Trump undercuts GOP midterms message with snub of housing bill
Fortune – Tech
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Summary
A sweeping housing bill became law on Saturday without Donald Trump’s signature, or any White House fanfare, after the president soured on a package of dozens of affordability provisions that he derided as “a yawn.” Trump’s scuttled support and the dead-of-night enactment are setbacks for his allies on Capitol Hill, who’d been looking to cast the law as a major bipartisan win on an issue voters are prioritizing heading into midterm elections. The president’s turnabout also serves as a reminder of how quickly he can swerve on policy matters — even on a law that features provisions he and his own advisers negotiated. Trump on Friday again linked the bills : “I will not sign the Housing Bill, which has been fully approved by Congress and sent to the White House, in PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT,” he wrote on social media hours before the bill was set to become law. Trump’s withdrawal from the planned June signing set the stage for an unusual waiting game in Washington: The president has 10 days, excluding Sundays, to sign or veto legislation once it’s been sent to their desk. That 10-day period expired Saturday, leaving the most consequential housing legislation in decades to become law in an uncommon way. The inclusion of that measure was critical to securing the White House’s support, according to Senate Banking Committee Chair Tim Scott, a South Carolina Republican. By the time the Road to Housing Act passed Congress, Trump was dismissing its supply-oriented provisions as of “minor importance” compared to interest rates. Trump tied his revocation of support for the housing legislation to a demand that Congress back a controversial voter-ID bill, ignoring warnings from Senate Majority Leader John Thune, a South Dakota Republican, that he lacks the votes to pass it. The relationship between Trump and the GOP-led Senate has frayed in recent weeks, as retiring Republicans – including two whose primary challengers Trump backed – have grown bolder about bucking the White House. In the last six weeks, GOP lawmakers axed $1 billion in funding for Trump’s new White House ballroom from an immigration spending bill and successfully pushed the administration to drop plans for a $1.8 billion “anti-weaponization” fund.
From the source
A sweeping housing bill became law on Saturday without Donald Trump’s signature, or any White House fanfare, after the president soured on a package of dozens of affordability provisions that he derided as “a yawn.” Trump’s scuttled support and the dead-of-night enactment are setbacks for his allies on Capitol Hill, who’d been looking to cast the law as a major bipartisan win on an issue voters are prioritizing heading into midterm elections. The president’s turnabout also serves as a reminder of how quickly he can swerve on policy matters — even on a law that features provisions he and his own advisers negotiated. As recently as June, Trump hailed the package as “the most comprehensive and consequential housing legislation in the history of our country.” The 21st Century Road to Housing Act will curb large institutional investors’ ownership of single-family homes, streamline rules around factory-built housing and encourage localities to remove barriers to construction in an attempt to
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