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The Prevent Evictions Act of 2020, if enacted, directly impacts the Real Estate sector by restricting landlords' ability to collect rent and evict tenants. This legislation creates immediate cash flow challenges for property owners and REITs, leading to decreased revenue and potential dividend cuts. Financial institutions holding mortgage-backed securities tied to residential properties also face increased risk.

The Respect State Housing Laws Act removes the 30-day eviction notice requirement for federally assisted or backed housing, streamlining the eviction process for landlords. This change directly benefits real estate investment trusts (REITs) and financial institutions holding mortgage-backed securities by reducing vacancy periods and associated costs. The bill's placement on the Union Calendar indicates it is ready for floor consideration.