In a huge win for housing affordability, the Senate just took major action to stop major Wall Street firms from purchasing homes meant for American families. On Monday, the Senate overwhelmingly passed a landmark bill that would prevent large institutional investors from buying single-family residential homes. The final vote was 85-5. Check it out: President Trump previously called for Congress to pass legislation preventing Wall Street from snapping up homes meant for families back in January. For months now, versions of the bill have been going back and forth between the House and Senate. Only five Senators — all Republicans — voted against the revised bill in Monday’s vote. Here are their names, per The New York Post: Sens. Tommy Tuberville (R-Ala.), Ron Johnson (R-Wis.), Rick Scott (R-Fla.), Rand Paul (R-Ky.) and Mike Lee (R-Utah) voted against the measure. After the bill was approved, the Senate GOP issued this statement: Rising home prices are crushing the American dream.  Senate Republicans passed a bill to lower those costs. The 21st Century Road to Housing Act cuts red tape, gets the government out of the way, and drives down costs for homebuyers. — Senate Republicans (@SenateGOP) June 22, 2026 Now, the bill will head to the House — where, hopefully, it will finally be approved and sent to President Trump’s desk. CBS News reported further: The bill, known as the 21st Century ROAD to Housing Act, aims to increase housing supply and bring down costs, including by limiting institutional investors from purchasing certain single-family homes. The Senate approved an earlier version of the package in March, before the House in May approved another version. Then last week, the Senate Banking and House Financial Services committees announced a bicameral agreement on the long-sought legislation. The bill represents the most sweeping housing legislation in decades. Sen. Tim Scott of South Carolina, the chairman of the Senate Banking Committee, said in a statement that it was the result of “years of work to lower costs, expand housing supply, cut red tape, protect taxpayers, and help more Americans achieve the dream of homeownership.” “Now it is time to move forward, get this bill across the finish line, and deliver real relief for the American people,” Scott said. Speaking from the Senate floor last week, Sen. Elizabeth Warren of Massachusetts, the top Democrat on the Banking Committee, outlined some of the bill’s more than 45 housing provisions. The legislation would remove some regulatory barriers and streamline environmental reviews to increase development of affordable housing; update chassis requirements for manufactured housing; create an innovation fund for communities increasing housing supply; and support housing opportunities for veterans, among other things. “There is so much in this bill,” Warren said. “Each piece, directing us toward increasing the supply of housing, bringing down the cost, and making housing something that is not just a Wall Street investment, but is actually there for American families.” The White House has pushed for the provision limiting purchases of single-family homes by institutional investors, which proponents say would benefit homebuyers by cutting competition. The legislation now heads to the House, which is returning from recess this week and is expected to move quickly. This is a Guest Post from our friends over at WLTReport. View the original article here. The post JUST IN: Senate Overwhelmingly PASSES Landmark Housing Affordability Bill appeared first on 100PercentFedUp.com.