Georgia House Bill 555

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Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on February 20 2025 - 25% progression
Action: 2025-02-21 - House First Readers
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [PDF]

A BILL to be entitled an Act to amend Chapter 3 of Title 44 of the Official Code of Georgia Annotated, relating to regulation of specialized land transactions, so as to prohibit business enterprises from owning an interest in more than 2,000 single-family residential properties or ten multifamily residential properties; to provide for the forfeiture of rental payments paid in connection with an unlawful lease of residential property; to provide a private cause of action for the return of rental payments paid in connection with an unlawful lease of residential property; to provide for the disclosure of information by brokers; to provide an effective date; to provide a short title; to provide for related matters; to repeal conflicting laws; and for other purposes.

Georgians First Residential Property Protection Act; enact

Rep. Derrick McCollum [R]	Rep. Martin Momtahan [R]	Rep. Joseph Gullett [R]	Rep. Chuck Efstration [R]
Rep. Spencer Frye [D]	Rep. Tyler Smith [R]

Date	Chamber	Action
2025-02-21	House	House First Readers
2025-02-20	House	House Hopper

Type	Source
Summary	https://www.legis.ga.gov/legislation/70600
Text	https://www.legis.ga.gov/api/legislation/document/20252026/233250