The White House seeks to ban large institutional investors from buying additional single-family homes and has circulated draft legislative language aimed at attaching the measure to a bipartisan housing bill in Congress.

The proposed ban would apply to investors that own more than 100 single-family homes, with exemptions for build-to-rent or heavily renovated rental-focused projects.

There is ongoing debate over definitions, scope, and timing, as Republicans push back on a broad restriction and demand clearer criteria to avoid unintended market impacts.

The effort reflects a clash between populist housing priorities and free-market Republican views, as lawmakers negotiate how to advance supply-side reforms amid intra-party divisions and electoral considerations.

Sen. Bernie Moreno plans to introduce legislation codifying the executive order, signaling continued cross-chamber coordination on the ban.

Administrations officials have pursued affordability measures beyond the ban, including mortgage-backed securities purchases, as part of a broader strategy ahead of elections.

Two main bipartisan bills are in play—the House-passed Housing for the 21st Century Act and the Senate-passed ROAD to Housing Act—with unclear presidential backing for the underlying provisions.

Supporters say restricting large corporate buyers would improve access and curb market concentration, while critics warn it could reduce supply and raise costs for some buyers.

Polls show broad public support, especially among younger voters, for tighter rules on corporate landlords, creating political pressure to act.

White House officials signal flexibility on the policy but insist action on institutional investors is needed, suggesting possible compromise on language or scope.

Republicans are divided over language and timing, with some fearing overly restrictive bans could hamper market dynamics and investor freedom.

Treasury and the White House are coordinating with both chambers to craft a version of the bill aligned with executive priorities while weighing election-year politics.