H.R. 9480 proposes to amend the Internal Revenue Code to allow individuals to deduct contributions made to home savings accounts from their taxable income. This aims to encourage savings for home purchases by providing a tax benefit for those contributing to these accounts.
Supporters of H.R. 9480 argue that the bill will promote homeownership by making it easier for individuals to save for down payments. Media coverage highlights the potential for increased access to housing for first-time buyers and the positive impact on the economy as more people invest in homes.
Critics of H.R. 9480 express concerns that the bill may disproportionately benefit higher-income individuals who are more likely to have the means to contribute to home savings accounts. Some media outlets argue that it could divert attention from more comprehensive housing reforms needed to address affordability issues.
The analysis of H.R. 9480, which proposes allowing deductions for contributions to home savings accounts, reveals no direct industry overlaps between the sponsor Scott Perry's top donor industries and the bill's subject matter. Perry's largest donor industry is Health Professionals, contributing $120 million, followed by Retired individuals at $37.5 million. Since these industries do not directly relate to home savings accounts or tax deductions, the potential for conflicts of interest appears minimal. Furthermore, while there is significant lobbying activity in various sectors, none of the lobbying amounts correlate with the sponsor's donor industries, indicating a lack of direct financial influence on this specific legislation. Voters should be aware that while there are substantial contributions from certain industries, they do not seem to influence this particular bill's content.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| RESPOND-US | CORNERSTONE GOVERNMENT AFFAIRS, INC. | $140,000 |
| SILVERLINING | ALPINE GROUP PARTNERS, LLC. | $80,000 |
| MEDLINE | CORNERSTONE GOVERNMENT AFFAIRS, INC. | $80,000 |
| AMERICAN FLOOD COALITION ACTION INC | ALPINE GROUP PARTNERS, LLC. | $60,000 |
| PEABODY ENERGY CORPORATION | CORNERSTONE GOVERNMENT AFFAIRS, INC. | $50,000 |
| LUFTHANSA GERMAN AIRLINES | CAPITOL POINT GROUP, LLC | $50,000 |
| COMCAST CORPORATION | THEGROUP DC, LLC | $50,000 |
| MERIDIAM INFRASTRUCTURE | CAPITOL POINT GROUP, LLC | $40,000 |
| TULANE UNIVERSITY | LEWIS-BURKE ASSOCIATES, LLC | $40,000 |
| CLEAN FUELS ALLIANCE AMERICA (FORMERLY REPORTED AS NATIONAL BIODIESEL BOARD) | BRACEWELL LLP | $40,000 |
| MAXIMUS | BRICK STREET STRATEGY | $30,000 |
| JOHNSON & JOHNSON | BRICK STREET STRATEGY | $30,000 |
| BOSTON SCIENTIFIC CORPORATION | BRICK STREET STRATEGY | $20,000 |
| HEARTH, PATIO & BARBECUE ASSOCIATION | HEARTH, PATIO & BARBECUE ASSOCIATION | $15,000 |
| BASIS PATH | BUTLER SNOW LLP | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Scott Perry, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
