Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-7586119th CongressWALLET
American Families First Act
Sponsored By: Representative Stutzman, Marlin A. [R-IN-3]
In Committee
Summary
Prioritizes individual homebuyers over large institutional investors in government-backed single-family housing. This bill would require federal housing agencies and government-sponsored enterprises to adopt rules that limit sales, guarantees, and financing that steer single-family homes to large investors.
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- Families: Makes it harder for big investors to buy homes tied to federal programs. Encourages sales to individual owner-occupants through first-look policies, disclosure rules, and anti-circumvention measures.
- Agencies and government-sponsored enterprises: Within 180 days the relevant agencies must issue guidance. They must define a "large institutional investor", and restrict providing, approving, insuring, guaranteeing, securitizing, or otherwise facilitating investor purchases and disposals of Federal single-family assets.
- Large institutional investors and developers: Bars acquisitions of single-family homes via federal approvals or financing, while allowing narrowly tailored exceptions for planned build-to-rent communities and other limited agency-determined exceptions.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Limit big investors buying single-family homes
If enacted, this bill would require five federal housing agencies to issue guidance within 180 days. The guidance would, to the maximum extent permitted by law, define "large institutional investor" for each agency. It would tell agencies and government-sponsored enterprises not to approve, insure, guarantee, securitize, or otherwise help large investors buy single-family homes that individual owner-occupants could buy. The guidance would also restrict federal disposals that transfer single-family homes to large institutional investors. It would promote sales of real-estate-owned properties to individual owner-occupants using first-look purchaser policies, disclosures, and anti-circumvention rules. Narrow exceptions would be allowed for build-to-rent communities that are planned, permitted, financed, and constructed as rental developments, and agencies may adopt other narrowly tailored exceptions to further owner-occupant goals.
Sponsors & CoSponsors
Sponsor
Stutzman, Marlin A. [R-IN-3]
IN • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov