Govwatch

Introduced

In Committee

3

Passed One Chamber

4

Passed Both

5

Signed into Law

Sponsor

Jimmy Panetta

Democrat · CA · Representative

Votes with party: 93.8% (610 recorded votes)

Full profile: /officials/P000613

Source: Congress.gov · FEC

Cosponsors (36)

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.

2025-07-23

Source: Congress.gov

Committee Activity

Currently in

House Committee on Ways and MeansReferred To · 2025-07-23

Plain-English Summary

This bill would create a tax credit to help first-time homebuyers reduce the federal taxes they owe, making it easier for people buying their first home to afford the purchase. The credit would apply to individuals and families meeting certain income and home price requirements, potentially saving them thousands of dollars when they file their taxes. The proposal aims to address housing affordability challenges by putting money back in the pockets of new homeowners.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Affected Industries

Industries and interest groups with a stake in how this bill is resolved. Compare with each member's outside-money backers on their finance page.

Real EstateTaxes

Why this matters: Look up any member who voted on this bill and check their finance page — do the industries listed above match the groups funding their campaigns? That's the kind of connection this tool is built to help you find.

Subjects

Taxation

Full bill text is not yet cached locally.

Open text view Read on Congress.gov

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