Madam President, colleagues, the dream of home ownership is dying, and this is a big deal. Your home is your castle. This is a major source of wealth for middle-class families. And a factor killing the dream of home ownership is private equity and hedge funds buying up homes all across America. In fact, ordinary families can't compete with their all-cash, no inspection offers. They are driving up the prices to buy homes. They are driving up the rent. So today, let's take a step toward restoring the dream of homeownership. This is a deficit-neutral reserve fund that creates incentives for private-equity hedge funds to ease their way out of this market so that families can continue to be homeowners in America, their children can continue to be homeowners. Let's not let this dream die on our watch. I encourage you to vote for this because houses should be homes for families, not a profit center for Wall Street.
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