Trump cancels bipartisan housing bill, reiterates demand for SAVE America Act

4 hours ago

President Trump canceled a planned signing ceremony for the bipartisan housing affordability bill, demanding that the SAVE America Act be passed first before he signs it.
The housing bill (21st Century ROAD to Housing Act) aims to increase housing supply, lower costs, and limits institutional investors from buying certain single-family homes.
Under constitutional rules, the bill will become law automatically if not signed or vetoed within 10 days while Congress is in session, with House Speaker Johnson stating Trump will sign within that window.
Republican lawmakers had touted the housing bill as a key accomplishment for the midterm elections, addressing voter concerns over affordability.
Trump and allies are pushing for the SAVE America Act, an elections measure with strict voting limits, but Senate GOP leaders lack the votes to pass it.
The housing bill passed both chambers with wide bipartisan margins and includes provisions like converting commercial buildings to housing, unlocking federal funding for factory-built homes, and supporting veterans' housing.
Institutional investors own a small percentage of U.S. housing overall but are concentrated in certain cities, influencing local markets significantly.
Senate Minority Leader Schumer criticized Trump for canceling the signing, calling it a move away from a bipartisan accomplishment that helps Americans.

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