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119-hr-7186119th CongressWALLET

American Family Housing Act

Sponsored By: Representative Miller, Mary E. [R-IL-15]

Introduced

Summary

Stops giant investment managers from buying single-family homes or taking majority control of companies that own large single-family rental portfolios. It would bar registered investment companies and private funds with more than $100 billion in assets under management from buying single-family residences or buying equity that would give them more than 49 percent control of an issuer that holds over 100 single-family homes, effective 100 days after enactment.

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  • Large investment firms: Firms with more than $100 billion in assets under management would be prohibited from acquiring single-family residences and from buying equity that produces ownership above 49 percent in qualifying issuers.
  • Issuers and private funds: The rule targets issuers that hold more than 100 single-family residences and limits outside investors from gaining controlling stakes.
  • Households and housing markets: The bill is aimed at curbing concentration of single-family rental ownership by large entities.
  • Federal sales: The prohibition explicitly covers purchases from the Federal Government.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Block huge funds from buying homes

If enacted, the bill would bar very large investment companies from buying any single-family residence, including purchases from the Federal Government. It would apply to registered investment companies or private funds with more than $100 billion in assets under management. The bill would also bar those companies from buying equity that would let them hold more than 49 percent of a company that owns more than 100 single-family homes. "Single-family residence" would mean a one-unit home with no shared walls or shared utilities and would exclude condos and co-ops. The rule would take effect 100 days after enactment.

Sponsors & CoSponsors

Sponsor

Miller, Mary E. [R-IL-15]

IL • R

Cosponsors

  • Rep. Boebert, Lauren [R-CO-4]

    CO • R

    Sponsored 1/21/2026

  • Rep. Carter, Earl L. "Buddy" [R-GA-1]

    GA • R

    Sponsored 1/22/2026

  • Rep. Harris, Andy [R-MD-1]

    MD • R

    Sponsored 2/2/2026

  • Rep. McGuire, John J. [R-VA-5]

    VA • R

    Sponsored 2/2/2026

  • Rep. Barrett, Tom [R-MI-7]

    MI • R

    Sponsored 2/24/2026

  • Rep. Biggs, Sheri [R-SC-3]

    SC • R

    Sponsored 4/20/2026

  • Rep. Tiffany, Thomas P. [R-WI-7]

    WI • R

    Sponsored 4/23/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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