Bans large corporations from buying single-family homes and prohibits a central bank digital currency.
This bill would stop big investment firms from buying most single-family homes. This aims to make more houses available for regular people to buy. It also bans the Federal Reserve from creating a digital currency. The bill suggests many other housing program changes, like grants for home repairs and easier small mortgages. But it clearly states no new money is set aside to pay for these programs.
Today, large investment firms can purchase single-family homes, and the Federal Reserve can explore or develop a central bank digital currency. Federal housing programs operate under existing rules for inspections, environmental reviews, and loan limits. After this bill, large investment firms would be largely blocked from buying single-family homes, and the Federal Reserve would be prohibited from issuing a central bank digital currency. Many housing program rules would be updated to streamline processes, increase loan limits, and offer new grants for repairs and small mortgages, though these would require separate funding.
HRES 1299 · 119th Congress · May 19, 2026 · AI Summary by gemini-2.5-flash · 5/10
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