The Senate Banking Committee is expected today to advance its first bipartisan housing bill in more than a decade — but members and aides told Semafor it’s not clear when it could get to the floor.
Working in its favor: President Donald Trump’s fixation on housing as he pushes for lower interest rates, which fuels pressure on Congress to pass , and the bill’s inclusion of several popular standalone bills, which means a lot of authors leaning on leadership.
The legislation, which would revamp regulations on critical but small corners of the sector, is also relatively noncontroversial: As one economist put it, “it’s no game-changer.”
Still, there are few guarantees as members’ priorities compete with Trump’s agenda ahead of the looming midterms. “It just depends on a lot of factors,” Sen. John Kennedy, R-La., said Monday night. “I’m certainly going to push.”
