Stopping Wall Street From Competing With Main Street Homebuyers Act

# Stopping Wall Street From Competing With Main Street Homebuyers Act (HR 7221) **What the Bill Would Do** This bill aims to restrict large investment firms and Wall Street companies from purchasing single-family homes. The legislation is designed to reduce competition between institutional investors and individual homebuyers, with the goal of making homes more affordable and accessible for ordinary Americans trying to buy their first home or relocate. **Who It Affects** The bill would directly impact large investment corporations and private equity firms that currently buy residential properties as investments. It would also affect everyday homebuyers by potentially reducing competition for available homes, which could help lower purchase prices.

Renters living in homes owned by these investment firms could also be affected depending on the bill's specific restrictions. **Current Status** HR 7221 is currently in committee and has not yet been voted on by the full House of Representatives. The bill was introduced by Representative Anna Paulina Luna (R-FL) in the 119th Congress. Since it remains in committee, it has not advanced to a vote and the specific details of what restrictions it would impose have not been finalized.