Homes for American Families Act

This bill would amend federal antitrust law so that real estate investment trusts, insurance companies, and investment companies or private funds managing at least $150 million in assets could not buy single-family homes, condominiums, townhouses, or land zoned for those homes. Such a purchase would count as a civil violation of the Sherman Act, with no criminal penalties or prison terms. The ban would apply only to purchases made after the law takes effect, and it would not apply to builders or developers constructing homes for sale to buyers who are allowed to purchase them. The Justice Department's Antitrust Division would be required to prioritize reviewing these purchases and enforcing antitrust laws against coordinated vacancy and pricing practices by these entities. The law would take effect 90 days after enactment.

Full text and official record on Congress.gov

Sponsors

• Josh Hawley Republican sponsor
• 1 cosponsors