Housing Bill Sidelined by Trump Is Set to Become Law, Barring Last-Minute Veto

In Washington, D.C., a bipartisan bill aimed at lowering the cost of housing is set to become law today, barring a last-minute veto by President Trump. Last month, Congress voted overwhelmingly to approve the 21st Century ROAD to Housing Act, which would cap the number of single-family homes major investors can purchase, while loosening federal regulations to allow for new home construction. Trump has refused to sign the legislation unless lawmakers first approve the SAVE America Act to rewrite U.S. election laws while imposing new voter ID requirements. If Trump takes no action, the housing bill will become law even without his signature. On Thursday, the National Association of Realtors reported the median home sales price of existing U.S. homes soared to over $440,000 — a record high. www.democracynow.org