Homes for American Families Act
Sponsored By: Senator Hawley, Josh [R-MO]
Introduced
Summary
Prohibits large institutional buyers from purchasing residential real estate. This bill would add a new provision to the Sherman Act that bars purchases of single-family homes, condominiums, townhouses, and land zoned for those properties by defined "covered entities" and sets a $150 million assets-under-management threshold for many funds.
Show full summary
- Families and sellers: Sellers and households would no longer be able to sell residential property to covered entities such as real estate investment trusts or insurance companies.
- Large investors and funds: Real estate investment trusts, insurance companies, and investment companies or private funds with at least $150 million in assets under management would be prohibited from buying those properties.
- Enforcement and scope: The bill inserts a new Sherman Act provision for targeted antitrust scrutiny and applies tax-code aggregation rules so affiliated entities count toward the assets-under-management threshold.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Limits on institutional home buying
If enacted, this bill would make purchases of residential real estate by certain large investors a civil antitrust violation. It would define "covered entities" to include REITs, insurance companies, and investment companies or private funds with $150,000,000 or more in assets under management. The bill would require the Justice Department to prioritize review and enforcement of covered-entity purchases and coordinated vacancy or pricing tactics. The statute would take effect 90 days after enactment, and the purchase rule would apply to purchases made on or after the date of enactment. Builders or developers selling units intended for private ownership would be exempt, and the violation would be civil only (no criminal penalties).
Sponsors & CoSponsors
Sponsor
Hawley, Josh [R-MO]
MO • R
Cosponsors
Sen. Merkley, Jeff [D-OR]
OR • D
Sponsored 2/26/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov