Bill > HR7186

This bill, titled the American Family Housing Act, amends the Investment Company Act of 1940 to prevent large financial entities from buying up single-family homes. Specifically, it prohibits "large-scale companies," defined as registered investment companies or private funds (which are investment companies exempt from certain regulations) with over $100 billion in assets under management, from purchasing single-family residences or acquiring enough equity in companies that own more than 100 single-family residences to control them. A single-family residence is defined as a dwelling unit for one household that functions independently, excluding units in condominiums or cooperative housing projects. This measure aims to address concerns about large corporations acquiring residential properties, potentially impacting housing availability and affordability for families.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/7186/all-info