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Bill > AB213

WI AB213

Prohibiting hedge funds from acquiring single-family homes in this state. (FE)

summary

Introduced
04/23/2025
In Committee
04/23/2025
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 framework for such a restriction. The bill first defines a hedge fund as a financial organization that manages pooled investor funds, has at least $50 million in net value or assets under management, and is not a tax-exempt nonprofit organization. Under the proposed law, any hedge fund that attempts to acquire or own a single-family home in Wisconsin, either wholly or partially, would be in violation of the statute. If a hedge fund does acquire a home in violation of this law, the ownership interest would be automatically forfeited to the state. The Attorney General would be responsible for enforcing this prohibition. The bill is designed to apply to both future home acquisitions and any existing ownership interests held by hedge funds at the time the law goes into effect. By preventing hedge funds from purchasing single-family homes, the legislation aims to protect the residential real estate market and potentially help maintain housing affordability for individual homebuyers.

Committee Categories

Housing and Urban Affairs

Sponsors (40)

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)*,  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),  Bob Wirch (D), 

Last Action

Fiscal estimate received (on 06/16/2025)

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