3.0.0 5151 2022-12-29T08:33:28Z 2022-12-29T08:33:28Z Senate S 2022-11-30 117 ssfi00 Finance Committee Senate Standing Referred to 2022-11-30T18:28:15Z 2022-11-30 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2022-11-30 Introduced in Senate IntroReferral 10000 9 Library of Congress M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR N Taxation Taxation 00 2022-11-30 Introduced in Senate 2022-12-06T15:32:41Z 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.

]]> End Hedge Fund Control of American Homes Act Display Title End Hedge Fund Control of American Homes Act Short Title(s) as Introduced End Hedge Fund Control of American Homes Act Introduced in Senate IS Official Title as Introduced A bill to prohibit individuals and entities from owning more than 100 single-family residences, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-11-30T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s5151is/xml/BILLS-117s5151is.xml 2022-11-30 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.