Key facts
- President Donald Trump has not committed to signing a bipartisan housing bill.
- Trump described the housing bill as a "big yawn" in comparison to the SAVE America Act.
- The housing bill, which would ban institutional investors from purchasing single-family homes, was sent to the White House.
- Trump previously canceled a signing ceremony for the bill, demanding Congress prioritize the SAVE America Act.
- The bill will become law without Trump's signature if he takes no action within 10 days, or he can veto it.
President Donald Trump stated on Monday that he has not yet decided whether to sign a bipartisan housing bill, referring to it as a "big yawn" in comparison to the SAVE America Act, which he supports. The legislation, which includes provisions to prevent institutional investors from purchasing single-family homes, was sent to the White House by Speaker Mike Johnson.
Trump's comments came after he abruptly canceled a signing ceremony for the housing bill the previous week, instead urging Congress to advance the SAVE America Act, an election security bill. The fate of the housing bill now rests with the president. If Trump does not sign the bill, it will automatically become law after 10 days, excluding Sundays and holidays, unless he chooses to veto it.
Republicans, including Trump's own officials, were reportedly surprised by his decision to cancel the signing ceremony. This move also frustrated GOP officials who were aiming to focus on affordability issues ahead of the midterm elections, where cost of living remains a significant concern for voters. Aaron Pellish contributed to this report.