Trump Issues Ultimatum to Lawmakers After Abruptly Canceling Housing Bill Signing Ceremony in Shock Move
President Donald Trump has cancelled the signing of the 21st Century ROAD to Housing Act, citing the need for the passage of the SAVE America Act. In a statement on Truth Social, Trump said the signing is postponed until the SAVE America Act is passed, which he considers a national emergency.
The Housing Act, passed by House lawmakers with a 358-32 vote, aims to expand the supply of homes and lower costs by banning large institutional investors from purchasing single-family homes. The bill also seeks to give individual buyers an advantage in the market.
Trump has expressed his preference for the SAVE America Act, which includes voter ID and citizenship verification provisions. The president and his administration have emphasized the importance of passing this act, which has faced obstacles and pushback.
The housing package is the result of months of negotiations between the House and Senate over restrictions on private equity investors and a temporary ban on central bank digital currencies. The bill will loosen regulations on factory-built homes and ease federal environmental reviews for housing, while encouraging local governments to update zoning policies to support more home construction.
The median nationwide price of a home has topped $400,000, according to Realtor.com, making it difficult for many Americans to buy a home. House Speaker Mike Johnson has said the new law will help bring back the "American Dream" of homeownership. The bill will now head to President Trump's desk for signature, pending the passage of the SAVE America Act.
The Housing Act, passed by House lawmakers with a 358-32 vote, aims to expand the supply of homes and lower costs by banning large institutional investors from purchasing single-family homes. The bill also seeks to give individual buyers an advantage in the market.
Trump has expressed his preference for the SAVE America Act, which includes voter ID and citizenship verification provisions. The president and his administration have emphasized the importance of passing this act, which has faced obstacles and pushback.
The housing package is the result of months of negotiations between the House and Senate over restrictions on private equity investors and a temporary ban on central bank digital currencies. The bill will loosen regulations on factory-built homes and ease federal environmental reviews for housing, while encouraging local governments to update zoning policies to support more home construction.
The median nationwide price of a home has topped $400,000, according to Realtor.com, making it difficult for many Americans to buy a home. House Speaker Mike Johnson has said the new law will help bring back the "American Dream" of homeownership. The bill will now head to President Trump's desk for signature, pending the passage of the SAVE America Act.
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