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Stop Post-Disaster Vultures Act
To prohibit solicitation by institutional investors after a major disaster, and for other purposes.
Summary
- Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to prohibit institutional investors from soliciting property purchases in areas affected by major disasters.
- Defines an "institutional investor" as any individual or entity that owns, directly or indirectly, at least 75 single-family homes.
- Prohibits institutional investors from making offers to purchase property in disaster areas for 6 months following the declaration of a major disaster, through any method including mail, interstate wire, or other solicitation.
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)
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![Sen. Schiff, Adam B. [D-CA]](https://media.civicgate.org/people/d/politicians/S001150.thumb.jpg)
Sen. Schiff, Adam B. (D-CA)
Actions (2)
- Mar 2, 2026 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. · senate
- Mar 2, 2026 Introduced in Senate
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.
Full text
IN THE SENATE OF THE UNITED STATES
March 2, 2026
Mr. Schiff introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs
A BILL
To prohibit solicitation by institutional investors after a major disaster, and for other purposes.
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 “Stop Post-Disaster Vultures Act”.
SEC. 2. PROHIBITION ON SOLICITATION BY INSTITUTIONAL INVESTORS AFTER MAJOR DISASTERS.
(a) In General.—Title IV of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170) is amended by adding at the end the following:
“SEC. 431. PROHIBITION ON SOLICITATION BY INSTITUTIONAL INVESTORS.
“(a) Institutional Investor Defined.—In this section, the term ‘institutional investor’ means, with respect to any taxable year, any individual or entity that owns, directly or indirectly, not less than 75 single-family homes.
“(b) Prohibition.—During the 6-month period following the declaration of a major disaster under section 401, an institutional investor may not make an offer to purchase a property, including any lot, parcel, or home, located within the area affected by the major disaster—
“(1) through the mail or any interstate wire; or
“(2) through any other type of solicitation or method of contact.
“(c) Severability.—If any provision of this section or the application of such provision is held to be unconstitutional, the remainder of this section, and the application of the provision to any other person or circumstance, shall not be affected.”. <all>
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