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Story summary
- U.S. Sen. Josh Hawley (R-Mo.) and U.S. Sen. Jeff Merkley (D-OR.) introduced the Homes for American Families Act.
- The act would bar purchases by firms with assets over $150 million.
- The measure would amend the Sherman Antitrust Act to implement the ban.
- It follows U.S. President Donald Trump’s State of the Union address urging limits on institutional investors.
- Experts say the approach does not fix the housing-supply shortage since 2008.
