To impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.
About This Bill
Committee
Latest Action · July 13, 2026
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Protecting American Homes from Hedge Funds Act imposes significant taxes and restrictions on hedge funds and other large investment firms that accumulate single-family homes. The bill creates a 50% excise tax on new single-family home purchases by these firms and an annual $50,000-per-property tax on holdings exceeding allowable limits, which decline to zero over nine years for hedge funds while other large investors must reduce to 50 properties plus a declining percentage of their baseline. Additionally, the legislation prohibits government-sponsored mortgage enterprises like Fannie Mae and Freddie Mac from providing mortgage support to these large institutional investors, effectively cutting them off from federal lending markets. The combined effect of these taxes and restrictions is intended to discourage hedge funds and similar investment firms from purchasing and holding large numbers of single-family homes that might otherwise be available to individual homebuyers. The bill was introduced in July 2026 and referred to the House Committees on Ways and Means and Financial Services for consideration.
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