[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10075 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                               H. R. 10075

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


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                    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.

    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 ``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.
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