Landmark housing bill presented to Trump for signature on Monday

House Speaker Mike Johnson said the housing package will become law with or without the president’s nod

Landmark housing bill presented to Trump for signature on Monday

House Speaker Mike Johnson said the housing package will become law with or without the president’s nod

The 21st Century ROAD to Housing Act was officially presented to President Donald Trump on Monday, kicking off a 10-day countdown for Trump to sign it into law.

Despite the landmark legislation passing with overwhelming majorities in the U.S. Senate and House of Representatives last week, Trump has refused to sign the bill until Congress passes a controversial voter ID law called the SAVE America Act.

The president went so far as to abruptly cancel a signing ceremony scheduled for last Wednesday.

But Republican Speaker of the House, Rep. Mike Johnson from Louisiana, told reporters on Monday that the housing bill — which contains dozens of provisions designed to boost housing production and cut regulation — would pass with or without Trump’s nod.

“He won’t veto the bill. We already know that,” Johnson told USA Today. “He’ll either allow it to just go into law, or he’ll put his signature on it and take partial ownership, and I hope he does the latter.”

Legislative procedure entails that if a president does not sign or veto legislation after 10 days (excluding Sundays) of it being formally presented for signature, the legislation becomes law without the president’s signature.

The 21st Century ROAD to Housing Act ultimately passed with veto-proof majorities that would enable Congress to override any effort by Trump to tank the bill.

It had been uncertain whether the housing package had been brought to the president’s desk last week, thus starting the 10-day clock. However, an update to the official website of Congress tracking the legislation’s activity shows the bill was sent to Trump on June 29.

Speaking to reporters in the Oval Office on Monday, Trump called the housing bill a “yawn” and declined to commit to signing it as he continued to pitch the federal elections bill.

“I said, ‘You should get the biggest black marker you can, do that giant Trump signature across that, because there’s a lot to be proud of there,’” Johnson told Trump, according to the USA Today interview.

Author

More Headlines

Top Dollar Volume

Top FHA Volume

Top HELOC Volume

Most Loans Closed

Top Mortgage Brokers

Top Non-QM Volume

Top Purchase Volume

Top Refinance Volume

Top USDA Volume

Top VA Volume

Top Veteran Originators

Top Jumbo Originators

Top Women Originators

Top Overall

Top Wholesale

Top Retail

Top Non-QM

Top FHA

Top VA

Top Correspondent

Sign in to Scotsman Guide PRO

error: Content is protected !!

We found an account with this email.
Please log in or reset your password to continue.