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Congress·In Committee·S. 3961

Sen. Schiff Introduces Stop Post-Disaster Vultures Act to Block Corporate Home Purchases After Emergencies

Stop Post-Disaster Vultures Act

17 days ago·View on Congress.gov

Legislative Progress

Senate
House
President
Law

Key Points

  • This bill would ban large investors who own 75 or more single-family homes from making any offers to buy property in disaster zones for six months after a major disaster is declared. The goal is to stop corporate buyers from pressuring vulnerable homeowners into quick sales.

    From policy text

    “During the 6-month period following the declaration of a major disaster under section 401, an institutional investor may not make an offer to purchase a property, including any lot, parcel, or home, located within the area affected by the major disaster”
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  • The ban covers all forms of contact — mail, phone, email, or any other method of reaching out to property owners. This means institutional investors cannot use any channel to solicit purchases from disaster-affected homeowners.
  • An "institutional investor" is defined broadly as any individual or company that owns at least 75 single-family homes, directly or indirectly. This targets large-scale corporate landlords and investment firms, not smaller landlords or typical homebuyers.

    From policy text

    “the term `institutional investor' means, with respect to any taxable year, any individual or entity that owns, directly or indirectly, not less than 75 single-family homes”
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  • The bill was introduced by Sen. Schiff and referred to the Committee on Homeland Security and Governmental Affairs. It would amend the Stafford Disaster Relief and Emergency Assistance Act, the main federal law governing disaster response.

    From policy text

    “Title IV of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170) is amended by adding at the end the following”
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HousingEconomy FinanceCriminal Justice

Impact Analysis

Personal Impact

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

Milestones

2 milestones2 actions
Mar 2, 2026Senate

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Mar 2, 2026

Introduced in Senate

What Happens Next

Projected impacts based on AI analysis

Upon enactment, applies to future disaster declarations

Six-month purchase solicitation ban would automatically activate after any future major disaster declaration

If this bill becomes law, every time the president declares a major disaster, large corporate investors would be automatically blocked from contacting property owners in the affected area for six months.

Source Information

Document Type

Congressional Bill

Official Title

Stop Post-Disaster Vultures Act

Bill NumberS 3961
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sponsor

Analysis generated by AI. Always verify with official sources.