The General Assembly Raised Bill No. 1423 establishes a task force aimed at studying the regulation of corporate acquisitions of residential properties. The task force will investigate several key areas, including the impact of large corporate entities on housing affordability, rental prices, and homeownership opportunities. It will also explore potential issues related to requiring these entities to bid separately at foreclosure auctions, disclose their ownership of residential properties, and consider policies that could limit the number of residential properties owned by corporate entities.

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 of its findings and recommendations by February 1, 2026. The task force will be administratively supported by the staff of the housing committee and will dissolve upon submitting its report or on February 1, 2026, whichever is later. The bill introduces new legal language to establish this task force and its functions, while no deletions from current law are specified.