H.R. 7051 Introduced Taxation

American Dream Act

To amend the Internal Revenue Code of 1986 to exclude from gross income gains on the sale of real property to first-time homebuyers by individuals who have attained age 65.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. McGuire, John J. [R-VA-5] Introduced January 14, 2026 Cosponsors 12 (12 R) Latest action January 14, 2026

Summary

The Congressional Research Service has not published a summary of this bill yet.

Congress.gov

Actions

  1. Jan 14, 2026 Referred to the House Committee on Ways and Means.
  2. Jan 14, 2026 Introduced in House

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