S. 3332

Summary

S. 3332, the More Homes on the Market Act, was introduced in the Senate on Dec 3, 2025 by Sen. John Cornyn (R) with 22 co-sponsors. It was referred to Finance, and last saw action on Dec 3, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 3332 has 22 co-sponsors.

119 S3332 IS: More Homes on the Market Act
 U.S. Senate
 2025-12-03
 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. 3332  IN THE SENATE OF THE UNITED STATES   December 3, 2025   Mr. Cornyn  (for himself,  Mr. Bennet ,  Mr. Daines ,  Mr. Schiff ,  Mr. Barrasso , and  Mr. Kelly ) 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 exclusion of gain from the sale of a principal residence, and for other purposes.
1.
Short title
This Act may be cited as the   More Homes on the Market Act  .
2.
Increase of exclusion of gain from sale of principal residence
(a)
In general
 Section 121(b)  of the Internal Revenue Code of 1986 is amended—
(1)
by striking  $250,000  and inserting  $500,000  each place it appears,
(2)
by striking  500,000  and inserting  $1,000,000  each place it appears,
(3)
in paragraph (2)(A), in the heading, by striking
$500,000   and inserting
$1,000,000  , and
(4)
by adding at the end the following new paragraph:
(5)
Adjustment for inflation
In the case of a taxable year beginning after 2025, the $500,000 and $1,000,000 amounts in paragraphs (1), (2), and (4) shall each be increased by an amount equal to—
(A)
such dollar amount, multiplied by
(B)
the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting  2024  for  2016  in subparagraph (A)(ii) thereof.
 If any increase under this clause is not a multiple of $100, such increase shall be rounded to the next lowest multiple of $100.
 .
(b)
Effective date
The amendments made by this section shall apply to sales and exchanges after the date of the enactment of this Act.

Tracker

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

A bill to amend the Internal Revenue Code of 1986 to increase the exclusion of gain from the sale of a principal residence, and for other purposes.

Sponsors

Sen. John Cornyn (R) sponsors S. 3332, and 22 members have co-sponsored it, 5 of them from the day it was introduced.

John Cornyn

Sen. · R–TX · Sponsor

Introduced Dec 3, 2025

John Barrasso

Sen. · R–WY · Co-sponsor

Joined Dec 3, 2025 · Original

Michael Bennet

Sen. · D–CO · Co-sponsor

Joined Dec 3, 2025 · Original

Steve Daines

Sen. · R–MT · Co-sponsor

Joined Dec 3, 2025 · Original

Mark Kelly

Sen. · D–AZ · Co-sponsor

Joined Dec 3, 2025 · Original

Adam Schiff

Sen. · D–CA · Co-sponsor

Joined Dec 3, 2025 · Original

Mike Lee

Sen. · R–UT · Co-sponsor

Joined May 11, 2026

John Kennedy

Sen. · R–LA · Co-sponsor

Joined May 12, 2026

James Risch

Sen. · R–ID · Co-sponsor

Joined May 20, 2026

John Boozman

Sen. · R–AR · Co-sponsor

Joined Jun 1, 2026

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Committees

S. 3332 went before 1 committee: Finance.

Finance

Finance

Referred To · Dec 3, 2025 · 902 Bills

Actions

S. 3332 has taken 2 actions since Dec 3, 2025.

Votes

S. 3332 has not gone to a roll call.

Related bills

3 bills are related to S. 3332.

HR 1340More Homes on the Market ActFeb 13, 2025 · Referred to the House Committee on Ways and Means. · Related billHR 4856Revitalizing America’s Housing ActDec 19, 2025 · Referred to the Subcommittee on Economic Opportunity. · Related billHR 6900American Affordability Act of 2025Dec 18, 2025 · Referred to the Committee on Ways and Means, and in addition to the Committees… · Related bill

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Titles

S. 3332 goes by 3 titles, 1 of them short titles.

• More Homes on the Market Act — Display Title
• More Homes on the Market Act — Short Title(s) as Introduced
• A bill to amend the Internal Revenue Code of 1986 to increase the exclusion of gain from the sale of a principal residence, and for other purposes. — Official Title as Introduced

Lobbying

13 clients hired 12 firms and 142 registered lobbyists who named S. 3332 in 24 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 Housing, Taxation/Internal Revenue Code, Labor Issues/Antitrust/Workplace, Trade (domestic/foreign), Banking, Consumer Issues/Safety/Products, Health Issues, Immigration.

Clients

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

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 142.

Filings

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

Classification

The Congressional Research Service files S. 3332 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 3332’s is Taxation.

Source: congress.gov · legiscan.com