H.R. 7186

119 HR 7186 IH: American Family Housing Act
 U.S. House of Representatives
 2026-01-21
 text/xml
 EN
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 I  119th CONGRESS  2d Session  H. R. 7186  IN THE HOUSE OF REPRESENTATIVES   January 21, 2026   Mrs. Miller of Illinois  (for herself and  Ms. Boebert ) introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To amend the Investment Company Act of 1940 to prohibit certain large-scale companies from purchasing single family residences.
1.
Short title
This Act may be cited as the   American Family Housing Act  .
2.
Restrictions on purchasing single family residences
The Investment Company Act of 1940 ( 15 U.S.C. 80a–1 et seq. ) is amended by inserting after section 12 the following:
12A.
Restrictions on purchasing single family residences
(a)
In general
Beginning on the date that is 100 days after the date of the enactment of this section, a large-scale company may not—
(1)
purchase (including from the Federal Government) any single family residence; or
(2)
purchase the equity securities of a qualified issuer if such purchase would result in holding more than 49 percent of the equity securities of such qualified issuer.
(b)
Definitions
In this section:
(1)
Large-scale company
The term  large-scale company  means a registered investment company or private fund with more than $100,000,000,000 in assets under management.
(2)
Private fund
The term  private fund  means an issuer that would be an investment company, but for paragraph (1) or (7) of section 3(c).
(3)
Qualified issuer
The term  qualified issuer  means an issuer that holds, as assets, more than 100 single family residences.
(4)
Single family residence
The term  single family residence —
(A)
means a residence—
(i)
consisting of 1 dwelling unit built for one household to live in; and
(ii)
that functions as an independent living space without shared walls or shared utilities; and
(B)
does not include a dwelling unit in a condominium or cooperative housing project.
 .