U.S. Consultant Ro Khanna speaks throughout a press convention on the U.S. Capitol in Washington, D.C., on Nov. 18, 2025.
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California Democratic Rep. Ro Khanna on Friday reintroduced a invoice that may curb institutional buyers from shopping for up housing, leveraging an analogous name made not too long ago by President Donald Trump.
Trump mentioned in a Fact Social submit on Jan. 7 that he can be “instantly taking steps to ban giant institutional buyers from shopping for extra single-family houses.”
Trump’s comment was certainly one of a flurry of populist financial strikes by the president as he races to handle voter issues about affordability forward of the 2026 midterm elections.
A latest Marist ballot discovered that simply 36% of People accepted of Trump’s dealing with of the economic system, whereas 57% disapproved. That may be a vital headwind for Trump’s fellow Republicans in Congress as they attempt to hold onto their razor-thin majorities within the Home of Representatives and Senate.
In an announcement to CNBC, Khanna invoked Trump’s latest assist for blocking institutional buyers from shopping for up housing.
“If President Trump is critical about taking over Wall Road landlords, Congress ought to cross my invoice and he ought to signal it into regulation,” Khanna mentioned. “Houses must be owned by folks, not rich company landlords who’re shopping for up single-family houses and pushing the dream of homeownership out of attain for too many People.”
Whereas invoice textual content was not instantly out there, Khanna’s workplace advised CNBC that the Cease Wall Road Landlords Act would prohibit giant institutional buyers from profiting from home-related tax breaks, together with mortgage curiosity, insurance coverage and depreciation deductions.
The invoice would additionally require federal and government-backed businesses comparable to Fannie Mae and Freddie Mac to ban giant institutional buyers from buying mortgages on single-family houses. Giant Institutional buyers who promote single-family houses greater than 18 months after the invoice’s enactment can be slapped with an actual property switch tax equal to 100% of the house’s sale worth.
In prior variations of the invoice, together with one launched in late 2024, a big institutional investor was outlined as an individual or agency with belongings exceeding $100 million.
Khanna has 13 cosponsors on the invoice to this point, all Democrats. Nevertheless it’s potential that Trump’s name for an finish to giant buyers within the single-family dwelling market might immediate some Home GOP members to hitch Khanna’s effort.
In an interview with CNBC, Khanna mentioned he is prepared to work with Trump on laws “if it is truly going to assist the working class.”
“If he calls me up, I will assist lead the invoice,” Khanna mentioned.
Trump is about to talk on the World Financial Discussion board in Davos on Wednesday, the place the president mentioned he’ll deal with his housing proposal.
“I’ll talk about this matter, together with additional Housing and Affordability proposals, and extra, at my speech in Davos,” Trump mentioned on Fact Social.
