To establish a deficit-neutral reserve fund relating to the impacts of hedge fund ownership of single-family homes and rent prices.

SA 473. Mr. MERKLEY (for himself, Mr. Warnock, Mr. Van Hollen, and
Mr. Ossoff) proposed an amendment to the concurrent resolution S. Con.
Res. 7, setting forth the congressional budget for the United States
Government for fiscal year 2025 and setting forth the appropriate
budgetary levels for fiscal years 2026 through 2034; as follows:

At the end of title III, add the following:

SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO REDUCING
THE IMPACTS OF HEDGE FUND OWNERSHIP OF SINGLE-
FAMILY HOMES AND RENT PRICES.

The Chairman of the Committee on the Budget of the Senate
may revise the allocations of a committee or committees,
aggregates, and other appropriate levels in this resolution,
and make adjustments to the pay-as-you-go ledger, for one or
more bills, joint resolutions, amendments, amendments between
the Houses, motions, or conference reports relating to
lowering rent for American families, which may include
reducing the single-family housing market share of large
single-family housing investors or addressing the impact of
these investors' activities on housing availability, housing
affordability, eviction rates, home maintenance, and
gentrification, by the amounts provided in such legislation
for those purposes, provided that such legislation would not
increase the deficit over the period of the total of fiscal
years 2025 through 2034.
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