S 5151
117th Congress
Senate
Taxation
End Hedge Fund Control of American Homes Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 30, 2022
Read twice and referred to the Committee on Finance.
Nov 30, 2022
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1