Illinois Quick Hits: U.S. rep proposes restriction on housing purchases

By Jim Talamonti | The Center Square
The Center Square

(The Center Square) – Illinois U.S. Rep. Mary Miller, R-Oakland, has introduced legislation to restrict large institutional investment firms from buying single-family homes.

Following an executive order from President Donald Trump, the American Family Housing Act applies to companies with more than $100 billion in assets under management.

Miller says the legislation will put an end to Wall Street firms driving up prices and pushing American families out of the housing market.

CHICAGO HEMP BAN

The Chicago City Council has passed a citywide ban on intoxicating hemp products.

Mayor Brandon Johnson expressed concern that making something illegal could create a black market, but he stopped short of promising to veto the measure.

The mayor said he would have conversations with aldermen to regulate hemp so children would not be intoxicated and small businesses would not be excluded.

CTU VIDEO

The Chicago Teachers Union has posted a video on social media to respond to a Washington Post editorial suggesting that CTU focus on teaching kids to read and write. T

he union’s answer called the op-ed a “hit piece” from the paper owned by multi-billionaire Jeff Bezos.

The CTU video said, if the Post cared about education, it would advocate for the union’s schools to be fully-funded.