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- S.5151
S.5151: End Hedge Fund Control of American Homes Act
About This Bill
- Introduced Nov. 30, 2022
- Latest Major Action Nov. 30, 2022
Bill Sponsor
Bill Version
- Introduced in Senate - Nov. 30, 2022
Bill Summary
End Hedge Fund Control of American Homes Act This bill imposes an excise tax, with certain exclusions, on individuals who own more than 100 single family homes. The amount of such tax is the product of $20,000 and the number of homes owned over 100. The bill establishes a Housing Trust Fund into which the excise tax amounts shall be deposited and used to provide grants for down payment assistance.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Nov. 30, 2022 |
Read twice and referred to the Committee on Finance.
|
| Nov. 30, 2022 |
Introduced in the Senate by Jeff Merkley (D-Ore.) |