Introduced
H. R. 1745
Introduced in House · March 24, 2025February 27, 2025
Mr. Smith of Washington (for himself and Ms. Sánchez) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.
Newly acquired single-family residences
Excess single-family residences
Definitions and other special rules
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Humans over Private Equity for Homeownership Act” or the “HOPE for Homeownership Act”.