United States 119th Congress Status: In Committee Bipartisan · 1 D · 1 R cosponsors

S 3930 — HOPE (Humans over Private Equity) for Homeownership Act

Last action — Read twice and referred to the Committee on Finance.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced February 26, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 34% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (1 D · 1 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

5 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill imposes an excise tax and disallows certain deductions related to single-family residences acquired by hedge fund taxpayers.

  • Internal Revenue Code of 1986, Subtitle D

    CHAPTER 50B--SINGLE-FAMILY RESIDENCES Sec. 5000E. Newly acquired single-family residences. SEC. 5000E. NEWLY ACQUIRED SINGLE-FAMILY RESIDENCES.

    Established a new chapter imposing an excise tax on hedge fund taxpayers for acquiring single-family residences.

  • Internal Revenue Code of 1986, Section 11

    (e) Hedge Fund Taxpayers.--In the case of a corporation which is described in section 5000E(c), the percentage under subsection (b) shall be increased by 5 percentage points.

    Increases the corporate tax rate for hedge fund taxpayers by 5 percentage points.

  • Internal Revenue Code of 1986, Section 163

    (n) No Deduction for Interest on Acquisition Indebtedness of Single-Family Residences of Certain Taxpayers.--(1) In general.--In the case of a hedge fund taxpayer, no deduction shall be allowed under this chapter with respect to interest paid or accrued on acquisition indebtedness with respect to any single-family residence.

    Disallows hedge fund taxpayers from deducting interest on acquisition indebtedness for single-family residences.

  • Internal Revenue Code of 1986, Section 167

    (i) Deduction Disallowed for Single-Family Residences of Certain Taxpayers.--(1) In general.--In the case of a hedge fund taxpayer, no deduction shall be allowed under this section for any single-family residence.

    Prohibits hedge fund taxpayers from claiming deductions for single-family residences.

  • Internal Revenue Code of 1986, Section 199A

    (C) any trade or business of hedge fund taxpayer (as defined in section 163(n)(2)(A)).

    Includes the trade or business of hedge fund taxpayers in the definitions related to qualified business income.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 545 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (545)

545 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors S 3930?
S 3930 is sponsored by Hawley, Josh (Republican) and Merkley, Jeff (Democratic).
What is the current status of S 3930?
This bill is in committee in the Senate. Introduced February 26, 2026. It must pass committee before a floor vote.
Where can I track S 3930?
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