CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 473· Senate(119-SAMDT-473)

To establish a deficit-neutral reserve fund relating to the impacts of hedge fund ownership of single-family homes and rent prices.

Rep. Merkley
Age: 70 years
Oregon
Introduced
2/20/2025
Last activity
2/20/2025 — Amendment SA 473 not agreed to in Senate by Yea-Nay Vote. 48 - 52. Record Vote Number: 64.
Sponsored by
Jeff Merkley
Cosponsors
Democrat - 3Republican - 0
Changes bill
119-SCONRES-7 — An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.
  1. Introduced
  2. Failed

What this amendment would do

Mr. Merkley, along with Mr. Warnock, Mr. Van Hollen, and Mr. Ossoff, proposed amendment SA 473 to the concurrent resolution for the fiscal year 2025 congressional budget. The purpose of this amendment is to add a deficit-neutral reserve fund that relates to reducing the impacts of hedge fund ownership of single-family homes and rent prices.

What it Aims to Change or Add

This amendment aims to allow the Chairman of the Committee on the Budget of the Senate to revise committee allocations, aggregates, and other appropriate levels in the resolution. It also allows the Chairman to make adjustments to the pay-as-you-go ledger.

These revisions and adjustments can be made for legislation relating to lowering rent for American families, provided that the legislation does not increase the deficit over the total period of fiscal years 2025 through 2034.

The legislation for lowering rent may include:

  • Reducing the single-family housing market share of large single-family housing investors
  • Addressing the impact of these investors' activities on housing availability
  • Addressing the impact on housing affordability
  • Addressing the impact on eviction rates
  • Addressing the impact on home maintenance
  • Addressing the impact on gentrification

What Congress actually voted on

One recorded vote has been taken on this amendment.

  • The Senate: a vote on a proposed change to the billAmendment Rejected 48–52

    A vote on one change, not on the bill. A bill can collect dozens of these, and losing one does not stop it.

    02/20/2025 · Roll call 64 · recorded as “On the Amendment S.Amdt. 473 to S.Con.Res. 7 (No short title on file)”