Bill · S. 969· Senate(119-S-969)
Stop Predatory Investing Act
- Introduced
- 3/11/2025
- Last activity
- 3/11/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Raphael Warnock
- Cosponsors
- - 11 - 0
- Introduced
- In Committee
What this bill would do
The "Stop Predatory Investing Act" aims to amend the Internal Revenue Code of 1986 regarding tax deductions. It targets "disqualified single family property owners," defined as taxpayers who own 50 or more single family residential rental properties. These owners would be denied deductions for interest paid or accrued on such properties. Additionally, the bill denies depreciation deductions for these same properties. There are exceptions for when a property is sold to an individual for use as a principal residence or to a qualified nonprofit organization.
Yes
Does this make housing cost less?+7
The bill supports affordable housing by providing tax exceptions for sales to non-profit organizations focused on housing preservation.
Does this raise taxes on the highest earners?+5
The bill increases the tax burden on large-scale property owners by disallowing interest and depreciation deductions.
Would households on low incomes be better off under this?+5
The bill may benefit low-income households by facilitating affordable housing through non-profit ownership.
The opposite
Would business owners be better off under this?-6
Large-scale real estate investors will face increased tax burdens due to disallowed deductions.
Who it would affect, and how
Potential Positive Impacts for People
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Support for Affordable Housing: The bill provides exceptions that allow deductions to remain available when property is sold to a "qualified nonprofit organization" (Section 2(a)(2)(B)(ii)). These organizations include community development corporations, land banks, and community land trusts that work toward the creation, development, or preservation of affordable housing.
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Facilitating Homeownership: An exception is made for sales to individuals who intend to use the property as their "principle residence" (Section 2(a)(2)(B)(i)). This could potentially assist individuals in acquiring residential properties for personal use.
Potential Negative Impacts for People
-
Financial Burden on Large-Scale Owners: Taxpayers who own 50 or more single family residential rental properties, categorized as "disqualified single family property owners," will lose the ability to deduct interest paid or accrued in connection with those properties (Section 2(a)(1)).
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Loss of Depreciation Benefits: The bill removes the ability for disqualified single family property owners to claim depreciation deductions for their single family residential rental properties (Section 3(a)(1)).
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Restrictions on Tax Treatment of Interest: For these disqualified owners, the bill prevents the election to treat certain interest as chargeable to a capital account (Section 2(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.
- Social Issues And Justice
- Improves Affordable Housing+7
- Economy And Finance
- Increases Wealthy Taxes+5
- Demographic And Interest Groups
- Good For Low Income Households+5Good For Business Owners-6
- 10/27/2025
- 1 Cosponsor added.
- 3/11/2025
- Read twice and referred to the Committee on Finance.
- 11 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Tammy BaldwinDemocrat · Wisconsin
Richard BlumenthalDemocrat · Connecticut
Cory BookerDemocrat · New Jersey
Ruben GallegoDemocrat · Arizona
Martin HeinrichDemocrat · New Mexico
Amy KlobucharDemocrat · Minnesota
John ReedDemocrat · Rhode Island
Bernie SandersIndependent · Vermont
Tina SmithDemocrat · Minnesota
Ron WydenDemocrat · Oregon
Peter WelchDemocrat · Vermont
Elizabeth WarrenDemocrat · Massachusetts