President Donald Trump said Friday he will not sign the 21st Century ROAD to Housing Act, and the bill will become law without his signature if he takes no action before the 10-day deadline.
"I will not sign the Housing Bill, which has been fully approved by Congress and sent to the White House, in PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT," Trump posted Friday morning on his social media platform, Truth Social.
House Speaker Mike Johnson delivered the housing bill to the White House on June 29, starting the 10-day clock for the president to either sign or veto the legislation.
The legislation contains almost 60 provisions, including a restriction that would prohibit large institutional investors from owning more than 350 single-family homes, a measure the president made a condition for his support.
Other provisions aim to speed construction and cut costs, including allowing developers to skip environmental review for houses built between two previously reviewed buildings, easing rules for manufactured homes by removing a permanent chassis requirement that housing policy experts say could save $5,000 to $10,000 per home, and redirecting existing federal housing funds toward communities that build more housing.
Speaker Johnson and House GOP leadership worked over the last 10 days to persuade the president not to veto the bill, Johnson said, and House GOP leaders conveyed they had the votes to override a veto if the president chose to veto it.
The president canceled a planned White House signing on June 24 and called the bill "a big yawn" shortly after it passed.