Stop Wall Street Landlords Act of 2024

Hozzl · 2024-11-19T09:05:34Z

Explore the details of House Bill 10028 Stop Wall Street Landlords Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

11/19/2024, 9:05 AM

Summary of Bill HR 10028

The Stop Wall Street Landlords Act of 2024, also known as Bill 118 hr 10028, is a piece of legislation introduced in the US Congress aimed at addressing issues related to large investment firms and corporations buying up residential properties and renting them out at high prices.

The main goal of the bill is to protect tenants from unfair practices by these Wall Street landlords, such as sudden rent increases, neglect of maintenance and repairs, and unjust evictions. The bill seeks to provide more rights and protections for renters, including limits on rent increases, requirements for timely repairs, and restrictions on evictions without just cause.

Additionally, the Stop Wall Street Landlords Act of 2024 includes provisions to increase transparency and accountability for these large property owners, such as requiring them to disclose ownership information and rental histories, as well as imposing penalties for violations of tenant rights. Overall, the bill aims to level the playing field between tenants and Wall Street landlords, ensuring that renters are treated fairly and have access to safe, affordable housing. It is currently being debated in Congress and has garnered support from advocates for affordable housing and tenant rights.

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Current Status of Bill HR 10028

Bill HR 10028 is currently in the status of Bill Introduced since October 22, 2024. Bill HR 10028 was introduced during Congress 118 and was introduced to the House on October 22, 2024. Bill HR 10028's most recent activity was 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. as of October 22, 2024

Bipartisan Support of Bill HR 10028

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Policy Area and Potential Impact of Bill HR 10028

Primary Policy Focus

Alternate Title(s) of Bill HR 10028

To amend the Internal Revenue Code of 1986 to disallow the deduction of certain expenses relating to ownership of single-family homes by specified large investors, to impose an excise tax on the sale of such homes by such investors,, and to prohibit Federal mortgage assistance relating to certain large investors.

Comments

Nico Price

692

1 year ago

I don't think it's fair what they're trying to do with this. It's gonna hurt a lot of people in the long run. #HRBill10028 #NotCool Short term, it's gonna cause chaos in the housing market.

Sylvie York

629

1 year ago

Why they do this? What's the point?

Kaysen Woodward

712

1 year ago

I think this bill is really interesting and could have a big impact on housing in the US. It seems like a good idea to make sure large investors aren't taking advantage of the system. Can't wait to see how it all plays out!

Barrett Stark

656

1 year ago

This bill is a disaster! It's gonna hurt small landlords like me and give more power to big Wall Street investors. Can't believe they're pushing this through. #NotCool

Morgan Pope

669

1 year ago

I think this bill is a good idea. It will help regular folks like me afford homes without big investors driving up prices. It's about time we level the playing field. Can't wait to see how this helps me out!