Congress has passed the 21st Century Road to Housing Act, the most expansive affordable housing legislation in decades. The bipartisan bill aims to lower the cost of housing, boost the supply of homes, expand homeownership, and rein in private equity.
The legislation passed the Senate on Monday and received final approval from the House of Representatives on Tuesday. Lawmakers from both parties worked through weeks of intense negotiations to address affordability issues ahead of this year's midterm elections.
Despite the overwhelming bipartisan support, President Donald Trump abruptly canceled the signing ceremony on Wednesday, just one hour before he was scheduled to arrive at the Capitol. The announcement came as House Republican leadership were speaking at a press conference regarding the bill's importance in addressing affordability.
President Trump posted on social media that the signing is postponed until the Senate passes his election integrity and SAVE America voting legislation. He later met with Republican senators after the cancellation. This move marks the latest misalignment between the president and GOP lawmakers as he seeks a voting overhaul.