Ban Wall Street hedge funds and private equity firms from buying up single-family homes.

This legislation would address the high cost of housing for Granite Staters by banning Wall Street hedge funds and private equity firms from buying up single-family homes...

Pappas supported the housing package's ban on hedge funds and private equity firms buying single-family homes.

Major Housing Bill with Pappas Provisions Heads to President’s Desk | Congressman Chris Pappas
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The Senate recorded Vote Number 182 on June 22, 2026: Motion to Concur in the House Amendment to the Senate Amendment to H.R. 6644 with an Amendment (SA 5823). The motion was agreed to, 85 yeas to 5 nays.

Within the lookback window, the Senate approved an amended H.R. 6644 housing package, but this was a Senate action on an amended bill, not final enactment of a ban.

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U.S. Senate Roll Call Vote 119th Congress - 2nd Session, Vote 182
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The Guardian reported that the Senate-passed 21st Century Road to Housing Act would limit investors' ability to buy homes and restrict large investors from acquiring more single-family homes if they already own 350 or more properties.

Recent reporting describes the Senate amendment as containing an institutional-investor single-family-home purchase restriction, indicating partial legislative progress but not enacted law.

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US Senate passes bipartisan bill to lower housing costs
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Congress.gov lists H.R. 6644 with latest action received in the Senate on February 11, 2026 and status Passed House. The tracker still includes later steps Passed Senate, To President, and Became Law as incomplete on this page.

Official bill tracking shows H.R. 6644 was not law on the viewed Congress.gov record, so the commitment had not been fully delivered by enactment.

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H.R.6644 - Housing for the 21st Century Act
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The House Clerk recorded H.R. 6644, Housing for the 21st Century Act, as passed 390-9 on February 9, 2026. Rep. Pappas, Democrat of New Hampshire, voted Yea.

Pappas supported the House housing vehicle, but the House-passed version did not itself prove delivery of a hedge-fund/private-equity single-family-home purchase ban.

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Roll Call 57 | Bill Number: H.R. 6644
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The House-passed text available on Congress.gov contains housing supply and program provisions; searches of the text did not find terms such as institutional, hedge, or private equity.

The House text Pappas voted for did not contain the specific Wall Street hedge fund/private equity single-family-home ban, supporting that full delivery remained unresolved.

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Text - H.R.6644 - Housing for the 21st Century Act
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Congress.gov says H.R. 6608, the End Hedge Fund Control of American Homes Act, was introduced December 5, 2023, referred to House committees, and had status Introduced. CRS summarized it as imposing an excise tax on hedge fund taxpayers owning excess single-family residences.

A prior Congress had a direct bill aimed at hedge-fund ownership of single-family homes, but it did not advance beyond introduction and Pappas was not listed among its cosponsors.

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H.R.6608 - End Hedge Fund Control of American Homes Act
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