[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3961 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 3961

   To prohibit solicitation by institutional investors after a major 
                   disaster, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 2, 2026

  Mr. Schiff introduced the following bill; which was read twice and 
referred to the Committee on Homeland Security and Governmental Affairs

_______________________________________________________________________

                                 A BILL


 
   To prohibit solicitation by institutional investors after a major 
                   disaster, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Stop Post-Disaster Vultures Act''.

SEC. 2. PROHIBITION ON SOLICITATION BY INSTITUTIONAL INVESTORS AFTER 
              MAJOR DISASTERS.

    (a) In General.--Title IV of the Robert T. Stafford Disaster Relief 
and Emergency Assistance Act (42 U.S.C. 5170) is amended by adding at 
the end the following:

``SEC. 431. PROHIBITION ON SOLICITATION BY INSTITUTIONAL INVESTORS.

    ``(a) Institutional Investor Defined.--In this section, the term 
`institutional investor' means, with respect to any taxable year, any 
individual or entity that owns, directly or indirectly, not less than 
75 single-family homes.
    ``(b) Prohibition.--During the 6-month period following the 
declaration of a major disaster under section 401, an institutional 
investor may not make an offer to purchase a property, including any 
lot, parcel, or home, located within the area affected by the major 
disaster--
            ``(1) through the mail or any interstate wire; or
            ``(2) through any other type of solicitation or method of 
        contact.
    ``(c) Severability.--If any provision of this section or the 
application of such provision is held to be unconstitutional, the 
remainder of this section, and the application of the provision to any 
other person or circumstance, shall not be affected.''.
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