Introduced in House — H.R. 10075

119th CONGRESS

2d Session

H. R. 10075

IN THE HOUSE OF REPRESENTATIVES

August 10, 2026

Mr. LaHood (for himself, Mr. Panetta, Mr. Moore of Utah, and Mr. Suozzi) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to exempt qualified mortgage bonds from the volume cap, and for other purposes.

Section 1. Short title

This Act may be cited as the First-Time Homebuyer Affordability Act.

Sec. 2. Qualified mortgage bonds exempt from volume cap

(a) In general

Section 146(g) of the Internal Revenue Code of 1986 is amended by redesignating paragraphs (1) through (6) as paragraphs (2) through (7), respectively, and by inserting before paragraph (2) the following new paragraph:

(1)
any qualified mortgage bond,

(b) Conforming amendment

Section 146(g) of such Code, as amended by subsection (a), is amended by striking Paragraphs (4) and (5) in the last sentence and inserting Paragraphs (5) and (6).

(c) Effective date

The amendments made by this section shall apply to obligations issued after the date of the enactment of this Act.