Stop Wall Street Landlords Act of 2026

Key Points

• This bill targets 'large investors'—companies or individuals with more than $100 million in assets—who buy up houses. It takes away their ability to claim tax breaks for mortgage interest, insurance, and the natural wear and tear of the property on homes with one to four units.
• If these giant investors sell a house, they would have to pay a new tax equal to the full sale price of the home. This is designed to make it much less profitable for massive corporations to buy neighborhood houses as investments, which often drives up prices for regular buyers.
• The goal is to help everyday families compete for homes. By making it more expensive for Wall Street firms to own and sell houses, the bill aims to lower housing costs and increase the number of homes available for people who actually want to live in them.
• Any money collected from these new taxes would go into a special federal fund. This money would be used to build or fix up rental housing for families with very low incomes or those who are currently homeless.
• The rules would not apply to a person's primary home, non-profit groups, or companies that build brand-new houses. It also would not affect large apartment buildings or housing that already receives government assistance for low-income residents.
• If passed, the government would stop helping these large investors get loans through federal mortgage programs. These changes would start taking effect about 18 months after the bill becomes law.

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