House passes bipartisan housing affordability legislation aiming to restore the American Dream for working families.
Quiver AI Summary
House votes on housing affordability legislation: The House of Representatives has passed H. Res. 1299, an amended version of the 21st Century ROAD to Housing Act, with a significant bipartisan majority aimed at tackling housing affordability issues. Speaker Johnson described the act as "transformational legislation" designed to make housing more accessible for American families.
Legislation details and support: The Speaker emphasized that the legislation will reduce restrictive regulations, increase housing supply, and lower home prices. He praised the collaborative effort of Chairman Hill, Ranking Member Waters, and the House Financial Services Committee in securing bipartisan support for the bill, which seeks to meet public demand for effective housing policies.
Future aspirations for the bill: Following the House vote, Speaker Johnson urged the Senate to expedite its approval of the legislation, highlighting its importance for millions of working families aspiring to achieve the American Dream of homeownership. "We are grateful for the strong support in the House and hope for a swift Senate response," he stated.
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