Stop Wall Street Landlords Act of 2026
Stop Wall Street Landlords Act of 2026
Plain Language Summary
# Stop Wall Street Landlords Act of 2026 – Summary **What the Bill Would Do** The Stop Wall Street Landlords Act of 2026 aims to restrict large investment firms and corporations from purchasing single-family homes. The bill would limit Wall Street companies and other institutional investors from buying residential properties, with the intent of keeping homes available for individual homebuyers rather than having them consolidated into corporate rental portfolios. **Who It Affects** This legislation would primarily impact large institutional investors, private equity firms, and corporate entities that purchase residential properties. It would also affect renters and prospective homebuyers by potentially reducing corporate ownership of single-family homes, which sponsors argue could improve housing affordability and availability.
Existing homeowners would not be directly affected. **Current Status** As of now, the bill is in committee, meaning it has been introduced but has not yet advanced to a full floor vote in the House of Representatives. The bill was sponsored by Representative Ro Khanna (D-CA) in the 119th Congress. For the bill to become law, it would need to pass both the House and Senate and receive the President's signature.
Latest Action
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.