Tennessee · 114th Regular Session (2025-2026) · Bill

SB 242: Housing - 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.

Passed one chamber Last action March 12, 2026: Rcvd. from S., held on H. desk.

Plain-language summary

SB 242 is a bill introduced in the Tennessee Senate on January 22, 2025. According to its official title, it concerns: Housing - 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. Primary sponsor: Charlane Oliver (Democratic). Most recent recorded action (March 12, 2026): Rcvd. from S., held on H. desk.

Sponsors

Primary sponsor: Charlane Oliver (Democratic).