A bill to prohibit solicitation by institutional investors after a major disaster, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3961 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3961 To prohibit solicitation by institutional investors after a major disaster, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 2, 2026 Mr. Schiff introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs _______________________________________________________________________ A BILL To prohibit solicitation by institutional investors after a major disaster, and for other purposes. 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 Post-Disaster Vultures Act''. SEC. 2. PROHIBITION ON SOLICITATION BY INSTITUTIONAL INVESTORS AFTER MAJOR DISASTERS. (a) In General.--Title IV of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170) is amended by adding at the end the following: ``SEC. 431. PROHIBITION ON SOLICITATION BY INSTITUTIONAL INVESTORS. ``(a) Institutional Investor Defined.--In this section, the term `institutional investor' means, with respect to any taxable year, any individual or entity that owns, directly or indirectly, not less than 75 single-family homes. ``(b) Prohibition.--During the 6-month period following the declaration of a major disaster under section 401, an institutional investor may not make an offer to purchase a property, including any lot, parcel, or home, located within the area affected by the major disaster-- ``(1) through the mail or any interstate wire; or ``(2) through any other type of solicitation or method of contact. ``(c) Severability.--If any provision of this section or the application of such provision is held to be unconstitutional, the remainder of this section, and the ap