[Congressional Record Volume 172, Number 41 (Wednesday, March 4, 2026)]
[Senate]
[Page S845]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4325. Mr. SCHIFF submitted an amendment intended to be proposed by 
him to the bill H.R. 6644, a bill to increase the supply of housing in 
America, and for other purposes; which was ordered to lie on the table; 
as follows:

       At the appropriate place, insert the following:

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

       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.''.
                                 ______