Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The Stop Wall Street Landlords Act would prevent investors with more than $100 million in net assets from deducting mortgage interest and depreciation on single‑family homes they own, and would levy a tax equal to the sale price when they sell those homes. The revenue would be deposited into the Housing Trust Fund to support ultra‑low‑income rental housing. It also bars federal mortgage programs like Fannie Mae and Freddie Mac from assisting these investors.
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