{"id":2578456,"date":"2026-03-11T07:53:01","date_gmt":"2026-03-11T11:53:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tim-scott-defends-ban-on-large-investors-buying-houses-against-industry-criticism\/"},"modified":"2026-03-11T07:55:16","modified_gmt":"2026-03-11T11:55:16","slug":"tim-scott-defends-ban-on-large-investors-buying-houses-against-industry-criticism","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tim-scott-defends-ban-on-large-investors-buying-houses-against-industry-criticism\/","title":{"rendered":"Tim Scott defends ban on large investors buying houses against industry criticism"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftim-scott-defends-ban-on-large-investors-buying-houses-against-industry-criticism%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2578456&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Tim Scott, chair of the Senate Banking Committee, is defending a key provision in a bipartisan housing bill that would <a href=\"https:\/\/amzn.to\/3YuVZYV\" >bar <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/raphael-warnock-raised-the-alarm-on-big-corporations-buying-up-homes-but-took-thousands-from-wall-street-execs-at-a-firm-doing-just-that\/\" title=\"Raphael Warnock Raised The Alarm On Big Corporations Buying Up ..., But Took Thousands From Wall Street Execs At A Firm Doing Just That\">large institutional investors<\/a><\/a> from <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-firms-are-buying-up-single-family-homes\/\" title=\"Wall Street Firms Are Buying Up Single-Family ...\">purchasing single-family homes<\/a>. The White House has prioritized such a ban, and it was added to the legislation the Senate is expected to vote on soon. A major point of contention is a seven-year sell-off requirement for build-to-rent homes, which critics-including conservatives and industry groups-argue could make housing investment uneconomical and amount to a soft ban.<\/p>\n<p>Scott and supporters note that the seven-year rule includes caveats: if a property cannot be sold within 60 days on the market, the provision may not apply; it does not extend to Real Estate investment Trusts and other programs aimed at home ownership; and Treasury has discretion to modify or drop the provision if it slows sales or undermines homeownership goals. Industry groups like the national Association of home Builders and the National Multifamily Housing council have pressed for exemptions for build-to-rent properties to keep housing supply robust. The broader bill is intended to ease federal and local regulatory barriers to housing construction and combines the Senate\u2019s ROAD to Housing Act with the House\u2019s Housing for the 21st Century Act, while also removing some proposed provisions and banning the Federal Reserve from issuing a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-inches-closer-to-developing-central-bank-digital-currency\/\" title=\"Fed Inches Closer to Developing Central ...k Digital Currency\">central bank digital currency<\/a> through 2030.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Tim Scott defends ban on large investors buying houses against industry criticism<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2525061\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><strong>EXCLUSIVE &mdash;<\/strong> <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/senate-banking-committee\">Senate Banking Committee<\/a>&nbsp;Chairman&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/tim-scott\">Tim Scott<\/a>&nbsp;(R-SC) is defending a provision in bipartisan&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/housing\">housing<\/a>&nbsp;legislation that would <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-center-2026-midterm-message-on-housing-affordability\/\" title=\"Democrats center 2026 midterm message on ... affordability\">ban large institutional investors<\/a> from purchasing single-family homes, noting a number of carveouts and exceptions in the bill.<\/p>\n<p>The&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/white-house\">White House<\/a>&nbsp;has made&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4464575\/white-house-circulates-bill-ban-large-investors-single-family-housing\/\">such a ban a priority,<\/a>&nbsp;and it was added to the legislative bill, which the Senate is expected to vote on this week. But one particular aspect of the ban has faced backlash from some conservatives and industry groups, namely that it would require investors who own build-to-rent homes, which are otherwise exempt from the ban, to sell those homes within seven years.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4485078\/first-round-march-social-security-payments-today\/\">First round of March Social Security payments goes out today<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/4487286\/house-republicans-reconciliation-despite-trump-indifference\/\">Johnson pushes reconciliation 2.0 with no clear plan and Trump&#8217;s focus elsewhere<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4487104\/mikie-sherrill-new-jersey-affordability-budget\/\">Mikie Sherrill touts New Jersey &#8216;affordability budget&#8217; with $1.7 billion structural deficit in speech<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>The&nbsp;<em>Washington Examiner<\/em>&nbsp;spoke to Scott, who authored the legislation with Sen. Elizabeth Warren (D-MA), during a Tuesday phone interview. He highlighted President Donald Trump&rsquo;s desire for the ban to be a final legislation.<\/p>\n<p>&ldquo;I can say that the president&rsquo;s priority on the large institutional investors came over from the White House, and what we&rsquo;ve tried to do is work to massage some of it &mdash; and the seven-year provision is one of the areas that we actually have worked heavily on, trying to make it more digestible,&rdquo; he said.<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4482512\/major-housing-bill-industry-pushback-ban-purchases-large-investors\/\">MAJOR HOUSING BILL GETS INDUSTRY PUSHBACK OVER BAN ON PURCHASES BY LARGE INVESTORS<\/a><\/strong><\/p>\n<p>The inclusion of the seven-year provision has rankled homebuilders, who argue that it would make investing in housing uneconomical and amount to a soft ban. The National Association of Home Builders, long a supporter of the bipartisan legislation, is threatening to withdraw its support for the bill, the 21st Century ROAD to Housing Act.<\/p>\n<p>&ldquo;As the Senate takes up debate on the housing package, we wanted to alert you that absent efforts to improve the institution investor provisions &hellip; to truly exempt built to rent construction, we plan to oppose the overall legislation and will consider designating a key vote in opposition,&rdquo; the group told congressional offices last week.<\/p>\n<p>Scott, though, defended the seven-year provision, noting that it comes with major caveats. He said that, for instance, if the large institutional investor is unable to sell the property within the first 60 days it is on the market, the seven-year provision no longer applies.<\/p>\n<p>He also said it doesn&rsquo;t apply to Real Estate Investment Trusts and &ldquo;a number of other programs that are designed for home ownership as an outcome.&rdquo;<\/p>\n<p>&ldquo;Additionally, it gives the Treasury more discretion that if any of these provisions seems to slow down the actual sale of houses, or to achieve the goal of more homeownership, the Treasury has within the discretion to eliminate and or use their discretion to [reduce the effect of] that provision,&rdquo; the chairman said.<\/p>\n<p>In addition to the NAHB, Sharon Wilson Geno, president of the National Multifamily Housing Council, dinged the language on build-to-rent in the legislation during an interview with the&nbsp;<em>Washington Examiner<\/em>&nbsp;last week.<\/p>\n<p>&ldquo;That really makes no sense, because &hellip; [the] build-to-rent space was supposed to be exempted from this bill, I think everybody understood that in some way, and they&rsquo;re not built for sale,&rdquo; Wilson Geno said. &ldquo;They are only built as multifamily, and if we don&rsquo;t treat them like multifamily, they&rsquo;ll never be built.&rdquo;<\/p>\n<p>The overall legislation is designed to boost housing supply and help alleviate the housing crisis.<\/p>\n<p>&ldquo;Across the country, families are feeling the strain of rising housing costs and limited supply,&rdquo; Scott said in a statement. &ldquo;The 21st Century ROAD to Housing Act brings together real solutions to build more homes, reduce burdensome regulations, and expand opportunity for hardworking Americans.&rdquo;<\/p>\n<p>Generally speaking, the legislation is aimed at easing federal regulations that might slow housing construction and encouraging states and cities to reduce land-use regulations that are thought to make it difficult to build.<\/p>\n<p>The legislation <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/4479170\/combined-major-bipartisan-housing-bill\/\">is a combination of<\/a> the Senate&rsquo;s ROAD to Housing Act and the House&rsquo;s Housing for the 21st Century Act. The newest iteration of the legislation is the Senate&rsquo;s attempt to reconcile the differences between the two bills before sending it back to the House.<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/4472402\/mixed-gop-views-trump-ban-investors-single-family-homes\/\">MIXED&nbsp;GOP RECEPTION FOR TRUMP BAN ON LARGE INVESTORS BUYING SINGLE-FAMILY HOMES<\/a><\/strong><\/p>\n<p>Other major changes include the deletion of one provision that would have directed more federal funding to localities that permit more housing near transit and another that <a target=\"_blank\" href=\"https:\/\/t.co\/hBNBUpVQ4N\" rel=\"noreferrer noopener\">would have essentially graded<\/a> every state and city on their zoning laws.<\/p>\n<p>Another major addition is that the bill would ban the Federal Reserve from issuing a central bank digital currency through 2030. Banning CBDCs, as they are known, has been a goal for conservatives worried about surveillance by the Fed.<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tim Scott backs ban on large investors buying homes<\/p>\n","protected":false},"author":3360,"featured_media":2578457,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/10\/AP25042595527401_2e2a0c.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[32671,70888,51379,33056],"class_list":["post-2578456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-housing-policy","tag-investor-ban","tag-real-estate-2","tag-tim-scott"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/10\/AP25042595527401_2e2a0c.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2578456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2578456"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2578456\/revisions"}],"predecessor-version":[{"id":2578460,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2578456\/revisions\/2578460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2578457"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2578456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2578456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2578456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}