House Passes Bipartisan Housing Bill Targeting Corporate Homebuyers

House Financial Services Committee Chairman French Hill said the bill directly aligns with President Donald Trump’s housing agenda.

“This bill prioritizes American families by expanding homeownership, enhancing affordability, reducing burdensome regulations that drive up costs, and increasing housing supply nationwide,” Hill said.

“Importantly, it delivers on President Trump’s call to limit institutional investors from competing with the American people as they seek to purchase a home.”

A White House official confirmed support.

“The White House supports the House’s housing bill thanks to the changes that were made,” the official said.

The House, however, rejected a tougher Senate-backed provision that would have forced large institutional landlords already holding single-family rental homes to sell them off within seven years.