Trump cancels bipartisan housing bill signing, reiterates demand for SAVE America Act

President Trump canceled a planned signing ceremony on Wednesday for a landmark housing affordability bill that passed Congress by wide bipartisan margins, saying he will not sign the legislation into law until lawmakers pass an elections bill known as the SAVE America Act.

Mr. Trump was set to sign the bill, known as the 21st Century ROAD to Housing Act, during an event at the Capitol. The measure aims to increase housing supply and bring down costs, including by limiting institutional investors from purchasing certain single-family homes.

“Today’s Housing News Conference and Signing is hereby cancelled until such time as we pass the desperately needed SAVE AMERICA ACT, which I consider to be a National Emergency,” he wrote on Truth Social.

Under the Constitution, a bill that has passed both chambers of Congress and has been presented to the president automatically becomes law if he doesn’t sign or veto it within 10 days, excluding Sundays, as long as lawmakers are in session.

The House approved the housing bill Tuesday evening by a 358-32 margin after the Senate passed the measure 85-5 a day earlier.