The Senate passed the 21st Century ROAD to Housing Act a day earlier, with just five Republican Senators voting nay.
Read More: What to Know About the Landmark Housing Bill Congress Just Passed
President Donald Trump said in a Truth Social post on Wednesday that the bill’s signing ceremony “is hereby cancelled until such time as we pass the desperately needed SAVE AMERICA ACT,” a restrictive piece of voting legislation Trump has repeatedly said must be passed before he signs any other bills.
Read More: Trump Says He Won’t Sign Housing Bill Until Congress Passes the SAVE Act. Here’s How It Can Become Law Anyway
Many of the nay votes in the lower chamber have also also expressed a key point of opposition to the bill: that it only temporarily––instead of permanently––bans the Federal Reserve from creating a central bank digital currency (CBDC), a digital form of the U.S. dollar issued by the country’s central bank.
The letter, addressed to House Speaker Mike Johnson and Senate Majority Leader John Thune, was written in response to a previous version of the housing bill. The compromise bicameral version that Congress passed this week still includes the temporary CBDC prohibition the members objected to, which would sunset at the end of 2030.
Cloud, who led the letter, posted a video on his X account on Wednesday showing Democratic Rep. Jim McGovern of Massachusetts informing him that he’s submitted an amendment to Congress to block the federal government from issuing a CBDC 38 times in the current Congress, to which Cloud responds: “You’re welcome.”
“Last night, I joined 31 of my colleagues to STAND FIRM with President Trump in refusing to pass ANY SENATE BILLS until the SAVE America Act is passed,” wrote Norman on Wednesday. “That included voting NO on Elizabeth Warren’s housing package. It wasn't conservative enough, added more Washington involvement, and failed to address the spending crisis.” Warren led the housing bill in the Senate along with Republican Sen. Tim Scott, while the legislation was led in the House by Democratic Rep. Maxine Waters and Republican Rep. French Hill.
Several Republicans who voted nay on the housing bill also previously signed a letter pledging to vote against any other bills until the SAVE Act is passed, including Luna, Higgins, Boebert, Donalds, Burlison, and Gill.
Perry told Politico in response to an earlier version of the legislation that “I’m not thrilled about being asked to vote for a bunch of Elizabeth Warren rent control policies, pricing control and rent policies that are downright socialist, if not outright communist.”
Other House members who voted against the final version of the legislation have taken issue with the restrictions it would impose on institutional investors buying single-family homes, such as Bean, Davidson, and Fine, who expressed their opposition to such restrictions in an April letter to both party’s leaders in the lower chamber.
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