Housing Bill Faces House Hurdle

0:00On March 12th, the Senate recently advanced a major housing bill known as the 21st Century Road to Housing Act, a clear to key procedural vote 89-9 with one lawmaker voting present and could see final passage as early as Thursday. But representative Andy Harris, the Republican for Maryland who chairs the House Freedom Caucus, made it clear the bill stands no chance in the House. Without significant revisions, Harris emphasized that while housing issues need attention, the House won't rubber stamp the Senate version. He suggested lawmakers will rework it from there to address core concerns. Conservatives have raised alarms over specific provisions, including a short-term ban on the Federal Reserve, creating a digital currency. They prefer a permanent prohibition. Another element blocks large institutional investors from snapping up single-family homes, which is drawn mixed reactions on the right. Looking ahead, the House could attach amendments and bounce the bill back to the Senate, or both chambers my former conference committee to hash, out a compromise. The White House, meanwhile,

1:03is pressing House members to pass the measure unchanged to keep momentum on housing reforms. As negotiations unfold, this could reshape how Congress tackles the crisis.