On June 29, 2026, House Speaker Mike Johnson transmitted a bipartisan housing bill to the White House, initiating a 10-day period for the bill to become law, even if President Donald Trump does not sign it. Trump referred to the bill as 'so unimportant' and a 'yawn,' expressing skepticism about its significance compared to his push for a federal elections overhaul. A source indicated that Trump is unlikely to sign the bill but will not veto it, allowing it to become law if he does not act within the 10 days.
The housing bill, titled the '21st Century Road to Housing Act,' aims to address the affordability crisis by promoting increased housing supply and includes restrictions on private equity investments in single-family homes. Congressional Republicans have emphasized the bill as a crucial part of their agenda ahead of the upcoming midterm elections. However, Trump's insistence on linking the bill to his election reform efforts has caused frustration among GOP lawmakers. Despite this, some Republicans remain hopeful that Trump will ultimately sign the legislation.