Democratic members of the U.S. Senate Committee on Banking, Housing and Urban Affairs announced the introduction of the American Homeownership Act, a proposal aimed at curbing corporate landlord activity by ending tax breaks and other federal housing benefits for Wall Street and corporate landlords and reinvesting the savings into building new housing and supporting homeownership. Led by Senators Elizabeth Warren and Jeff Merkley, the bill would also empower antitrust enforcers to prevent corporate bulk purchases that, in the sponsors’ framing, squeeze out families seeking to buy homes or afford rent. The measure is co-sponsored by 16 Democratic senators and is endorsed by a range of labour, consumer, and housing advocacy groups including Americans for Financial Reform, the National Community Reinvestment Coalition, the National Housing Law Project, and the National Low Income Housing Coalition.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-02-24
U.S. Senate Committee on Banking, Housing and Urban Affairs Democrats introduce American Homeownership Act to end tax breaks for Wall Street landlords
Democratic members of the U.S. Senate Committee on Banking, Housing and Urban Affairs introduced the American Homeownership Act to curb corporate landlord activity by ending tax breaks and federal housing benefits for Wall Street and corporate landlords. Led by Senators Elizabeth Warren and Jeff Merkley, the bill aims to reinvest savings into new housing and homeownership support, and empower antitrust enforcers to prevent corporate bulk purchases. It is co-sponsored by 16 Democratic senators and endorsed by various advocacy groups.