S. 3961

Summary

S. 3961, the Stop Post-Disaster Vultures Act, was introduced in the Senate on Mar 2, 2026 by Sen. Adam Schiff (D). It was referred to Homeland Security And Governmental Affairs, and last saw action on Mar 2, 2026: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Record

Text

S. 3961 has no co-sponsors and has not gone to a roll call.

II  119th CONGRESS  2d Session  S. 3961  IN THE SENATE OF THE UNITED STATES   March 2, 2026   Mr. Schiff  introduced the following bill; which was read twice and referred to the  Committee on Homeland Security and Governmental Affairs    A BILL
To prohibit solicitation by institutional investors after a major disaster, and for other purposes.
1.
Short title
This Act may be cited as the   Stop Post-Disaster Vultures Act  .
2.
Prohibition on solicitation by institutional investors after major disasters
(a)
In general
Title IV of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170) is amended by adding at the end the following:
431.
Prohibition on solicitation by institutional investors
(a)
Institutional investor defined
In this section, the term  institutional investor  means, with respect to any taxable year, any individual or entity that owns, directly or indirectly, not less than 75 single-family homes.
(b)
Prohibition
During the 6-month period following the declaration of a major disaster under section 401, an institutional investor may not make an offer to purchase a property, including any lot, parcel, or home, located within the area affected by the major disaster—
(1)
through the mail or any interstate wire; or
(2)
through any other type of solicitation or method of contact.
(c)
Severability
If any provision of this section or the application of such provision is held to be unconstitutional, the remainder of this section, and the application of the provision to any other person or circumstance, shall not be affected.
 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

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

Sponsors

Sen. Adam Schiff (D) sponsors S. 3961 alone.

Adam Schiff

Sen. · D–CA · Sponsor

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Committees

S. 3961 went before 1 committee: Homeland Security and Governmental Affairs.

Homeland Security and Governmental Affairs

Homeland Security and Governmental Affairs

Referred To · Mar 2, 2026 · 444 Bills

Actions

S. 3961 has taken 2 actions since Mar 2, 2026.

Votes

S. 3961 has not gone to a roll call.

Titles

S. 3961 goes by 3 titles, 1 of them short titles.

• Stop Post-Disaster Vultures Act — Display Title
• Stop Post-Disaster Vultures Act — Short Title(s) as Introduced
• A bill to prohibit solicitation by institutional investors after a major disaster, and for other purposes. — Official Title as Introduced

Lobbying

4 clients hired 3 firms and 25 registered lobbyists who named S. 3961 in 7 quarterly filings, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Housing, Taxation/Internal Revenue Code, Alcohol and Drug Abuse, Automotive Industry, Budget/Appropriations, Clean Air and Water (quality), Consumer Issues/Safety/Products, Defense.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 25.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files S. 3961 under Emergency Management, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 3961’s is Emergency Management.

Source: congress.gov · legiscan.com