A Republican bill with 1 Democratic cosponsor · See all 2 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, known as the "Save for Success Act," aims to amend the Internal Revenue Code of 1986. It proposes to allow distributions from qualified tuition programs to be used for qualified housing expenses. These expenses must be related to the purchase of a principal residence by a designated beneficiary. To qualify, the beneficiary must be a first-time homebuyer. The changes would take effect for distributions made after December 31, 2026.
Yes· 3 of 7
- Scored +4
Would people in their twenties and thirties be better off under this?
The bill specifically assists first-time homebuyers, a demographic that often includes young adults entering the housing market.
- Scored +4
Would students be better off under this?
The bill allows students or former students with 529 accounts to use those funds toward purchasing their first home.
- Scored +3
Would middle-income households be better off under this?
The bill provides middle-income families with more flexible options for using savings held in qualified tuition programs.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Assistance with Home Ownership: The bill allows distributions from qualified tuition programs to pay for a principal residence, which includes mortgage payments and closing costs (Section 2(a)(ii)). This could help beneficiaries transition into homeownership.
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Support for First-Time Buyers: The provision specifically targets first-time homebuyers, defined as those who had no present ownership interest in a principal residence during the 3-year period ending on the date of purchase (Section 2(a)(ii)(I)). This provides a specific financial pathway for those looking to enter the housing market.
Potential Negative Impacts for People
- No specific negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would students be better off under this? — The bill allows students or former students with 529 accounts to use those funds toward purchasing their first home. Would people in their twenties and thirties be better off under this? — The bill specifically assists first-time homebuyers, a demographic that often includes young adults entering the housing market. Would middle-income households be better off under this? — The bill provides middle-income families with more flexible options for using savings held in qualified tuition programs.
- Economy And Finance
- Is this likely to grow the economy? — By facilitating easier home ownership for first-time buyers, the bill may stimulate residential real estate activity. Does this cut taxes for small businesses? — The bill expands the use of 529 plan distributions, which can provide liquidity for individuals starting small business-related home ownership.
- Social Issues And Justice
- Does this make housing cost less? — The bill helps individuals afford the purchase of a principal residence by allowing the use of qualified tuition program funds for housing expenses.
- Education And Technology
- Does this make college cost less? — The bill increases the utility of 529 plans by allowing funds to be used for housing after education needs are met.
- 3/25/2026
- 1 Cosponsor added.
- 2/5/2026
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
Gus BilirakisRepublican · Florida
Darren SotoDemocrat · Florida