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End Hedge Fund Control of American Homes Act
12/29/2022, 8:33 AM
Congressional Summary of S 5151
End Hedge Fund Control of American Homes Act
This bill imposes an excise tax, with certain exclusions, on individuals who own more than 100 single family homes. The amount of such tax is the product of $20,000 and the number of homes owned over 100.
The bill establishes a Housing Trust Fund into which the excise tax amounts shall be deposited and used to provide grants for down payment assistance.
Read the Full Bill
Current Status of Bill S 5151
Bill S 5151 is currently in the status of Bill Introduced since November 30, 2022. Bill S 5151 was introduced during Congress 117 and was introduced to the Senate on November 30, 2022. Bill S 5151's most recent activity was Read twice and referred to the Committee on Finance. as of November 30, 2022
Bipartisan Support of Bill S 5151
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 5151
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 5151
End Hedge Fund Control of American Homes Act
End Hedge Fund Control of American Homes Act
A bill to prohibit individuals and entities from owning more than 100 single-family residences, and for other purposes.
Comments
Sponsors and Cosponsors of S 5151
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