A bipartisan group of U.S. senators has introduced legislation to prevent private equity firms from purchasing single-family homes. The measure aims to reduce housing affordability pressures and address investor-driven price spikes. The legislation would apply specifically to private equity companies and institutional investors that manage pooled funds for outside investors. Under the proposal, covered firms that currently own single family rental homes would be required to sell these properties within a set timeframe, potentially three to five years, and penalties could include financial fines and restrictions on future real estate activity. The bill's prospects in Congress are uncertain due to strong lobbying opposition and procedural hurdles.