H.R. 9657 · Where this bill is now
In committee
Introduced in the House, sent 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, Jul 13, 2026
2nd SessionH. R. 9657
A BILL
Protecting American Homes from Hedge Funds Act
Sponsor: Rep. Adam Smith (D-WA-9) · Introduced Jul 13, 2026 · Taxation · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 13, 2026: “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.”
Sections
Sections · 5
- Sec. 1Short titleNo change
- Sec. 2Excise tax on certain taxpayers failing to sell excess single-family residencesNo change
- Sec. 3Use of tax revenues for down payment assistance grantsNo change
- Sec. 4Disallowance of mortgage interest and depreciation in connection with single family residences owned by covered taxpayersNo change
- Sec. 5Prohibitions on Federal mortgage assistanceNo change