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Chairman Carson backs substitute restricting retirement funds from investing in single-family homes

Senate Rules · April 1, 2026

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Summary

Chairman Carson presented and the Senate Rules panel approved a substitute to Senate Bill 23 that clarifies retirement-system alternative investments are allowed but bars use of vehicles that acquire large portfolios of single-family homes or residences. The substitute was approved with no recorded opposition.

Chairman Carson presented a substitute version of Senate Bill 23 to the Senate Rules panel, describing the measure as aimed at diversifying retirement-system holdings while preventing certain private-equity or private-debt investments in single-family residences.

"So what we put in,…

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