Democrat Senator Has Financial Ties to Opponents of Housing Reform Bill

Senators from both parties who voted against legislation to rein in the ability of large investors to acquire rental properties have a series of financial ties to those same investors. Sen. Brian Schatz (D-HI) was the lone Democrat to vote against the 21st Century ROAD to Housing Act, which would prevent investors from buying up large quantities of single-family or duplex homes to turn into rentals. Schatz’s wife runs a real estate consulting firm, Schatz Collaborative, that currently works with large property investors who could be hurt by the bill. Schatz himself, alongside some GOP opponents of the legislation, has accepted significant campaign contributions from interest groups seeking to stop the bill from becoming law. Minnesota House scrutinizes Walz’s fraud prevention plan: ‘Where’s the accountability?’ Some Democrats pledge to get rid of funds donated by Swalwell’s leadership PAC, others remain silent Spanberger touts Youngkin-era investments in Virginia as state enters economic decline “Senator Schatz is in favor of increasing housing supply and against constraining it, and that is why he opposed federal restrictions on build-to-rent,” a spokesman for the lawmaker told the Washington Examiner. “The overwhelming majority of housing experts agree with him. Senator Schatz doesn’t discuss pending legislation with family members where there could be a conflict.” This 250th Independence Day Wreath Broke Sales Records in Just 3 Days Neither Left nor Right: A Newsletter Unafraid of Political Correctness I Installed This Camera… Didn’t Expect This Tap-to-Pay Users Are Being Targeted. Are You Protected? Dementia and Memory Loss Have Been Linked to a Common Food. Are You Eating It? Keep a Bread Clip in Your Wallet When Traveling - It's Genius When To Retire: a Guide for Investors With $1M+ Sciatica is Not From a Slipped Disc. Meet The Real Enemy of Sciatica (Stop This) Surgeon Reveals: This Simple Trick Will End Joint Pain & Arthritis! (Try It)