Trump refuses to sign US housing bill over voting act standoff

The housing legislation will become US law at midnight with or without President Donald Trump’s signature.United States President Donald Trump says he will not sign a bipartisan housing affordability bill in protest at the Senate not passing the controversial SAVE America Act voting legislation.In a post on Truth Social on Friday, Trump said he would not support signing the unrelated housing bill, which would speed up environmental reviews for construction projects, expedite development, and limit the number of single-family homes institutional investors can buy.Recommended Stories list of 4 itemslist 1 of 4How World Bank and IMF loans are reshaping policymaking in Africalist 2 of 4Strait of Hormuz traffic plunges as US, Iran resume fightinglist 3 of 4South Korea’s SK Hynix raises $26.5bn in record-breaking US IPOlist 4 of 4Degree but no job: The battle against unemployment in Gazaend of listThe bill will become law with or without the president’s signature. Once a bill reaches the president’s desk, the officeholder has 10 days to either sign it into law or veto the legislation. If he does neither, it becomes law at midnight.House Speaker Mike Johnson said the president is unlikely to issue a last-minute veto.The housing legislation, known as the 21st Century ROAD to Housing Act, which Trump called a “yawn” on June 29, was a rare moment of bipartisan agreement in a starkly divided US Congress. It passed the Senate by a vote of 85-5 and the House by a vote of 358-2.The provisions included in the legislation are popular. A Bipartisan Policy Center poll suggested that 70 percent of Americans support banning institutional investors that own more than 350 homes from buying additional single-family homes.The legislation would also establish incentive programmes for communities to build more housing and encourage the development of modular homes. It also includes provisions that would make it easier for communities to convert underutilised land into residential housing.