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Ending Hedge Fund Control of American Homes

This bill aims to limit the number of single-family homes that large investment firms can own. It introduces a tax for companies holding over 100 homes if they fail to reduce their holdings. The collected funds are intended to support down payment assistance programs for families.
Key points
Companies owning more than 100 single-family homes will face a tax if they do not reduce their holdings by 10% annually.
The tax is $20,000 for each home exceeding the 100-property limit.
Funds from this tax will go into a trust fund to support down payment assistance programs for families buying homes.
The act seeks to make it easier for ordinary families to purchase homes by reducing competition from large investors.
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Expired
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Additional Information
Print number: 117_S_5151
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2022-11-30
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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

End Hedge Fund Control of American Homes Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5151.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-11-30.

What are the main provisions?

Key points include:

  • Companies owning more than 100 single-family homes will face a tax if they do not reduce their holdings by 10% annually.
  • The tax is $20,000 for each home exceeding the 100-property limit.
  • Funds from this tax will go into a trust fund to support down payment assistance programs for families buying homes.
  • The act seeks to make it easier for ordinary families to purchase homes by reducing competition from large investors.
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 Sen. Merkley, Jeff [D-OR].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Real Estate Taxes Economy