President Donald Trump has worked behind the scenes to tank Republican support for a bipartisan bill in the Senate that would tackle housing affordability, PunchbowlPresident Donald Trump has worked behind the scenes to tank Republican support for a bipartisan bill in the Senate that would tackle housing affordability, Punchbowl

'No one gives a bleep': Trump orders GOP to derail bipartisan affordability legislation

2026/03/12 21:21
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

President Donald Trump has worked behind the scenes to tank Republican support for a bipartisan bill in the Senate that would tackle housing affordability, Punchbowl News reported on Thursday.

The main issue, noted the report, is his insistence that his pet voter suppression bill, which just passed the House, be adopted in the Senate — something GOP leaders have said they don't have the votes for.

"The Senate is expected to pass the 21st Century ROAD to Housing Act in a big bipartisan vote later this morning. The effort is led by Senate Banking Committee Chair Tim Scott (R-S.C.) and Ranking Member Elizabeth Warren (D-Mass.)," said the report. "But as we scooped Wednesday night, Speaker Mike Johnson informed House GOP leaders this week that the president told him 'no one gives a [bleep] about housing' — a message intended to convey that Trump has made the SAVE America Act his top legislative priority instead. And all of this is far in the background of the Iran war, which is dominating everything in Washington."

The bill contains a grab bag of ideas on housing, including permitting reform to make it easier to build new housing inventory, and new incentives for local communities to boost production. It also includes limits on large "institutional investors" owning single family homes — an idea that experts are skeptical will do much for affordability, but enjoys widespread bipartisan support.

Trump's opposition is likely to erode already-sparse support for the legislation in the GOP-controlled House, noted the report.

"Rank-and-file House Republicans and their leaders are threatening to force a formal negotiation, potentially unraveling the carefully crafted Senate package," said the report. "Sen. John Kennedy (R-La.) told us he’d spoken to House colleagues on Wednesday about potential tweaks to the Senate’s housing bill. But the Louisiana Republican also warned that if the House rips the bill apart, Congress’ chance to pass a housing bill this year will be over."

Trump has previously threatened not to sign any legislation on his desk until the SAVE America Act is passed.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Stephen Gregory named binance us ceo as exchange targets expansion in US crypto market

Stephen Gregory named binance us ceo as exchange targets expansion in US crypto market

Binance.US names Stephen Gregory as binance us ceo, signaling expansion in the US crypto market with a renewed focus on compliance.
Share
The Cryptonomist2026/03/12 20:09
The Growing World of Medical Aesthetics: Enhancing Beauty Through Science and Innovation

The Growing World of Medical Aesthetics: Enhancing Beauty Through Science and Innovation

In recent years, the field of medical aesthetics has grown rapidly as more individuals seek safe and effective ways to enhance their appearance and improve their
Share
Techbullion2026/03/12 23:21