Introduced
S. 3930
Introduced in Senate · March 16, 2026February 26, 2026
Mr. Merkley (for himself and Mr. Hawley) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family residences by hedge fund taxpayers, and for other purposes.
Newly acquired single-family residences
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 “HOPE (Humans over Private Equity) for Homeownership Act”.