Stop Wall Street Landlords Act of 2026
Sponsored By: Representative Khanna
Introduced
Summary
Limits big investors' tax advantages on single-family rentals. This bill would deny common property tax deductions, add a large excise tax on sales, and block federal mortgage support to curb large-scale ownership of 1–4 unit rental homes.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Big landlords lose rental tax breaks
If enacted, very large investors (more than $100,000,000 in net assets) would lose tax deductions for most 1–4 unit rental homes. The bill would disallow mortgage interest, mortgage insurance, and depreciation deductions for those investors, but it would exempt an investor's principal residence and homes they originally built or substantially rehabilitated. The bill would also impose an excise tax on sales by those investors equal to the sale price of the home. These rules would start for payments, depreciation, sales, and transfers more than 18 months after enactment, and related owners would be treated as a single taxpayer under group rules.
No federal mortgage support for big investors
If enacted, the housing finance regulator would be required to bar Fannie Mae and Freddie Mac from newly buying, securitizing, or lending on mortgages where the mortgagee is a specified large investor. The bill would also bar Ginnie Mae from guaranteeing securities or buying mortgages that include such investor-originated loans. The rule would use the same $100,000,000 net-asset test as the tax provisions in the bill.
Transfer taxes fund lowest-income housing
If enacted, amounts collected under the investor transfer tax would be deposited into the federal Housing Trust Fund. Congress would need to appropriate the deposits before the money could be spent. The funds would be used to increase and preserve rental housing affordable to extremely low- and very low-income families, including homeless families.
Sponsors & CoSponsors
Sponsor
Khanna
CA • D
Cosponsors
Rep. Watson Coleman, Bonnie [D-NJ-12]
NJ • D
Sponsored 1/16/2026
Rep. Deluzio, Christopher R. [D-PA-17]
PA • D
Sponsored 1/16/2026
Rep. García, Jesús G. "Chuy" [D-IL-4]
IL • D
Sponsored 1/16/2026
Jackson (IL)
IL • D
Sponsored 1/16/2026
Simon
CA • D
Sponsored 1/16/2026
Rep. Takano, Mark [D-CA-39]
CA • D
Sponsored 1/16/2026
Rep. Frost, Maxwell [D-FL-10]
FL • D
Sponsored 1/16/2026
Rep. Tlaib, Rashida [D-MI-12]
MI • D
Sponsored 1/16/2026
Rep. Tokuda, Jill N. [D-HI-2]
HI • D
Sponsored 1/16/2026
Rep. Lee, Summer L. [D-PA-12]
PA • D
Sponsored 1/16/2026
Rep. Kelly, Robin L. [D-IL-2]
IL • D
Sponsored 1/16/2026
Cherfilus-McCormick
FL • D
Sponsored 1/16/2026
Rep. Thanedar, Shri [D-MI-13]
MI • D
Sponsored 1/16/2026
Rep. Vasquez, Gabe [D-NM-2]
NM • D
Sponsored 1/27/2026
Grijalva
AZ • D
Sponsored 2/4/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov