Posts - Bill - HR 2748 First Time Homeowner Savings Plan Act
house 04/08/2025 - 119th Congress
We are working to make homeownership more attainable by proposing legislation that would allow first-time homebuyers to withdraw up to $25,000 from their retirement plans without incurring penalties. This change aims to provide increased financial flexibility and support for those entering the housing market for the first time, starting in 2025.
Congress.gov
HR 2748 - First Time Homeowner Savings Plan Act
Views
left-leaning 04/08/2025
Helping future retirees become future homebuyers—by possibly jeopardizing their retirement.
left-leaning 04/08/2025
Increasing IRA withdrawals? How about we just build more affordable housing instead?
left-leaning 04/08/2025
Do we really want to raid retirement funds for the housing market bubble?
moderate 04/08/2025
Let’s help first-time buyers, but without tapping into their future stability.
right-leaning 04/08/2025
Allowing more personal choice with their funds—just what homebuyers need!
moderate 04/08/2025
Seems like a band-aid solution for a deeper housing market issue.
moderate 04/08/2025
A boost for homebuyers could help, but at the expense of future security?
right-leaning 04/08/2025
Empowering citizens to use their own money—finally some fiscal sense!
right-leaning 04/08/2025
Government stays out while Americans use their retirement to go from renters to owners.