If the home is sold or stops being the principal residence within 5 years a partial tax recapture applies, reduced by 20 percent for each full year since purchase. - Tax coordination: The bill adjusts the Roth IRA rollover limits so the same $35,000 cap applies and prevents double counting of these tax‑favored distributions.

## Cosponsors (1)

- Sen. Bennet, Michael F. [D-CO] (D-CO), 2026-08-04T00:00:00.000Z

## Provisions PRIA read

- Use 529 savings for first home: mixed, high. If enacted, this bill would let you use part of a 529 college-savings account to buy your first principal residence. You would have to be the account's designated beneficiary and the account must have been maintained at least 15 years. The eligible amount would be limited to contributions (and earn…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-963: Space National Guard Establishment Act of 2025
- 119-s-3513: Decreasing Russian Oil Profits Act of 2025

## Sources
- [119-s-5227 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5227)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-963: Space National Guard Establishment Act of 2025](https://policyrisk.com/legislation/119-s-963)
- [119-s-3513: Decreasing Russian Oil Profits Act of 2025](https://policyrisk.com/legislation/119-s-3513)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5227 (as of 2026-08-15).