Bill117th CongressFiled Nov 30, 2022Taxation
S. 5151
End Hedge Fund Control of American Homes Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Nov 30, 2022)
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.
What just happenedNov 30, 2022
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Merkley, Jeff [D-OR](D-OR)Sponsor
1committees2actions
- Introduced in SenateNov 30, 2022
- Nov 30, 2022IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Nov 30, 2022IntroReferral10000
Introduced in Senate