The Senate passed the 21st Century ROAD to Housing Act on Monday, sending the most significant federal housing overhaul in decades to President Trump’s desk.
This legislation aims to lower costs and boost inventory by barring institutional investors and private equity firms from purchasing large swaths of single-family homes. The bill also simplifies mortgage lending for small banks and streamlines the federal permitting process to accelerate new home construction nationwide.
Notably, the compromise deal includes a controversial ban on the creation of a "digital dollar" or Central Bank Digital Currency (CBDC) until at least 2030. President Trump is expected to sign the bill into law this week, marking a rare moment of bipartisan unity before the upcoming August recess.
.Here are the top political news stories for today.
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