United States 116th Congress Status: Died 1 D cosponsors

HR 7645 — First Time Homebuyer Pandemic Savings Act

Last action — Referred to the House Committee on Ways and Means.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Extends for one year the exemption from the penalty for early distributions from tax-preferred retirement plans for distributions related to COVID-19 (i.e., coronavirus disease 2019). It also excludes from gross income COVID-19-related distributions which are first-time homebuyer distributions up to $25,000 in a taxable year.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 7645 on the official United States source →

Action History

  1. Referred to the House Committee on Ways and Means.

  2. Referred to the Subcommittee on Social Security.

  3. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

Taxation Cardiovascular and respiratory health Emergency medical services and trauma care Employee benefits and pensions Housing finance and home ownership Income tax deferral Income tax exclusion Infectious and parasitic diseases
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Frequently asked questions

What does HR 7645 do?
Extends for one year the exemption from the penalty for early distributions from tax-preferred retirement plans for distributions related to COVID-19 (i.e., coronavirus disease 2019). It also excludes from gross income COVID-19-related distributions which are first-time homebuyer distributions up to $25,000 in a taxable year.
Who sponsors HR 7645?
HR 7645 is sponsored by Sean Maloney (D).
What is the current status of HR 7645?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 7645?
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Last checked for changes about 14 hours ago · updated continuously

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