Introduced
S. 788
Introduced in Senate · March 26, 2025February 27, 2025
Mr. Merkley (for himself, Mr. King, Mr. Van Hollen, Mr. Gallego, Mr. Sanders, and Mr. Kelly) 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 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 “HOPE (Humans over Private Equity) for Homeownership Act”.