H. R. 9657
Introduced in House · July 16, 2026July 13, 2026
Mr. Smith of Washington (for himself, Mr. Khanna, Ms. Williams of Georgia, and Ms. Sánchez) 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 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
Housing Downpayment Trust Fund
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 “Protecting American Homes from Hedge Funds Act”.