Stopping Wall Street from Competing with Main Street Homebuyers

The order directs federal agencies to implement measures aimed at preventing large institutional investors from buying single-family homes that could otherwise be purchased by families. The Secretary of the Treasury, in consultation with the Assistant to the President for Economic Policy, is tasked with defining "large institutional investor" and "single-family home." Several federal agencies, including the Departments of Agriculture, Housing and Urban Development, Veterans Affairs, General Services, and the Federal Housing Finance Agency, are instructed to issue guidance to prevent these entities from acquiring such homes and to promote sales to individual owner-occupants. The Secretary of the Treasury is also directed to review and possibly revise rules related to large institutional investors acquiring or holding single-family homes.