S 3930·Federal·senate
HOPE (Humans over Private Equity) for Homeownership Act
In CommitteeFiled Feb 26, 2026
Sponsor: Sen. Merkley, Jeff [D-OR] (D)
Latest Action
Read twice and referred to the Committee on Finance.
Feb 26, 2026
Summary
The HOPE Act adds a 15 percent excise tax on the purchase price of any single‑family house bought by a hedge fund‑type investor. It also removes mortgage‑interest and depreciation deductions for those funds when they rent or lease the homes. The goal is to make it harder for large private‑equity investors to dominate the home‑ownership market.
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