By
Updated on: June 24, 2026 / 10:18 AM EDT
/ CBS News
Add CBS News on Google
Washington — President Trump is set to sign a bill aimed at bringing down housing costs on Wednesday at the Capitol, where lawmakers on both sides of the aisle are claiming credit for the most comprehensive housing legislation in decades.The measure, known as the 21st Century ROAD to Housing Act, aims to increase housing supply and bring down costs, including by limiting institutional investors from purchasing certain single-family homes.The House approved the bill Tuesday evening by a wide bipartisan margin after the Senate passed the measure a day earlier.Mr. Trump is set to sign the bill in the Capitol's Statuary Hall in a bill-signing ceremony at 12 p.m., where he'll be joined by House Speaker Mike Johnson and Senate Majority Leader John Thune. He is also set to meet with Republican senators while on the Hill to discuss the SAVE America Act, an elections bill he has pushed for months. In a post on Truth Social in the morning, the president downplayed the significance of the housing bill in comparison to the SAVE America Act. "The Elizabeth 'Pocahontas' Warren centric housing bill, which is of minor importance compared to lower interest rates, and even FISA, pales in comparison to passing THE SAVE AMERICA ACT," he wrote, referring to the Massachusetts Democratic senator who has been one of the main proponents of the bill.Its passage through both chambers came after months of back-and-forth across the two chambers. Then last week, key committees announced a bicameral agreement on the long-sought legislation.
