American Family Housing Act

This bill would change the Investment Company Act of 1940 to bar large-scale companies from buying single family homes, starting 100 days after it becomes law. A large-scale company is defined as a registered investment company or private fund with more than $100 billion in assets under management. These companies also could not buy shares in a company that owns more than 100 single family homes if the purchase would give them more than 49 percent ownership. Condominium and cooperative housing units are not counted as single family homes under the bill.

Full text and official record on Congress.gov

Sponsors

• Mary E. Miller Republican sponsor
• 7 cosponsors