Protecting American Homes from Hedge Funds Act
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 measure proposes an excise tax on hedge funds that own more single‑family residences than allowed and fail to dispose of the excess properties. It targets hedge funds holding these homes, aiming to encourage them to sell the surplus. The bill has been referred to the Ways and Means and Financial Services committees for further consideration.
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