The 21st Century ROAD to Housing Act became law at midnight on Friday without President Donald Trump's signature. Trump allowed the 10-day window to pass without signing or vetoing the bipartisan bill, which is now enacted by default under the Constitution. Trump announced his decision not to sign the bill as a protest against the Senate's failure to pass the SAVE America Act, which he has advocated for.
The White House had previously endorsed the legislation, and Trump was expected to sign it during a ceremony last month but delayed the signing. The bipartisan housing legislation aims to increase housing supply by easing federal regulations and encouraging states and cities to loosen land use restrictions.
The House voted 358-32 and the Senate voted 85-5 in favor of the bill, which includes 47 provisions aimed at boosting housing supply. These provisions streamline environmental reviews and promote zoning reforms to facilitate construction. However, one controversial provision banning large investors from purchasing single-family homes was added at Trump's request but faced pushback from some industry groups.
Experts suggest that while the legislation may not provide immediate affordability benefits, it serves as a legislative win for both parties as they approach the midterm elections, where housing affordability is a key concern for voters.