House aims for housing bill vote next week, setting up clash with Senate

Frustrations erupt as Senate, House Republicans clash over housing

Senate Republicans are furious that a bipartisan bill they passed to address housing affordability has languished in the House for weeks and undergone revisions that may doom its chances of becoming law before the November election. On Wednesday evening, the House unveiled new legislative text that would scale back the Senate bill’s restriction on institutional [...]

House aims for housing bill vote next week, setting up clash with Senate

The House is moving ahead with a vote next week on an amended bipartisan housing bill, even after President Trump pressured the lower chamber to pass the Senate version. House Financial Services Committee Chair French Hill (R-Ark.) and Rep. Maxine Waters (D-Calif.), the committee’s ranking member, on Thursday released the House’s version of the “21st…

GOP faces mounting political pressure to pass bipartisan housing bill

Republicans are under increasing political pressure to get bipartisan housing legislation to President Donald Trump’s desk in time to address voters’ dismay about affordability before the midterm elections. The bipartisan legislation in question is the 21st Century ROAD to Housing Act, which cleared the Senate in March but has been held up in the House of Representatives as some Republicans are upset about provisions added to the bill in the upp…

House Republicans Are on a Collision Course With Trump on Housing

Lawmakers said House Speaker Mike Johnson is allowing for changes to the Senate housing bill. Francis Chung/POLITICO/AP“The House lost, the Senate won,” is how one congressional aide described the mood of the Senate after President Donald Trump urged Congress again this week to pass the bipartisan housing proposal that cracks down on Wall Street investors.The House isn’t conceding the fight.Republican leadership in the lower chamber is ignoring …

House reworks institutional investor ban in housing bill

House lawmakers modified a ban on big-money investors from purchasing single-family homes, broadening the exemptions for build-to-rent properties and eliminating requirements in a Senate version of the bill that affected investors divest their holdings.

House Housing Bill Preserves Limits on Wall Street Homebuying, Softens Investor Restrictions - The MortgagePoint

The final House text would maintain restrictions on Wall Street’s purchase of single-family homes — a priority for President Donald Trump — but would significantly scale back the Senate bill’s limitations on so-called institutional investors in the housing market.