House weakens private equity limits in housing bill
House Republicans introduced their own housing bill that removes provisions limiting private equity investors, despite the White House urging the House to accept the Senate’s bipartisan measure.
Despite the White House publicly urging the Republican-controlled House to approve the Senate’s bipartisan housing bill, House members advanced a separate version that removes provisions aimed at reining in private equity in the housing market. The move weakens proposed restrictions on private equity and departs from the Senate-backed compromise.