U.S. Consultant Ro Khanna speaks throughout a press convention on the U.S. Capitol in Washington, D.C., on Nov. 18, 2025.
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California Democratic Rep. Ro Khanna on Friday reintroduced a invoice that might curb institutional traders from shopping for up housing, leveraging an analogous name made lately by President Donald Trump.
Trump stated in a Reality Social submit on Jan. 7 that he can be “instantly taking steps to ban massive institutional traders from shopping for extra single-family houses.”
Trump’s comment was one in all a flurry of populist financial strikes by the president as he races to handle voter considerations about affordability forward of the 2026 midterm elections.
A current Marist ballot discovered that simply 36% of People accredited of Trump’s dealing with of the economic system, whereas 57% disapproved. That could be a vital headwind for Trump’s fellow Republicans in Congress as they attempt to cling onto their razor-thin majorities within the Home of Representatives and Senate.
In an announcement to CNBC, Khanna invoked Trump’s current help for blocking institutional traders from shopping for up housing.
“If President Trump is severe about taking over Wall Avenue landlords, Congress ought to cross my invoice and he ought to signal it into regulation,” Khanna stated. “Properties ought to be owned by folks, not rich company landlords who’re shopping for up single-family houses and pushing the dream of homeownership out of attain for too many People.”
Whereas invoice textual content was not instantly accessible, Khanna’s workplace informed CNBC that the Cease Wall Avenue Landlords Act would prohibit massive institutional traders from benefiting from home-related tax breaks, together with mortgage curiosity, insurance coverage and depreciation deductions.
The invoice would additionally require federal and government-backed businesses corresponding to Fannie Mae and Freddie Mac to ban massive institutional traders from buying mortgages on single-family houses. Giant Institutional traders who promote single-family houses greater than 18 months after the invoice’s enactment can be slapped with an actual property switch tax equal to 100% of the house’s sale worth.
In prior variations of the invoice, together with one launched in late 2024, a big institutional investor was outlined as an individual or agency with property exceeding $100 million.
Khanna has 13 cosponsors on the invoice up to now, all Democrats. But it surely’s potential that Trump’s name for an finish to massive traders within the single-family house market could immediate some Home GOP members to affix Khanna’s effort.
In an interview with CNBC, Khanna stated he is keen to work with Trump on laws “if it is really going to assist the working class.”
“If he calls me up, I am going to assist lead the invoice,” Khanna stated.
Trump is about to talk on the World Financial Discussion board in Davos on Wednesday, the place the president stated he’ll deal with his housing proposal.
“I’ll focus on this matter, together with additional Housing and Affordability proposals, and extra, at my speech in Davos,” Trump stated on Reality Social.
