,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #gahf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #ba1          
#bjbf,mrs4 ,mill] ( ,ill9ois 7= h]self &
 ,ms4 ,boeb]t7 introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to am5d 
! ,inve/m5t ,company ,act ( #aidj to    
prohibit c]ta9 l>ge-scale companies f   
pur*as+ s+le family resid5ces4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,am]ican ,family ,h\s+ ,act4  #b4       
,re/rictions on pur*as+ s+le family     
resid5ces ,! ,inve/m5t ,company ,act (  
#aidj 7#ae ,u4,s4,c4 #hj;a-#a et seq47  
is am5d$ by ins]t+ aft] section #ab !   
foll[+3  #ab;,a4 ,re/rictions on pur*as+
 s+le family resid5ces  7a7 ,9 g5]al    
,beg9n+ on ! date t is #ajj days aft] ! 
date ( ! enactm5t ( ?is section1 a      
l>ge-scale company may n-- 7#a7 pur*ase 
7includ+ f ! ,f$]al ,gov]nm5t7 any s+le 
family resid5ce2 or  7#b7 pur*ase !     
equity securities ( a qualifi$ issu] if 
su* pur*ase w\ld result 9 hold+ m ?an   

#di p]c5t ( ! equity securities ( su*   
qualifi$ issu]4  7b7 ,def9itions ,9 ?is 
section3 7#a7 ,l>ge-scale company ,! t]m
 l>ge-scale company means a regi/]$     
inve/m5t company or private fund ) m ?an
 #ajj1jjj1jjj1jjj 9 assets "u managem5t4
  7#b7 ,private fund ,! t]m private fund
 means an issu] t w\ld be an inve/m5t   
company1 b = p>agraph 7#a7 or 7#g7 (    
section #c7;c74  7#c7 ,qualifi$ issu] ,!
 t]m qualifi$ issu] means an issu] t    
holds1 z assets1 m ?an #ajj s+le family 
resid5ces4  7#d7 ,s+le family resid5ce  
,! t]m s+le family resid5ce-- 7,a7 means
 a resid5ce-- 7i7 consi/+ ( #a dwell+   
unit built = "o h\sehold to live 92 &   
7ii7 t functions z an indep5d5t liv+    
space )\t %>$ walls or %>$ utilities2 & 
7,b7 does n include a dwell+ unit 9 a   
condom9ium or coop]ative h\s+ project4  
4