House bill · 119th Congress · Latest step: Introduced

Protecting American Homes from Hedge Funds Act

H.R. 9657Introduced Jul 13, 2026Policy area: Taxation

Official title: To impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.

Sponsor: Rep. Adam Smith D-WA

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Where it went

IntroducedJul 13, 2026
Committee action—
Passed House—
Passed Senate—
To the President—
Became law—

Latest action: Jul 13, 2026 — Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Cost and committee reports

Official records Congress.gov attaches to H.R. 9657.

Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. SMITH of Washington, as printed in the Congressional Record (Vol. 172, No. 113, July 13, 2026, Page H4409):
Article 1 Section 8
Source: Congress.gov, Congressional Record July 13, 2026 ↗
Evidence
Field in the Congress.gov record
constitutionalAuthorityStatementText
Statement length
19 characters
Congress.gov bill record
H.R. 9657, 119th Congress
Congress.gov API record
https://api.congress.gov/v3/bill/119/hr/9657
Record last updated by Congress.gov
July 29, 2026
PORKER copy retrieved
September 13, 2026
Stored copy, SHA-256 of the file
476bb9e3afa5042a9347e71a7c92689a5a404a554d3a5d77536d697c304814f5
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of July 29, 2026). Not every bill gets one.

Sent to: Financial Services Committee, Ways and Means CommitteeBills with a CBO estimate Bills with a committee report See it in the Data Web

From the Congress.gov bill record for H.R. 9657, last updated July 29, 2026. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

3 cosponsors — 3 Democrats

0 of 3 cosponsors (0%) are from the other party.

Ro Khanna (D-CA), Linda Sánchez (D-CA), Nikema Williams (D-GA).

More from the sponsor

Other 119th Congress bills sponsored by Rep. Adam Smith.

Sponsor’s state and district

Washington in Congress · WA-9 district

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Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.