S 788
HOPE (Humans over Private Equity) for Homeownership Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:37 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The HOPE (Humans over Private Equity) for Homeownership Act proposes a new tax on hedge funds that fail to dispose of excess single-family residences they’ve acquired. It establishes a system of progressively increasing excise taxes based on the number of residences owned, aiming to incentivize these funds to sell properties. Furthermore, the bill disallows mortgage interest deductions and depreciation for owners subject to this tax, effectively penalizing the continued accumulation of these residences. This legislation is intended to address concerns about the impact of private equity firms on housing markets.
Sponsors
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Primary sponsor
Cosponsors
Angus S., Jr. King
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