Housing bill awaits Trump as House prepares to start the clock
Congress passed a bipartisan housing package, but as of June 29 it still had not been signed, leaving renters, buyers and builders waiting on the next step.
Congress has passed the 21st Century ROAD to Housing Act, but as of June 29 it was still waiting on the final presidential step. The Senate approved the bill on June 22 by 85-5, and the House followed on June 23 by 358-32. On June 29, The Washington Post reported that House Speaker Mike Johnson was set to send the bill to President Donald Trump on Monday, which would start the 10-day decision window.
What the bill would do
Backers say the package is designed to reduce federal red tape, streamline environmental reviews, speed up construction, and curb some corporate investor activity in single-family housing. The White House had already signaled support in its June 12 National Homeownership Month proclamation, calling on Congress to pass the bipartisan bill.
Why the delay matters
Trump canceled a planned signing ceremony on June 24 and said he would not sign the measure until Congress also acted on separate elections legislation, according to AP. That leaves the bill in limbo for now: it still needs presentment before the White House clock starts.
For renters, would-be buyers and builders, the practical effect is uncertainty. Any housing-policy impact would likely arrive gradually rather than overnight, because financing, construction and supply changes take time to move through the market.
Sources
- U.S. Senate Banking Committee — Senate passage statement
- Associated Press — Senate passage report
- The Washington Post — June 29 presentment timing update
- White House — National Homeownership Month proclamation
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