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Rep. John McGuire Introduces Home Savings Act
January 23, 2026
WASHINGTON, Jan. 23 -- Rep. John McGuire, D-Virginia, issued the following news release:

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Rep. John McGuire Introduces Home Savings Act

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WASHINGTON, D.C. -Today, U.S. Representative John McGuire (VA-05) introduced the Home Savings Act. This bill will remove penalties for withdrawing from a 401(k) account when the money is used for closing costs and down payments associated with purchasing a home.

"For many, owning a hom . . .

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