What’s next for the bipartisan housing legislation?
The House passed landmark housing legislation this week after a clash with the Senate over certain provisions. What is next and when President Donald Trump could sign it into law remain unclear.
TL;DR
- The House passed the 21st Century ROAD to Housing Act with a 396-13 vote.
- The bill aims to increase housing supply and affordability through zoning deregulation.
- Interchamber disputes occurred between the House and Senate over amendments.
- House negotiators, including French Hill and Maxine Waters, added amendments.
- Senate leaders, Tim Scott and Elizabeth Warren, preferred the Senate's original version.
- A major update banned institutional investors from buying single-family homes.