← My Government dashboard

Government Watch

Dossier Legislative introduced 29-oct-2026
Bill introduced in Congress — not yet passed by either chamber, and not law.

To amend the Internal Revenue Code of 1986 to exclude from gross income certain retirement plan distributions used for a down payment or closing costs for a principal residence, and for other purposes.

Key claim: This House bill would let people take money from a retirement plan for a down payment or closing costs on a primary home without counting that withdrawal as taxable income.

Abstract

(HR10944 · 119th Congress) Latest action (2026-10-29): Referred to the House Committee on Ways and Means.

Why this matters

Down payment and closing costs are a primary barrier to homeownership, and retirement accounts are often the largest liquid asset available to would-be buyers. Making such withdrawals nontaxable would shift the trade-off between retirement savings and home purchase, with implications for buyers (lower effective purchase cost), lenders (potentially expanded qualifying buyer pool), and long-term retirement security policy.

Source

Link

Briefing card

To amend the Internal Revenue Code of 1986 to exclude from gross income certain retirement plan distributions used for a down payment or closing costs for a principal residence, and for other purposes.
Stage: introduced · congress · 29-oct-2026

If you tap a retirement plan to cover a down payment or closing costs on your primary home, this bill — if enacted — would let you exclude that withdrawal from taxable income.

This House bill would let people take money from a retirement plan for a down payment or closing costs on a primary home without counting that withdrawal as taxable income.

Cross-references (0)

None recorded — doctrine links and citations appear here as scans and citation sweeps find them.

Externo: congress:119-hr-10944:introduced

Ask about this finding

Replies are grounded in the abstract and metadata above. The model will quote directly when possible and say so if a question isn't covered.

Stages other doctrine resolution introduced proposed rule passed chamber executive action final rule enacted district opinion circuit opinion opinion

Subscribe: calendar of upcoming dates · deadlines feed · all new records

build build 600 · dacf81d · 2026-11-09