American Homeownership Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3904 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3904 To amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for certain taxpayers, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 24, 2026 Ms. Warren (for herself, Mr. Merkley, Ms. Klobuchar, Ms. Smith, Mr. Blumenthal, Ms. Duckworth, Mr. Durbin, Mr. Heinrich, Ms. Hirono, Mr. Kaine, Mr. Kim, Mr. Markey, Mr. Murphy, Mr. Schatz, Mr. Sanders, Mr. Schiff, Mr. Van Hollen, Mr. Welch, and Mr. Booker) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for certain taxpayers, 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 ``American Homeownership Act''. SEC. 2. DISALLO…