US HB7186

Prohibits large-scale investment companies with more than $100 billion in assets under management from purchasing single family residences, including from the Federal Government

Bars these companies from acquiring more than 49% equity in any issuer that holds more than 100 single family residences

Defines single family residence as a 1-unit dwelling built for one household with no shared walls or utilities, excluding condominiums and cooperative housing units

Takes effect 100 days after enactment and amends the Investment Company Act of 1940 by adding Section 12A

Introduced January 21, 2026 by Rep. Miller of Illinois and Rep. Boebert, referred to the Committee on Financial Services