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S. 2867

U.S. Senate•In Senate Committee

Summary

S. 2867, the Uplifting First-Time Homebuyers Act of 2025, was introduced in the Senate on Sep 18, 2025 by Sen. Ruben Gallego (D) with 1 co-sponsor. It was referred to Finance, and last saw action on Sep 18, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 2867 has 1 co-sponsor.

sb2867/introduced-in-senate.txt
119 S2867 IS: Uplifting First-Time Homebuyers Act of 2025
 U.S. Senate
 2025-09-18
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 2867  IN THE SENATE OF THE UNITED STATES   September 18 (legislative day, September 16), 2025   Mr. Gallego  (for himself and  Mr. Young ) introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to increase the limitation on qualified first-time homebuyer distributions, and for other purposes.
1.
Short title
This Act may be cited as the   Uplifting First-Time Homebuyers Act of 2025  .
2.
Increasing the limitation on qualified first-time homebuyer distributions
(a)
In general
 Section 72(t)(8)(B)(i)  of the Internal Revenue Code of 1986 is amended by striking  $10,000  and inserting  $50,000 .
(b)
Effective date
The amendment made by this Act shall apply to taxable years beginning after December 31, 2024.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-09-18
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Internal Revenue Code of 1986 to increase the limitation on qualified first-time homebuyer distributions, and for other purposes.

Sponsors

Sen. Ruben Gallego (D) sponsors S. 2867, and 1 member has co-sponsored it from the day it was introduced.

Committees

S. 2867 went before 1 committee: Finance.

Finance
Finance
Referred To · Sep 18, 2025 · 902 Bills

Actions

S. 2867 has taken 2 actions since Sep 18, 2025.

ChamberAction
Sep 18, 2025
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Sep 18, 2025
—
Introduced in Senate

Votes

S. 2867 has not gone to a roll call.

1 bill is related to S. 2867, as Identical bill.

Titles

S. 2867 goes by 3 titles, 1 of them short titles.

  • Uplifting First-Time Homebuyers Act of 2025 — Display Title
  • Uplifting First-Time Homebuyers Act of 2025 — Short Title(s) as Introduced
  • A bill to amend the Internal Revenue Code of 1986 to increase the limitation on qualified first-time homebuyer distributions, and for other purposes. — Official Title as Introduced

Lobbying

3 clients hired 3 firms and 16 registered lobbyists who named S. 2867 in 8 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Financial Institutions/Investments/Securities, Insurance, Consumer Issues/Safety/Products, Retirement, Trade (domestic/foreign), Banking, Budget/Appropriations.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
AMERICAN COUNCIL OF LIFE INSURERS—District of Columbia13—
MORTGAGE BANKERS ASSOCIATION—District of Columbia13—
PACIFIC LIFE INSURANCE COMPANY—California12—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
AMERICAN COUNCIL OF LIFE INSURERS13—
MORTGAGE BANKERS ASSOCIATION13—
PACIFIC LIFE INSURANCE COMPANY12—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
ANDREW REMO113
DOUGLAS LATHROP113
GEORGE ROGERS113
GORDON MILLS113
IAN STEGER113
JEFFRY JANOSKA113
LAURYL JACKSON113
MADISYN RHONE113
PAUL KANGAS113
RACHEL KELLEY113
WILLIAM KILLMER113
SEAVER SOWERS112
CARSON LEWIS111
ETHAN SAXON111
JEREMY GREEN111
KATHLEEN COULOMBE111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
MORTGAGE BANKERS ASSOCIATIONMORTGAGE BANKERS ASSOCIATION2026 second_quarter$1.2M2nd Quarter - Report
AMERICAN COUNCIL OF LIFE INSURERSAMERICAN COUNCIL OF LIFE INSURERS2026 first_quarter$1.1M1st Quarter - Report
AMERICAN COUNCIL OF LIFE INSURERSAMERICAN COUNCIL OF LIFE INSURERS2026 second_quarter$1.1M2nd Quarter - Amendme…
AMERICAN COUNCIL OF LIFE INSURERSAMERICAN COUNCIL OF LIFE INSURERS2026 second_quarter$1.1M2nd Quarter - Report
MORTGAGE BANKERS ASSOCIATIONMORTGAGE BANKERS ASSOCIATION2025 fourth_quarter$710K4th Quarter - Report
MORTGAGE BANKERS ASSOCIATIONMORTGAGE BANKERS ASSOCIATION2025 third_quarter$560K3rd Quarter - Report
PACIFIC LIFE INSURANCE COMPANYPACIFIC LIFE INSURANCE COMPANY2026 second_quarter$480K2nd Quarter - Report
PACIFIC LIFE INSURANCE COMPANYPACIFIC LIFE INSURANCE COMPANY2026 first_quarter$420K1st Quarter - Report

Classification

The Congressional Research Service files S. 2867 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 2867’s is Taxation.

s2867/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com