This Act aims to combat squatting by defining it and imposing consequences. It states that squatting does not confer special tenant status. It prohibits the allocation of funds for local governments that permit or condone squatting. It extends the prohibition to federal support for loans on residential properties in such areas. The bill restrains the Secretary from providing funds for jurisdictions that allow squatting and necessitates them to take corrective actions. The covered agencies are directed to issue guidelines for implementing this prohibition. The bill continuously refers to squatting as entering a property without the owner's permission and residing without paying rent for consecutive days.