Trump pushes for a ban on investors buying single-family homes, but faces resistance from congressional Republicans.

According to the Wall Street Journal, the White House is locked in a deadlock with Congress over a housing proposal by President Trump that would ban Wall Street investors from buying single-family homes. Trump administration officials have been pressuring Republicans in recent weeks to include the investor ban as an amendment to the Century 21 Housing Act, which is currently progressing in both houses of Congress, but lawmakers in both houses are resisting its inclusion. Any such amendment could undermine the Century 21 Housing Act and these two months-long, bipartisan housing legislations. The bill in Congress focuses on stimulating housing supply, but Trump has reservations about expanding supply, and his housing plan announced this year focuses more on stimulating demand. However, key Republican lawmakers are not currently inclined to do so. Representative Hill, chairman of the House Financial Services Committee, rejected the White House's request to include the amendment in the Century 21 Housing Act. Republicans on the Financial Services Committee are also generally skeptical of the investor ban proposal, arguing that it violates free market principles and property rights.