Congress·In Committee·H.R. 7186

American Family Housing Act

Congress Proposes Ban on Investment Firms with Over $100 Billion Buying Single-Family Homes

To amend the Investment Company Act of 1940 to prohibit certain large-scale companies from purchasing single family residences.

Jan 21·View on Congress.gov·Read full text

Next up: A house committee

This bill is currently in the House Committee on Financial Services. It has not had any action since January 2026, which is a period of five months. Most bills like this do not receive a committee vote, and this proposal is not moving forward at this time.

Legislative Progress

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Key Points

This bill, introduced by Representative Miller of Illinois, would stop massive investment companies and private funds from buying single-family houses. It specifically targets the largest firms that manage more than $100 billion in assets.
The goal is to prevent these giant companies from competing with regular families for homes. By limiting how many houses these firms can buy, the policy aims to make more homes available for individual buyers and potentially lower housing prices.
The ban would also stop these large firms from buying more than 49% of any smaller company that already owns more than 100 single-family homes. This prevents big investors from getting around the rules by taking over smaller real estate businesses.
The rules would apply to standalone houses meant for one family. It does not include apartments, condos, or co-ops where people share walls or utilities.
If passed, the new rules would start 100 days after the bill becomes law. This gives the government and the housing market a few months to prepare for the change.

HousingEconomy Finance

Impact Analysis

Personal Impact

Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works

The impact on renters is uncertain. On one hand, if large investment firms buy fewer single-family homes, there could be fewer corporate-managed rental properties, which some tenants might see as a positive. On the other hand, reducing the supply of professionally managed rental homes could tighten the rental market in some areas and push rents higher for people who aren't ready to buy. The net effect depends heavily on local housing conditions.

ImpactCertaintyScopeDurationSentiment

Milestones

2 milestones2 actions

Jan 21, 2026House

Referred to the House Committee on Financial Services.

Jan 21, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Related News

5 articles

Washington Examiner·Jan 22

Mary Miller introduces bill to block investors from 'crowding families out of homes'

Rep. Mary Miller (R-IL) introduced the American Family Housing Act to amend the Investment Company Act of 1940, prohibiting firms with over $100 billion in assets from buying single-family homes. The bill follows a Trump executive order aiming to lower prices for first-time homebuyers.

Center Right

The Hill·Jan 21

GOP Lawmaker Targets 'Wall Street Landlords' in New Housing Push

Representative Mary Miller's new legislation seeks to curb the influence of massive investment firms in the residential market. The bill would empower the SEC to enforce a ban on large-scale purchases of single-family residences by firms managing more than $100 billion in assets.

Center

Politico·Feb 10

Anti-Single-Family Rental Bills Gain Traction in House Financial Services Committee

The American Family Housing Act (H.R. 7186) was featured in a House Financial Services Committee hearing titled 'Priced Out of the American Dream.' The bill targets large institutional investors and includes provisions to stop firms from evading rules via indirect ownership of smaller entities.

Center Left

No votes or related bills recorded for this bill yet.