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NEST Act
2/12/2026, 4:08 AM
Summary of Bill HR 7422
This bill, known as H.R. 7422 in the 119th Congress, aims to modify the Internal Revenue Code of 1986 to permit the creation of first-time homebuyer savings accounts. Introduced on February 9, 2026, the bill's primary focus is on enabling individuals to set up accounts specifically designated for saving towards their first home purchase.
Read the Full Bill
Current Status of Bill HR 7422
Bill HR 7422 is currently in the status of Bill Introduced since February 9, 2026. Bill HR 7422 was introduced during Congress 119 and was introduced to the House on February 9, 2026. Bill HR 7422's most recent activity was Referred to the House Committee on Ways and Means. as of February 9, 2026
Bipartisan Support of Bill HR 7422
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7422
Primary Policy Focus
Alternate Title(s) of Bill HR 7422
To amend the Internal Revenue Code of 1986 to allow the establishment of first-time homebuyer savings accounts.
To amend the Internal Revenue Code of 1986 to allow the establishment of first-time homebuyer savings accounts.
Comments
Sponsors and Cosponsors of HR 7422
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