Search Results: keywords:"residential property"

  • H. R. 8747 — To require disclosure of asbestos hazards in the sale and lease of residential dwellings, and for other purposes.
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    Status:Introduced in House
    Words:1,405

    H.R. 8747, known as the "Asbestos Exposure in Housing Reduction Act of 2024," aims to protect people from asbestos hazards in residential properties. It requires sellers and landlords to disclose any known asbestos dangers before selling or leasing a home. Buyers and renters get a chance to...

    Simple Explanation

    H.R. 8747 is a rule that wants house sellers and landlords to tell people if there might be dangerous asbestos in a home, giving buyers and renters a chance to check and keep everyone safe.

  • S. 4620 — To modify the premerger notification requirements under the Clayton Act with respect to certain acquisitions of residential property, and for other purposes.
    Status:Introduced in Senate
    Words:807

    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.