HR 7186
American Family Housing Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the American Family Housing Act, aims to limit the ability of large investment companies to purchase single-family homes. It proposes to add a new section to the Investment Company Act of 1940, restricting companies with over $100 billion in assets from buying single-family residences or significantly increasing their stake in companies that own many homes. The goal is to protect the availability of housing for individual families. This legislation focuses on preventing large-scale investment firms from potentially driving up housing prices and reducing housing options for average Americans.
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Primary sponsor
Cosponsors
John J. McGuire
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