Senator Rosen & Congressman Horsford Call on Trump to Support Their Bill to Crack Down on Corporate Price Gouging in Housing Market

Letter Follows President’s Public Support for Holding Bad Actor Corporate Investors Accountable
WASHINGTON, DC –After President Donald Trump expressed his vocal support for holding large corporate investors in housing accountable, U.S. Senator Jacky Rosen (D-NV) and Congressman Steven Horsford (D-NV-04) sent him a letter requesting his support for their bill to crack down on price gouging by bad actor corporate investors who are buying up housing stock and driving up home prices. TheHousing Oversight and Mitigation Exploitation (HOME) Actwould, among other things, make it illegal for any corporation or person to rent or sell a dwelling unit at an unreasonable price during an affordable housing crisis.
“Our ‘Housing Oversight and Mitigation Exploitation (HOME) Act’ provides clear, administrable tools to crack down on corporate price gouging in the housing market, which can drive up already-high home prices and take affordable homes off the market,”wrote the members.“As you already noted, some large corporate investors raise significant capital to make high cash offers on single-family homes, often hollowing middle-income neighborhoods across the country and sometimes making it impossible for first-time homebuyers to compete.”
“Since you’ve opened the door to confronting housing speculation and lowering the cost of housing, the ‘HOME Act’ offers a ready-to-move solution,”continued the members.“We respectfully urge you to publicly support this legislation and work with Congress to advance it as part of a broader housing affordability agenda. This policy is not about politics; it is about delivering real relief for working families and protecting the promise of affordable homeownership.”
The full letter can be foundHERE.
Senator Rosen has been fighting to address the housing crisis in Nevada. She has beenleadingthe fight against tariffs on construction materials from Canada and Mexico that are raising housing costs. Senator Rosen sent aletterto the Department of Housing and Urban Development, urging them to support small businesses working to bring down housing costs. Senator Rosen also helpedintroduce a billthat would provide a tax credit for first-time homebuyers, and recentlyjoined a bipartisan billto help lower housing costs and incentivize housing development in Nevada.
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