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.

Senate Bill

S. 3930

119th Congress

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.

In Committee

Introduced:Feb 26, 2026

Primary Sponsor

Jeff Merkley

D - OR

Cosponsors

0

Quick Stats

Summary

Senator Merkley has introduced legislation to discourage hedge funds and large investment firms from buying single-family homes by imposing a special tax on their purchases. The bill aims to reduce competition that everyday homebuyers face from institutional investors who have been purchasing residential properties in bulk, which many experts believe drives up home prices and reduces homeownership opportunities for families.

Latest Action

Read twice and referred to the Committee on Finance.

Introduced2/26/2026

StatusRead twice and referred to the Committee on Finance.

ChamberSenate

Data from Congress.gov

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Vote Prediction

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.

Senator Merkley has introduced legislation to discourage hedge funds and large investment firms from buying single-family homes by imposing a special tax on their purchases. The bill aims to reduce competition that everyday homebuyers face from institutional i

Community Breakdown

Pass

0%

Fail

0%

0 predictions

Senator Merkley has introduced legislation to discourage hedge funds and large investment firms from buying single-family homes by imposing a special tax on their purchases. The bill aims to reduce competition that everyday homebuyers face from institutional investors who have been purchasing residential properties in bulk, which many experts believe drives up home prices and reduces homeownership opportunities for families.

Bill Number: 3930
Introduced: 2/26/2026
Status: Read twice and referred to the Committee on Finance.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: 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.
Bill Number: 3930
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Finance.
Introduced: 2/26/2026
Summary: Senator Merkley has introduced legislation to discourage hedge funds and large investment firms from buying single-family homes by imposing a special tax on their purchases. The bill aims to reduce competition that everyday homebuyers face from institutional investors who have been purchasing reside

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

Senator Merkley has introduced legislation to discourage hedge funds and large investment firms from buying single-family homes by imposing a special tax on their purchases. The bill aims to reduce competition that everyday homebuyers face from institutional investors who have been purchasing residential properties in bulk, which many experts believe drives up home prices and reduces homeownership opportunities for families.

Last updated: 2/28/2026

Key Points

Main provisions of the bill

Creates a new excise tax specifically targeting hedge funds and similar large investment entities when they purchase single-family homes
Addresses the growing trend of institutional investors buying up residential properties, which has made homeownership more difficult and expensive for ordinary families
Would not affect individual homebuyers, small landlords, or traditional real estate investors—only large hedge fund-type operations
Seeks to preserve single-family housing stock for people looking to buy homes to live in, rather than allowing these properties to become investment portfolios for Wall Street firms

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect large institutional investors and hedge funds that have increasingly purchased single-family homes as investment assets. For everyday Americans, particularly first-time homebuyers and families looking to purchase homes, the bill could reduce competition from deep-pocketed corporate buyers and potentially slow home price increases in competitive markets. Communities struggling with housing affordability and declining homeownership rates could see improved access to available homes for resident buyers rather than investor landlords.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3930, 119th Congress (2026). "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.". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3930

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