Stop Post-Disaster Vultures Act

This bill would amend the federal disaster relief law (the Stafford Act) to limit property purchase offers after a major disaster. It defines an institutional investor as any person or entity that owns, directly or indirectly, at least 75 single-family homes. For 6 months after a major disaster is declared, these investors could not make offers to buy any lot, parcel, or home in the affected area, whether by mail, wire, or any other type of solicitation or contact. If any part of the section is ruled unconstitutional, the rest would remain in effect.

Full text and official record on Congress.gov

Sponsors

• Adam B. Schiff Democrat sponsor
• 0 cosponsors