A bill to prohibit solicitation by institutional investors after a major disaster, and for other purposes.

# Summary of S. 3961 **What the Bill Would Do** S. 3961 aims to restrict large institutional investors (like hedge funds, private equity firms, and investment companies) from aggressively buying up properties and assets immediately following major disasters such as hurricanes, earthquakes, or floods. The bill would prohibit these investors from soliciting purchases from disaster-affected homeowners and property owners during the immediate aftermath, presumably to prevent vulnerable people from being pressured into unfavorable deals when they're distressed and making quick decisions. **Who It Affects and Current Status** The bill would primarily affect disaster survivors who own homes or property, protecting them from aggressive investment solicitations during crisis periods.

It would also impact large investment firms that typically purchase distressed properties after disasters. Currently, S. 3961 is in committee and has not advanced to a floor vote in the Senate, meaning it remains in the early legislative stage and its prospects for passage are uncertain. The bill was introduced by Senator Adam Schiff (D-CA).