H.R. 7468: First-Time Home Buyer Empowerment Act

H.R. 7468 is a federal bill in the 119th Congress. Before this bill, money taken out of a college savings account known as a 529 plan for anything other than qualified education expenses was subject to income taxes and an additional ten percent penalty. Under this bill, individuals can withdraw up to… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.