A bill to prohibit solicitation by institutional investors after a major disaster, and for other purposes.

Senate Bill

S. 3961

119th Congress

A bill to prohibit solicitation by institutional investors after a major disaster, and for other purposes.

In Committee

Introduced:Mar 2, 2026

Primary Sponsor

Sponsor information unavailable

Cosponsors

0

Quick Stats

Summary

This bill would make it illegal for institutional investors (such as investment firms and large financial companies) to solicit or contact property owners after a major disaster has been declared. The goal is to protect disaster victims from being pressured to sell their damaged properties during vulnerable times.

Latest Action

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Introduced3/2/2026

StatusRead twice and referred to the Committee on Homeland Security and Governmental Affairs.

ChamberSenate

Data from Congress.gov

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Vote Prediction

A bill to prohibit solicitation by institutional investors after a major disaster, and for other purposes.

This bill would make it illegal for institutional investors (such as investment firms and large financial companies) to solicit or contact property owners after a major disaster has been declared. The goal is to protect disaster victims from being pressured to

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would make it illegal for institutional investors (such as investment firms and large financial companies) to solicit or contact property owners after a major disaster has been declared. The goal is to protect disaster victims from being pressured to sell their damaged properties during vulnerable times.

Bill Number: 3961
Introduced: 3/2/2026
Status: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: A bill to prohibit solicitation by institutional investors after a major disaster, and for other purposes.
Bill Number: 3961
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Introduced: 3/2/2026
Summary: This bill would make it illegal for institutional investors (such as investment firms and large financial companies) to solicit or contact property owners after a major disaster has been declared. The goal is to protect disaster victims from being pressured to sell their damaged properties during vu

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would make it illegal for institutional investors (such as investment firms and large financial companies) to solicit or contact property owners after a major disaster has been declared. The goal is to protect disaster victims from being pressured to sell their damaged properties during vulnerable times.

Last updated: 3/4/2026

Key Points

Main provisions of the bill

The bill prohibits institutional investors from soliciting property owners in areas affected by major disasters.
It aims to prevent large investment companies from taking advantage of homeowners who may be vulnerable after natural disasters like hurricanes, floods, or wildfires.
The prohibition would apply specifically to institutional investors, which are typically large financial firms rather than individual buyers.
The bill has been referred to the Committee on Homeland Security and Governmental Affairs for consideration.

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect homeowners and property owners in disaster-affected areas by limiting contact from institutional investors seeking to purchase their properties. It would also impact institutional investors and investment firms by restricting their ability to solicit property purchases in federally declared disaster zones. The legislation seeks to provide disaster victims with breathing room to make informed decisions about their properties without pressure from large financial entities.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3961, 119th Congress (2026). "A bill to prohibit solicitation by institutional investors after a major disaster, and for other purposes.". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3961

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