Chairman, House Financial Services Committee
Appears in 3 stories
Lead House sponsor
Congress just passed the biggest housing bill in a generation. The Senate cleared it 85-5, the House 358-32 — margins large enough to override a veto. Then, two hours before the signing ceremony at the Capitol, President Trump called it off.
Updated Jun 24
Bill signed; nine of twelve community banking provisions survived
President Trump signed the 21st Century ROAD to Housing Act on June 24, 2026, after the Senate passed the final text 85-5 and the House cleared it 358-32 the next day. The law bans large institutional investors from buying additional single-family homes for 15 years.
Presiding over Treasury oversight hearings
Treasury Secretary Scott Bessent's February 2026 congressional testimony tested norms of Treasury oversight: two days of shouting matches with House Democrats (Maxine Waters asking to 'shut him up,' Gregory Meeks calling him a 'flunky'), followed by heated Senate Banking Committee exchanges where Democratic Senator Jack Reed called his conduct 'childish' and Senator Elizabeth Warren pressed him on whether Fed nominee Kevin Warsh would face investigations if interest rates aren't cut as Trump demands. Bessent refused to clarify, prompting Warren to call the situation 'an even taller steaming pile of corruption.'
Updated May 27
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
