The House voted 396-13 to pass housing legislation Wednesday after two key senators said the House bill would need work to pass the Senate.
The House vote on the measure was procedurally to adopt a resolution concurring in a Senate amendment, a move that effectively swapped in House text to the bill passed by the Senate. The vote under suspension of the rules required support from two-thirds of members present and voting.
Leaders of the House Financial Services Committee, which has jurisdiction on the issue, were tweaking the bill up to debate on Tuesday, but the effort still left gaps between a Senate measure, primarily over the treatment of institutional investors and community banking provisions.
Senate Banking Chairman Tim Scott, R-S.C., and ranking member Elizabeth Warren, D-Mass., put out a statement Wednesday ahead of the House vote that the Senate is not ready to pass the amended House bill.
“We worked closely with the White House and our colleagues in both chambers on a bill that puts families first and addresses the housing crisis,” Scott and Warren said in their joint statement. “There’s still work to be done and we are committed to continuing to work with the White House and our colleagues in the House on a housing bill that can pass the Senate and get to the President’s desk.”
