Merkley Applauds Senate Passage of Housing Provisions to Crack Down on Hedge Fund Control of American Homes

Washington, D.C. - Oregon's U.S. Senator Jeff Merkley-a long-time champion of kicking hedge funds out of the housing market-released the following statement after the Senate passed sweeping housing legislation that includes the first-ever limits on institutional investors purchasing single-family homes:

"Housing in our communities should be homes for families, not profit centers for Wall Street. For years, I've led the charge to kick large institutional investors out of our housing market, and for the first time, Congress has taken a stand against private equity gobbling up homes in our neighborhoods.

"This is a huge win for families across America. I fought to include this provision and thank Ranking Member Warren for working with me to crack down on institutional investors invading the housing market nationwide. Taking on powerful interests is always difficult, and we'll keep working to restore the dream of homeownership for all Americans and ensure everyone has a safe, affordable roof overhead."

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