Senate passes bipartisan housing bill to boost homebuilding and curb Wall Street home purchases
By
Sahil Kapur
Summary
The Senate passed a sweeping bipartisan housing affordability bill (85-5) aimed at lowering housing costs by making it easier to build homes and restricting Wall Street investors from buying up residential properties. The legislation now moves to the House for a vote before potentially reaching President Trump's desk.
Source
bskySenate passes bipartisan housing bill to boost homebuilding and curb Wall Street home purchasesnbcnews.comKey quotes
· 3 pulledThe Senate voted overwhelmingly Monday to pass a sweeping housing affordability bill aimed at lowering costs, putting Congress on the brink of a rare bipartisan victory in President Donald Trump's second term.
The legislation, which would make it easier to build homes and slap limits on Wall Street investors' buying up houses, now goes to the House, which hopes to vote on it in the next few days.
The vote was 85-5.
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