HOPE for Homeownership Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1745 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1745 To amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 27, 2025 Mr. Smith of Washington (for himself and Ms. Sanchez) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, 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 ``Humans over Private Equity for Homeownership Act'' or the ``HOPE for Homeownership Act''. SEC. 2. EXCISE TAX ON CERTAIN TAXPAY…