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Congress·In Committee·H.R. 7138

Congress Proposes New Taxes and Restrictions to Stop Large Investors from Buying Single-Family Homes

Stop Wall Street Landlords Act of 2026

2 months ago·View on Congress.gov
Part of: Legislative Push to Tax Private Equity Out of Single-Family Homes

Legislative Progress

House
Senate
President
Law

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.
HousingTaxesEconomy Finance

Impact Analysis

Personal Impact

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Broader Impacts

Score
Scores: -5 (harmful) to +5 (beneficial)Short-term: 0-2 yearsLong-term: 10-30 years

Milestones

2 milestones2 actions
Jan 16, 2026House

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Jan 16, 2026

Introduced in House

5 Articles

CNBCCenter

Trump, Senate Democrats want to curb corporate homebuyers -- but it may not make houses easier to buy

news_articleCenter Left

Bipartisan bill aims to block big investors from buying single-family homes

news_articleCenter Left

Democrats Counter Trump With Their Own Plan to Limit Wall Street Landlords

news_articleCenter

Senate Democrats Push New Housing Investor Ban to Counter Trump's Proposal

news_articleCenter

Democrats counter Trump's proposal to limit institutional housing investors

Source Information

Document Type

Congressional Bill

Official Title

Stop Wall Street Landlords Act of 2026

Bill NumberHR 7138
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsor

Cosponsors

(15)
D: 15

Analysis generated by AI. Always verify with official sources.