Stop Wall Street Landlords Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7138 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7138 To amend the Internal Revenue Code of 1986 to disallow the deduction of certain expenses relating to ownership of single-family homes by specified large investors, to impose an excise tax on the sale of such homes by such investors, and to prohibit Federal mortgage assistance relating to certain large investors. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 16, 2026 Mr. Khanna (for himself, Mrs. Watson Coleman, Mr. Deluzio, Mr. Garcia of Illinois, Mr. Jackson of Illinois, Ms. Simon, Mr. Takano, Mr. Frost, Ms. Tlaib, Ms. Tokuda, Ms. Lee of Pennsylvania, Ms. Kelly of Illinois, Mrs. Cherfilus-McCormick, and Mr. Thanedar) introduced the following bill; which was 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 _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to disallow the deduction of certain expenses relating to ownership of single-family homes by specified large investors, to impose an excise tax on the sale of such homes by such investors, and to prohibit Federal mortgage assistance relating to certain large investors. 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 ``Stop Wall Street Landlords Act of 2026''. SEC. 2. DISALLOWANCE OF DEDUCTION OF CERTAIN EXPENSES RELATED TO SINGLE-FAMILY HOMES HELD BY SPECIFIED LARGE INVESTORS. (a) In General.--Part IX of subchapter B of Chapter 1 of subtitle A of the Internal Revenue Code of 1986 is amende