SAMDT 473 — To establish a deficit-neutral reserve fund relating to the impacts of hedge fund ownership of single-family homes and rent prices.

AMENDS

SCONRES 7 — An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.

PASSED SENATE

AMENDMENT PROGRESS

STEP 3 OF 3

Proposed

Considered

Disposed

Proposed
Considered
Disposed

DISPOSITION

FAILED

FEB 20, 2025

“Amendment SA 473 not agreed to in Senate by Yea-Nay Vote. 48 - 52. Record Vote Number: 64.”

what this changes

This amendment would have set aside a specific place in the federal budget plan for future laws aimed at addressing how hedge funds buying houses affects rent prices. Because the amendment failed, this specific focus will not be part of the final budget blueprint.

WHY IT MATTERS

Many Americans are concerned that large investment firms are buying up residential neighborhoods and driving up rent; this amendment was a procedural attempt to prioritize that issue in future legislative sessions.

WHO IS AFFECTED

This primarily would have affected renters and potential first-time homebuyers who compete with large investment firms for housing.

AMENDS

SCONRES 7PASSED SENATE

An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.

OTHER AMENDMENTS TO THIS BILL

KEY POINTS

low

Budget Placeholder

The amendment didn't change housing laws immediately; it was intended to make it easier to pass such laws later in the year.

low

Deficit Neutrality

By design, any future laws using this fund would have had to pay for themselves without increasing the national debt.

low

Focus on Rent Prices

The proposal specifically targeted the connection between corporate home ownership and the rising cost of rent.

GLOSSARY

Deficit-neutral reserve fund: A provision in a budget resolution that allows for future spending or tax changes on a specific topic, provided those changes do not increase the total deficit.
Concurrent resolution: A legislative measure used for internal congressional business, like a budget, which does not go to the President for signature and does not become law.

Official sources

SAMDT 473 on Congress.gov

This analysis used: Amendment purpose · Latest action · Amended bill: summary

ACTION TIMELINE

7 EVENTS

FEB 20, 25

Amendment SA 473 not agreed to in Senate by Yea-Nay Vote. 48 - 52. Record Vote Number: 64.

FLOOR

FEB 20, 25

Amendment SA 473 proposed by Senator Merkley. (consideration: CR S1100-1101) To establish a deficit-neutral reserve fund relating to the impacts of hedge fund ownership of single-family homes and rent prices.

FLOOR

FEB 20, 25

INTROREFERRAL

FEB 20, 25

Senate amendment proposed (on the floor): Amendment SA 473 proposed by Senator Merkley.

FLOOR

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To establish a deficit-neutral reserve fund relating to the impacts of hedge fund ownership of single-family homes and rent prices.

AMENDS

SUMMARY

KEY POINTS

SPONSORSHIP

ACTION TIMELINE

AMENDMENT INFO

READER REACTIONS

Discussion

To establish a deficit-neutral reserve fund relating to the impacts of hedge fund ownership of single-family homes and rent prices.

AMENDS

AMENDMENT PROGRESS