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Stop Wall Street Landlords Act: Curbing Large Investor Home Ownership

This act aims to limit the influence of large investors in the single-family home market, making it easier for ordinary citizens to buy their own homes. It introduces new tax rules for large companies owning multiple homes and offers tax credits for building and renovating homes in needy neighborhoods, supporting housing affordability.
Key points
Large companies owning single-family homes will not be able to deduct mortgage interest and depreciation expenses, potentially reducing their rental profits.
An excise tax will be imposed on the sale of single-family homes by large investors, discouraging real estate speculation.
A tax credit is established for building or substantially rehabilitating homes in specific neighborhoods to increase the availability of affordable housing for lower-income individuals.
Federal mortgage assistance (e.g., Fannie Mae, Freddie Mac, Ginnie Mae) will be prohibited for large investors, limiting their ability to finance home purchases.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_9246
Sponsor: Rep. Khanna, Ro [D-CA-17]
Process start date: 2022-10-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop Wall Street Landlords Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9246.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-10-28.

What are the main provisions?

Key points include:

  • Large companies owning single-family homes will not be able to deduct mortgage interest and depreciation expenses, potentially reducing their rental profits.
  • An excise tax will be imposed on the sale of single-family homes by large investors, discouraging real estate speculation.
  • A tax credit is established for building or substantially rehabilitating homes in specific neighborhoods to increase the availability of affordable housing for lower-income individuals.
  • Federal mortgage assistance (e.g., Fannie Mae, Freddie Mac, Ginnie Mae) will be prohibited for large investors, limiting their ability to finance home purchases.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Khanna, Ro [D-CA-17].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Real Estate Taxes Economy