
The Senate voted 87-8 on Tuesday to consider a bipartisan housing bill after months of haggling between the House and Senate GOP.
The version ultimately agreed to by the House and Senate includes language to limit institutional investors’ ability to buy up single-family homes, which House Republicans had fought to include.
Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee, has been a lead driver of the bill. In a statement with his Democratic counterpart, Sen. Elizabeth Warren (R-Mass.), and their House counterparts, he lauded the final negotiated product.
“This bill is the result of years of work to lower costs, expand housing supply, cut red tape, protect taxpayers, and help more Americans achieve the dream of homeownership,” Scott said.
A bipartisan, affordability-focused policy bill is a significant achievement for Congress to pull off in an election year and as partisan fights have prevented much legislation from succeeding, especially with bipartisan support.
Republicans and Democrats alike are hoping to make affordability for issues like housing a central facet of their 2026 midterms platform.
The Senate is likely to hold a final vote on the measure later this week. It will then have to be approved by the House before it can make it to President Trump’s desk.
All eight votes against the measure came from GOP senators: Sens. Alan Armstrong (Okla.), Ted Cruz (Texas), Ron Johnson (Wis.), Mike Lee (Utah), Rand Paul (Ky.), Rick Scott (Fla.), Tommy Tuberville (Ala.) and Todd Young (Ind.).
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