S 3402
118th 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
Dec 5, 2023
Read twice and referred to the Committee on Finance.
Dec 5, 2023
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1