Sponsors (2)
Introduced August 1, 2025 by Jacklyn Sheryl Rosen · Last progress August 1, 2025
The bill increases federal market monitoring, enforcement, and renter protections to curb investor-driven price and screening abuses and promote equity, but does so at the cost of higher government spending, greater compliance and privacy burdens, regulatory uncertainty, and potential short-term market disruptions.
Renters, homebuyers, and homeowners nationwide would benefit from stronger federal oversight and investigations that aim to identify and curb investor-driven and anticompetitive practices that inflate prices or reduce supply.
Renters, low-income applicants, and tenants would gain greater protection through studies, transparency, and remedies for unfair or algorithmic tenant‑screening practices and related oversight by the FTC/CFPB and HUD.
Renters in multifamily properties (particularly those in Fannie Mae/Freddie Mac–financed buildings) would get stronger safeguards against sudden large rent increases, improving housing stability for low-income tenants.
Financial institutions, institutional investors, landlords, tenant‑screening firms, and some homeowners would face increased compliance, reporting, and potential penalty costs that could be passed through as higher rents, fees, or housing costs.
Renters and homeowners would face privacy risks because the law requires collecting and archiving transaction‑level and disaggregated demographic and applicant data without detailed statutory safeguards.
Homebuyers, renters, and investors could experience short-term market disruptions—reduced liquidity, tightened financing, slower transactions, or reduced investor demand—that raise housing costs or slow new housing production as markets adjust.
Based on analysis of 9 sections of legislative text.
Gives HUD authority to declare short housing crisis periods to temporarily ban unconscionably excessive rents or sale prices, adds market monitoring, investigations, tenant‑screening data collection, and GSE renter protections.
Gives the Department of Housing and Urban Development authority to declare short "affordable housing crisis" periods and temporarily prohibit "unconscionably excessive" rents or single‑family sale prices during those periods. Requires HUD to monitor markets, investigate suspicious or concentrated buying by investors, collect and analyze housing and tenant‑screening data, create a monitoring and enforcement unit, and coordinate with other federal agencies to review anti‑competitive practices and protect tenants from unfair screening and egregious rent increases.