Bipartisan housing bill automatically becomes law after Trump refuses to sign it

Key Points:

• The 21st Century ROAD to Housing Act, a bipartisan and comprehensive housing bill aimed at increasing housing supply and reducing costs, automatically became law after President Trump declined to sign it in protest of the Senate's inaction on the SAVE America Act, an elections bill.
• President Trump canceled a planned bill signing and stated he would not sign the housing bill until Congress passed the SAVE America Act, which imposes new voting restrictions, despite the housing bill's wide bipartisan support.
• Massachusetts Senator Elizabeth Warren criticized the president for not signing the bill, highlighting its focus on making housing more affordable and suggesting Trump's refusal was due to a lack of personal benefit.
• The new law includes over 45 provisions to boost affordable housing development, such as removing regulatory barriers, supporting factory-built homes, aiding veterans, and limiting institutional investors' purchases of single-family homes.
• Despite Trump's refusal to sign, the bill's passage marked a rare bipartisan achievement ahead of the midterm elections, though it denied Republicans a chance to promote their efforts on housing affordability.