H.R. 7586

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7586 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 7586

To set restrictions on the sale of single-family homes financed by the 
Federal Government, and for other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 13, 2026

Mr. Stutzman introduced the following bill; which was referred to the 
Committee on Financial Services, and in addition to the Committee on 
Veterans' Affairs, for a period to be subsequently determined by the 
Speaker, in each case for consideration of such provisions as fall 
within the jurisdiction of the committee concerned

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A BILL

To set restrictions on the sale of single-family homes financed by the 
Federal Government, 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 ``American Families First Act''.

SEC. 2. RESTRICTIONS ON THE SALE OF SINGLE-FAMILY HOMES FINANCED BY THE 
FEDERAL GOVERNMENT.

(a) Federal Guidance Regarding the Sale of Single-Family Homes 
Financed Through Government Programs.--Within 180 days of the date of 
enactment of this Act, the Secretary of Agriculture, the Secretary of 
Housing and Urban Development, the Secretary of Veterans Affairs, the 
Administrator of General Services, and the Director of the Federal 
Housing Finance Agency, as appropriate, shall issue guidance to 
agencies and Government-sponsored enterprises that, to the maximum 
extent permitted by law shall--
(1) establish an agency-specific definition of a ``large 
institutional investor'';
(2) prevent providing for, approving, insuring, 
guaranteeing, securitizing, or facilitating the acquisition by 
a large institutional investor of a single-family home that 
could otherwise be purchased by an individual owner-occupant;
(3) restrict the disposing of Federal assets in a manner 
that transfers a single-family home to a large institutional 
investor; and
(4) promote sales of real estate-owned properties to 
individual owner-occupants, including through anti-
circumvention provisions, first-look policies, and disclosure 
requirements.
(b) Exceptions for Actions That Support Individual Owner-Occupant 
Housing.--The guidance issued pursuant to subsection (a) shall include 
appropriate, narrowly tailored exceptions for build-to-rent properties 
that are planned, permitted, financed, and constructed as rental 
communities, and such other appropriate, narrowly tailored exceptions 
as the applicable agency may determine appropriate to further the goal 
of using Government programs and financing of single-family homes to 
support individual owner-occupants.
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