American Family Housing Act
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Summary
This bill amends the Investment Company Act of 1940 to prohibit large-scale investment companies and private funds with over $100 billion in assets under management from purchasing single-family residences. The bill also prevents such entities from acquiring more than 49 percent of equity securities in companies that own more than 100 single-family residences. The restrictions take effect 100 days after enactment.
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How your representatives voted
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