S 2224 · 118th Congress · Taxation

Stop Predatory Investing Act

Introduced 2023-07-11· Sponsored by Sen. Brown, Sherrod [D-OH]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Banking, Housing, and Urban Affairs. Hearings held.(2024-04-18)

Plain Language Summary

[AI summary unavailable — showing source text] Stop Predatory Investing Act This bill denies taxpayers owning 50 or more single family properties any tax deduction for interest paid or accrued in connection with any single family residential rental property. It also disallows depreciation of residential rental property owned by such taxpayers.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (12)

11 Democrats1 Independent
Sen. Wyden, Ron [D-OR]OR
Sen. Reed, Jack [D-RI]RI
Sen. Smith, Tina [D-MN]MN
Sen. Merkley, Jeff [D-OR]OR
Sen. Fetterman, John [D-PA]PA
Sen. Warren, Elizabeth [D-MA]MA
Sen. Baldwin, Tammy [D-WI]WI
Sen. Whitehouse, Sheldon [D-RI]RI
Sen. Sanders, Bernard [I-VT]VT
Sen. Klobuchar, Amy [D-MN]MN
Sen. Welch, Peter [D-VT]VT
Sen. Blumenthal, Richard [D-CT]CT