\u201cThe House lost, the Senate won,\u201d is how one congressional aide described the mood of the Senate after President Donald Trump urged Congress again this week to pass the bipartisan housing proposal that cracks down on Wall Street investors.<\/p>\n
The House isn\u2019t conceding the fight.<\/p>\n
Republican leadership in the lower chamber is ignoring Trump\u2019s request that Congress pass the Senate\u2019s bill and is teeing up a vote on a new, yet-to-be-made-public version of the bill for next week, NOTUS has confirmed. Politico<\/a> first reported the timing of the vote.<\/p>\n The House\u2019s problems with the Senate\u2019s proposal? The 21st Century ROAD to Housing Act<\/a>, which was negotiated between<\/a> Sens. Tim Scott, Elizabeth Warren and the White House, requires <\/a>institutional investors to sell build-to-rent single-family homes seven years after construction.<\/p>\n House Republicans and Democrats alike oppose<\/a> this. House Republicans also want the bill<\/a> to deregulate community banks and institute a permanent ban on a central bank digital currency (the Senate proposal\u2019s ban expires in 2030).<\/p>\n Two House Republicans and two House Democrats who have been involved in discussions on the new bill told NOTUS the amended package tweaks the provision on the forced sale of build-to-rent homes.<\/p>\n \u201cI don\u2019t see a world where [the provision] would exist in its current state,\u201d one House Republican said.<\/p>\n Lawmakers have been told that Speaker Mike Johnson \u201cis letting [Rep. French Hill] fix the bill,\u201d one House Democrat said, referring to the chair of the House Financial Services Committee, who is leading the legislation in the chamber.<\/p>\n \u201cWhat I understand is that they\u2019ve \u2018fixed it\u2019 in a way that\u2019s satisfying to housing people,\u201d said a second House Democrat of the Senate\u2019s forced-sale provision. It has been changed \u201cin a way that there\u2019s broad bipartisan support,\u201d though not \u201cfully removed,\u201d they said.The White House is currently evaluating the House\u2019s changes, two House Republicans told NOTUS.<\/p>\n A senior administration official told NOTUS the White House had \u201cobjections\u201d to some of the newly proposed changes to the Senate package.<\/p>\n