GOP Rep. Miller introduces bill to block investors from ‘crowding families out of homes’

Rep. Mary Miller (R-IL) introduced legislation on Wednesday to help people in the country achieve the ‘American Dream’ of owning a home. Miller’s legislation proposes restrictions on large corporations, companies, and investors to prevent them from “crowding families out of homes.”

Miller’s “American Family Housing Act” calls to amend the “Investment Company Act of 1940 to prohibit certain large-scale companies from purchasing single-family residences.” The bill directs the Securities and Exchange Commission to limit the number of single-family homes that “large institutional investors” can buy so that ordinary working-class families can afford to purchase houses at reasonable prices. Miller’s objective with this legislation is to put “an end to Wall Street firms driving up prices and pushing American families out of the housing market.”

“Homeownership is

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