Docket
118th Congress · HOUSE BILLBILL

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

“To amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.”

Taxation
Introduced Dec 5, 2023
Last action Dec 5, 2023
Pipeline · Bill → Law
Step 1
Introduced
Dec 5, 2023
Step 2
Referred
Dec 5, 2023
Financial Services · Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill imposes an excise tax on hedge fund taxpayers that own a certain number of single-family residences in excess of a specified amount. The bill establishes the Housing Downpayment Trust Fund into which tax revenues from this bill shall be deposited to provide grants for down payment assistance to taxpayers purchasing a single-family residence.

Provisions · 3 sectionsIntroduced in House
Timeline · 3 actions
Dec 5, 2023
Introduced in House
Dec 5, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 5, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.