Bipartisan housing bill becomes law after President Trump declines to sign

A bipartisan housing bill automatically became law at 12 a.m. on Saturday after President Trump declined to sign it. The legislation, known as the 21st Century ROAD to Housing Act, aims to increase housing supply and reduce costs, including restrictions on institutional investors purchasing certain single-family homes. Trump had previously planned to sign the bill but canceled the ceremony, stating he would not sign it until Congress approved the SAVE America Act, which seeks to impose new voting restrictions. Under the Constitution, a bill becomes law if the president does not sign or veto it within 10 days. Senator Elizabeth Warren criticized Trump's refusal to sign the bill, suggesting it was due to a lack of personal benefit for him. The passage of the housing bill represents a rare moment of bipartisan agreement ahead of the midterm elections, although Trump referred to it as 'a yawn.' The new law includes over 45 provisions aimed at increasing affordable housing development and limiting competition from institutional investors.