HR702-118

Introduced

To protect consumers from price gouging of residential rental and sale prices, and for other purposes.

118th Congress Introduced Feb 1, 2023

Summary

What This Bill Does

The bill provides unconscionable pricing of residential rental and sale prices during emergencies It shall be unlawful for any person to rent out a dwelling unit or sell any single-family housing, in an area and during a period, provides HUD investigation and report on housing prices, and requires housing cost monitoring and enforcement within HUD. It relies on compliance mandates, reporting requirements, product standards, and procurement rules. The main policy areas are Energy Production, Housing, Finance, and Environment.

Who Benefits and How

Public beneficiaries or protected communities affected by the clause could face reduced risk, Homeowners, tenants, or housing market participants affected by the bill could face lower compliance burdens, and Financial services firms and customers affected by the bill could gain revenue opportunities.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.

Key Provisions

  • Provides unconscionable pricing of residential rental and sale prices during emergencies It shall be unlawful for any person to rent out a dwelling unit or sell any single-family housing, in an area and during a period...
  • Provides HUD investigation and report on housing prices.
  • Requires housing cost monitoring and enforcement within HUD.
  • Requires identification of unfair screening practices The Secretary, the Federal Trade Commission, and the Bureau of Consumer Financial Protection shall jointly— carry out a program to collect information to identify...
  • Requires limitation on Fannie Mae and Freddie Mac investments Subpart A of part 2 of subtitle A of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C.

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill provides unconscionable pricing of residential rental and sale prices during emergencies It shall be unlawful for any person to rent out a dwelling unit or sell any single-family housing, in an area and during a period, provides HUD investigation and report on housing prices, and requires housing cost monitoring and enforcement within HUD.

Key Policy Areas

Energy Production, Housing, Finance, Environment

Primary Purpose

The bill provides unconscionable pricing of residential rental and sale prices during emergencies It shall be unlawful for any person to rent out a dwelling unit or sell any single-family housing, in an area and during a period, provides HUD investigation and report on housing prices, and requires housing cost monitoring and enforcement within HUD.

Policy Domains

Energy Production Housing Finance Environment

Whole bill

Identified Gains
  • Public beneficiaries or protected communities affected by the clause
  • Homeowners, tenants, or housing market participants affected by the bill
  • Financial services firms and customers affected by the bill
  • Law enforcement, justice-system actors, and affected communities
  • Environmental and public health interests affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Financial services firms and customers affected by the bill: ,
Environmental and public health interests affected by the bill:
Law enforcement, justice-system actors, and affected communities:
Public beneficiaries or protected communities affected by the clause: , , , ,
Homeowners, tenants, or housing market participants affected by the bill: , , ,
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Homeowners, tenants, or housing market participants affected by the bill
  • Financial services firms and customers affected by the bill
  • Environmental and public health interests affected by the bill
  • Public beneficiaries or protected communities affected by the clause
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Financial services firms and customers affected by the bill:
Environmental and public health interests affected by the bill:
Public beneficiaries or protected communities affected by the clause:
Homeowners, tenants, or housing market participants affected by the bill: , ,
Federal, state, or local agencies responsible for implementing the clause: , , , , , ,

Legislative Progress

Introduced
Introduced Committee Passed
Feb 1, 2023

Mr. Horsford introduced the following bill; which was referred to …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

Law Enforcement
1 mention across 1 clause
+1 positive

Law enforcement, justice-system actors, and affected communities

7/10
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Energy Production Housing Finance Environment

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology