H.R. 6608 · 118th Congress · House

End Hedge Fund Control of American Homes Act

Active· Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determi…
Introduced
Dec 5, 23
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

End Hedge Fund Control of American Homes Act

This bill imposes an excise tax on hedge fund taxpayers that own a certain number of single-family residences in excess of a specified amount.

The bill establishes the Housing Downpayment Trust Fund into which tax revenues from this bill shall be deposited to provide grants for down payment assistance to taxpayers purchasing a single-family residence.

Action Timeline

4
  1. DEC 05, 2023•IntroReferral

    Introduced in House

  2. DEC 05, 2023•IntroReferral

    Introduced in House

  3. DEC 05, 2023•IntroReferral

    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.

  4. DEC 05, 2023•IntroReferral

    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.

Committees

2

Financial Services Committee

hsba00

Referred: Dec 5, 2023

Active

Ways and Means Committee

hswm00

Referred: Dec 5, 2023

Active