H.R. 9906 – FIXER Act | Legislate.dev

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Updated July 30, 2026 at 3:42 AM UTC

The FIXER Act creates a voluntary way for state or local authorities to exclude certain tax‑exempt facility bonds from the overall volume limit on such bonds. It targets bonds that fund the preservation, improvement, or replacement of low‑income, federally‑assisted, or state‑assisted rental housing, aiming to encourage more financing for these projects. The bill also relaxes a restriction on buying existing property and adjusts the low‑income housing tax credit rules for the exempted bonds.

Key Provisions

Adds a new optional exemption (Section 146(o)) that lets a bond‑issuing authority choose to remove certain exempt facility bonds from the overall volume cap on tax‑exempt bonds.
The exemption applies only to bonds where at least 95 % of the net proceeds are used to preserve, improve, or replace qualified low‑income, federally‑assisted, or state‑assisted residential rental buildings.
For bonds taken under this exemption, the rule that limits acquisition of existing property is changed – the allowed percentage is increased from 15 % to 50 %.
Once an authority makes the election, it cannot be revoked.
Amends the low‑income housing tax credit rules so that the credit‑eligibility requirement is considered satisfied for bonds that are exempted from the volume cap under the new election.
The changes apply only to bonds issued after the law takes effect.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

July 23, 2026

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HouseIntro Referral

Introduced in House

July 23, 2026

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

July 23, 2026

Bill Text

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Introduced in HouseIssued July 23, 2026

I

119th CONGRESS

2d Session

H. R. 9906

IN THE HOUSE OF REPRESENTATIVES

July 23, 2026

Mr. Goldman of New York (for himself and Ms. Malliotakis) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to provide an elective exception from the volume cap on tax-exempt bonds for certain exempt facility bonds for qualified residential rental projects, and for other purposes.

1.

Short title

This Act may be cited as the Federal Investment Exception for Essential Rehabilitation Act or the FIXER Act.

2.

Elective exception from volume cap on tax-exempt bonds for certain exempt facility bonds for qualified residential rental projects

(a)

Elective exception from volume cap on tax-Exempt bonds

Section 146 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

(o)

Elective exception for certain exempt facility bonds for qualified residential rental projects

(1)

In general

An issuing authority may elect (at such time and in such manner as the Secretary may prescribe) to exempt any bond described in paragraph (2) from such authority’s volume cap.

(2)

Bond described

A bond described in this paragraph is any exempt facility bond issued as part of an issue described in section 142(a)(7) if 95 percent or more of the net proceeds of the issue are used to preserve, improve, or replace—

(A)

any qualified low-income building (as defined in section 42(c)(2)) the compliance period (as defined in section 42(i)(1)) for which has closed, but the extended use period (as defined in section 42(h)(6)(D)) for which has not closed, before the issue date of such issue,

(B)

any federally assisted building (as defined in section 42(d)(6)(C)(i)), or

(C)

any State-assisted building (as defined in section 42(d)(6)(C)(ii)).

(3)

Modified application of exception to prohibition on acquisition of existing property

In the case of any bond exempted under paragraph (1), section 147(d) shall be applied by substituting 50 percent for 15 percent both places it appears.

(4)

Duration of election

Any election under this subsection, once made, shall be irrevocable.

.

(b)

Exception from low-Income housing tax credit limitation

Section 42(h)(4) of such Code is amended by adding at the end the following new subparagraph:

(C)

Exception for certain bonds exempt from volume cap

The requirement of subparagraph (A)(i) shall be treated as met with respect to any obligation which would, but for an election made under section 146(o), be taken into account under section 146.

.

(c)

Effective date

The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.