00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump's proposal to ban Wall Street investors from buying single-family homes
00:07failed to make it into the final housing for the 21st Century Act passed Monday,
00:11according to the Wall Street Journal. House Financial Services Committee Chair French Hill
00:16and other GOP lawmakers declined a White House request to add the ban as an amendment.
00:21Hill cited unclear definitions for large institutional investors and single-family
00:26homes. Hill said the executive order came after the committee reached tremendous consensus on its
00:31housing package. The House passed the Bipartisan Housing for the 21st Century Act on Monday.
00:37The law combines more than 20 measures to address housing affordability by encouraging new construction,
00:42easing zoning barriers, and updating federal housing programs.
00:46Critics said Trump's investor ban overstates the role of institutional buyers.
00:50For all things money, visit Benzinga.com.
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