HR10075Referred to Committee

First-Time Homebuyer Affordability Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-08-10
Introduced
3
Cosponsors
HR
ⓘ
Type

Sponsor

Darin LaHood
Darin LaHood
Republican · IL · Representative
Votes with party: 98.5% (604 recorded votes)

Full profile: /officials/L000585

Source: Congress.gov · FEC

Cosponsors (3)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-08-10

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Plain-English summary pending. Introduced on 2026-08-10. Check back soon — summaries are generated as bills progress through Congress.

Subjects

Taxation

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 10075 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 10075 To amend the Internal Revenue Code of 1986 to exempt qualified mortgage bonds from the volume cap, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 10, 2026 Mr. LaHood (for himself, Mr. Panetta, Mr. Moore of Utah, and Mr. Suozzi) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exempt qualified mortgage bonds from the volume cap, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``First-Time Homebuyer Affordability Act''. SEC. 2. QUALIFIED MORTGAGE BONDS EXEMPT FROM VOLUME CAP. (a) In General.--Section 146(g) of the Internal Revenue Code of 1986 is amended by redesignating paragraphs (1) through (6) as paragraphs (2) through (7), respectively, and by inserting before paragraph (2) the following new paragraph: ``(1) any qualified mortgage bond,''. (b) Conforming Amendment.--Section 146(g) of such Code, as amended by subsection (a), is amended by striking ``Paragraphs (4) and (5)'' in the last sentence and inserting ``Paragraphs (5) and (6)''. (c) Effective Date.--The amendments made by this section shall apply to obligations issued after the date of the enactment of this Act. <all>
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