Executive Order 14376 explained · Executive Order · No disposition noted
Stopping Wall Street From Competing With Main Street Homebuyers
Signed: 2026-01-20 Published: 2026-01-23 Federal Register document: 2026-01424
Agencies: Executive Office of the President
What Executive Order 14376 says
Federal Register, Volume 91 Issue 15 (Friday, January 23, 2026) [Federal Register Volume 91, Number 15 (Friday, January 23, 2026)] [Presidential Documents] [Pages 3023-3025] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2026-01424] Presidential Documents Federal Register / Vol. 91 , No. 15 / Friday, January 23, 2026 / Presidential Documents [[Page 3023]] Executive Order 14376 of January 20, 2026 Stopping Wall Street From Competing With Main Street Homebuyers By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Purpose and Policy. Buying and owning a home has long been considered the pinnacle of the American dream and a way for families to invest and build lifetime wealth. But because of the recent high inflation and interest rates caused by the previous administration, that American dream has been increasingly out of reach for too many of our citizens, especially first-time homebuyers. At the same time, a growing share of single-family homes, often concentrated in certain communities, have been purchased by large Wall Street investors, crowding out families seeking to buy homes. Hardworking young families cannot effectively compete for starter homes with Wall Street firms and their vast resources. Neighborhoods and communities once...
Opening of the official text; read it in full in the Federal Register.
Constitution Index
“VFA Constitution grade”
Constitutionally sound
Graded 2026-10-08
SI-generated grade · five published checks · not individually reviewed by a person · methodology
Executive Order 14376 directs how the Federal Government sells, insures, guarantees, and securitizes homes it already touches, orders lawful antitrust and disclosure reviews, and asks Congress for legislation. It imposes no private-market ban, no seizure, and no penalty without process, staying within executive stewardship of Federal property and programs. Constitutionally sound with only implementation details left to agencies and Congress.
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✓ Passes · Enumerated powers
The President acts within executive authority over Federal property and programs. Article II, Section 1 and Section 3 vest executive power and the duty to take care that the laws be faithfully executed. Article IV, Section 3, Clause 2 gives Congress power over disposition of Federal property, which the executive implements through agencies holding that inventory. Article I, Section 8, Clauses 1 an… -
✓ Passes · Bill of Rights
No First through Tenth Amendment right is infringed. The Order does not ban speech, press, religion or assembly under the First Amendment; does not regulate arms under the Second Amendment; does not authorize searches or seizures under the Fourth Amendment. It creates no criminal penalty, no warrantless surveillance, and no taking of private homes. It directs guidance on how the Federal Government… -
✓ Passes · Individual sovereignty
No individual is barred from buying, owning, selling, renting, or speaking about a home. Private owners remain free to sell to any lawful buyer. The restriction falls on the Federal Government's own dispositions and support: agencies and Government-sponsored enterprises are told to favor individual owner-occupants when selling or supporting Federal-connected homes. Because the burden falls on gove… -
✓ Passes · Decentralization
The four-question test favors Federal action here because the subject is the disposition and management of Federal assets and Federal programs. Individuals, counties, and States cannot dispose of Federal Housing Administration, Veterans Affairs, Agriculture, General Services, or Government-sponsored enterprise inventory, nor set terms for Federal insurance, guarantees, and securitization. The Orde… -
✓ Passes · Due process and takings
No procedural due process, presumption of innocence, or Takings Clause violation. Under the Fifth Amendment, no private property is seized, frozen, or transferred without notice, hearing, or compensation. Section 3 directs agencies to prefer owner-occupants in future Federal dispositions 'to the maximum extent permitted by law' with tailored exceptions; Section 4 calls for review of rules, antitru…
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