What does Preamble of S 3937 do?

This bill proposes to amend the Sherman Act. The proposed amendment would prohibit certain entities from purchasing residential real estate.

What does SHORT TITLE. of S 3937 do?

This bill is formally titled the Homes for American Families Act.

What does AMENDMENT. of S 3937 do?

This section amends the Sherman Act by adding Section 9, concerning residential real estate contracts in restraint of trade. It defines 'covered entity' as a real estate investment trust, an insurance company, or an investment/private fund with assets under management of at least $150,000,000, or controlled by such a fund. Purchases of residential real estate by a covered entity are generally deemed a civil violation of Section 1 of the Sherman Act, but criminal penalties do not apply. An exception exists for homebuilders, developers, or redevelopers constructing units for ownership by entities not prohibited from purchasing residential real estate. The amendment applies only to purchases made on or after the date of enactment. The Assistant Attorney General for the Antitrust Division will prioritize reviewing and enforcing antitrust laws related to purchases of residential real estate by covered entities.

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Homes for American Families Act — S. 3937

Last updated: 2/26/2026 · Introduced: 2/26/2026

Author: Josh Hawley (R-MO)

TL;DR (AI)

This bill amends the Sherman Act to prohibit real estate investment trusts, large insurance companies, and certain investment funds from purchasing residential real estate.
The law establishes a civil violation for such purchases, with exceptions for homebuilders constructing units for individual ownership.
The Antitrust Division will prioritize enforcement of these new restrictions on residential real estate purchases.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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