119th Congress · House bill · Last action Dec 9, 2025
H.R. 6542In CommitteeTaxation
First Home Savings Opportunity Act of 2025
Sponsor: Rep. Subramanyam, Suhas (D-VA)7 cosponsorsIntroduced Dec 9, 2025
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In plain English
Rep. Suhas Subramanyam (D-VA) introduced this bill to establish down payment savings accounts that allow first-time homebuyers to set aside money for home purchases with tax benefits. The bill, referred to the House Ways and Means Committee on December 9, 2025, has 6 cosponsors (5 Democrats and 1 Republican).
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Where it is in the process
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Introduced
Dec 9
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House committee
Dec 9
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House floor
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Senate
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Signed
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What happens next: Sits in committee. Needs a markup or favorable report to advance to the House floor.
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Sponsor
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Cosponsors (7)
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6 Democrats, 1 Republican (of 7 shown).
Activity timeline
Dec 9
Dec 9, 2025
Dec 9, 2025
Referred to the House Committee on Ways and Means.
Dec 9
Dec 9, 2025
Dec 9, 2025
Introduced in House
Dec 9
Dec 9, 2025
Dec 9, 2025
Sponsor introductory remarks on measure. (CR H5062)
Dec 9
Dec 9, 2025
Dec 9, 2025
Introduced in House
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 4 recorded actions since introduction · Source: Congress.gov
Dec 9
HOUSEReferred to the House Committee on Ways and Means.
Dec 9
Introduced in House
Dec 9
Sponsor introductory remarks on measure. (CR H5062)
Dec 9
Introduced in House
All 7 cosponsors
6 Democrats · 1 Republican
Democrats (6)
Republicans (1)
Hinson, AshleyIA-02
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