US: Bipartisan Housing Bill To Become Law At Midnight Barring Trump Intervention

The 21st Century ROAD to Housing Act, an overwhelming bipartisan housing deregulation bill, will become law at midnight Friday, unless President Donald Trump vetoes the legislation or signs it first. If Trump vetoes the bill, Republican lawmakers would be forced into a tricky decision to uphold their votes and override the veto.

• House Speaker Mike Johnson (R-LA) transmitted the bill to Trump on June 29, triggering a 10-day countdown to the bill becoming law, after the President torpedoed the bill, citing the Senate's inaction on the SAVE America Act and claiming the legislation is "of minor importance compared to lower interest rates."
• With Democrats framing the midterm elections around ‘cost of living’, the housing bill would be valuable for Republicans to tout on the campaign trail. GOP midterm concerns are compounded by Trump’s net -43.4% approval on inflation - by far his weakest issue - according to Silver Bulletin.
• Politico reports, “The law contains almost 60 provisions, including the first-ever restrictions on the ability of large Wall Street investors to buy up single-family homes. It also includes language that aims to eliminate red tape for community lenders, leverage federal funding to incentivize communities to build additional housing and make it easier to build manufactured homes in an effort to boost supply and cut some costs.”
• Yahoo Finance reports, “The legislation has broad support from mortgage and homebuilding industry groups, civic organizations, and low-income housing advocates. The general public likes it too: A recent poll […] found that 89% of registered voters supported the bill.”