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WI SB208
Prohibiting hedge funds from acquiring single-family homes in this state. (FE)
summary
Introduced
04/16/2025
04/16/2025
In Committee
04/16/2025
04/16/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
This bill prohibits a hedge fund from acquiring a single-family home in this state. The bill provides that an ownership interest in a single-family home acquired or owned by a hedge fund in violation of the bill is forfeited to the state and that the attorney general is responsible for enforcement. For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
AI Summary
This bill prohibits hedge funds from acquiring or owning single-family homes in Wisconsin by establishing a clear legal definition and enforcement mechanism. A hedge fund is specifically defined as a financial organization that manages pooled investor funds, has at least $50 million in net assets, and is not a tax-exempt nonprofit organization under the Internal Revenue Code. Under this proposed legislation, any hedge fund that acquires or owns a single-family home in the state will automatically forfeit its ownership interest to the state, with the state attorney general responsible for enforcing this prohibition. The bill applies to both future home acquisitions and any existing ownership interests held by hedge funds at the time the law takes effect. The underlying intent appears to be preventing large financial entities from purchasing residential properties, potentially to protect individual homebuyers and maintain local housing markets, though the specific rationale is not elaborated in the bill text.
Committee Categories
Agriculture and Natural Resources
Sponsors (41)
Tim Carpenter (D)*,
Kristin Dassler-Alfheim (D)*,
Dora Drake (D)*,
Jodi Habush Sinykin (D)*,
Dianne Hesselbein (D)*,
LaTonya Johnson (D)*,
Sarah Keyeski (D)*,
Chris Larson (D)*,
Brad Pfaff (D)*,
Melissa Ratcliff (D)*,
Jeff Smith (D)*,
Mark Spreitzer (D)*,
Jamie Wall (D)*,
Bob Wirch (D)*,
Clint Anderson (D),
Mike Bare (D),
Elijah Behnke (R),
Brienne Brown (D),
Ryan Clancy (D),
Karen DeSanto (D),
Ben DeSmidt (D),
Jodene Emerson (D),
Joan Fitzgerald (D),
Russell Goodwin (D),
Kalan Haywood (D),
Francesca Hong (D),
Alex Joers (D),
Tara Johnson (D),
Darrin Madison (D),
Renuka Mayadev (D),
Vincent Miresse (D),
Supreme Moore Omokunde (D),
Greta Neubauer (D),
Lori Palmeri (D),
Amaad Rivera-Wagner (D),
Joe Sheehan (D),
Christine Sinicki (D),
Lee Snodgrass (D),
Angela Stroud (D),
Shelia Stubbs (D),
Angelito Tenorio (D),
Last Action
Fiscal estimate received (on 06/06/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb208 |
| Fiscal Note - SB208: Fiscal Estimate From CTS | https://docs.legis.wisconsin.gov/2025/related/fe/sb208/sb208_cts.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB208.pdf |
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