1. Short title This Act may be cited as the Home Advantage for American Families Act of 2023 . 2. Expansion of tools to combat money laundering (a) In general Subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following: 5337. Reports on applicable residential property (a) Definitions In this section: (1) Applicable residential property The term applicable residential property means property described in section 1445(f) of the Internal Revenue Code of 1986 and which is located in any of the 15 largest metropolitan statistical areas by population (as determined by the Office of Management and Budget). (2) Foreign person The term foreign person means any person that is not a citizen or permanent resident of the United States. (3) Sale of applicable residential property The term sale of applicable residential property means the sale of an interest in applicable residential property. (b) Reports Any foreign person involved in a transaction related to the sale of applicable residential property shall submit to the Secretary of the Treasury a report with respect to the transaction or any related transaction that contains— (1) the name and any other identification information that the Secretary determines is necessary of the individual purchasing the applicable residential property; (2) the amount and source of the funds received by the seller, as determined by the Secretary; (3) the date and nature of the transaction