Homeowner Empowerment Act of 2008
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.
- IntroducedApr 10, 2008
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- 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; 16 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-WI | F. James Sensenbrenner, Jr. | Original | Apr 10, 2008 |
| R-CA | John Campbell | Original | Apr 10, 2008 |
| R-PA | Joseph R. Pitts | Original | Apr 10, 2008 |
| R-TX | Kenny Marchant | Original | Apr 10, 2008 |
| R-TX | Louie Gohmert | Original | Apr 10, 2008 |
| R-GA | Lynn A. Westmoreland | Original | Apr 10, 2008 |
| R-CO | Marilyn N. Musgrave | Original | Apr 10, 2008 |
| R-TN | Marsha Blackburn | Original | Apr 10, 2008 |
| R-GA | Paul C. Broun | Original | Apr 10, 2008 |
| R-MI | Peter Hoekstra | Original | Apr 10, 2008 |
| R-MD | Roscoe G. Bartlett | Original | Apr 10, 2008 |
| R-FL | Tom Feeney | Original | Apr 10, 2008 |
| R-GA | Tom Price | Original | Apr 10, 2008 |
| R-AZ | Trent Franks | Original | Apr 10, 2008 |
| R-VA | Virgil H. Goode Jr. | Original | Apr 10, 2008 |
| R-MO | W. Todd Akin | Original | Apr 10, 2008 |
| R-FL | Dave Weldon | Apr 17, 2008 | |
| R-NY | John R. "Randy" Kuhl Jr. | Apr 17, 2008 | |
| R-IL | John Shimkus | Apr 17, 2008 | |
| R-CA | John T. Doolittle | Apr 17, 2008 | |
| R-OK | Mary Fallin | Apr 17, 2008 | |
| R-IN | Mike Pence | Apr 17, 2008 | |
| R-VA | Robert J. Wittman | Apr 17, 2008 | |
| R-OH | Steve Chabot | Apr 17, 2008 | |
| R-WY | Barbara Cubin | Apr 29, 2008 | |
| R-NE | Lee Terry | May 19, 2008 | |
| R-OH | Robert E. Latta | May 19, 2008 | |
| R-ID | Bill Sali | May 22, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Apr 10, 2008 |
Actions 2
Everything that happened, newest first.
- Apr 10, 2008Introduced in House
- Apr 10, 2008Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R40192 | Early Withdrawals and Required Minimum Distributions in Retirement Accounts: Issues for Congress Archived | Report | Jan 4, 2012 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to exclude from gross income certain distributions from qualified retirement plans used for mortgage payments.
- Short Titles as Introduced
- Homeowner Empowerment Act of 2008
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 10, 2008Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
