House Bill No. 6962 establishes a task force to study the regulation of corporate housing acquisitions in the state. The task force will examine the impact of large corporate entities acquiring residential real property, focusing on issues such as housing affordability, rental prices, and homeownership opportunities. Additionally, it will explore potential policies to limit or regulate these acquisitions. The task force will consist of various members appointed by legislative leaders and will include the Commissioner of Housing or their designee. Initial appointments must be made within thirty days of the bill's passage, and the task force is required to submit a report with findings and recommendations by January 1, 2026.

The bill includes new legal language that establishes the task force and outlines its composition and responsibilities, with no deletions from current law. The task force will be supported by the administrative staff of the relevant joint standing committee of the General Assembly, and it will terminate upon submitting its report or on January 1, 2026, whichever is later. The fiscal impact of the bill is noted to be none for both the state and municipalities, as the task force is expected to operate without additional costs.