A bill to amend the Sherman Act to prohibit certain entities from purchasing residential real estate, and for other purposes.

Senate Bill

S. 3937

119th Congress

A bill to amend the Sherman Act to prohibit certain entities from purchasing residential real estate, and for other purposes.

In Committee

Introduced:Feb 26, 2026

Primary Sponsor

Josh Hawley

R - MO

Cosponsors

0

Quick Stats

Summary

This bill would prohibit certain large entities and corporations from purchasing residential real estate properties. Senator Josh Hawley introduced this legislation to address concerns about institutional investors and large companies buying up homes, which many believe contributes to housing affordability challenges and makes it harder for individual families to purchase homes.

Latest Action

Read twice and referred to the Committee on the Judiciary.

Introduced2/26/2026

StatusRead twice and referred to the Committee on the Judiciary.

ChamberSenate

Data from Congress.gov

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Vote Prediction

A bill to amend the Sherman Act to prohibit certain entities from purchasing residential real estate, and for other purposes.

This bill would prohibit certain large entities and corporations from purchasing residential real estate properties. Senator Josh Hawley introduced this legislation to address concerns about institutional investors and large companies buying up homes, which ma

Community Breakdown

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This bill would prohibit certain large entities and corporations from purchasing residential real estate properties. Senator Josh Hawley introduced this legislation to address concerns about institutional investors and large companies buying up homes, which many believe contributes to housing affordability challenges and makes it harder for individual families to purchase homes.

Bill Number: 3937
Introduced: 2/26/2026
Status: Read twice and referred to the Committee on the Judiciary.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: A bill to amend the Sherman Act to prohibit certain entities from purchasing residential real estate, and for other purposes.
Bill Number: 3937
Sponsor: No sponsor
Status: Read twice and referred to the Committee on the Judiciary.
Introduced: 2/26/2026
Summary: This bill would prohibit certain large entities and corporations from purchasing residential real estate properties. Senator Josh Hawley introduced this legislation to address concerns about institutional investors and large companies buying up homes, which many believe contributes to housing afford

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would prohibit certain large entities and corporations from purchasing residential real estate properties. Senator Josh Hawley introduced this legislation to address concerns about institutional investors and large companies buying up homes, which many believe contributes to housing affordability challenges and makes it harder for individual families to purchase homes.

Last updated: 2/28/2026

Key Points

Main provisions of the bill

Would ban specific types of entities (likely corporations and large investment firms) from buying residential homes
Uses antitrust law (the Sherman Act) as the legal framework to restrict corporate homebuying
Aims to reduce competition between individual homebuyers and institutional investors in the housing market
Could potentially increase home availability and affordability for first-time and middle-class homebuyers
Currently has no cosponsors and is in the early committee review stage

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect prospective homebuyers competing with corporate investors, real estate investment trusts, and large-scale property companies. If passed, families looking to purchase homes could face less competition from well-funded institutional buyers, potentially making homeownership more accessible. However, it could also impact rental housing supply if these entities currently convert purchases into rental properties, and would significantly change business models for companies involved in single-family home investments.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3937, 119th Congress (2026). "A bill to amend the Sherman Act to prohibit certain entities from purchasing residential real estate, and for other purposes.". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3937

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