Establish a 50 percent tax penalty on hedge funds that purchase additional single-family homes.

The Protecting American Homes from Hedge Funds Act would: Establish a tax penalty of 50 percent of the sale price for hedge funds purchasing additional single-family homes

Smith's press release says the bill he introduced would impose a 50 percent sale-price tax penalty on hedge funds buying more single-family homes.

Reps. Smith, Khanna, Sánchez, and Williams Introduce Protecting American Homes from Hedge Funds Act | Congressman Adam Smith
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