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S. 2224 118th Congress Senate

Stop Predatory Investing Act

Official title: A bill to amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for taxpayers owning 50 or more single family properties.

Introduced: July 11, 2023 See on congress.gov
Taxation Income tax deductionsInterest, dividends, interest ratesReal estate businessState and local government operations
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 18, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-712.
Jul 11, 2023
Read twice and referred to the Committee on Finance.
Jul 11, 2023
Introduced in Senate
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 Latest action April 18, 2024

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-712.

 Plain-English summary Congressional Research Service

Stop Predatory Investing Act

This bill denies taxpayers owning 50 or more single family properties any tax deduction for interest paid or accrued in connection with any single family residential rental property. It also disallows depreciation of residential rental property owned by such taxpayers.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 9

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 9 filings →
 Cosponsors 12
All 12 Democratic 11 Independent 1
D
Blumenthal, Richard
Connecticut · Nov 21, 2024
 D
Welch, Peter
Vermont · Sep 10, 2024
 D
Klobuchar, Amy
Minnesota · Jan 24, 2024
 I
Sanders, Bernard
Vermont · Dec 20, 2023
 D
Whitehouse, Sheldon
Rhode Island · Sep 18, 2023
 D
Baldwin, Tammy
Wisconsin · Jul 11, 2023
 D
Fetterman, John
Pennsylvania · Jul 11, 2023
 D
Merkley, Jeff
Oregon · Jul 11, 2023
 D
Reed, Jack
Rhode Island · Jul 11, 2023
 D
Smith, Tina
Minnesota · Jul 11, 2023
 D
Warren, Elizabeth
Massachusetts · Jul 11, 2023
 D
Wyden, Ron
Oregon · Jul 11, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2224: Stop Predatory Investing Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-2224/
MLA
"S. 2224: Stop Predatory Investing Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-2224/.
Bluebook (legal)
S. 2224, 118th Cong. (2026), https://openamerica.io/bill/118-S-2224/.
Markdown link
[S. 2224: Stop Predatory Investing Act](https://openamerica.io/bill/118-S-2224/)
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