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H.R. 7393

U.S. House•In House Committee

Summary

H.R. 7393, the Save for Success Act, was introduced in the House on Feb 5, 2026 by Rep. Jimmy Patronis (R) with 2 co-sponsors. It was referred to Ways And Means, and last saw action on Feb 5, 2026: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 7393 has 2 co-sponsors.

hb7393/introduced-in-house.txt
119 HR 7393 IH: Save for Success Act
 U.S. House of Representatives
 2026-02-05
 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.
 I  119th CONGRESS  2d Session  H. R. 7393  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    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.
1.
Short title
This Act may be cited as the   Save for Success Act  .
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.

Tracker

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

  1. Introduced2026-02-05
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

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

Sponsors

Rep. Jimmy Patronis (R) sponsors H.R. 7393, and 2 members have co-sponsored it, 1 of them from the day it was introduced.

Committees

H.R. 7393 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Feb 5, 2026 · 1,160 Bills

Actions

H.R. 7393 has taken 2 actions since Feb 5, 2026.

ChamberAction
Feb 5, 2026
House
Introduced in House
Feb 5, 2026
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 7393 has not gone to a roll call.

Titles

H.R. 7393 goes by 3 titles, 1 of them short titles.

  • Save for Success Act — Display Title
  • Save for Success Act — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to allow distributions from qualified tuition programs for qualified housing expenses, and for other purposes. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 7393 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 7393’s is Taxation.

hr7393/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 7393, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 26 (Thursday, February 5, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PATRONIS:H.R. 7393.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1, of the United StatesConstitution.[Page H2041]

Source: congress.gov · legiscan.com