S. 2224 · 118th Congress
Stop Predatory Investing Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BrownSponsor12 cosponsors · 11 D, 1 I
D
Baldwin
JF
D
Fetterman
JM
D
Merkley
JR
D
Reed
TS
D
Smith
RW
D
Wyden
EW
D
Warren
SW
D
Whitehouse
BS
I
Sanders
AK
D
Klobuchar
PW
D
Welch
RB
D
Blumenthal7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill denies taxpayers owning 50 or more single family properties any tax deduction for interest paid or accrued in connection with any single family residential rental property. It also disallows depreciation of residential rental property owned by such taxpayers.
What it does: CRS summary · Introduced in Senate · Jul 11, 2023
Stop Predatory Investing Act
This bill denies taxpayers owning 50 or more single family properties any tax deduction for interest paid or accrued in connection with any single family residential rental property. It also disallows depreciation of residential rental property owned by such taxpayers.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Stop Predatory Investing Act
Latest action (Apr 18, 2024): Committee on Banking, Housing, and Urban Affairs. Hearings held.
Policy area: Taxation · Origin: Senate · Introduced: Jul 11, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.