House Passes Bipartisan Housing Bill Targeting Corporate Homebuyers TT
The House delivered a massive bipartisan victory Wednesday, passing a housing bill designed to expand homeownership, lower costs, and limit institutional investors from snapping up single-family homes.
The amended 21st Century ROAD to Housing Act passed by a commanding 396-13 vote, sending the legislation to the Senate and giving Republicans a potential cost-of-living win heading into the midterm elections.
House leaders framed the bill as a direct response to the housing affordability crisis squeezing millions of Americans.
Speaker Mike Johnson argued the stakes could not be clearer.
“Increased housing costs and lack of quality supply are two issues that impact nearly every American family,” Johnson said.
He called the legislation a “strong bipartisan package that will put more American families into homes.”
House Majority Leader Steve Scalise made a similar argument.
“This is something that every American in this country is going to be happy to see, to have lower housing costs,” Scalise said.
At the center of the legislation is a provision aimed at institutional investors.
The House version preserves a ban on large corporate investors buying newly built single-family homes, a priority backed by the Trump administration.
House Financial Services Committee Chairman French Hill said the bill directly aligns with President Donald Trump’s housing agenda.
“This bill prioritizes American families by expanding homeownership, enhancing affordability, reducing burdensome regulations that drive up costs, and increasing housing supply nationwide,” Hill said.
“Importantly, it delivers on President Trump’s call to limit institutional investors from competing with the American people as they seek to purchase a home.”
A White House official confirmed support.
“The White House supports the House’s housing bill thanks to the changes that were made,” the official said.
The House, however, rejected a tougher Senate-backed provision that would have forced large institutional landlords already holding single-family rental homes to sell them off within seven years.
That proposal had support from progressives, including Sen. Elizabeth Warren, but House lawmakers opted for a narrower approach that targets future purchases without forcing divestitures that could disrupt renters.
Polling suggests the political move may be popular.
A recent survey found seven in ten voters support banning major investors owning more than 350 homes from buying additional residential properties.
Despite the overwhelming margin, conservative opposition did emerge.
The 13 Republican “no” votes came largely from Freedom Caucus-aligned members objecting not to the housing provisions, but to language dealing with central bank digital currencies.
Rep. Warren Davidson explained his opposition in stark terms.
“A temporary ban is the worst of both worlds: political cover today, a clear runway tomorrow,” Davidson wrote.
“Make it permanent, or take it out.”
The provision temporarily blocks a government-backed digital currency through 2030, but some conservatives fear that simply delays rather than prevents future implementation.
Now the bill moves to the Senate, where its path becomes more uncertain.
Because the House amended the Senate’s earlier version instead of passing it unchanged, lawmakers in the upper chamber must now decide whether to accept the changes, negotiate further or stall the package entirely.
The biggest flashpoint could be the removal of the forced-sale requirement for institutional landlords.
The bill also faces the Senate’s 60-vote threshold, always a major obstacle.
Still, the lopsided House vote gives the legislation strong momentum.
For Republicans, the politics are straightforward.
Housing affordability remains a top concern for voters dealing with high mortgage rates, tight inventory and growing competition from deep-pocketed corporate buyers, Fox News reported.
For Democrats, opposing a bill aimed at limiting investor competition in the housing market could also carry political risk.
Whether the Senate quickly advances the legislation or lets it bog down in procedural fights could determine whether Congress delivers a tangible housing win before voters head to the polls.
This article may contain commentary which reflects the author's opinion.
Shock Video of Rep. Nancy Pelosi Surfaces - Speaker Mike Johnson Must DEMAND She Explain This
LAKE COMO, — June 18, 2026
Former House Speaker Nancy Pelosi was seen vacationing at the luxury Villa d’Este resort on Italy’s Lake Como from August 25 to August 28, according to reports citing sources familiar with her travel.
Video footage showed Pelosi walking through the grounds of the property, where nightly rates frequently exceed $3,000. The resort has been described as highly opulent by travel publications.
Pelosi, who turned 85 this year, served as Speaker of the House from 2007 to 2011 and again from 2019 to 2023. She currently holds the title of Speaker Emerita and has announced plans to seek reelection in 2026, though she faces a primary challenge from Saikat Chakrabarti, a former aide to Rep. Alexandria Ocasio-Cortez.
Pelosi’s personal wealth has been estimated at approximately $260 million, a figure that has drawn scrutiny from political opponents over the years. Much of the attention has focused on investment decisions made by her husband, venture capitalist Paul Pelosi.
Among the transactions cited by critics are the sale of approximately $500,000 in Visa stock prior to government antitrust proceedings against the company and the divestiture of 5,000 shares of Microsoft stock shortly before a Federal Trade Commission investigation. Pelosi has consistently denied that her husband’s investments were based on non-public information obtained through her position in Congress.
In a July interview with CNN anchor Jake Tapper, Pelosi grew visibly frustrated when questioned about former President Donald Trump’s claims regarding her wealth. She declined to discuss the topic in detail, stating that she had agreed to appear to discuss the 60th anniversary of Medicaid. When pressed, she described the allegations as “ridiculous” and said her husband’s investments had no connection to her congressional role.
Pelosi expressed support for efforts to restrict stock trading by members of Congress, their spouses, and dependent children, saying such measures would help instill public confidence even if no wrongdoing was occurring. She noted that members who violate existing rules face prosecution.
The issue has received renewed attention following the advancement of the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act through committee. The legislation, introduced by Sen. Josh Hawley (R-MO) and supported by Rep. Alexandria Ocasio-Cortez, would prohibit members of Congress and their immediate families from trading individual stocks.
Pelosi’s visit to Lake Como occurred at the same resort where other prominent Democrats have been photographed, including Maryland Gov. Wes Moore, who was seen aboard actor George Clooney’s yacht. Clooney, who owns property on the lake, has hosted former President Barack Obama and First Lady Michelle Obama and has publicly endorsed Moore as a potential 2028 presidential candidate.
The reports of Pelosi’s travel have added to ongoing public discussion about the financial activities of members of Congress and the standards expected of elected officials.
