S. 4620, or the "Housing Acquisitions Review and Transparency Act" (HART Act), seeks to change the rules for reporting mergers that involve buying residential properties under the Clayton Act. The bill defines key terms like "residential property," and mandates that any...
Simple Explanation
The Housing Acquisitions Review and Transparency Act wants to make it so when someone buys lots of houses, they have to tell the government about all of them together, so they can make sure it doesn't break any rules. This means that people who buy houses need to let the government know what they're up to, so everything stays fair for everyone.