Rep. Anna Paulina Luna introduced new legislation to stop large institutional investors and corporate giants from buying up America’s single-family homes... The bill bans corporations with more than $500 million in assets under management, as well as firms that purchase more than five single-family homes in a 30 day period, from acquiring additional single-family homes in the United States. To unwind existing corporate dominance in the housing market, the legislation also requires covered institutional investors to fully divest their current single-family home holdings within 10 years, with a phased requirement to sell at least 10 percent of their homes each year following enactment.
I will support legislation that prohibits large institutional investors and corporate entities from purchasing additional single-family homes in the United States, and requires covered investors to divest existing holdings over time.
Occurrences
Evidence
The House passed the 21st Century Road to Housing Act 396-13. The House version kept a partial restriction on institutional investors buying existing single-family homes, but it removed the Senate language that would have forced investors to divest holdings within seven years.
House and Senate leaders reached a compromise on the housing bill that keeps a near-ban on large institutional investors buying existing single-family homes, while dropping the more controversial requirement that build-to-rent investors sell within seven years.
GovInfo identifies H.R. 6644 as the enrolled 21st Century ROAD to Housing Act, with bill version ENR and last action date June 25, 2026.
Section 1001 is titled "Homes are for people, not corporations" and provides: "No large institutional investor may purchase" a single-family home.
The enrolled text states that nothing in the section may "require any large institutional investor to divest" pre-enactment single-family homes.
The enrolled bill authorizes civil penalties for violating the purchase prohibition and makes the prohibition effective 180 days after enactment for 15 years.
The Senate amendment included a seven-year disposal requirement for certain excepted purchases, while separately excluding required divestment of pre-enactment homes.
Congress.gov records H.R. 6644 passed the House 390-9 on February 9, 2026; Luna, Anna Paulina [R-FL] is listed as Yea.
GovInfo records a House engrossed amendment to H.R. 6644 dated May 20, 2026, before the later enrolled bill dated June 25, 2026.
The article reports the 21st-Century ROAD to Housing Act passed the Senate 85-5 and the House 358-32, while presidential signature remained unsettled.
Assessments
Luna supported H.R. 6644 in the 119th Congress, and the enrolled bill includes an enforceable prospective ban on large institutional investors purchasing single-family homes. However, the final text expressly says it may not be construed to require large institutional investors to divest pre-enactment holdings, so the divestment portion of the promise was not delivered. Because the meaningful progress occurred in a later House term and only part of the promised policy was included, partial credit is appropriate.
The available evidence shows Congress advanced only part of the promised policy: a substantial restriction on large institutional investors buying existing single-family homes remained in the housing package, but the promised requirement that covered investors divest existing holdings over time was removed. Because the claim explicitly included both the purchase ban and a divestment mandate, the outcome is incomplete. Using federal office timing, this progress appears to have occurred after Luna's initial term began and is best scored as later_term rather than same_term full delivery.