American Homeownership Act

Senate Bill

S. 3904

119th Congress

American Homeownership Act

In Committee

Introduced:Feb 24, 2026

Primary Sponsor

Sponsor information unavailable

Cosponsors

0

Quick Stats

Summary

This bill would change tax rules to prevent certain taxpayers from deducting interest payments and depreciation expenses from their taxable income. The bill targets specific categories of taxpayers, though the exact criteria are not specified in the available information.

Latest Action

Read twice and referred to the Committee on Finance.

Introduced2/24/2026

StatusRead twice and referred to the Committee on Finance.

ChamberSenate

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

American Homeownership Act

This bill would change tax rules to prevent certain taxpayers from deducting interest payments and depreciation expenses from their taxable income. The bill targets specific categories of taxpayers, though the exact criteria are not specified in the available

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would change tax rules to prevent certain taxpayers from deducting interest payments and depreciation expenses from their taxable income. The bill targets specific categories of taxpayers, though the exact criteria are not specified in the available information.

Bill Number: 3904
Introduced: 2/24/2026
Status: Read twice and referred to the Committee on Finance.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: American Homeownership Act
Bill Number: 3904
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Finance.
Introduced: 2/24/2026
Summary: This bill would change tax rules to prevent certain taxpayers from deducting interest payments and depreciation expenses from their taxable income. The bill targets specific categories of taxpayers, though the exact criteria are not specified in the available information.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would change tax rules to prevent certain taxpayers from deducting interest payments and depreciation expenses from their taxable income. The bill targets specific categories of taxpayers, though the exact criteria are not specified in the available information.

Last updated: 2/26/2026

Key Points

Main provisions of the bill

The bill would amend the Internal Revenue Code to deny certain tax deductions that businesses and individuals currently claim.
It specifically targets interest deductions, which allow taxpayers to reduce taxable income based on interest paid on loans and debts.
It also targets depreciation deductions, which allow taxpayers to deduct the declining value of assets like equipment and buildings over time.
The restrictions would apply only to certain categories of taxpayers, not all taxpayers.
The bill has been referred to the Senate Finance Committee for consideration.

How This Impacts Americans

Potential effects on citizens and communities

This bill would affect businesses and possibly individuals who currently claim interest and depreciation deductions on their tax returns. The specific taxpayers impacted depend on criteria not detailed in the available information, but losing these deductions would increase their taxable income and result in higher tax bills. This could particularly affect businesses that rely heavily on borrowed money or own significant depreciable assets.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3904, 119th Congress (2026). "American Homeownership Act". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3904

Public Opinions

Community submissions related to this bill.

Share your opinion

No public opinions yet. Be the first to submit one for this bill.