California Democratic Rep. Ro Khanna on Friday reintroduced a bill that would curb institutional investors from buying up housing, leveraging a similar call made recently by President Donald Trump.
Trump said in a Truth Social post on Jan. 7 that he would be “immediately taking steps to ban large institutional investors from buying more single-family homes.”
Trump’s remark was one of a flurry of populist economic moves by the president as he races to address voter concerns about affordability ahead of the 2026 midterm elections.
A recent Marist poll found that just 36% of Americans approved of Trump’s handling of the economy, while 57% disapproved. That is a significant headwind for Trump’s fellow Republicans in Congress as they try to hang onto their razor-thin majorities in the House of Representatives and Senate.
In a statement to CNBC, Khanna invoked Trump’s recent support for blocking institutional investors from buying up housing.
