To reduce the excessive appreciation of United States residential real estate due to foreign purchases.
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 expansion of tools to combat money laundering Subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following: 5337.Reports on applicable residential, requires reports on applicable residential property, and creates increase in low-income housing tax credit State ceiling Section 42(h)(3)(C) of the Internal Revenue Code of 1986 is amended by striking plus at the end of clause (iii), by striking the period at the end. It relies on definition changes, compliance mandates, reporting requirements, and delegation of rulemaking. The main policy areas are Regulated Industries and Housing.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk and Homeowners, tenants, or housing market participants 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 and Regulated entities and members of the public affected by the bill would take on compliance duties.
Key Provisions
- Requires expansion of tools to combat money laundering Subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following: 5337.Reports on applicable residential...
- Requires reports on applicable residential property.
- Creates increase in low-income housing tax credit State ceiling Section 42(h)(3)(C) of the Internal Revenue Code of 1986 is amended by striking plus at the end of clause (iii), by striking the period at the end...
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 expansion of tools to combat money laundering Subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following: 5337.Reports on applicable residential, requires reports on applicable residential property, and creates increase in low-income housing tax credit State ceiling Section 42(h)(3)(C) of the Internal Revenue Code of 1986 is amended by striking plus at the end of clause (iii), by striking the period at the end.
Key Policy Areas
Regulated Industries, Housing
Primary Purpose
The bill requires expansion of tools to combat money laundering Subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following: 5337.Reports on applicable residential, requires reports on applicable residential property, and creates increase in low-income housing tax credit State ceiling Section 42(h)(3)(C) of the Internal Revenue Code of 1986 is amended by striking plus at the end of clause (iii), by striking the period at the end.
Policy Domains
Whole bill
Identified Gains
- 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
- Regulated entities and members of the public affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Rubio introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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