Overview
- The House adopted the amended measure by a 396–13 vote on Wednesday, May 20, effectively swapping House text into the Senate‑passed bill and sending the package back to the Senate for action.
- The House bill keeps limits on large institutional owners but removes the Senate’s proposal to force sale of build‑to‑rent single‑family homes after seven years and instead uses other investor caps.
- House members added several community banking provisions that the White House endorsed but that some Senate Democrats, including Elizabeth Warren, have said could complicate getting 60 votes.
- Senate Banking Chairman Tim Scott and ranking member Elizabeth Warren issued a joint statement saying the Senate is not ready to approve the amended House bill and that negotiators must resolve remaining differences.
- If leaders cannot reach a compromise the measure will face Senate procedural hurdles, including the 60‑vote cloture rule and little appetite for a formal conference committee, which raises the risk the effort stalls before final passage.