President Donald J. Trump is calling on Congress to pass a Senate housing bill limiting corporate ownership of family homes.
| PULSE POINTS |
❓ WHAT HAPPENED: President Donald J. Trump has called on Congress to pass a bill restricting Wall Street’s ability to buy single-family homes. 📰 DETAIL: Different housing reform packages have been bouncing back and forth between the House and Senate. As per an announcement back in March, President Trump is supporting the package proposed in the Senate. The key difference between the rival packages is the wording directed at Wall Street. The 21st Century ROAD to Housing Act, the Trump-backed Senate bill, includes explicit restrictions on Wall Street investors buying single-family homes. Lawmakers in the House want to remove the restrictions, while President Trump is determined to include explicitly anti-Wall Street wording in whatever legislation comes out of the process. Opponents of the wording argue that taking aim at Wall Street could discourage housebuilding, while defenders see it as necessary to protect the prospect of homeownership. 💬 KEY QUOTE: “The American Dream of Homeownership is under attack… I am asking Congress to pass that Bill, the 21st Century ROAD to Housing Act, which would ensure that homes are for people, not Corporations.” – President Donald J. Trump on Truth Social on Tuesday. 🎯 IMPACT: If passed, the bill could significantly alter the housing market by reducing corporate ownership of single-family homes. Vice President J.D. Vance backed President Trump’s announcement in a post on X, writing, “The American Dream doesn’t belong to the highest bidder on Wall Street. It belongs to the American people, who work hard, save up, and play by the rules. I applaud President Trump’s leadership on this issue and urge the House to pass this bill.” The White House’s decision to back the Senate’s housing reforms is part of the Trump administration’s increasing focus on affordability. Yesterday, the President announced plans to temporarily suspend the federal gas tax due to high prices created by the Iran war. |
President Trump is right on. America was not founded for big tech billionaires and commercial developers.
She was founded for God-fearing Americans to build their lives on their own land. President Trump is protecting the American virtue of home ownership and putting Americans… pic.twitter.com/Va6j3QDNAJ
— Rep. Andy Ogles (@RepOgles) May 12, 2026
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