House sends sweeping bipartisan housing package to Trump's desk
Key takeaways
- The lower chamber passed the bill by a vote of 358-32, with all 32 no votes coming from Republicans.
- Congressional leaders rushed to pass the bill after negotiators released text of an agreement last week.
- It would also restrict large investors from buying new single-family homes, an issue that Republicans in the House and Senate battled over.
Why this matters: political developments that affect policy direction and public trust.
The lower chamber passed the bill by a vote of 358-32, with all 32 no votes coming from Republicans. Speaker Mike Johnson (R-La.) brought the bill to the floor under a fast-track process called suspension of the rules, which requires two-thirds majority support for passage.
Congressional leaders rushed to pass the bill after negotiators released text of an agreement last week. That followed months of negotiations and fights between the House and Senate.
The bill aims to lower housing costs by tying federal grants to housing construction in an effort to create incentives for local governments to build more housing, and streamlining the process for environmental reviews, among other things.