House approves major housing affordability bill, sending bipartisan measure to Trump
Source: CBS News
Updated on: June 23, 2026 / 7:45 PM EDT
Washington — The House on Tuesday passed a landmark housing affordability bill, marking a rare bipartisan legislative accomplishment as lawmakers seek to address rising costs ahead of the midterm elections. House GOP leaders fast-tracked the legislation after the Senate approved it with overwhelming bipartisan support Monday. It passed the House in a 358 to 32 vote and now heads to President Trump to sign into law.
The legislation, known as the 21st Century ROAD to Housing Act, is the product of months of negotiations and aims to increase housing supply and lower prices. It places limits on corporate investors buying single-family homes, streamlines environmental reviews and removes regulatory barriers to speed up the construction process.
After months of back-and-forth, the four lawmakers spearheading the legislation announced an agreement to move forward. The push was led by the Senate Banking Committee's top Republican and Democrat, Sens. Tim Scott of South Carolina and Elizabeth Warren of Massachusetts, and the chair and ranking member of the House Financial Services Committee, GOP Rep. French Hill of Arkansas and Democratic Rep. Maxine Waters of California.
"This final product advances practical, bipartisan and bicameral solutions to modernize federal housing programs, reduce regulatory burdens, streamline the development process and help build more homes to meet that growing demand and keep the American dream within reach," Hill said Tuesday on the House floor. "This bicameral bipartisan bill before us today reflects the ideas from both chambers and demonstrates what can be accomplished when Congress focuses on solving problems for the American people."
Read more: https://www.cbsnews.com/news/house-approves-major-housing-affordability-bill-sending-bipartisan-measure-to-trump/
Veto-proof in both chambers.
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