H.R. 7186 — American Family Housing Act

This section establishes restrictions, effective 100 days after enactment, prohibiting a large-scale company (i.e., a registered investment company or private fund with more than $100 billion in assets under management) from (1) purchasing any single family residence (i.e., a one-unit dwelling for one household with independent living space, excluding condominiums or cooperatives), including from the federal government; or (2) acquiring equity securities of a qualified issuer (i.e., an issuer holding more than 100 single family residences) if the purchase would result in owning more than 49% of such issuer's equity securities.