Bill · H.R. 7221· House(119-HR-7221)
Stopping Wall Street From Competing With Main Street Homebuyers Act
- Introduced
- 1/22/2026
- Last activity
- 1/22/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Anna Paulina Luna
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the "Stopping Wall Street From Competing With Main Street Homebuyers Act," seeks to amend the Investment Company Act of 1940. It aims to prohibit certain large private funds and registered investment companies from purchasing single family homes. Under the proposed rules, a covered fund would be prohibited from making new purchases of single family homes 90 days after enactment. Additionally, funds that already own such homes would be required to sell them off over a 10-year period. This divestment must happen at a rate of at least 10 percent of the holdings annually.
Yes· 3 of 6
Does this make it easier to run a small business?+5
By prohibiting large investment funds from competing for single-family homes, the bill reduces competition for individual homebuyers and potentially smaller market participants.
Would middle-income households be better off under this?+4
Reducing institutional competition in the residential market may improve opportunities for middle-class homebuyers.
Does this make housing cost less?+4
The bill aims to increase housing availability for individuals by forcing large institutional investors to divest from single-family residential properties.
The opposite· 3 of 5
Would the very wealthiest people be better off under this?-5
The mandate specifically targets large private funds with over $500 million in assets, affecting the highest levels of institutional wealth.
Would billionaires be better off under this?-5
Large-scale asset holders and institutional fund managers are prohibited from further single-family home acquisitions.
Would people with substantial wealth be better off under this?-4
The bill imposes strict limitations and mandatory sell-offs on large funds that manage significant assets.
Who it would affect, and how
Potential Positive Impacts for People
-
Limits competition from large entities: The bill stops "covered funds" from purchasing single family homes, which includes residential structures or mobile homes containing one family housing unit (Section 2, Section 12A(a) and Section 12A(c)(3)).
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Encourages gradual exit of large holders: By requiring a phased divestment of at least 10 percent of holdings annually, the bill forces large funds to sell their residential properties over a 10-year period (Section 2, Section 12A(b)(2)).
Potential Negative Impacts for People
-
Restrictions on specific large investors: The bill imposes strict rules on "covered funds," which include registered investment companies, real estate investment trusts, or private funds with more than $500,000,000 in assets or those that owned 100 or more single-family homes or purchased more than 5 in a 30-day period (Section 2, Section 12A(c)(1)).
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Mandatory sell-off requirements: Funds that currently hold single family homes are legally required to divest of their holdings within 10 years (Section 2, Section 12A(b)(1)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Middle Class Households+4Good For Low Income Households+3Good For Urban Residents+2Good For Billionaires-5Good For Ultra High Net Worth Individuals-5Good For High Net Worth Individuals-4Good For Business Owners-3Good For High Income Households-2
- Social Issues And Justice
- Improves Affordable Housing+4Improves Poverty Reduction+2
- Economy And Finance
- Improves Small Business Support+5
- 1/22/2026
- Referred to the House Committee on Financial Services.
- Introduced in House