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Legislators and public figures are calling for significant reforms to limit foreign and corporate influence in the U.S. housing and election markets. Senator Jeff Merkley has introduced the End Hedge Fund Control of American Homes Act, aiming to prevent hedge funds from buying large numbers of homes and controlling rent prices. Additionally, there is growing support for banning foreign-owned companies from donating to U.S. elections, with Representative Jamie Raskin and Senator Sheldon Whitehouse advocating for legislation to close loopholes that allow foreign-controlled corporations to channel money into U.S. elections since the Citizens United ruling. Specific corporate entities like Blackrock and Invitation have been highlighted in these discussions.
Foreign-controlled corporations have channeled huge sums of money into U.S. elections since Citizens United. Americans, not global autocrats and oligarchs, must choose our leaders. @SenWhitehouse and my legislation closes this glaring loophole, NOW. https://t.co/IScnhnobrd
Foreign-controlled corporations have channeled huge sums of money into U.S. elections since Citizens United. Americans, not global autocrats and oligarchs, must choose our leaders. @SenatorWhitehouse and my legislation closes this glaring loophole, NOW. https://t.co/IScnhnobrd
Hedge funds shouldn’t be allowed to buy up whole neighborhoods, controlling rent prices and outbidding families for homes. They shouldn’t be in the housing market at all—which is why I wrote the End Hedge Fund Control of American Homes Act! Let’s get it passed.