Key Facts

• The bill passed with 358–32 votes in the House and 85–5 votes in the Senate.
• It aims to increase housing supply, limit big investors from buying many homes, and improve access to housing finance.
• Large investors who own 350 or more homes will face restrictions on buying more single-family houses.
• The bill includes a $200 million yearly fund for innovative zoning practices and expands a program that supports housing redevelopment.
• No Democrats voted against the final bill; all opposition came from Republicans concerned about expanding federal housing agencies.
• The legislation also temporarily blocks the Federal Reserve from issuing a central bank digital currency until 2030.
• The U.S. housing shortage is estimated between 3 million and 4.7 million homes, partly due to low building rates after the 2008 crisis.
• The bill seeks to help renters, homebuyers, and local governments by encouraging more building and simplifying housing rules.