URGING THE UNITED STATES CONGRESS TO PROPOSE AN AMENDMENT TO THE UNITED STATES CONSTITUTION TO ALLOW STATES TO RESTRICT THE PURCHASE OF RESIDENTIAL REAL PROPERTY TO STATE RESIDENTS.

This bill is a state-level resolution that urges the U.S. Congress to propose a constitutional amendment allowing states to restrict the purchase of residential real estate to their own residents. It directly affects Hawaii by seeking federal action to address the state's housing affordability crisis, which the bill attributes in part to out-of-state buyers purchasing homes for investment or vacation use. The key mechanism is a request for a constitutional change to the Privileges and Immunities Clause, which currently prevents states from limiting property ownership based on residency. If adopted, this amendment would enable states to pass laws reserving home purchases for local residents, though the bill itself does not enact any restrictions directly.