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New Legislation Aims to Curb Wall Street's Influence on the US Housing Market
In recent developments within the United States legislative landscape, a bill has been introduced in the Senate with the goal of addressing escalating concerns over housing affordability and the growing presence of institutional investors in the residential real estate market. Titled "The End Hedge Fund Control of American Homes Act," the proposal seeks not only to restrict large institutional investors, including hedge funds and REITs, from owning single-family homes but also to mandate the sale of existing portfolios over a ten-year period.