H.R. 7393

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7393 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 7393

To amend the Internal Revenue Code of 1986 to allow distributions from 
qualified tuition programs for qualified housing expenses, and for 
other purposes.

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IN THE HOUSE OF REPRESENTATIVES

February 5, 2026

Mr. Patronis (for himself and Mr. Bilirakis) introduced the following 
bill; which was referred to the Committee on Ways and Means

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A BILL

To amend the Internal Revenue Code of 1986 to allow distributions from 
qualified tuition programs for qualified housing expenses, and for 
other purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Save for Success Act''.

SEC. 2. ALLOWANCE OF DISTRIBUTIONS FROM QUALIFIED TUITION PROGRAMS FOR 
QUALIFIED HOUSING EXPENSES.

(a) In General.--Section 529(c)(3) of the Internal Revenue Code of 
1986 is amended by adding at the end the following new subparagraph:
``(F) Distributions for qualified housing 
expenses.--
``(i) In general.--Subparagraph (A) shall 
not apply to that portion of any distribution 
which is used to pay for a qualified housing 
expense of the designated beneficiary.
``(ii) Qualified housing expense.--For 
purposes of this subparagraph, the term 
`qualified housing expense', with respect to a 
designated beneficiary, means any expense 
incurred by such beneficiary for the purchase 
of a principal residence, but only if such 
beneficiary is a first-time homebuyer, and 
includes any closing costs and mortgage 
payments incurred with respect to such 
purchase.
``(iii) Other definitions.--For purposes of 
this subparagraph--
``(I) First-time homebuyer.--The 
term `first-time homebuyer' means any 
individual if such individual (and if 
married, such individual's spouse) had 
no present ownership interest in a 
principal residence during the 3-year 
period ending on the date of the 
purchase of the principal residence to 
which this subparagraph applies.
``(II) Principal residence.--The 
term `principal residence' has the same 
meaning as when used in section 121.
``(III) Purchase.--The term 
`purchase' has the meaning given such 
term in section 36(c).''.
(b) Effective Date.--The amendment made by this section shall apply 
to distributions made after December 31, 2026.
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