Bipartisan housing bill automatically becomes law after Trump refuses to sign it

Washington — A landmark housing bill automatically became law at 12 a.m. on Saturday after President Trump declined to sign it in protest of the Senate's inaction on an elections bill known as the SAVE America Act.The bipartisan bill, known as the 21st Century ROAD to Housing Act, is the most comprehensive housing legislation in decades. The measure aims to increase housing supply and bring down costs, including by limiting institutional investors from purchasing certain single-family homes. The president had been set to sign the legislation at a Capitol Hill bill signing ceremony last month, shortly after the House and Senate approved it by wide bipartisan margins. But he abruptly canceled the bill signing hours in advance, and threatened not to sign the legislation until Congress approved the SAVE America Act.