Senators Celebrate Historic Housing Bill Becoming Law Despite Donald Trump's Refusal to Sign Legislation
President Donald Trump refused to sign a landmark bipartisan housing bill, despite its widespread support from lawmakers. The 21st Century Road to Housing Act aims to address the country's housing shortage by increasing the supply of homes and homeownership. It passed with veto-proof majorities in both the Senate and House last month.
The legislation loosens regulations to encourage housing construction and limits Wall Street investors from buying homes that could go to families. Trump cited his dissatisfaction with the Senate's failure to pass the unrelated Save America Act, which would introduce election and voting reforms, as the reason for his refusal to sign the bill.
The housing bill became law overnight Saturday after Trump failed to sign or veto it within the 10-day window. Senate Banking Committee Chairman Tim Scott praised the new law, saying it brings the "American Dream" closer to reality. The bill has received bipartisan support, with Republican Sen. Mike Rounds calling it a "good example of what we can accomplish when we work together."
Democratic lawmakers criticized Trump's decision, with Sen. Elizabeth Warren saying he "isn't interested in lowering costs for American families." Sen. Catherine Cortez Masto described Trump's delays as "childish" and highlighted the law's benefits, including lower housing costs and more affordable homes for working families.
The legislation loosens regulations to encourage housing construction and limits Wall Street investors from buying homes that could go to families. Trump cited his dissatisfaction with the Senate's failure to pass the unrelated Save America Act, which would introduce election and voting reforms, as the reason for his refusal to sign the bill.
The housing bill became law overnight Saturday after Trump failed to sign or veto it within the 10-day window. Senate Banking Committee Chairman Tim Scott praised the new law, saying it brings the "American Dream" closer to reality. The bill has received bipartisan support, with Republican Sen. Mike Rounds calling it a "good example of what we can accomplish when we work together."
Democratic lawmakers criticized Trump's decision, with Sen. Elizabeth Warren saying he "isn't interested in lowering costs for American families." Sen. Catherine Cortez Masto described Trump's delays as "childish" and highlighted the law's benefits, including lower housing costs and more affordable homes for working families.
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