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Amends section 302(c) of the National Housing Act (12 U.S.C. 1717(c)) by adding a new paragraph (6) that prohibits the Association (Ginnie Mae) from newly guaranteeing payment on, or purchasing or acquiring, any trust certificate, security, or mortgage under which the mortgagee is a 'specified large investor' as defined in IRC section 280I(b).
Adds a new section (designated '1329 Prohibition relating to specified large investors') to Subpart A of part 2 of subtitle A of title XIII of the Housing and Community Development Act of 1992 to direct the Director, by regulation, to prohibit the enterprises from newly purchasing or lending on, or securitizing, any single-family mortgage (or interest therein) under which the mortgagee is a specified large investor (as defined in IRC section 280I(b)).
Inserts a new subchapter after subchapter D of chapter 36 of subtitle D of the Internal Revenue Code of 1986 to establish an excise tax on transfers of single-family homes by specified large investors.
Adds new section 280I to Part IX of subchapter B of chapter 1 of subtitle A of the Internal Revenue Code of 1986 disallowing certain deductions related to single-family homes held by specified large investors.
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.
Introduced January 16, 2026 by Ro Khanna · Last progress January 16, 2026
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.
Introduced in House