Build Now Act

Congress passed the Road to Housing Act with bipartisan support to address affordable housing shortages, including measures to relax local regulations and restrict private equity firms from buying more than 350 homes. The bill, hailed as a historic breakthrough, now awaits President Trump's expected signature but does not address high mortgage rates or rising home prices.

Senate Majority Leader John Thune plans to vote on an updated bipartisan housing affordability bill, incorporating House-passed provisions like restrictions on institutional investors and Senate additions such as the BUILD NOW Act. The legislation, negotiated with Senate Banking Chair Tim Scott and Elizabeth Warren, combines elements from both chambers' previous bills but excludes some House deregulation measures due to budget concerns.

Republican Senator John Kennedy has agreed to support a major cryptocurrency bill in the Senate Banking Committee after striking a deal with Chair Tim Scott that includes two of his amendments on fiduciary duty and housing legislation. Kennedy's support removes a potential roadblock to the bipartisan crypto bill, which could advance to the Senate floor and potentially reach President Trump's desk. The bill still requires House approval and faces ongoing negotiations over ethics provisions.