To protect consumers from price gouging of residential rental and sale prices, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires prohibition on unconscionably excessive residential rental and sale prices during HUD-declared affordable housing crises, requires HUD investigation into housing price manipulation through capacity reduction, market manipulation, and mergers, with report to Congress, and establishes Housing Monitoring and Enforcement Unit within HUD to collect and analyze rental and sale market data, identify manipulation, and enforce penalties. It relies on compliance mandates, reporting requirements, product standards, and price controls. The main policy areas are Finance and Housing.
Who Benefits and How
Residential tenants and homebuyers could see lower costs, Tenants in multifamily housing would be affected, and Tenants in GSE-backed multifamily housing could see lower costs.
Who Bears the Burden and How
Fannie Mae and Freddie Mac would take on compliance duties, HUD would take on compliance duties, and Landlords and home sellers could lose revenue opportunities.
Key Provisions
- Requires prohibition on unconscionably excessive residential rental and sale prices during HUD-declared affordable housing crises.
- Requires HUD investigation into housing price manipulation through capacity reduction, market manipulation, and mergers, with report to Congress.
- Establishes Housing Monitoring and Enforcement Unit within HUD to collect and analyze rental and sale market data, identify manipulation, and enforce penalties.
- Requires joint HUD-FTC-CFPB program to identify unfair tenant screening practices including algorithmic screening and background checks.
- Requires amendment to Federal Housing Enterprises Safety and Soundness Act directing FHFA to regulate GSE purchases of multifamily rental mortgages to ensure renter protections.
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 requires prohibition on unconscionably excessive residential rental and sale prices during HUD-declared affordable housing crises, requires HUD investigation into housing price manipulation through capacity reduction, market manipulation, and mergers, with report to Congress, and establishes Housing Monitoring and Enforcement Unit within HUD to collect and analyze rental and sale market data, identify manipulation, and enforce penalties.
Key Policy Areas
Finance, Housing
Primary Purpose
The bill requires prohibition on unconscionably excessive residential rental and sale prices during HUD-declared affordable housing crises, requires HUD investigation into housing price manipulation through capacity reduction, market manipulation, and mergers, with report to Congress, and establishes Housing Monitoring and Enforcement Unit within HUD to collect and analyze rental and sale market data, identify manipulation, and enforce penalties.
Policy Domains
Section 3 - Unconscionable Pricing Prohibition
Identified Gains
- Residential tenants and homebuyers
- Tenants in multifamily housing
- Tenants in GSE-backed multifamily housing
- Rental housing applicants
- Residential tenants
Identified Costs
- Fannie Mae and Freddie Mac
- HUD
- Landlords and home sellers
- Landlords and property management companies
- Tenant screening companies
Sponsors
Legislative Progress
IntroducedMs. Rosen introduced the following bill; which was read twice …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Landlords and home sellers, Landlords and property management companies, Multifamily rental property owners
Homebuyers and renters, Rental housing applicants, Residential tenants
HUD, State Attorneys General
Positive-direction: State Attorneys General
Negative-direction: HUD
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of Housing and Urban Development
- "the_secretary"
- → Secretary of Housing and Urban Development
- "the_secretary"
- → Secretary of Housing and Urban Development
- "the_director"
- → FHFA Director
- "the_secretary"
- → Secretary of Housing and Urban Development
- "attorney_general"
- → Attorney General
Key Definitions
Terms defined in this bill
Period during which the Secretary has declared a housing crisis and the pricing prohibition is in effect
A residence consisting of 1 to 4 dwelling units, excluding condominiums and co-ops
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