,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #gahf  ,,in ,,the ,,house ,,of  
,,representatives  ,january #ba1        
#bjbf,mrs4 ,miller of ,illinois 7for    
herself and ,ms4 ,boebert7 introduced   
the following bill2 which was referred  
to the ,committee on ,financial         
,services  ,a ,,bill  ,to amend the     
,investment ,company ,act of #aidj to   
prohibit certain large-scale companies  
from purchasing single family           
residences4  #a4 ,short title ,this ,act
 may be cited as the ,american ,family  
,housing ,act4  #b4 ,restrictions on    
purchasing single family residences ,the
 ,investment ,company ,act of #aidj 7#ae
 ,u4,s4,c4 #hj;a-#a et seq47 is amended 
by inserting after section #ab the      
following3  #ab;,a4 ,restrictions on    
purchasing single family residences  7a7
 ,in general ,beginning on the date that
 is #ajj days after the date of the     
enactment of this section1 a large-scale
 company may not-- 7#a7 purchase        
7including from the ,federal            

,government7 any single family          
residence2 or  7#b7 purchase the equity 
securities of a qualified issuer if such
 purchase would result in holding more  
than #di percent of the equity          
securities of such qualified issuer4    
7b7 ,definitions ,in this section3 7#a7 
,large-scale company ,the term          
large-scale company means a registered  
investment company or private fund with 
more than #ajj1jjj1jjj1jjj in assets    
under management4  7#b7 ,private fund   
,the term private fund means an issuer  
that would be an investment company1 but
 for paragraph 7#a7 or 7#g7 of section  
#c7;c74  7#c7 ,qualified issuer ,the    
term qualified issuer means an issuer   
that holds1 as assets1 more than #ajj   
single family residences4  7#d7 ,single 
family residence ,the term single family
 residence-- 7,a7 means a residence--   
7i7 consisting of #a dwelling unit built
 for one household to live in2 and  7ii7
 that functions as an independent living
 space without shared walls or shared   

utilities2 and  7,b7 does not include a 
dwelling unit in a condominium or       
cooperative housing project4  4