House bill · 119th Congress · Latest step: Introduced

Home Savings Act

H.R. 7185Introduced Jan 21, 2026Policy area: Taxation

Official title: 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.

Sponsor: Rep. John McGuire R-VA

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Where it went

IntroducedJan 21, 2026
Committee action—
Passed House—
Passed Senate—
To the President—
Became law—

Latest action: Jan 21, 2026 — Referred to the House Committee on Ways and Means.

Cost and committee reports

Official records Congress.gov attaches to H.R. 7185.

Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. McGUIRE, as printed in the Congressional Record (Vol. 172, No. 14, January 21, 2026, Page H1172):
Article I, Section 8
Source: Congress.gov, Congressional Record January 21, 2026 ↗
Evidence
Field in the Congress.gov record
constitutionalAuthorityStatementText
Statement length
20 characters
Congress.gov bill record
H.R. 7185, 119th Congress
Congress.gov API record
https://api.congress.gov/v3/bill/119/hr/7185
Record last updated by Congress.gov
April 10, 2026
PORKER copy retrieved
September 13, 2026
Stored copy, SHA-256 of the file
57ed1ecb58ef77809b6ae42d4536281b947aa4b3ea428565a6603ace8a3683a7
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of April 10, 2026). Not every bill gets one.

Sent to: Ways and Means CommitteeBills with a CBO estimate Bills with a committee report See it in the Data Web

From the Congress.gov bill record for H.R. 7185, last updated April 10, 2026. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

5 cosponsors — 5 Republicans

0 of 5 cosponsors (0%) are from the other party.

Mike Collins (R-GA), Jeff Crank (R-CO), Pat Harrigan (R-NC), Jefferson Van Drew (R-NJ), Randy Weber (R-TX).

More from the sponsor

Other 119th Congress bills sponsored by Rep. John McGuire.

Sponsor’s state and district

Virginia in Congress · VA-5 district

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Data as of Sep 13, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.