2025-2026 Regular Session • Tennessee Legislature
SB0242: AN ACT to amend Tennessee Code Annotated, Title 13; Title 47 and Title 66, relative to housing market manipulation.
Legislative Summary
As introduced, enacts the "Homes not Hedge Funds Act"; prohibits certain business entities from purchasing more than 100 single-family homes in certain counties in this state for purposes of renting the purchased properties; establishes a state and private cause of action and establishes damages for violations. - Amends TCA Title 13; Title 47 and Title 66.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
1/22/2025
Filed for introduction
Senate
1/27/2025
Introduced, Passed on First Consideration
Senate
2/10/2025
Passed on Second Consideration, refer to Senate State and Local Government Committee
Senate
3/11/2025
Placed on Senate State and Local Government Committee calendar for 3/18/2025
Senate
3/18/2025
Action deferred in Senate State and Local Government Committee to first calendar of 2026
Senate
Status Information
Current Status
Introduced(1/22/2025)
Chamber
Senate
Committee
State and Local Government(Senate)
Sponsors
Democrat: 1
Primary Sponsor
Charlane Oliver
Democrat