Contact Congress about H.R. 7820: To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes.

Investors would get until 2036 to put eligible profits into Opportunity Zone funds. Rental projects using these tax breaks would face income rules, a 3% yearly rent cap, and 60 days' notice before rent goes up.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes. is a House bill in committee. The latest recorded action: Referred to the House Committee on Ways and Means.

Latest action on H.R. 7820: Referred to the House Committee on Ways and Means.

Who this affects: This bill mainly affects investors, developers, and renters tied to Opportunity Zone rental housing. Investors would get more time to use the tax break. Developers of rental projects would have to follow new income and rent rules to keep the tax benefits. Renters in those projects could get slower rent increases and more warning before rent goes up.

Why this matters: This bill matters because it could shape where investment money goes and what rules apply to some rental housing. It gives investors more time to use a major tax break in Opportunity Zones. It also ties rental housing tax benefits to tenant income rules and rent limits. Those rules could help some renters, but they could also change whether projects are worth building or funding.

Key provisions in H.R. 7820

• Existing Qualified Opportunity Zones would last longer. Zones already in effect would stay designated for 20 calendar years instead of 10.
• Investors would get 10 more years to use the main election. The deadline to move eligible capital gains into a Qualified Opportunity Fund would shift from December 31, 2026, to December 31, 2036.
• Older deferred gains would still come due in 2026. Gains invested before the bill becomes law must be taxed by December 31, 2026, while gains invested after that and before 2037 must be taxed by December 31, 2036.
• Rental housing funds would have to meet a tenant income test to get basis step-ups. At least 50% of occupied units must be rented to tenants at or below area median income when the deferred gain is taxed.
• Some tax benefits would grow for residential rental projects. The bill raises certain basis-increase percentages from 10% to 15% and from 5% to 7%.

How Modern Action helps you take action on H.R. 7820

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 7820

What is H.R. 7820?

Investors would get until 2036 to put eligible profits into Opportunity Zone funds. Rental projects using these tax breaks would face income rules, a 3% yearly rent cap, and 60 days' notice before rent goes up.

How do I support or oppose H.R. 7820?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 7820?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 7820 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.