A Democratic bill with 1 Republican cosponsor · See the cosponsor
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 "Federal Investment Exception for Essential Rehabilitation Act" or the "FIXER Act," proposes to amend the Internal Revenue Code of 1986. It seeks to create an elective exception from the volume cap on tax-exempt bonds for certain exempt facility bonds. These bonds would be used for qualified residential rental projects. The exception applies to bonds used to preserve, improve, or replace qualified low-income buildings, federally assisted buildings, or State-assisted buildings. Once an election to use this exception is made, it cannot be changed.
Yes· 3 of 5
- Scored +6
Does this make housing cost less?
The bill facilitates the rehabilitation and preservation of low-income and assisted residential buildings through bond cap exceptions.
- Scored +5
Would households on low incomes be better off under this?
The bill supports the preservation of low-income and federally assisted housing.
- Scored +3
Is this likely to lift people out of poverty?
By aiding affordable housing preservation, the bill indirectly supports poverty reduction efforts.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Support for Housing Rehabilitation: The bill allows issuing authorities to exempt certain bonds from the volume cap if 95 percent or more of the proceeds are used to preserve, improve, or replace specific types of buildings (Section 2(a)(2)). This could assist in maintaining qualified low-income, federally assisted, or State-assisted buildings.
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Increased Flexibility for Property Acquisition: For bonds exempted under this act, the threshold for the prohibition on the acquisition of existing property is increased from 15 percent to 50 percent (Section 2(a)(3)).
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Tax Credit Alignment: The bill includes an exception for certain bonds exempt from the volume cap regarding the low-income housing tax credit limitation (Section 2(b)).
Potential Negative Impacts for People
- Irrevocable Decisions: Once an issuing authority makes an election to use this exception, the decision is permanent and cannot be undone (Section 2(a)(4)).
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.
- Social Issues And Justice
- Does this make housing cost less? — The bill facilitates the rehabilitation and preservation of low-income and assisted residential buildings through bond cap exceptions. Is this likely to lift people out of poverty? — By aiding affordable housing preservation, the bill indirectly supports poverty reduction efforts. Is this likely to reduce homelessness? — Increased investment in affordable housing can help mitigate housing instability.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — The bill supports the preservation of low-income and federally assisted housing. Would business owners be better off under this? — The bill provides incentives for developers and issuing authorities in the housing sector.
- 7/23/2026
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
Nicole MalliotakisRepublican · New York