The Stop Post-Disaster Vultures Act would prevent large institutional investors from buying properties in disaster-stricken areas for six months after a major disaster is officially declared. The bill defines institutional investors as individuals or entities that own at least 75 single-family homes and prohibits them from soliciting property purchases within the affected disaster area—whether through mail, phone, online, or any other contact method. This restriction is intended to protect vulnerable disaster victims from aggressive buying tactics by large investors seeking to acquire properties at reduced prices when homeowners are in distress. The legislation amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act and includes a severability clause to preserve the law if any provision is found unconstitutional. No specific funding is allocated in the bill, as it operates as a regulatory prohibition rather than a funded program.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.