WASHINGTON, June 22 -- Sen. Jeff Merkley issued the following press release:
Oregon's U.S. Senator Jeff Merkley-a long-time champion of kicking hedge funds out of the housing market (https://www.merkley.senate.gov/merkley-applauds-senate-passage-of-housing-provisions-to-crack-down-on-hedge-fund-control-of-american-homes/)-released the following statement after the Senate passed an updated version of Sen. Elizabeth Warren's 21st Century ROAD to Housing Act, the biggest housing bill in 30 years, that includes the first-ever limits on institutional investors purchasing single-family homes:
"For too long, the dream of owning a home has been made harder when working families are forced to compete against all-cash, no-inspection offers to buy a...