WA People
BILL · 2025–26 SESSION · LATEST VERSION E2SSB 5496

SB 5496: Home buying by entities

Preserving homeownership options by limiting excessive home buying by certain entities.

Summary

  • Prohibits an investment entity, or a business entity that has an interest in more than 100 single-family residential properties in Washington state, from purchasing, acquiring, or otherwise obtaining an interest in another single-family residential property, with certain exceptions.
  • Provides enforcement and penalties under the Consumer Protection Act.

From the Engrossed Second Substitute House Bill Report (E2SSB 5496), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 27, 2025
  2. Out of committeeFeb 28, 2025
  3. Passed SenateFeb 13, 2026
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Emily Alvarado (D-34)
Introduced
January 27, 2025 in the Senate
Last action
March 12, 2026
Companion bill
HB 1732
Budget
Has a fiscal note
Versions
SB 5496, SSB 5496, 2SSB 5496, E2SSB 5496

AN ACT Relating to preserving homeownership options by limiting excessive home buying by certain entities;

Sponsors

Prime sponsor: Emily Alvarado (D-34)

13 co-sponsors (13 Democrats, 0 Republicans)

Tina Orwall D-33Jessica Bateman D-22Steve Conway D-29Noel Frame D-36Bob Hasegawa D-11Liz Lovelett D-40T'wina Nobles D-28Rebecca Saldaña D-37Derek Stanford D-1Yasmin Trudeau D-27Javier Valdez D-46Lisa Wellman D-41Claire Wilson D-30

Votes

Senate · 3rd Reading & Final Passage

Passed February 13, 2026
Version voted on: E2SSB 5496
29 Yea 19 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat29100
Republican01801
How each member voted

Excused (1)

Permalink to this vote

History

  1. By resolution, returned to Senate Rules Committee for third reading. (E2SSB 5496)
  2. Rules Committee relieved of further consideration. Placed on second reading. (E2SSB 5496)
  3. Referred to Rules 2 Review. (E2SSB 5496)
  4. Minority; without recommendation. (E2SSB 5496)
  5. Minority; do not pass. (E2SSB 5496)
  6. APP - Majority; do pass with amendment(s). (E2SSB 5496)
  7. APP - Executive action taken by committee. (E2SSB 5496)
  8. Referred to Appropriations. (E2SSB 5496)
  9. HOUS - Executive action taken by committee. (E2SSB 5496)
  10. Minority; without recommendation. (E2SSB 5496)
  11. Minority; do not pass. (E2SSB 5496)
  12. HOUS - Majority; do pass. (E2SSB 5496)
  13. First reading, referred to Housing. (E2SSB 5496)
  14. Third reading, passed; yeas, 29; nays, 19; absent, 0; excused, 1. (E2SSB 5496)
  15. Rules suspended. Placed on Third Reading. (E2SSB 5496)
  16. Floor amendment(s) adopted. (E2SSB 5496)
  17. 2nd substitute bill substituted. (E2SSB 5496)
  18. 2nd substitute bill substituted. (SSB 5496)
  19. 2nd substitute bill substituted.
  20. Placed on second reading by Rules Committee. (E2SSB 5496)
  21. Placed on second reading by Rules Committee. (SSB 5496)
  22. Placed on second reading by Rules Committee.
  23. Passed to Rules Committee for second reading. (E2SSB 5496)
  24. Passed to Rules Committee for second reading. (SSB 5496)
  25. Passed to Rules Committee for second reading.
  26. WM - Majority; do pass 2nd substitute bill proposed by Ways & Means. (E2SSB 5496)
  27. Minority; do not pass. (E2SSB 5496)
  28. Minority; do not pass. (SSB 5496)
  29. WM - Majority; do pass 2nd substitute bill proposed by Ways & Means. (SSB 5496)
  30. WM - Majority; do pass 2nd substitute bill proposed by Ways & Means.
  31. Minority; do not pass.
  32. Rules Committee relieved of further consideration. On motion, referred to Ways & Means. (E2SSB 5496)
  33. By resolution, reintroduced and retained in present status. (E2SSB 5496)
  34. By resolution, reintroduced and retained in present status. (SSB 5496)
  35. Rules Committee relieved of further consideration. On motion, referred to Ways & Means. (SSB 5496)
  36. Rules Committee relieved of further consideration. On motion, referred to Ways & Means.
  37. By resolution, reintroduced and retained in present status.
  38. Senate Rules "X" file. (E2SSB 5496)
  39. Senate Rules "X" file. (SSB 5496)
  40. Senate Rules "X" file.
  41. Placed on second reading by Rules Committee. (E2SSB 5496)
  42. Placed on second reading by Rules Committee. (SSB 5496)
  43. Placed on second reading by Rules Committee.
  44. Passed to Rules Committee for second reading. (E2SSB 5496)
  45. Minority; without recommendation. (E2SSB 5496)
  46. Minority; do not pass. (E2SSB 5496)
  47. WM - Majority; 2nd substitute bill be substituted, do pass. (E2SSB 5496)
  48. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 5496)
  49. Minority; do not pass. (SSB 5496)
  50. Minority; without recommendation. (SSB 5496)
  51. Passed to Rules Committee for second reading. (SSB 5496)
  52. Passed to Rules Committee for second reading.
  53. Minority; without recommendation.
  54. Minority; do not pass.
  55. WM - Majority; 2nd substitute bill be substituted, do pass.
  56. Referred to Ways & Means. (SSB 5496)
  57. Referred to Ways & Means.
  58. Minority; do not pass. (SSB 5496)
  59. And refer to Ways & Means. (SSB 5496)
  60. HSG - Majority; 1st substitute bill be substituted, do pass. (SSB 5496)
  61. HSG - Majority; 1st substitute bill be substituted, do pass.
  62. And refer to Ways & Means.
  63. Minority; do not pass.
  64. First reading, referred to Housing.

SB 5496 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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