HOPE (Humans over Private Equity) for Homeownership Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3930 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3930 To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family residences by hedge fund taxpayers, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 26, 2026 Mr. Merkley (for himself and Mr. Hawley) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family residences by hedge fund taxpayers, 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 ``HOPE (Humans over Private Equity) for Homeownership Act''. SEC. 2. EXCISE TAX ON ACQUISITION OF SINGLE-FAMILY RESIDENCES BY HEDGE FUND TAXPAYERS. (a) In General.--Subtitle D of the Internal Revenue Code of…