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        <title>Stop Predatory Investing Act</title>
        <congress>118</congress>
        <number>9937</number>
        <type>HR</type>
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          <actionDate>2024-10-04</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <fullName>Sen. Brown, Sherrod [D-OH]</fullName>
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        <lastName>Brown</lastName>
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        <fullName>Sen. Wyden, Ron [D-OR]</fullName>
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        <lastName>Wyden</lastName>
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        <sponsorshipDate>2023-07-11</sponsorshipDate>
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        <fullName>Sen. Reed, Jack [D-RI]</fullName>
        <firstName>John</firstName>
        <lastName>Reed</lastName>
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        <state>RI</state>
        <middleName>F.</middleName>
        <sponsorshipDate>2023-07-11</sponsorshipDate>
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      <item>
        <bioguideId>S001203</bioguideId>
        <fullName>Sen. Smith, Tina [D-MN]</fullName>
        <firstName>Tina</firstName>
        <lastName>Smith</lastName>
        <party>D</party>
        <state>MN</state>
        <sponsorshipDate>2023-07-11</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>M001176</bioguideId>
        <fullName>Sen. Merkley, Jeff [D-OR]</fullName>
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        <sponsorshipDate>2023-07-11</sponsorshipDate>
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      <item>
        <bioguideId>F000479</bioguideId>
        <fullName>Sen. Fetterman, John [D-PA]</fullName>
        <firstName>John</firstName>
        <lastName>Fetterman</lastName>
        <party>D</party>
        <state>PA</state>
        <middleName>K.</middleName>
        <sponsorshipDate>2023-07-11</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>W000817</bioguideId>
        <fullName>Sen. Warren, Elizabeth [D-MA]</fullName>
        <firstName>Elizabeth</firstName>
        <lastName>Warren</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>A.</middleName>
        <sponsorshipDate>2023-07-11</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>B001230</bioguideId>
        <fullName>Sen. Baldwin, Tammy [D-WI]</fullName>
        <firstName>Tammy</firstName>
        <lastName>Baldwin</lastName>
        <party>D</party>
        <state>WI</state>
        <sponsorshipDate>2023-07-11</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>W000802</bioguideId>
        <fullName>Sen. Whitehouse, Sheldon [D-RI]</fullName>
        <firstName>Sheldon</firstName>
        <lastName>Whitehouse</lastName>
        <party>D</party>
        <state>RI</state>
        <sponsorshipDate>2023-09-18</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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        <bioguideId>S000033</bioguideId>
        <fullName>Sen. Sanders, Bernard [I-VT]</fullName>
        <firstName>Bernard</firstName>
        <lastName>Sanders</lastName>
        <party>I</party>
        <state>VT</state>
        <sponsorshipDate>2023-12-20</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <item>
        <bioguideId>K000367</bioguideId>
        <fullName>Sen. Klobuchar, Amy [D-MN]</fullName>
        <firstName>Amy</firstName>
        <lastName>Klobuchar</lastName>
        <party>D</party>
        <state>MN</state>
        <sponsorshipDate>2024-01-24</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <item>
        <bioguideId>W000800</bioguideId>
        <fullName>Sen. Welch, Peter [D-VT]</fullName>
        <firstName>Peter</firstName>
        <lastName>Welch</lastName>
        <party>D</party>
        <state>VT</state>
        <sponsorshipDate>2024-09-10</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001277</bioguideId>
        <fullName>Sen. Blumenthal, Richard [D-CT]</fullName>
        <firstName>Richard</firstName>
        <lastName>Blumenthal</lastName>
        <party>D</party>
        <state>CT</state>
        <sponsorshipDate>2024-11-21</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Income tax deductions</name>
          <updateDate>2024-05-08T20:04:25Z</updateDate>
        </item>
        <item>
          <name>Interest, dividends, interest rates</name>
          <updateDate>2024-05-08T20:04:33Z</updateDate>
        </item>
        <item>
          <name>Real estate business</name>
          <updateDate>2024-05-08T20:04:39Z</updateDate>
        </item>
        <item>
          <name>State and local government operations</name>
          <updateDate>2024-05-08T20:04:46Z</updateDate>
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      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
        <updateDate>2023-08-09T15:30:27Z</updateDate>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-07-11</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2023-10-24T19:09:20Z</updateDate>
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          <text>&lt;p&gt; &lt;strong&gt;Stop Predatory Investing Act &lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill denies taxpayers owning 50 or more single family properties any tax deduction for interest paid or accrued in connection with any single family residential rental property. It also disallows depreciation of residential rental property owned by such taxpayers.&lt;/p&gt;</text>
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    </summaries>
    <title>Stop Predatory Investing Act</title>
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        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Stop Predatory Investing Act</title>
        <updateDate>2024-11-22T12:03:17Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Stop Predatory Investing Act</title>
        <updateDate>2024-05-24T13:38:02Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>A bill to amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for taxpayers owning 50 or more single family properties.</title>
        <updateDate>2024-04-19T06:11:41Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
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    </titles>
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        <type>Introduced in Senate</type>
        <date>2023-07-11T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-118s2224is/xml/BILLS-118s2224is.xml</url>
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    <latestAction>
      <actionDate>2024-04-18</actionDate>
      <text>Committee on Banking, Housing, and Urban Affairs. Hearings held.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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