House Passes Bipartisan Housing Bill Targeting Corporate Homebuyers

“Increased housing costs and lack of quality supply are two issues that impact nearly every American family,” Johnson said.

He called the legislation a “strong bipartisan package that will put more American families into homes.”

House Majority Leader Steve Scalise made a similar argument.

“This is something that every American in this country is going to be happy to see, to have lower housing costs,” Scalise said.

At the center of the legislation is a provision aimed at institutional investors.

The House version preserves a ban on large corporate investors buying newly built single-family homes, a priority backed by the Trump administration.