Trump cancels bipartisan housing bill signing, reiterates demand for SAVE America Act
Updated on: June 24, 2026 / 5:04 PM EDT / CBS News
TL;DR
- President Trump canceled the signing ceremony for the bipartisan 21st Century ROAD to Housing Act.
- He stated the housing bill will not be signed until the SAVE America Act election bill is passed.
- The housing bill aims to increase housing supply and lower costs, including by limiting institutional investor purchases.
- Under constitutional rules, a bill automatically becomes law if the president does not act within 10 days while Congress is in session.
- Republican lawmakers expressed surprise and disappointment, with some calling the move strange given Trump's prior endorsement of the housing bill.
- Trump also expressed concerns about lowering interest rates to help housing affordability without negatively impacting current homeowners.
- The SAVE America Act, supported by Trump, aims to impose strict limits on voter registration and ballot casting, but faces opposition in the Senate.
- The housing bill includes provisions for converting commercial buildings to housing, supporting factory-built homes, and eliminating certain construction rules.