Congresswoman Malliotakis proposes legislation to cut capital gains taxes for seniors selling homes, aiding financial equity and housing market availability.
Quiver AI Summary
Congresswoman Malliotakis proposes new legislation: Congresswoman Nicole Malliotakis has introduced the "Nest Egg Protection Act" aimed at lowering capital gains taxes for seniors selling their homes. The proposed legislation would increase the exclusion limit from $250,000 to $1 million for individuals and couples over 65, with homeownership requirements of at least 25 years.
Impact on seniors and housing market: Malliotakis emphasizes that many seniors in her district, where home prices are high, face significant tax liabilities if they decide to sell. The legislation aims to help these seniors retain more equity while potentially increasing housing availability for younger families and first-time homebuyers.
Reactions from local real estate professionals: Various stakeholders, including REALTOR associations, have expressed support for the bill, stating it could alleviate financial burdens on seniors and incentivize them to sell their homes, thus improving the overall housing market dynamics.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Check out the Quiver Quantitative API to build on top of data on congressional stock trading, insider transactions, hedge fund moves, and more.
Nicole Malliotakis Fundraising
Nicole Malliotakis recently disclosed $428.8K of fundraising in a Q1 FEC disclosure filed on April 15th, 2026. This was the 263rd most from all Q1 reports we have seen this year. 57.8% came from individual donors.
Malliotakis disclosed $262.6K of spending. This was the 373rd most from all Q1 reports we have seen from politicians so far this year.
Malliotakis disclosed $2.6M of cash on hand at the end of the filing period. This was the 172nd most from all Q1 reports we have seen this year.
You can see the disclosure here, or track Nicole Malliotakis's fundraising on Quiver Quantitative.
Nicole Malliotakis Net Worth
Quiver Quantitative estimates that Nicole Malliotakis is worth $1.7M, as of June 1st, 2026. This is the 269th highest net worth in Congress, per our live estimates.
Malliotakis has approximately $560.8K invested in publicly traded assets which Quiver is able to track live.
You can track Nicole Malliotakis's net worth on Quiver Quantitative's politician page for Malliotakis.
Nicole Malliotakis Bill Proposals
Here are some bills which have recently been proposed by Nicole Malliotakis:
- H.R.9064: To amend the Internal Revenue Code of 1986 to temporarily increase the capital gains exclusion for any qualifying senior who sells a principal residence during a qualifying year, and for other purposes.
- H.R.8898: End Government Pensions for Sexual Abusers Act of 2026
- H.R.8796: Federal Halo Act
- H.R.8753: Gas Tax Relief Act
- H.R.7581: LOVE Act
- H.R.7316: SNAP Payment Security and Fraud Prevention Act of 2026
You can track bills proposed by Nicole Malliotakis on Quiver Quantitative's politician page for Malliotakis.
2026 New York's 11th Congressional District Election
There has been approximately $4,175,877 of spending in New York's 11th congressional district elections over the last two years, per our estimates.
Approximately $13,450 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- D.R.I.V.E. - DEMOCRAT, REPUBLICAN, INDEPENDENT VOTER EDUCATION (THE PAC OF THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS) ($10,000)
- FREE AND FAIR DEMOCRACY PAC ($3,450)
The rating for this race is currently "Solid R".
You can track this election on our matchup page for the 2026 New York's 11th congressional district election.
