Congress
House releases amended housing bill text, schedules vote for next week
Senior House lawmakers late Wednesday reached a bipartisan deal on housing affordability legislation and scheduled a floor vote for next week.
The final House text would maintain restrictions on Wall Street’s purchase of single-family homes — a priority for President Donald Trump — but would significantly scale back the Senate bill’s limitations on so-called institutional investors in the housing market.
If the House passes its legislation, the bill would have to go back to the Senate for final approval before it reaches Trump’s desk — even as the White House has pushed the lower chamber to pass the Senate’s 21st Century ROAD to Housing Act as-is.
House leadership is aiming to pass the bill under suspension of rules, a fast-track procedure that limits debate, prohibits further amendments on the floor and requires a two-thirds majority. House Financial Services Chair French Hill said earlier on Wednesday that bill text would be posted once an agreement was reached and fully expected the support of ranking member Maxine Waters.
The bill text contains changes to language aimed at limiting the ability of large institutional investors to purchase housing by narrowing the definition of “single-family home,” which could make it possible for private equity firms and other large companies to purchase more homes than the previous version allowed, which is in line with draft text previously reported by POLITICO on Saturday.
The definition of a single-family home would now exclude manufactured housing and homes that have been renovated for sale, among others, according to the text.
The House bill would also strip a controversial Senate provision that would require single-family homes built by large institutional investors as long-term rentals to be sold after seven years to individual homebuyers. The housing industry and affordable housing advocates have opposed the language, arguing that it could disincentivize investment in a large segment of housing stock. There is no requirement for private equity firms to sell single-family homes they currently own or obtain in the future, whether newly built long-term single-family rental homes or otherwise, according to the bill text.
Notably, the House’s amended version of the bill will preserve a five-year ban on the Federal Reserve issuing a digital dollar, which GOP hardliners strongly opposed, arguing that a temporary ban is worse than no ban at all. Members of the House Freedom Caucus previously said they would not vote for the Senate’s housing bill due to the sunsetting ban on a central bank digital currency.
The legislation also contains 12 community banking provisions, which has been a priority of Hill this Congress. The deregulation provisions were excluded from the Senate’s bill and aim to be less burdensome for community banks.
Portions of the Senate’s 21st ROAD to Housing Act that were fully removed include language that would eliminate the cap on the number of properties eligible for HUD’s Rental Assistance Demonstration program; a permanent authorization of the Community Development Block Grant-Disaster Recovery program; and the requirement that Federal Housing Administration mortgage disclosures include cost comparison information for veteran homebuyers so they are aware of their Veteran Affairs benefits.
Additionally the House preserved the Build Now Act, which would increase funding through HUD’s CDBG program for communities that build more housing than previously and decrease funding if the housing growth rate is below its previous median rate for that locality. This has been a legislative priority for Sen. John Kennedy (R-La.) and was included in Senate crypto bill text released Monday.
A top pollster for President Donald Trump is pushing back on recent public polling showing Republican Mike Rogers trailing progressive Abdul El-Sayed in the marquee Michigan Senate race.
Tony Fabrizio, who is conducting polling for Rogers, says the polls released this month are over-sampling Democratic-leaning voters, specifically college-educated and Black voters, according to an internal memo obtained by Blue Light News. A Susquehanna poll released this month showed El-Sayed leading by seven points and a TIPP poll showed him leading by four points.
El-Sayed’s lead in those polls is a “fake narrative,” Fabrizio wrote. His polling for AARP — conducted alongside Democratic firm Impact Research — showed the race essentially tied.
The warning follows huge polling misses in the Democratic primaries in the Michigan, Wisconsin and Florida, which he wrote were “some of the most egregious examples of public polling failures in recent memory.” It’s also a sign that Republicans are wary of the string of bad polling numbers for Rogers in the race, which is crucial for determining control of the chamber.
Jim Lee, CEO of Susquehanna Polling and Research, told Blue Light News that the firm did not oversample any demographics. “I think their head is in the sand,” Lee said, noting in part what he said was a gap in enthusiasm between Democratic and Republican voters this cycle.
TIPP didn’t respond to a request for comment.
Fabrizio, in the memo, argued on the Susquehanna poll: “50% of the sample in this survey is college-educated – making them massively overrepresented to what they should be. We took a look at 2022 and 2024 Exit Polls and VoteCast data and, as shown below, there is no indication that the Michigan electorate will be anywhere near 50% college-educated. In fact, it is unlikely they will be even 40% college-educated.”
He also noted “a huge gap” between college-educated and non-college educated voters.
“This was the driving issue of the public polling misses for President Trump in 2016 and 2024, especially in the Upper Midwest states of Michigan and Wisconsin,” Fabrizio added. “By increasing college-educated voters by 10+ points, and thus decreasing non-college educated voters by the same, we can pretty much guarantee this poll is significantly overestimating El-Sayed’s vote share.”
President Donald Trump and hemp industry lobbyists are hoping to win a final vote on Capitol Hill next week to skirt a ban on intoxicating products — with shutdown politics as leverage.
Nine months ago, Congress cleared a bill to close a loophole created in 2018 that allowed the sale of some hemp-derived products containing types of THC colloquially known as “diet weed.” That ban is supposed to take effect in mid-November, or roughly 11 weeks, to limit overall THC levels in hemp products that can get people high — including gummies, canned drinks, pills and vapes.
But Trump and industry leaders successfully lobbied Senate leaders to add language to a government funding patch earlier this month to delay the ban until mid-December, with the administration promising instead to finalize regulations cracking down on how the products are made and sold.
Now House Republican leaders are aiming to clear that bill for Trump’s signature early next week, according to three people granted anonymity to disclose private discussions. And many GOP lawmakers are not pleased at the prospect of being rolled.
Rep. Riley Moore (R-W.Va.) told reporters last week that he expected House lawmakers would “iron out” some “sticking points” with the Senate-passed funding bill, “particularly the hemp issue,” rather than pass the legislation without changes — which appears to be GOP leadership’s current plan.
Sen. Ted Budd (R-N.C.) was more blunt: “it is morally reprehensible to threaten a shutdown over a loophole Congress agreed to close to less than a year ago,” he said in a statement Thursday.
Yet despite fierce pushback from lawmakers warning that the intoxicating products are harming Americans, hemp industry leaders are preparing for a victory, betting members of Congress ultimately care more about swiftly passing legislation to avert a Sept. 30 government shutdown before the midterms.
“Any effort to try to shut down the government — over a one-month delay on a hemp issue — I don’t think is going to fly well with most members of Congress,” Jonathan Miller, a top lawyer for the U.S. Hemp Roundtable advocacy group, said in an interview this week.
The White House did not respond to a request for comment about its plans for imposing new rules on hemp products in the coming months. But the Trump administration is expected to need more time than mid-December to finalize regulations, so hemp industry representatives are discussing a “regulatory bridge” that would impose temporary rules while continuing to avoid a full ban, according to Miller.
That could include restricting purchase to adults age 21 and older, blocking imports from China, mandating certain manufacturing practices, cracking down on copycat products that look like popular candy or potato chips and requiring transparency in product labeling.
While lawmakers have been back home over their summer break, hemp industry leaders have fanned out across the country to make their case for this plan. “The hemp industry does not have an August recess,” Christopher Lackner, head of the Hemp Beverage Alliance, said in an interview this month of the group’s work to facilitate passage of the Senate-passed funding bill.
Trump administration officials have also been telling reluctant lawmakers they will use the one-month delay to work on regulations. “The White House has committed to me that they’re committed to regulate the industry,” Sen. Rick Scott (R-Fla.) said in an interview this month.
Sen. Pete Ricketts (R-Neb.), who fought in the Senate to retain the ban as originally intended, said White House officials have said “they don’t want another extension, and I agree with that.”
In a statement, Ricketts said that “manufactured high-THC products like gummies and drinks are putting our kids in the hospital” and need to be taken “off our shelves.”
Some supporters of the ban say the White House and industry are just employing delay tactics to get to December, when lawmakers will face another pressure campaign to delay the ban while they are motivated to avert a shutdown before leaving town for the holidays.
“What they’re really after is to try to jam this on some must-pass, end-of-the-year funding,” Budd told reporters earlier this month. “That’s really what this is about.”
Budd fought to block the delay in the Senate as part of the government funding measure, but his amendment to that end was shot down 61-32 before the chamberpassed the legislation, sending it on for House action.
Trump personally called Budd after the senator filed the amendment and talked about creating federal regulations for hemp products, according to a Senate aide granted anonymity to describe the private discussion.
Days later, Budd demanded a vote on the amendment anyway and continues to slam the hemp industry.
“It is clear that businesses that sell unregulated, intoxicating products will stop at nothing to protect their bottom line, even at the expense of children’s health and safety,” he said in a statement this week.
Besides lawmakers fighting to ban intoxicating hemp products, others are pushing alongside the White House and industry for federal regulations.
Rep. Morgan Griffith (R-W.Va.) has crafted legislation that would direct the Food and Drug Administration to create federal rules for intoxicating hemp products and wants to see mandates for third-party testing, as well as new THC limits per serving.
Griffith told reporters Thursday the “deadline push” in the Senate-passed government funding measure “is not long enough” to finalize necessary regulations.
Since state limits for THC vary widely throughout the country and the federal government has taken years to step in since the hemp loophole was created in 2018, Griffith argued it makes more sense to regulate the intoxicating products than to enact a federal ban.
“That horse is out of the barn,” he said. “What we need to do is corral it.”
Kelsey Brugger, Amanda Friedman and Rachel Shin contributed to this report.
President Donald Trump’s $400-million super PAC is taking its first steps into the general election: hosting a public event in battleground Michigan, headlined by Vice President JD Vance.
Battleground Republicans have been clamoring for Trump’s MAGA Inc. to spend in competitive races. The Michigan event is an early indicator of how the massive group might seek to use its funds to help the party keep control of Washington.
Vance will be joined in Sterling, Michigan, on Monday by GOP Senate nominee Mike Rogers, 10th District nominee Mike Bouchard Jr. and gubernatorial nominee John James, along with several other Michigan Republicans, according to an event advisory from MAGA Inc.
The GOP sees Michigan’s open seat as its best Senate pickup target this fall as Rogers faces former public health leader and progressive Abdul El-Sayed, who emerged from a grueling primary earlier this month.
“MAGA Inc. will be hosting events throughout the nation to ensure that Republicans retain control of Congress in order to finish cleaning up the mess the Biden-Harris-Pelosi-Schumer Democrats left,” said Alex Pfeiffer, spokesperson for MAGA Inc. “We’re not going back to their record inflation, open borders, and surging crime.”
MAGA Inc. is sitting on more funds than any other super PAC, and Republican donors and battleground candidates have been hoping it will unleash that money to help the party keep control of the House and Senate.
So far, the group has only spent only a few million dollars out of its massive fundraising haul, and its funds have largely gone to competitive Republican primaries. Most recently, it spent $827,000 on phone calls and text messages to boost Sen. Darline Graham (R-S.C.) in the state’s special primary.
-
Uncategorized2 years ago
Bob Good to step down as Freedom Caucus chair this week
-
Politics2 years agoFormer Kentucky AG Daniel Cameron launches Senate bid
-
The Josh Fourrier Show2 years agoDOOMSDAY: Trump won, now what?
-
Politics2 years agoFormer ‘Squad’ members launching ‘Bowman and Bush’ YouTube show
-
The Dictatorship2 years agoLuigi Mangione acknowledges public support in first official statement since arrest
-
Politics2 years agoBlue Light News’s Editorial Director Ryan Hutchins speaks at Blue Light News’s 2025 Governors Summit
-
The Dictatorship2 years agoPete Hegseth’s tenure at the Pentagon goes from bad to worse
-
The Dictatorship12 months agoMike Johnson sums up the GOP’s arrogant position on military occupation with two words