S. 3402 · 118th Congress
End Hedge Fund Control of American Homes Act
- Stage
- In committee
- Sponsor
- Jeff Merkley
- Introduced
- 2023-12-05
- Latest action
- 2023-12-05 · Introduced in Senate
Summary
End Hedge Fund Control of American Homes Act
This bill imposes an excise tax on hedge fund taxpayers that own a certain number of single-family residences in excess of a specified amount.
The bill establishes the Housing Downpayment Trust Fund into which tax revenues from this bill shall be deposited to provide grants for down payment assistance to taxpayers purchasing a single-family residence.