U.S. Senators Todd Young and Ruben Gallego introduced a bill aimed at assisting first-time homebuyers by increasing IRA withdrawal limits.
Quiver AI Summary
U.S. Senators Todd Young (R-Ind.) and Ruben Gallego (D-Ariz.) have introduced the Uplifting First-Time Homebuyers Act, aiming to assist Americans in purchasing their first homes by increasing the IRA tax exception withdrawal limit from $10,000 to $50,000. This adjustment intends to better reflect current housing market conditions, which have significantly changed since the original cap was set in 1997.
Senator Young stated that homeownership strengthens families and communities, while Senator Gallego emphasized that the legislation aims to make homeownership more accessible, particularly for younger Americans feeling priced out of the market. The bill is supported by several housing and community organizations, highlighting its potential impact on making homes more attainable.
The full text of the legislation is available for review online, showcasing the detailed proposals and the rationale behind the proposed changes to the IRA withdrawal limits.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Todd Young Net Worth
Quiver Quantitative estimates that Todd Young is worth $91.0K, as of September 22nd, 2025. This is the 465th highest net worth in Congress, per our live estimates.
Young has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Todd Young's net worth on Quiver Quantitative's politician page for Young.
Todd Young Bill Proposals
Here are some bills which have recently been proposed by Todd Young:
- S.2812: A bill to direct the Secretary of Transportation to carry out a national public safety messaging campaign relating to the dangers of illegal passing of stopped school buses, and for other purposes.
- S.2697: National Biotechnology Safety Act
- S.2695: Synthetic Biology Advancement Act of 2025
- S.2693: Biobased Market Expansion Act of 2025
- S.2676: Cloud LAB Act of 2025
- S.2674: HARPOON Act
You can track bills proposed by Todd Young on Quiver Quantitative's politician page for Young.
Todd Young Fundraising
Todd Young recently disclosed $504.3K of fundraising in a Q2 FEC disclosure filed on July 14th, 2025. This was the 150th most from all Q2 reports we have seen this year. 55.2% came from individual donors.
Young disclosed $278.9K of spending. This was the 181st most from all Q2 reports we have seen from politicians so far this year.
Young disclosed $5.9M of cash on hand at the end of the filing period. This was the 40th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Todd Young's fundraising on Quiver Quantitative.
