It follows the purchase of 80% of a Maynooth housing estate by an investment firm.
A Kildare North Fianna Fáil TD has defended his party's policy on housing.
Last night, the Housing Minister, Fianna Fáil's Darragh O'Brien, said there will be action from the government "shortly" on investment funds buying up residential property.
A recent notable purchase was that by Round Hill Capital, which paid €53 million for 135 out of 170 homes in Mullen Park, Maynooth.
However, senior government figures have warned it could be weeks before anything is in place.
After agreement is reached by Ministers, the Attorney General will have to be consulted and legislation drafted.
James Lawless says cuckoo funds are not the only issue
Deputy Lawless joined Clem Ryan on Wednesday's edition of the programme, in an interview which began with an up-date on site acquisition for three co-located schools in Celbridge.

CCPC Issues Open Letter To Traders Amid Surge In Complaints Over Home Building And Improvement Jobs
Pizza Vending Machine In Naas Forced To Close Over Anti-Social Activity And Alleged Drug Dealing
BREAKING: DJ Carey Jailed For Five-And-A-Half Years
Kildare Superintendent Among Officers Promoted As Part Of Senior Garda Operational Reassignments
BREAKING: Man Arrested On Suspicion Of Murder Following Death Of Ryan Weir Gibbons In Kildare Town
EirGrid Urges Kildare Communities To Learn About €4.6m Fund At Upcoming Local Workshops
"Hope At Last" - Horsepasstown Residents May Soon See End To Six-Year Boil Water Struggle
Kildare Among Worst-Hit Counties As Teacher Shortages Hit Special And Disadvantaged Schools