Senate passes bill to lower housing costs and restrict Wall Street from buying homes

[BumRushDaShow]

Source: NBC News

June 22, 2026, 6:43 PM EDT


WASHINGTON — The Senate voted overwhelmingly Monday to pass a sweeping housing affordability bill aimed at lowering costs, putting Congress on the brink of a rare bipartisan victory in President Donald Trump’s second term.

The vote was 85-5. Several senators missed the vote due to severe thunderstorms in the Washington area that led to a ground stop at Ronald Reagan National Airport.

The legislation, which would make it easier to build homes and slap limits on Wall Street investors’ buying up houses, now goes to the House, which hopes to vote on it in the next few days. Then, it would go to Trump’s desk to be signed into law.

The 21st Century ROAD to Housing Act would be a desperately needed win for Republicans, who have seen their 2026 midterm election prospects deteriorate throughout the year as voters believe Trump and the GOP-controlled Congress haven’t done enough to tackle the cost of living.

Read more: https://www.nbcnews.com/politics/congress/senate-passes-bill-lower-housing-costs-restrict-wall-street-buying-hom-rcna350753

[no_hypocrisy]

1. In the 80's, Wall Street was buying packages

of leases. I suspected firms would move onto outright ownership of residential properties.

[popsdenver]

13. Exactly

The massive purchases have been going on for decades already..........

This is far too little, far too late..............and not near encompassing enough of the industry.......

[tishaLA]

2. Great piece of legislation -- which is why whatshisname with his private equity son in law will never sign it

they'll have a hard time holding slum lords accountable as long as the tenants vote in low numbers.

[GB_RN]

3. Hopefully...

The House votes on it by a similar margin, and a veto from Cantaloupe Caligula the Corpulent won’t mean shit.

[wolfie001]

4. President Biden was proposing this

Something needs to be done. Also, healthcare.

[BumRushDaShow]

5. Wait...

You've been missing these guys -

[wolfie001]

6. Ha! My Bad!

Cheers BRDS!!!

[BumRushDaShow]

7. !!!!!

[flvegan]

8. Should probably read it.

"Limiting Wall St from buying homes" lol, hardly. They're largely bought in LLCs, so nothing stopping them from creating 5,000 or 10,000 LLCs and buying all the homes they want. Way to go.

There's also limitations on inspections and environmental regulations. What could possibly go wrong?

There's a reason it's such an easy bi-partisan pass. Lots of congressfolks are going to need physical therapy after all this patting themselves on the back.

[Ol Janx Spirit]

9. Yep. Whenever Repukes are purported to vote against Wall Street's interests you can...

...bet there is print so fine you have to read it with an atomic force microscope.

And if Turnip says he will sign it we need to work hard to scrap the whole thing. It can't be good for anyone but the 0.1%!

[mahina]

11. Elizabeth Warren is really happy about it.

Your point makes sense though

[JustAnotherGen]

10. I preferred VP Harris'

Vision she laid out on her platform for the general election.

[Callie1979]

12. Lipstick on a pig. "Wall St" really doesnt buy that much. This wont do much for prices.

They buy maybe 1% of annual purchases.

[Figarosmom]

14. About time. Now what's the poison pill?