Senate passes bill to lower housing costs and restrict Wall Street from buying homes [View all]
Source: NBC News
June 22, 2026, 6:43 PM EDT
WASHINGTON — The Senate voted overwhelmingly Monday to pass a sweeping housing affordability bill aimed at lowering costs, putting Congress on the brink of a rare bipartisan victory in President Donald Trump’s second term.
The vote was 85-5. Several senators missed the vote due to severe thunderstorms in the Washington area that led to a ground stop at Ronald Reagan National Airport.
The legislation, which would make it easier to build homes and slap limits on Wall Street investors’ buying up houses, now goes to the House, which hopes to vote on it in the next few days. Then, it would go to Trump’s desk to be signed into law.
The 21st Century ROAD to Housing Act would be a desperately needed win for Republicans, who have seen their 2026 midterm election prospects deteriorate throughout the year as voters believe Trump and the GOP-controlled Congress haven’t done enough to tackle the cost of living.
Read more: https://www.nbcnews.com/politics/congress/senate-passes-bill-lower-housing-costs-restrict-wall-street-buying-hom-rcna350753
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