hold on there's just too much going on in Congress lmao...
Stops large property investors from soliciting homes after disasters.
Senator Schiff introduced; referred to Homeland Security committee.
Introduced in Senate, awaiting committee review.
This bill, introduced by Senator Schiff, aims to prevent companies owning 75 or more single-family homes from soliciting property purchases in disaster-stricken areas for six months. It has been referred to the Senate Committee on Homeland Security and Governmental Affairs, which will review it before it can move forward for a vote.
Introduced Mar 2, 2026
The bill was introduced in the Senate on March 2, 2026. It has been referred to the Senate Committee on Homeland Security and Governmental Affairs. For the bill to become law, it must pass through this committee, be voted on and passed by the full Senate, then passed by the House of Representatives, and finally signed by the President.
If this bill becomes law, homeowners in areas declared major disaster zones would not receive unsolicited offers to buy their properties from large institutional investors for six months. This could provide a period for recovery without the immediate pressure to sell. It specifically targets entities that own 75 or more single-family homes, aiming to curb specific types of post-disaster property acquisition practices.
Supporters Say
Supporters believe it protects vulnerable homeowners from potentially exploitative property acquisition after disasters.
Critics Say
Critics might argue it interferes with property owners' rights to sell or limits free market transactions.
Those in favor would likely highlight the protection it offers to homeowners who may be in a vulnerable state following a major disaster, preventing them from being pressured into selling their homes at potentially unfair prices. Opponents might raise concerns about limiting property owners' ability to sell when they choose, or the potential for government intervention in real estate markets, even in times of crisis.