Stop Wall Street Landlords Act of 2026 | ChamberLight
Bills · HR 7138
IN COMMITTEE· 119TH CONGRESS
House BillHR 7138Taxation
Stop Wall Street Landlords Act of 2026
INTRO JAN 16· LAST ACTION JAN 16
READING
7MIN
COSPONSORS
17
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8
Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-written
Voters should care about this bill because it aims to address a growing concern in many housing markets: the increasing presence of large corporate investors buying up single-family homes. Many argue this trend makes it harder for average families to afford to buy homes, drives up prices, and shifts more homeownership into the hands of a few large entities. If this bill becomes law, it would significantly alter the financial incentives for these large investors, potentially leading them to sell off some of their single-family home portfolios or deterring them from future purchases, which could reduce competition for individual buyers.
If this bill does not pass, the current financial landscape for large investors in the single-family housing market would remain unchanged. They would continue to benefit from existing tax deductions and potentially federal mortgage assistance, which some argue contributes to their competitive advantage over individual homebuyers. The debate around this bill reflects a broader discussion about housing affordability, wealth distribution, and the role of corporations in essential markets, directly impacting whether individuals can achieve homeownership or find stable, affordable rental housing.
KEY PROVISIONS
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PROVISION 01
Disallows certain tax deductions (mortgage interest, insurance, depreciation) for single-family homes owned by investors with over $100 million in assets.
This makes it significantly less profitable for large investors to hold single-family homes as rental properties.
PROVISION 02
Imposes an excise tax equal to the sale price on transfers of single-family homes by these specified large investors.
This provision creates a strong financial disincentive for large investors to sell off or 'flip' these properties for profit.
PROVISION 03
Prohibits federal mortgage assistance (e.g., from Fannie Mae or Freddie Mac) for single-family homes acquired by these large investors.
This removes a potential financing advantage that large investors might have when purchasing homes.
PROVISION 04
Directs funds collected from the excise tax to the Housing Trust Fund, which supports affordable housing programs.
This provides a dedicated revenue stream for initiatives aimed at increasing the supply of affordable housing.
PROVISION 05
Defines 'single-family home' to include properties with 1-4 dwelling units, but excludes the investor's principal residence, newly constructed homes, and federally-assisted buildings.
This clarifies which types of properties and ownership situations are targeted by the bill, avoiding impacts on small landlords, homeowners, or existing affordable housing.
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Voters should care about this bill because it aims to address a growing concern in many housing markets: the increasing presence of large corporate investors buying up single-family homes. Many argue this trend makes it harder for average families to afford to buy homes, drives up prices, and shifts more homeownership into the hands of a few large entities. If this bill becomes law, it would significantly alter the financial incentives for these large investors, potentially leading them to sell off some of their single-family home portfolios or deterring them from future purchases, which could reduce competition for individual buyers.
If this bill does not pass, the current financial landscape for large investors in the single-family housing market would remain unchanged. They would continue to benefit from existing tax deductions and potentially federal mortgage assistance, which some argue contributes to their competitive advantage over individual homebuyers. The debate around this bill reflects a broader discussion about housing affordability, wealth distribution, and the role of corporations in essential markets, directly impacting whether individuals can achieve homeownership or find stable, affordable rental housing.
KEY PROVISIONS
AI-extracted
high
Disallows certain tax deductions (mortgage interest, insurance, depreciation) for single-family homes owned by investors with over $100 million in assets.
This makes it significantly less profitable for large investors to hold single-family homes as rental properties.
high
Imposes an excise tax equal to the sale price on transfers of single-family homes by these specified large investors.
This provision creates a strong financial disincentive for large investors to sell off or 'flip' these properties for profit.
med
Prohibits federal mortgage assistance (e.g., from Fannie Mae or Freddie Mac) for single-family homes acquired by these large investors.
This removes a potential financing advantage that large investors might have when purchasing homes.
med
Directs funds collected from the excise tax to the Housing Trust Fund, which supports affordable housing programs.
This provides a dedicated revenue stream for initiatives aimed at increasing the supply of affordable housing.
high
Defines 'single-family home' to include properties with 1-4 dwelling units, but excludes the investor's principal residence, newly constructed homes, and federally-assisted buildings.
This clarifies which types of properties and ownership situations are targeted by the bill, avoiding impacts on small landlords, homeowners, or existing affordable housing.
After 18 months following the date of enactment of this Act.
Amendments regarding disallowance of deductions and excise tax apply to amounts paid/incurred, depreciation, sales, and transfers.
GLOSSARY
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Internal Revenue Code of 1986
The official body of U.S. federal tax laws.
Disallow the deduction
To prevent a taxpayer from subtracting certain expenses from their taxable income, which would normally reduce their tax bill.
Excise tax
A special tax placed on the sale or transfer of specific goods or services, rather than on income or property value.
Single-family home
For the purpose of this bill, any residential property in the U.S. that contains between 1 and 4 separate living units.
Specified large investor
An individual or group with total assets exceeding $100 million at any point during a tax year.
Depreciation
A tax deduction that allows businesses to recover the cost of certain property, like buildings, over time as it 'wears out' or loses value.
Federal mortgage assistance
Government-backed programs or entities (like Fannie Mae or Freddie Mac) that help people and organizations get mortgages to buy property.
ACTION TIMELINE
2 EVENTS
JAN 16
Introduced in House
INTROREFERRAL
JAN 16
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
A federal fund established to provide grants to states and local areas to increase and preserve the supply of affordable rental housing for low-income families.
