(Washington, DC) — Sen. John Hoeven is supporting legislation to deter investors from buying single-family homes. The bill has seen overwhelming bipartisan support, passing in the U.S. House 390-to-nine and 89-to-nine in the Senate. The bill would cap investors from owning more than 350 homes. Hoeven says it also aims to create more affordable home construction and repairs through federal programs. Hidden in the bill is a ban on the central bank from issuing digital currency, which has caused some hesitancy from lawmakers.
