3.0.0 969 2026-01-23T19:39:12Z 2026-01-23T19:39:12Z Senate S S 2025-03-11 119 https://www.congress.gov/bill/119th-congress/senate-bill/969 ssfi00 Finance Committee Senate Standing Referred To 2025-03-11T22:33:52Z 119 4352 HR 2025-07-10 Referred to the House Committee on Ways and Means. Related bill CRS 2025-03-11 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2025-03-11 Introduced in Senate IntroReferral 10000 9 Library of Congress W000790 Sen. Warnock, Raphael G. [D-GA] Raphael Warnock D GA N S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2025-03-11 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2025-03-11 True B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2025-03-11 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2025-03-11 True G000574 Sen. Gallego, Ruben [D-AZ] Ruben Gallego D AZ 2025-03-11 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2025-03-11 True S000033 Sen. Sanders, Bernard [I-VT] Bernie Sanders I VT 2025-03-11 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2025-03-11 True W000800 Sen. Welch, Peter [D-VT] Peter Welch D VT 2025-03-11 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2025-03-11 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2025-03-11 True H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM 2025-10-27 False Taxation Taxation 2025-05-08T19:08:31Z

00 2025-03-11 Introduced in Senate 2026-01-23T19:37:54Z <p><strong>Stop Predatory Investing Act </strong></p><p>This bill prohibits a taxpayer who owns (directly or indirectly) 50 or more single-family&nbsp;residential rental properties (disqualified single-family property owner) from claiming a federal tax deduction for interest paid (or accrued) in connection with such properties or a federal tax deduction for depreciation in connection with such properties.</p><p>The bill generally defines a <em>single-family residential rental property</em> as any residential rental property containing four or fewer dwelling units and improvements to real property related to such dwelling units.</p><p>However, under the bill, a disqualified single-family property owner may still claim a tax deduction for interest and depreciation on (1) single-family residential rental property for which the low-income housing tax credit (LIHTC) may be claimed and (2) certain newly constructed single-family residential rental properties. (The LIHTC program awards tax credits for newly-constructed or substantially rehabilitated low-income housing.)</p><p>The bill also allows a disqualified single-family property owner to claim a federal tax deduction for interest or depreciation in connection with a single-family residential rental property in the year such property is sold if it is sold to</p><ul><li>an individual for use as a principal residence;</li><li>a non-profit organization that creates, develops, or preserves affordable housing;</li><li>certain community development organizations;</li><li>a land bank;</li><li>any resident-owned cooperative or community land trust; or</li><li>a public housing agency subsidiary.</li></ul>

Display Title 45 2025-10-28T11:03:14Z Short Title(s) as Introduced 101 2025-03-29T02:23:20Z Introduced in Senate IS Official Title as Introduced 6 2025-03-29T02:18:57Z Introduced in Senate IS Introduced in Senate 2025-03-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119s969is/xml/BILLS-119s969is.xml 2025-03-11 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.