Congress proposes raising penalty-free retirement withdrawals for first-time homebuyers to $50,000
A senate committee must act next: committee consideration.
No action since September 2025
This bill’s path across every version that has carried it.
Reintroduced
Reintroduced from H.R. 1052 (118th), which died when its Congress ended.
H.R. 1052 (118th) →How this policy affects specific groups of people
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Coverage of the Uplifting First-Time Homebuyers Act proposal to raise IRA penalty-free first-home distributions from $10,000 to $50,000, summarizing current-law rules and noting House and Senate introductions.
Announcement of S.2867 describing the proposal to increase the IRA first-time homebuyer penalty-free withdrawal cap to $50,000 and listing supporting organizations.
Article on S.2867 describing the $50,000 IRA penalty-free distribution proposal for first-time homebuyers and quoting statements from the senators.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Uplifting First-Time Homebuyers Act of 2025
Analysis generated by AI. Always verify with official sources.