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HR 7186
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American Family Housing Act

To amend the Investment Company Act of 1940 to prohibit certain large- scale companies from purchasing single family residences.

Introduced Jan 21, 2026

Latest action (Jan 21, 2026) Referred to the House Committee on Financial Services.

Referred to
Financial Services Committee
Policy area
Housing and Community Development
Issues
Housing

Summary
  • Prohibits large-scale investment companies (those with over $100 billion in assets under management) from purchasing single family residences, effective 100 days after enactment
  • Prevents large-scale investment companies from purchasing equity in companies that own more than 100 single family residences if such purchase would result in the company holding more than 49 percent of that company's equity
  • Applies to registered investment companies and private investment funds that meet the $100 billion asset threshold
  • Excludes condominiums and cooperative housing units from the definition of single family residences

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
7 cosponsors

Money behind the sponsor

Top reported contributors to Mary E. Miller’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • Employer not reported $22,349
  • SAULSBURY INDUSTRIES $13,200
  • THOMPSON THRIFT DEVELOPMENT $11,600
  • KASPAR LAW COMPANY $6,600
  • INDECK ENERGY SERVICES $6,600

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Mary E. Miller → · Outside spending →

Actions (2)
  1. Jan 21, 2026 Referred to the House Committee on Financial Services. · house
  2. Jan 21, 2026 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 7586 — American Families First Act · Introduced Mar 2, 2026 · Cong. 119 79%
  • HR 7221 — Stopping Wall Street From Competing With Main Street Homebuyers Act · Introduced Jan 22, 2026 · Cong. 119 76%
  • HR 7138 — Stop Wall Street Landlords Act of 2026 · Introduced Jan 16, 2026 · Cong. 119 72%
  • S 3904 — American Homeownership Act · Introduced Feb 24, 2026 · Cong. 119 71%
  • HR 7400 — Making Homeownership Affordable Again Act · Introduced Feb 5, 2026 · Cong. 119 69%
  • S 3901 — HOME Expansion Act · Introduced Feb 24, 2026 · Cong. 119 68%

Text versions (1)
  • Introduced in House · Jan 21, 2026

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

January 21, 2026

Mrs. Miller of Illinois (for herself and Ms. Boebert) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Investment Company Act of 1940 to prohibit certain large- scale companies from purchasing single family residences.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “American Family Housing Act”.

SEC. 2. RESTRICTIONS ON PURCHASING SINGLE FAMILY RESIDENCES.

The Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) is amended by inserting after section 12 the following:

“SEC. 12A. RESTRICTIONS ON PURCHASING SINGLE FAMILY RESIDENCES.

“(a) In General.—Beginning on the date that is 100 days after the date of the enactment of this section, a large-scale company may not—

“(1) purchase (including from the Federal Government) any single family residence; or

“(2) purchase the equity securities of a qualified issuer if such purchase would result in holding more than 49 percent of the equity securities of such qualified issuer.

“(b) Definitions.—In this section:

“(1) Large-scale company.—The term ‘large-scale company’ means a registered investment company or private fund with more than $100,000,000,000 in assets under management.

“(2) Private fund.—The term ‘private fund’ means an issuer that would be an investment company, but for paragraph

(1) or (7) of section 3(c).

“(3) Qualified issuer.—The term ‘qualified issuer’ means an issuer that holds, as assets, more than 100 single family residences.

“(4) Single family residence.—The term ‘single family residence’—

“(A) means a residence—

“(i) consisting of 1 dwelling unit built for one household to live in; and

“(ii) that functions as an independent living space without shared walls or shared utilities; and

“(B) does not include a dwelling unit in a condominium or cooperative housing project.”. <all>

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