Pressure is mounting on the House of Representatives to pass the 21st Century ROAD to Housing Act, which would prohibit institutional investors from buying single family American homes.
The legislation passed the U.S. Senate in March by an 89-10 vote, and House Speaker Mike Johnson (R-LA) can put the bill on the House floor with suspension of the rules, which requires two-thirds support.
Considering it had nearly 90 percent support in the Senate, the bill would likely exceed the threshold to suspend the rules, which requires 284 members’ support, given five vacancies.
President Donald Trump called for the passage of the 21st Century ROAD to…
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