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Bill limiting investors from buying homes set to speed through Congress
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- Senate Majority Leader John Thune, R-S.D. told reporters on Tuesday that the bill could clear the Senate as soon as this week, with an initial vote to begin to advance the measure on Thursday evening.
- Thune said he hoped the House could take up the bill when it returns next week.
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An affordable housing bill limiting how many single-family homes major investors can buy is poised to be signed into law before the end of the month after key lawmakers in the House and Senate reached an agreement Tuesday.
The bill, which is focused on increasing the supply of homes, would not include a controversial provision requiring major investors to sell any housing units they build within seven years, but would cap the number of single-family homes they could buy at 350.
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