Washington: In his State of the Union address earlier this year, Donald Trump promised a crackdown on Wall Street investors snapping up thousands of single-family homes. “We want homes for people, not for corporations,” the president said to applause. Congress has now done just that. On Tuesday (US time), it passed a bipartisan housing affordability bill widely described as the biggest such bill in decades. It limits the number of homes institutional investors can buy, and encourages state and local governments to relax zoning restrictions,
among other measures. The bill was a rare example of successful co-operation in Congress, and passed both chambers comfortably. Trump’s press secretary Karoline Leavitt called it “one of the most significant pieces of housing affordability legislation in American history”. Another senior aide, James Blair, said it made good on one of the president’s signature commitments. But Trump is now refusing to sign the bill into law. On Wednesday, 90 minutes before he was due to appear on Capitol Hill for a televised signing ceremony, he
cancelled the event. Republican leaders were holding a news conference touting the bill when Trump announced the decision on social media.
Donald Trump, housing affordability bill, Capitol Hill, State of the Union, institutional investors, single-family homes, zoning restrictions, voter ID
So he passes it just to not sign it??
They’re like “voter ID demand” so now housing is stuck? Makes no sense to me. I thought the whole point was stopping Wall Street from buying houses.
Wait, are they saying he only signs it if people show ID to vote? That’s honestly kinda wild, like housing bill is tied to elections now. Also it says it was “bipartisan” but then he bails 90 minutes before the signing… so who was even supposed to benefit?
I saw this headline and immediately thought it was about landlords doing voter fraud or something, like the bill was gonna be used to force ID at open houses lol. But if it limits institutional investors, why does voter ID even come into it? Feels like political games, either way. Congress passes it comfortably and then boom, canceled signing… classic.