Updated

Updated · Fox News · Jul 9

Trump Ties SAVE America Act to $350 Billion Defense Package as Senate Votes Fall Short

Updated

Updated · Fox News · Jul 9

Trump Ties SAVE America Act to $350 Billion Defense Package as Senate Votes Fall Short

Q: How would the stalled housing bill have restricted corporations from buying single-family homes?

It would have limited purchases by large institutional investors, not ordinary buyers, by barring firms that already own at least 350 housing units from buying additional single-family homes. The restriction was contained in Section 1001 of the bipartisan 21st Century ROAD Act of Housing, titled “Homes are for people, not corporations.” Its purpose was to reduce competition from large investors that often outbid families, especially with cash offers, and to steer more homes toward owner-occupants. The bill did include a narrow build-to-rent exception. Companies could still develop single-family homes intended as rentals, but those homes could not be held indefinitely under the exception; they would have to be sold within seven years. That was designed to allow some new supply to be built while preventing long-term accumulation of single-family homes by major corporate landlords. Supporters of the measure argued it would help address affordability and homeownership by curbing private-equity-style buying in a market already short by millions of homes. In practical terms, the bill sought to stop large corporate investors from expanding their single-family portfolios, while leaving room for homebuilding and smaller-scale market activity.

3 articles · Updated · Fox News · Jul 9

$350 billion in proposed new defense spending became Trump’s latest leverage point as he demanded the stalled SAVE America Act move with a “Reconciliation 3.0” package.
The elections bill would impose voter ID and citizenship verification requirements, but Senate Majority Leader John Thune has said Republicans lack the 60 votes needed to break a Democratic filibuster.
Trump already used the same pressure tactic in late June, abruptly canceling a bipartisan housing bill signing and insisting the SAVE Act take priority over legislation meant to expand housing supply and lower costs.
Democrats including Chuck Schumer and Hakeem Jeffries say the measure would disenfranchise eligible voters, while the White House and Vice President JD Vance frame it as a basic election-integrity push.
The fight now spans defense, housing, Senate rules and Texas primary politics, with Trump pressing for action before the Senate returns the week of July 13 and before the midterm window narrows.