House passes revised bipartisan housing legislation, sending it to the Senate
The House of Representatives voted Wednesday to pass bipartisan housing legislation designed to boost supply and help with affordability amid a clash with the Senate.
TL;DR
- The House passed a revised bipartisan housing bill, the 21st Century ROAD to Housing Act, with a 396-13 vote.
- The bill aims to increase housing supply and affordability.
- Key revisions include a ban on institutional investors buying single-family homes and a modified provision for build-to-rent homes.
- A temporary ban on central bank digital currencies is also included.
- The House's version differs from the Senate's original bill, leading to ongoing negotiations.
- 13 Republican lawmakers voted against the bill.