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Landmark US housing legislation becomes law despite Trump protest
President Donald Trump allowed landmark housing legislation to become law overnight on Friday without his signature.
He had earlier refused to sign it in protest over Congress's failure to pass voter ID legislation but did not veto the housing bill.
Experts have said the legislation marks the most comprehensive action from Congress on lowering house costs for renters and homebuyers in the 21st Century. Americans have been frustrated with housing costs.
Trump, who has repeatedly made false claims of widespread fraud altering the results of US elections, wanted Republicans to prioritise the voter ID bill ahead of the November midterm elections. Without his veto, it became law automatically.
Sweeping housing affordability bill becomes law, despite Trump’s delay. Here’s what it actually means for the housing market
The 21st Century Road to Housing Act, a bipartisan bill that aims to tackle housing affordability, officially became law early Saturday, despite a series of attempts by President Donald Trump to stall the legislation.
Its passage signals that lawmakers recognize the frustration many Americans feel about the high cost of housing. At a time of elevated mortgage rates and near-record high home prices, many feel locked out of homeownership or struggle with monthly rent payments.
Supporters of the law have touted it as the most comprehensive housing reform in at least three decades. White House press secretary Karoline Leavitt called the new law âone of the most significant pieces of housing affordability legislation in American History,â in a social media post last month.
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