Stop Predatory Investing Act
- Bill Number
- S. 969
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 1
- Policy Area
- Taxation
- Status
- Introduced
- Latest Action
- 2025-03-11: Read twice and referred to the Committee on Finance.
- Last Updated
- 2026-01-23T19:39:12Z
Official Summary
Stop Predatory Investing Act
This bill prohibits a taxpayer who owns (directly or indirectly) 50 or more single-family residential rental properties (disqualified single-family property owner) from claiming a federal tax deduction for interest paid (or accrued) in connection with such properties or a federal tax deduction for depreciation in connection with such properties.
The bill generally defines a single-family residential rental property as any residential rental property containing four or fewer dwelling units and improvements to real property related to such dwelling units.
However, under the bill, a disqualified single-family property owner may still claim a tax deduction for interest and depreciation on (1) single-family residential rental property for which the low-income housing tax credit (LIHTC) may be claimed and (2) certain newly constructed single-family residential rental properties. (The LIHTC program awards tax credits for newly-constructed or substantially rehabilitated low-income housing.)
The bill also allows a disqualified single-family property owner to claim a federal tax deduction for interest or depreciation in connection with a single-family residential rental property in the year such property is sold if it is sold to
- an individual for use as a principal residence;
- a non-profit organization that creates, develops, or preserves affordable housing;
- certain community development organizations;
- a land bank;
- any resident-owned cooperative or community land trust; or
- a public housing agency subsidiary.
Sponsor
Sen. Warnock, Raphael G. [D-GA]
Cosponsors (12)
Sen. Smith, Tina [D-MN], Sen. Wyden, Ron [D-OR], Sen. Baldwin, Tammy [D-WI], Sen. Warren, Elizabeth [D-MA], Sen. Gallego, Ruben [D-AZ], Sen. Reed, Jack [D-RI], Sen. Sanders, Bernard [I-VT], Sen. Klobuchar, Amy [D-MN], Sen. Welch, Peter [D-VT], Sen. Blumenthal, Richard [D-CT], Sen. Booker, Cory A. [D-NJ], Sen. Heinrich, Martin [D-NM]
Recent Actions
- 2025-03-11: Read twice and referred to the Committee on Finance.
- 2025-03-11: Introduced in Senate
Bill Versions
- Stop Predatory Investing Act — issued 2025-03-11 — PDF (11 pages)