Stop Wall Street Landlords Act of 2026

This bill would change federal tax law for investors whose assets, minus debts, are worth more than $100 million, not counting governments and 501(c)(3) charities. These investors could not deduct mortgage interest, insurance costs, or depreciation on homes with 1 to 4 units, with exceptions for an individual's main home, homes the investor built or substantially rehabilitated, and federally assisted housing. The bill would also tax these investors an amount equal to the sale price when they sell or transfer such a home, with the money going to the federal Housing Trust Fund for low-income rental housing. It would bar Fannie Mae, Freddie Mac, and Ginnie Mae from newly buying, backing, or guaranteeing mortgages held by these investors. The tax changes would start 18 months after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Ro Khanna Democrat sponsor
• 16 cosponsors