HR 5776 · 110th Congress 2007–2009, ended

Homeowner Empowerment Act of 2008

Introduced Apr 10, 2008 Originated House Sponsor John B. Shadegg R-AZ

Fact sheet

Latest action · Apr 10, 2008 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedApr 10, 2008
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Homeowner Empowerment Act of 2008 - Amends the Internal Revenue Code to: (1) exclude from gross income distributions from individual retirement plans and other qualified retirement plans for payments on the mortgage of a taxpayer's principal residence; (2) require repayments of amounts distributed from such retirement plans over a 12-year period; and (3) waive the 10% penalty on premature distributions from retirement plans for distributions used to pay a mortgage.

Cosponsors 28

Members who signed on, in the order they did. Signatures ran from Apr 10, 2008 to May 22, 2008, with 16 there on the day it was introduced.

SeatCosponsorSigned on
R-WIF. James Sensenbrenner, Jr.OriginalApr 10, 2008
R-CAJohn CampbellOriginalApr 10, 2008
R-PAJoseph R. PittsOriginalApr 10, 2008
R-TXKenny MarchantOriginalApr 10, 2008
R-TXLouie GohmertOriginalApr 10, 2008
R-GALynn A. WestmorelandOriginalApr 10, 2008
R-COMarilyn N. MusgraveOriginalApr 10, 2008
R-TNMarsha BlackburnOriginalApr 10, 2008
R-GAPaul C. BrounOriginalApr 10, 2008
R-MIPeter HoekstraOriginalApr 10, 2008
R-MDRoscoe G. BartlettOriginalApr 10, 2008
R-FLTom FeeneyOriginalApr 10, 2008
R-GATom PriceOriginalApr 10, 2008
R-AZTrent FranksOriginalApr 10, 2008
D-VAVirgil H. Goode Jr.OriginalApr 10, 2008
Show all 28 cosponsors

Actions 2

Everything that happened, newest first.

  1. Apr 10, 2008Introduced in House
  2. Apr 10, 2008Referred to the House Committee on Ways and Means.

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Apr 10, 2008Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.