Homes for American Families Act
Sens. Hawley and Merkley Introduce Bipartisan Bill to Ban Wall Street Firms from Buying Houses
Legislative Progress
Key Points
Impact Analysis
Personal Impact
Many large institutional investors own tens of thousands of single-family rental homes. While this bill wouldn't force them to sell existing properties, it would block them from buying more. Over time, this could reduce the number of corporate-owned rental homes, potentially giving renters more opportunities to become homeowners. However, if fewer rental units are available from institutional landlords, some renters could face short-term supply pressure depending on local market conditions.
“Paragraph (1) shall only apply to the purchase of residential real estate on or after the date of enactment of this section.”
Milestones
Read twice and referred to the Committee on the Judiciary.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
3 articles
Bipartisan bill aims to block big investors from buying single-family homes
Senators Josh Hawley (R-Mo.) and Jeff Merkley (D-Ore.) introduced the Homes for American Families Act to ban large investment firms from snapping up single-family homes. The bill amends the Sherman Antitrust Act to target firms with over $150 million in assets to improve housing affordability.
Bipartisan Homes for American Families Act Aims To Ban Large Investors From Buying Single-Family Homes
Introduced by Sens. Hawley and Merkley, the bill defines large entities as REITs, insurance companies, or private funds with at least $150 million in assets. It empowers the DOJ to scrutinize deals for anticompetitive practices like coordinated vacancy and pricing strategies in local markets.
New legislation offers clarity on corporate home purchase ban
The Homes for American Families Act, introduced by Sens. Merkley and Hawley, seeks to block institutional investors—defined as companies or funds with $150 million or more in assets—from buying single-family homes, following President Trump's State of the Union pledge to address the issue.
Source Information
Document Type
Congressional Bill
Official Title
Homes for American Families Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.