CONGRESS FOR VOTERS

DemocratBill · S. 1796· Senate(119-S-1796)

HART Act

Rep. Klobuchar
Age: 66 years
Minnesota
Introduced
5/15/2025
Last activity
5/15/2025 — Read twice and referred to the Committee on the Judiciary.
Sponsored by
Amy Klobuchar
Cosponsors
Democrat - 7Republican - 0
Commerce
  1. Introduced
  2. In Committee

What this bill would do

The HART Act aims to modify premerger notification requirements under the Clayton Act. It focuses on the acquisition of residential property, which includes dwellings like single-family homes, condominiums, and multifamily housing. The bill stipulates that all acquisitions of residential property by a single person within one calendar year should be treated as a single acquisition. This change requires notifications to be filed when those combined acquisitions hit certain thresholds. Additionally, it provides specific exemptions and mandates that the Federal Trade Commission update federal regulations to match these changes.

Yes· 3 of 7

  • Does this make housing cost less?+6

    Increased transparency and oversight in residential property acquisitions may mitigate housing shortages.

  • Does this make what the government does easier for the public to see?+5

    Mandating disclosure of aggregated property acquisitions increases transparency in the housing market.

  • Does this give people more protection from unfair business practices?+5

    Enhanced oversight of residential property acquisitions may prevent market consolidation that harms consumers.

The opposite· 3 of 5

  • Would business owners be better off under this?-4

    Real estate investors face new notification duties and potential regulatory hurdles.

  • Would high-income households be better off under this?-3

    The new aggregation and notification requirements may increase the costs and administrative burdens of acquiring property.

  • Would people with substantial wealth be better off under this?-3

    The bill imposes more stringent reporting requirements on multiple acquisitions within a single year.