Housing Bill Becomes Law Without Trump Signature as He Protests SAVE America Act Delay
Updated
Updated · POLITICO · Jul 10
Housing Bill Becomes Law Without Trump Signature as He Protests SAVE America Act Delay
3 articles · Updated · POLITICO · Jul 10
Summary
Midnight between Friday and Saturday is expected to make the 21st Century ROAD to Housing Act law after Trump said he would withhold his signature in protest over Senate inaction on the SAVE America Act.
A 10-day clock began when the House formally sent the bill to the White House last week, and Trump did not signal a veto even after renewing his criticism of Republicans for stalling his elections measure.
Mike Johnson, House GOP leaders and White House officials spent the past 10 days urging Trump not to block the bill, while House Republicans told the White House they had votes to override any veto.
Nearly 60 provisions in the package include the first federal curb on large institutional investors buying single-family homes, capping ownership at 350 houses, alongside measures to ease lending and spur new housing supply.
The bipartisan bill passed by overwhelming House and Senate margins and stands out as a rare major deal in a Congress otherwise defined by gridlock, with both parties pitching it as an answer to voter affordability concerns.