H. R. 7138
Introduced in House · February 6, 2026January 16, 2026
Mr. Khanna (for himself, Mrs. Watson Coleman, Mr. Deluzio, Mr. García of Illinois, Mr. Jackson of Illinois, Ms. Simon, Mr. Takano, Mr. Frost, Ms. Tlaib, Ms. Tokuda, Ms. Lee of Pennsylvania, Ms. Kelly of Illinois, Mrs. Cherfilus-McCormick, and Mr. Thanedar) introduced the following bill; which was 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
A BILL
To amend the Internal Revenue Code of 1986 to disallow the deduction of certain expenses relating to ownership of single-family homes by specified large investors, to impose an excise tax on the sale of such homes by such investors, and to prohibit Federal mortgage assistance relating to certain large investors.
Tax on transfers of single-family homes by specified large investors
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 “Stop Wall Street Landlords Act of 2026”.