WASHINGTON – Today, Senators Ruben Gallego (D-AZ) and Todd Young (R-IN) introduced the Uplifting First-Time Homebuyers Act to help more Americans buy their first home by increasing the Individual Retirement Account (IRA) tax exception withdrawal limit for first-time homebuyers. “Homeownership is the cornerstone of the American dream, and for good reason. Owning a home is a proven way to build generational wealth and retirement security. But too many young Americans feel like that dream is out of reach,” said Senator Gallego. “By updating the decades-old IRA homebuyer exception to reflect the reality of housing costs today, this bill helps make homeownership possible for the next generation.” “Homeownership is critical to strengthening families, building

WASHINGTON – Senator Ruben Gallego (D-AZ), backed the Keep Billionaires Out of Social Security Act. The legislation reverses the disastrous cuts the Trump administration has made to the Social Security Administration (SSA), prevents Social Security field offices from shutting down, makes it easier for seniors and people with disabilities to apply for the benefits they have earned over the phone, and provides the resources the SSA needs to approve earned benefits quickly. “The Trump administration has gutted the Social Security Administration, shut down field offices and jeopardized seniors’ access to their hard-earned benefits, a reality Americans should never have to face,” Senator Gallego said. “I am proud to

WASHINGTON—Today, Senators Ruben Gallego (D-AZ) and Bill Hagerty (R-TN) introduced the Financial Exploitation Prevention Act, legislation to give the financial industry better tools to address suspected financial exploitation and abuse of seniors and those with mental and physical disabilities. “Far too many Arizona’s seniors fall victim to scammers who target their hard-earned life savings,” said Senator Gallego. “Once the money is gone from their accounts, it’s almost impossible to get back. I’m proud to lead this legislation to strengthen the financial industry’s banks’ ability to step in when they suspect fraud and give seniors a critical safeguard against bad actors. This bill will protect Arizona’s retirees and keep their accounts safe