American Homeownership Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 21
- Latest action
- Feb 24, 2026
What it does
The American Homeownership Act would amend the Internal Revenue Code to deny interest and depreciation deductions for certain real estate investors who own residential rental properties, specifically targeting institutional investment entities and large owners of single-family rentals. The bill aims to discourage large-scale corporate ownership of housing by eliminating tax benefits for interest and depreciation on properties where these entities hold a majority interest, while preserving deductions for individual homeowners, affordable housing providers, new construction, and rehabilitated properties. Exceptions apply for sales to individuals or qualified nonprofits, new housing…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.