Story perspectives

Bipartisan Bill Passes Senate, Targets Institutional Property Investors

3/13/2026

Summary

Story summary

Senator Elizabeth Warren (D-Mass.) and Senator Tim Scott (R-S.C.) co-sponsored a bill that passed the Senate 89-10.
All "no" votes came from Republicans, except Senator Brian Schatz (D-Hawaii), who raised concerns.
Schatz argued the bill targets large institutional investors by forcing them to sell rental properties to families after seven years.
Warren countered Schatz's claims, stating that Schatz mischaracterized the businesses involved, asserting they could continue to build as needed.

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Story summary

Senator Elizabeth Warren (D-Mass.) and Senator Tim Scott (R-S.C.) co-sponsored a bill that passed the Senate 89-10.
All "no" votes came from Republicans, except Senator Brian Schatz (D-Hawaii), who raised concerns.
Schatz argued the bill targets large institutional investors by forcing them to sell rental properties to families after seven years.
Warren countered Schatz's claims, stating that Schatz mischaracterized the businesses involved, asserting they could continue to build as needed.