(A) a long-term strategy for the Depart-
ment of Housing and Urban Development and 
the Congress to address manipulation of rental 
housing markets and markets for sale of single- 
family housing, and in preparing the strategy 
the Secretary shall utilize data on race, gender, 
and socioeconomic status; and 
(B) a description and analysis of how non- 
occupant investors in single-family housing im-
pact underserved and minority communities. 
(c) EXEMPTION
FROM
PAPERWORK
REDUCTION 
ACT.—Chapter 35 of title 44, United States Code, shall 
not apply to the collection of information under subsection 
(a). 
(d) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to the Secretary to carry 
out this section $1,000,000 for fiscal year 2023. 
SEC. 4. HOUSING COST MONITORING AND ENFORCEMENT 
WITHIN HUD. 
(a) ESTABLISHMENT OF THE HOUSING MONITORING 
AND ENFORCEMENT UNIT.— 
(1) IN GENERAL.—The Secretary shall establish 
within the Department of Housing and Urban De-
velopment the Housing Monitoring and Enforcement 
Unit (in this section referred to as the ‘‘Unit’’). 
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(2) DUTIES OF THE UNIT.— 
(A) PRIMARY RESPONSIBILITY.—The pri-
mary responsibility of the Unit shall be to assist 
the Secretary in protecting the public interest 
by continuously and comprehensively collecting, 
monitoring, and analyzing rental housing mar-
ket data, data for markets for sale of single- 
family housing, and data on investor-owned, 
non-owner occupied housing units, in order to— 
(i) support transparent and competi-
tive market practices; 
(ii) identify any market manipulation, 
including by collecting and analyzing data 
on race, gender, and socioeconomic status, 
any reporting of false information, any use 
of market power to disadvantage con-
sumers, or any other unfair method of 
competition; and 
(iii) facilitate enforcement of penalties 
against persons in violation of relevant 
statutory prohibitions. 
(B) SPECIFIC DUTIES.—In order to carry 
out the responsibility under subparagraph (A), 
the Unit shall assist the Secretary in carrying 
out the following duties: 
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(i) Receiving, compiling, and ana-
lyzing relevant buying and selling activity 
in order to identify and investigate anoma-
lous market trends and suspicious behav-
ior. 
(ii) Determining whether excessive 
concentration or exclusive control of hous-
ing-related infrastructure may allow or re-
sult in anti-competitive behaviors. 
(iii) Obtaining a data-sharing agree-
ment with State and local jurisdictions, 
housing agencies, and relevant public and 
private data sources to receive and archive 
information on housing purchases by insti-
tutional investors within a given area. 
SEC. 5. INVESTIGATIONS OF EXCESSIVE HOUSING PUR-
CHASES. 
The Secretary shall monitor purchases of single-fam-
ily housing in each housing market area in the United 
States, as determined by the Secretary, to determine 
whether any single purchaser of such housing, including 
any purchaser that is an institutional investor, is pur-
chasing an excessive amount of such housing made avail-
able for sale in any such market area. If the Secretary 
determines that any single purchaser has purchased more 
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than 5 percent of the single-family housing made available 
for sale in any market area over a 3-year period, or if, 
in aggregate, large institutional investors have purchased 
more than 25 percent of the single-family housing made 
available for sale in any market area over a 1-year period, 
the Secretary shall conduct an investigation to determine 
the purposes of and circumstances involved in such pur-
chases, including price gouging, market manipulation, and 
unfair investment practices that drive homeowners out of 
the market. 
SEC. 6. DEFINITIONS. 
For purposes of this Act, the following definitions 
shall apply: 
(1) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Housing and Urban Development. 
(2) SINGLE-FAMILY HOUSING.—The term ‘‘sin-
gle-family housing’’ means a residence consisting of 
1 to 4 dwelling units, but does not include a dwelling 
unit in a condominium or cooperative housing 
project. 
Æ 
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