Bills · HR 3745
IN COMMITTEE· 119TH CONGRESS
House BillHR 3745Taxation
American Neighborhoods Protection Act of 2025
INTRO JUN 5· LAST ACTION JUN 5
READING
6MIN
COSPONSORS
4
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it directly addresses concerns about large corporations and investors buying up single-family homes, which many believe contributes to rising housing prices and makes it harder for average families to afford to buy a home. If this bill becomes law, it could lead to more single-family homes being available for individual buyers rather than being held as rental properties by large entities. This shift could potentially ease market competition and housing costs in some areas.
Without this law, the trend of large-scale institutional ownership of single-family homes could continue or even accelerate, potentially exacerbating housing affordability issues. The bill's down payment assistance program also offers a tangible way to help people achieve homeownership, which is a significant financial goal for many Americans. It represents a policy effort to rebalance the housing market towards individual homeowners.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes a new annual excise tax of $10,000 for each single-family residence owned by a "covered taxpayer" above a limit of 75 units.
This provision directly targets large-scale ownership of single-family homes by making it financially costly to exceed the set limit.
PROVISION 02
Creates a "Housing Trust Fund" that receives all revenues generated from the new excise tax.
This ensures that the tax money is specifically dedicated to housing-related initiatives rather than general government spending.
PROVISION 03
Authorizes the Secretary of Housing and Urban Development to establish a grant program for state housing finance agencies to provide down payment assistance to families.
This provision directs the collected tax revenue to directly support homeownership for individuals and families.
PROVISION 04
Requires the down payment assistance program to prioritize families purchasing single-family residences sold by covered taxpayers.
This links the tax on large owners directly to helping buyers acquire properties that might be divested due to the tax.
PROVISION 05
Mandates reporting requirements for purchasers or transferees of single-family residences, with a $50,000 penalty for failure to report or for providing incorrect information.
This creates a mechanism for tracking ownership and ensuring compliance with the tax and down payment assistance provisions.
SPONSORSHIP
1 + 4
D· North Carolina
YRS IN OFFICE
11
BILLS LED
29
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 4 REP 0 IND 0
ACTION TIMELINE
2 EVENTSJUN 5
Introduced in House
JUN 5
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
BILL INFO
TypeHouse Bill
NumberHR 3745
Congress119th
StatusIn Committee
IntroducedJun 5, 2025
Last actionJun 5, 2025
READER REACTIONS
OVERALL SENTIMENT
No reactions yet. Be the first to weigh in.
Discussion
Loading comments...
IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED JUN 5, 2025
House BillHR 3745Taxation
American Neighborhoods Protection Act of 2025
INTRODUCED JUN 5, 2025· LAST ACTION JUN 5, 2025
PASSAGE CHANCES
—%
READING
6 min
COSPONSORS
4
COMPLEXITY
Moderate
