Rep. Scott Perry (R-PA), Image via Shutterstock
An "affordability" bill is dead on arrival in the House after disagreements over investor provisions in the legislation.
President Donald Trump wanted the bill that would have dealt with housing affordability ahead of the 2026 midterm elections. As CNBC reports, Trump is "pushing for a ban on investors and major companies from buying single-family homes." That language in the Senate bill is spooking House conservatives, according to Politico.
Speaker Mike Johnson (R-La.) told reporters that many GOP members refuse to support Trump's demand, Politico reported.
“We’ll deal with housing in some way — it’s not going to be the way the Senate is going to send it over to the House,” Rep. Andy Harris (R-Md.) said while at Trump's club for the GOP retreat. “We’ll go from there."
In its current form the bill passed the procedural vote in the Senate on a 89-9 vote.
Rep. Scott Perry (R-Pa.) was miffed by the measure because he feels it's a "liberal" law.
"I’m not thrilled about being asked to vote for a bunch of Elizabeth Warren rent control policies, pricing control and rent policies that are downright socialist, if not outright communist,” he complained Wednesday, speaking about the Massachusetts Democrat known for being a consumer rights advocate. Warren helped negotiate the particulars of the bill.
On the currency matter, Perry said, “We’re interested in making sure that there’s never going to be a central bank digital currency that controls what people spend and where they spend it.”
Meanwhile, Trump announced this week that he will not sign a single piece of legislation until he gets the voter restriction laws he wants passed and sent to his desk.