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Trump allows landmark housing bill to become law without his signature
USA Today • • nation
Key Points:
- The 21st Century Road to Housing Act became federal law on July 11 without President Trump's signature after he refused to sign it in protest over Congress not passing the SAVE America Act, a voting overhaul bill he supports.
- Trump criticized the housing bill as a "big yawn" but chose not to veto it, likely to avoid political backlash ahead of the midterm elections amid rising housing costs.
- The bipartisan housing bill, the first major affordable housing legislation in over 30 years, passed Congress with overwhelming support and includes measures to increase housing supply, ease mortgage regulations, and restrict large investors from buying homes.
- Senator Elizabeth Warren, a lead sponsor, hailed the bill as groundbreaking, highlighting its potential to build more housing, reduce costs, and curb private equity firms' home purchases.
- The bill also streamlines environmental reviews and reforms federal housing programs to address the nation's affordable housing crisis.
