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S 3402 118th Congress Senate Taxation

End Hedge Fund Control of American Homes Act

Introduced: December 5, 2023 Introduced by: Merkley, Jeff Democratic · Oregon See on congress.gov
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 5, 2023
Read twice and referred to the Committee on Finance.
Dec 5, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

End Hedge Fund Control of American Homes Act

This bill imposes an excise tax on hedge fund taxpayers that own a certain number of single-family residences in excess of a specified amount.

The bill establishes the Housing Downpayment Trust Fund into which tax revenues from this bill shall be deposited to provide grants for down payment assistance to taxpayers purchasing a single-family residence.

What's happening now December 5, 2023

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 6608 Identical bill End Hedge Fund Control of American Homes Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

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

 Cosponsors 1
All 1 Democratic 1
D
Smith, Tina
Minnesota · Dec 5, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3402: End Hedge Fund Control of American Homes Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-3402/
MLA
"S. 3402: End Hedge Fund Control of American Homes Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3402/.
Bluebook (legal)
S. 3402, 118th Cong. (2026), https://openamerica.io/bill/118-S-3402/.
Markdown link
[S. 3402: End Hedge Fund Control of American Homes Act](https://openamerica.io/bill/118-S-3402/)
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