Nothing requires an investor to sell homes bought before enactment
What the document says“(A) require any large institutional investor to divest or otherwise sell any single-family home purchased before the date of enactment of this Act; or (B) prevent the filing of a petition, or otherwise affect any bankruptcy proceeding, under title 11, United States Code.”
The section states that nothing in it may be read as requiring a large institutional investor to divest or sell a home bought before enactment, or as preventing a bankruptcy petition or affecting a bankruptcy proceeding under title 11 of the United States Code.
What the document actually says“(A) require any large institutional investor to divest or otherwise sell any single-family home purchased before the date of enactment of this Act; or (B) prevent the filing of a petition, or otherwise affect any bankruptcy proceeding, under title 11, United States Code.”
No large investor has to sell a home it bought before this law. Nothing here blocks a bankruptcy case either.
The bar reaches only new purchases. Homes already held stay where they are. Bankruptcy law is untouched.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.