1. Short title This Act may be cited as the Housing Oversight and Mitigating Exploitation Act of 2023 or the HOME Act of 2023 . 2. Unconscionable pricing of residential rental and sale prices during emergencies (a) Unconscionable pricing (1) In general It shall be unlawful for any person to rent out a dwelling unit or sell any single-family housing, in an area and during a period of a housing emergency covered by a proclamation issued under paragraph (2), at a price that— (A) is unconscionably excessive; and (B) indicates the lessor or seller is exploiting the circumstances related to a housing emergency to increase prices unreasonably. (2) Housing emergency proclamation (A) In general The President may issue a housing emergency proclamation for any area within the jurisdiction of the United States, during which the prohibition in paragraph (1) shall apply, that includes the geographic area covered and the time period that such proclamation shall be in effect. (B) Duration The proclamation— (i) may not apply for a period of more than 30 consecutive days, but may be renewed for such consecutive periods, each not to exceed 30 days, as the President determines appropriate; and (ii) may include a period of time not to exceed 1 week before a reasonably foreseeable emergency. (3) Factors considered (A) In general In determining whether a person has violated paragraph (1), there shall be taken into account, among other factors, the aggravating factors described in subparagraph (B) and the mitigating factor described in subparagraph (C). (B) Aggravating factors The aggravating factors described in this subparagraph are the following: (i) Whether the amount charged by such person grossly exceeds the average price at which the housing unit was offered for rental or sale by such person during— (I) the 30-day period before the date on which the proclamation was issued