S. 5151 · 117th Congress
End Hedge Fund Control of American Homes Act
- Stage
- In committee
- Sponsor
- Jeff Merkley
- Introduced
- 2022-11-30
- Latest action
- 2022-11-30 · Introduced in Senate
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.