President Donald Trump announced a last-minute cancellation of the signing of the 21st Century ROAD to Housing Act Wednesday, issuing an ultimatum to get the SAVE Act passed.
"Today’s Housing News Conference and Signing is hereby cancelled until such time as we pass the desperately needed SAVE AMERICA ACT, which I consider to be a National Emergency. Thank you for your attention to this matter," Trump wrote on Truth Social.
House lawmakers passed the Housing Act by a 358–32 vote Tuesday, reflecting widespread agreement on the need to help Americans facing housing affordability challenges. The bill seeks to expand the supply of homes and will lower costs while also giving individual buyers a leg up by banning large institutional investors from purchasing single-family homes.
Earlier Wednesday morning, Trump called the act an "Elizabeth ‘Pocahontas’ Warren centric housing bill," writing that it is "of minor importance compared to lower interest rates, and even FISA, pales in comparison to passing THE SAVE AMERICA ACT."
The Safeguarding American Voter Eligibility (SAVE) America Act includes Trump’s long-sought voter ID and citizenship verification as midterms loom ahead.
Trump and administration officials have sounded the alarm on the importance of passing the SAVE America Act, which has faced obstacles and pushback.
"That is what Americans, both Dumocrats, Republicans, and everyone else, care about. Get the bad Republicans to approve it or, better yet, Terminate the Filibuster and approve it, AND EVERYTHING ELSE REPUBLICANS HAVE EVER DREAMED OF," Trump added on Truth Social. "The Dumocrats will do it in hour one, 100%. Republicans will feel very stupid if they don’t do it first. I’ll be watching with tears in my eyes!!!"
The housing package comes after months of House-Senate negotiations over restrictions on private equity investors and a temporary ban on central bank digital currencies (CBDCs), an unrelated proposal championed by GOP privacy advocates.
The bill will loosen regulations surrounding factory-built homes and ease federal environmental reviews for housing.
The measure encourages local governments to update zoning policies to support more home construction and address housing shortages.
Many Americans have struggled when it comes to buying a home, with the median nationwide price tag topping $400,000, according to Realtor.com.
House Speaker Mike Johnson said Tuesday the new law will bring the "American Dream" back and thanked both Republicans and Democratic members after the bill’s passage.
"We are grateful to Chairman Hill, Ranking Member Waters, and our counterparts in the Senate for rolling up their sleeves to negotiate and achieve a bipartisan, bicameral bill that will now head to President Trump’s desk to be signed into law," he wrote on X.
Fox News Digital’s Adam Pack contributed to this report.
Ashley J. DiMella reports on politics for Fox News Digital.
