Khanna refloats bill to ban investors from buying up homes
U.S. Representative Ro Khanna speaks during a press conference at the U.S. Capitol in Washington, DC, on November 18, 2025.
Anatolia | Anatolia | Getty Images
California Democratic Rep. Ro Khanna once again on Friday invoice This would block institutional investors from buying homes, using a similar call President Donald Trump recently made.
Trump said on Truth Social: to mail On January 7, he said he would “take immediate steps to ban large institutional investors from buying any more single-family homes.”
Trump’s remarks were one of a series of populist economic moves by the president as he seeks to assuage voters’ concerns about affordability ahead of the 2026 midterm elections.
A recent Marist poll found that only 36 percent of Americans approve of the way Trump is handling the economy, while 57 percent disapprove. This is a significant negative for Trump’s fellow Republicans in Congress, who are trying to maintain their razor-thin majorities in the House and Senate.
In a statement to CNBC, Khanna referenced Trump’s recent support for blocking institutional investors from buying homes.
“If President Trump is serious about taking on Wall Street landlords, Congress should pass and sign my bill,” Khanna said. “Homes should be owned by people, not wealthy corporate homeowners who are buying single-family homes and pushing the dream of homeownership out of reach for many Americans.”
Although the text of the bill was not immediately available, Khanna’s office told CNBC that the Stop Wall Street Homeownership Act would ban large institutional investors from taking advantage of home-related tax deductions, including deductions for mortgage interest, insurance and depreciation.
The bill would also require federal and government-sponsored agencies such as Fannie Mae and Freddie Mac to ban large institutional investors from purchasing mortgages for single-family homes. Large institutional investors who sell single-family homes 18 months after the bill goes into effect will face a real estate transfer tax equal to 100% of the sale value of the home.
Previous versions of the bill included one introduced In late 2024, a large institutional investor was defined as an individual or firm with assets exceeding $100 million.
Khanna has 13 co-sponsors on the bill so far, all Democrats. But it’s possible that Trump’s call for an end to big investors in the single-family home market may prompt some House GOP members to join Khanna’s efforts.
In an interview with CNBC, Khanna said he was willing to work with Trump on the legislation “if it would actually help the working class.”
“If he calls me, I will help manage the bill,” Khanna said.
Trump will speak at the World Economic Forum in Davos on Wednesday, where he said he would discuss the housing proposal.
“I will be discussing this issue in my speech in Davos, including proposals for more Housing and Affordability and more,” Trump said on Truth Social.
