Congress Passes Sweeping Housing Bill in Rare Bipartisan Accord

The Senate overwhelmingly passed a bipartisan housing bill on Monday evening, which includes restrictions on institutional investors who already own at least 350 homes from buying any new ones—attempting to follow through on a promise President Donald Trump made earlier this year.

The House passed a major housing affordability bill Tuesday aimed at boosting the supply of homes and cracking down on large investors’ buying up houses.

Maxine Waters (D-Los Angeles) helped lead the bipartisan effort to pass the housing measure.

The House on Tuesday passed a sweeping housing package with overwhelming bipartisan support, sending the legislation to the president’s desk and delivering a major victory for congressional leaders in both parties.