House aims for housing bill vote next week, setting up clash with Senate

The House is moving ahead with a vote next week on an amended bipartisan housing bill, even after President Trump pressured the lower chamber to pass the Senate version.

House Financial Services Committee Chair French Hill (R-Ark.) and Rep. Maxine Waters (D-Calif.), the committee’s ranking member, on Thursday released the House’s version of the “21st Century ROAD to Housing Act,” which the Senate passed in March in an 89-10 vote.

The amended bill would notably strip a controversial provision requiring large institutional investors of build-to-rent single-family homes to sell that property within seven years. The provision had sparked an uproar among hard-line conservatives, who argued that it amounts to unnecessary government interference in the free market and private housing economy. 

The bill text now says that large institutional investors are not required to sell or........

© The Hill