118th Congress Taxation
S. 3402: End Hedge Fund Control of American Homes Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Tina Smith D-MNOriginal
- Jon Tester D-MT
Who scored on this bill
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History
- Introduced in the Senate by Jeff Merkley.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.