H.R. 9937, known as the “Stop Predatory Investing Act,” seeks to amend the Internal Revenue Code to prevent certain large property owners from benefiting from tax deductions. Specifically, it disallows interest and depreciation deductions for taxpayers who own 50 or more single family...
Simple Explanation
The Stop Predatory Investing Act wants to change the rules so that people who own lots of houses (50 or more) can't get certain money breaks, like not having to pay as much tax on interest and wear and tear. This is to make sure big landlords can't take unfair advantage and make housing tricky for others.