Source: Fox News
Summary
President Donald Trump is urging Congress to pass a housing affordability bill ahead of the midterm elections. The Senate has already passed the 21st Century ROAD to Housing Act, but House Republicans are proposing a rival plan. House Speaker Mike Johnson said lawmakers are working out nuances, while Sen. Elizabeth Warren argued that the House should pass the Senate’s bill to address the housing crisis. The House’s modified version of the bill is expected to receive a vote next week.
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As expected, the matter has reached another stage.
Lawmakers are pitching rival plans, with the House modifying the Senate’s bill. The Senate’s version passed with fewer than a dozen defectors, but House Republicans are raising red flags. The House’s bill preserves a ban on central bank digital currencies, while the Senate’s bill weakens a ban on large institutional investors purchasing single-family homes. The legislative standoff comes as a recent Fox News poll found that nearly 80% of voters said housing costs were a problem for them or their family.
The familiar dance of bipartisan negotiations has begun, with each side trying to outmaneuver the other. The clock is ticking, and the outcome is far from certain.
Author: Evan Null
