S 5227 · 119th CongressIn Committeecongress.gov ↗

A bill to amend the Internal Revenue Code of 1986 to allow certain distributions from long-term qualified tuition programs for first home purchases, and for other purposes.

Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would change the tax rules to let people take money out of long-term college savings accounts (also known as 529 plans) and use it to help buy their first home. No official summary is available for this bill.

Introduced

August 4, 2026

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